Islamic militants on Monday ambushed two mini-buses carrying off-duty policemen in the northern region of Egypt’s Sinai Peninsula, killing 25 of them execution-style in a brazen daylight attack that deepens the turmoil roiling the country and underscores the volatility of the strategic region. Source: Seattle Times
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
