Egypt, China Mark 45 Years of Military Aviation Partnership
H-Tayea
The Egyptian Air Force and China's CATIC company marked 45 years of joint military cooperation in a ceremony held at the historic Citadel of Salah El-Din. The event commemorated the arrival of the first fighter jets produced by CATIC into the Egyptian Air Force fleet and underscored the depth of the strategic partnership between the two countries.
The ceremony included a guided tour of the military museum at the Citadel, highlighting Egypt's military history. In a speech, Air Force Commander Lt. Gen. Mahmoud Fouad Abdel-Gawad conveyed greetings from the Minister of Defense and the Chief of Staff and emphasized the longstanding ties between the Egyptian and Chinese air forces.
He expressed optimism for expanding future collaboration to enhance combat readiness and keep pace with technological advancements in aviation.
CATIC's CEO praised the event and reaffirmed the company's commitment to supporting Egypt's defense capabilities through advanced technology and expert training. The Chinese ambassador also reiterated his country's interest in strengthening ties with Egypt based on the longstanding strategic partnership between the two nations.
read more
Gold prices rise, 21 Karat at EGP 3685
NATO's Role in Israeli-Palestinian Conflict
US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria
Shoukry Meets Director-General of FAO
Lavrov: confrontation bet. nuclear powers must be avoided
News
Iran Summons French Ambassador over Foreign Minister Remarks
News
Aboul Gheit Condemns Israeli Escalation in West Bank
News
Greek PM: Athens Plays Key Role in Improving Energy Security in Region
News
One Person Injured in Explosion at Ukrainian Embassy in Madrid
News
Egypt confirms denial of airspace access to US B-52 bombers
Lifestyle
Pistachio and Raspberry Cheesecake Domes Recipe
News
Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia
News
Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content
Arts & Culture
Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Videos & Features
Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO)
Sports
Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
News
Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies
Arts & Culture
New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
23 minutes ago
- See - Sada Elbalad
Fitch Warns Middle East Credit Risks Could Rise if Iran-Israel Conflict Escalates
Taarek Refaat Fitch Ratings warned in a new report that the ongoing military conflict between Iran and Israel has heightened geopolitical and security risks across the Middle East, with potential implications for sovereign credit ratings if the violence intensifies or spreads. While the agency said the current scope of the conflict remains within the tolerable limits of Israel's existing credit rating ('A' with a Negative Outlook), it stressed that future developments could alter this assessment. 'The repercussions so far appear manageable,' the report noted, citing Israel's strong defensive capabilities and the limited economic impact of Iranian strikes to date. Fitch assumes the conflict will remain geographically limited to Iran and Israel and last only a few weeks. The agency also noted that Iran's ability to project power through proxies in Gaza and Lebanon has been weakened by Israel's military operations in those territories, reducing the likelihood of broader regional destabilization. Energy Sector Impact Energy infrastructure in both Israel and Iran has so far remained largely unscathed, though market volatility has increased. Brent crude prices have climbed to around $75 per barrel — up from $65 before the conflict — as a result of heightened geopolitical risk. Fitch estimates that this risk premium may keep oil prices elevated by $5 to $10 per barrel in the near term. Iran's crude oil production stood at approximately 3.3 million barrels per day in 2024, according to OPEC figures. While a major disruption to Iran's oil infrastructure would place additional upward pressure on global prices, Fitch believes such a shortfall could be offset by OPEC+'s spare production capacity, which totals around 5.7 million barrels per day. Oil-exporting nations in the region — particularly Saudi Arabia, the UAE, and Kuwait — are likely to benefit from higher energy prices in the short term through increased revenues. Many also have ample financial reserves to weather any short-term instability. Broader Regional Outlook Fitch noted that all Gulf Cooperation Council (GCC) states have condemned the Israeli attack on Iran, signaling that Tehran is unlikely to retaliate against Gulf targets. The agency said relations between Iran and GCC countries remain relatively stable, limiting the threat of broader regional conflict. However, there is concern over potential escalation by Iran-aligned Houthis in Yemen, who may intensify attacks on shipping routes in solidarity with Iran. Disruptions to Red Sea trade, including the Suez Canal — which has already suffered from prior Houthi attacks — could further undermine revenues for countries like Egypt. Tourism and air traffic across the region have also declined due to security concerns, with countries such as Jordan expected to see a continued drop in European tourist arrivals, potentially weakening economic growth and external revenues. Risks and Scenarios Fitch emphasized that its base case assumes the conflict remains limited. However, it warned that more severe scenarios — including attacks on U.S. assets in the region or disruption of maritime traffic through the Strait of Hormuz — could lead to sustained oil price spikes and more serious credit risks for affected sovereigns. Such developments could ultimately outweigh the fiscal benefits of higher oil prices. 'These remain low-probability but high-impact risks,' the agency stated, underscoring the need for close monitoring as tensions continue. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
See - Sada Elbalad
23 minutes ago
- See - Sada Elbalad
Members of Congress call on Trump to evacuate Americans from Israel
Basant Ahmed Forty-five bipartisan members of the US House of Representatives urged President Donald Trump and Secretary of State Marco Rubio to evacuate Americans from Israel amid ongoing tensions with Iran. In this context, the American website "The Intercept" highlighted the continued exchange of strikes between Israel and Iran for the sixth consecutive day on Wednesday, amid escalating talk of a direct American role in the Israeli aggression against Iran. This raises an important question about whether Trump needs congressional approval before taking any military action that would plunge Washington into a war against Tehran. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
See - Sada Elbalad
23 minutes ago
- See - Sada Elbalad
Pakistani Amb. Visits Egyptian Media Production City
Basant Ahmed Pakistani Ambassador in Cairo Aamir Shouket met Chairman and CEO of Egyptian Media Production City (EMPC) Mr. Abdel Fattah El-Gebali, today, the Pakistani Embassy said on "X". Avenues for Media Cooperation and Joint Collaboration between Pakistan and Egypt were discussed during the meeting. The Pakistani Ambassador also visited state-of-the-art studios, and production facilities at EMPC. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
