The operation dubbed ‘Desert Storm’ was launched by the Egyptian army in North Sinai Governorate on Saturday and will last for 48 hours, Al Ahram newspaper said citing security sources. The army reported Sunday that at least 10 “militants” were killed during the operation, while around 20 others were arrested. Source RT
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
