Tens of thousands of supporters and opponents of President Mohammed Morsi rallied Friday in Cairo, and both sides fought each other in the second-largest city of Alexandria, where two people were killed – including an American – and 85 were injured while at least five offices of Morsi’s Muslim Brotherhood were torched, officials said. Source The World Post
Russia has signed an estimated $2 billion contract for the supply of about 12 Su-35 multi-role fighter jets to Egypt. Source: Defenseworld
Meeting in Russia’s Black Sea resort of Sochi, the Russian and Egyptian presidents have signed what officials describes as a strategic cooperation treaty designed to increase trade, military, and other ties between the two nations. Source: Radio Free Europe
Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy, oil ministry and company officials said. Source: Bloomberg
