logo
Egypt's Navy receives first locally built Azimuth tugboat "Ras El-Hekma" from Alexandria Shipyard - Defence

Egypt's Navy receives first locally built Azimuth tugboat "Ras El-Hekma" from Alexandria Shipyard - Defence

Al-Ahram Weekly05-06-2025
The Egyptian Navy received its first locally built Azimuth Stern Drive (ASD) tugboat, Ras El-Hekma, from Alexandria Shipyard on Thursday, the Egyptian Armed Forces announced.
According to the Egyptian army, the tugboat is the first of three being constructed for the Navy under a contract between the Navy and Alexandria Shipyard, in cooperation with the French classification society Bureau Veritas (BV).
The Ras El-Hekma tugboat (RASTR 3200 model) is competitive in price and has a powerful 85-ton bollard pull capacity and exceptional manoeuvrability. It is equipped with systems from top global maritime suppliers.
This is the first time Egypt's marine industry has produced this model of tugboats. In manufacturing it, Alexandria Shipyard aims to enter the global tugboat market and aspires to become a regional hub for building and exporting this class of tugboats in the coming phase.
Vice Admiral Ashraf Atwa, Commander of the Egyptian Navy and Chairman of the Marine Industries and Services Authority, attended the handover ceremony.
In addition, Rear Admiral Hossam El-Din Ezzat, Chairman of Alexandria Shipyard, senior Navy officials, BV representatives, and delegates from leading international maritime companies attended the event.
Follow us on:
Facebook
Instagram
Whatsapp
Short link:
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Egypt's PM heads to Japan for TICAD 9 Africa development summit
Egypt's PM heads to Japan for TICAD 9 Africa development summit

Daily News Egypt

time18 minutes ago

  • Daily News Egypt

Egypt's PM heads to Japan for TICAD 9 Africa development summit

Egyptian Prime Minister Mostafa Madbouly left for Japan on Monday to attend the ninth Tokyo International Conference on African Development (TICAD 9), where his Japanese counterpart, Shigeru Ishiba, is expected to propose a new economic integration initiative spanning from the Indian Ocean to Africa. Madbouly is attending the three-day conference in Yokohama from Aug. 20-22 on behalf of Egyptian President Abdel Fattah al-Sisi. He is scheduled to participate in the opening session alongside the Japanese prime minister, African heads of state and government, and the heads of international and African organisations. On the sidelines of the summit, Madbouly is slated to hold a number of high-level meetings and meet with officials from Japanese and African organisations, as well as the heads of major Japanese companies. He will also participate in a Japan-Egypt Business Council forum to discuss opportunities for cooperation between Egyptian and Japanese companies. At the summit, Japanese Prime Minister Ishiba will announce a plan to facilitate trade and investment for Japanese companies operating in Africa, according to government officials. The new framework will include a forum to promote third-country logistics models, as a growing number of Japanese businesses export goods to Africa from production hubs in India and the Middle East. Japan plans to use its Official Development Assistance programmes to strengthen logistics networks connecting Africa to the broader region. Ishiba will also announce a new joint task force involving industry, academia, and government to explore ways to strengthen Japan-Africa economic partnerships. The move is seen as part of Japan's efforts to promote its Free and Open Indo-Pacific vision and to counter China's growing presence and influence across Africa. TICAD, co-organised by the Japanese government, the African Union Commission, and the United Nations, has been a cornerstone of Japan's Africa policy since its establishment in 1993.

Egyptian Sources: Proposal Includes 60-Day Truce in Gaza
Egyptian Sources: Proposal Includes 60-Day Truce in Gaza

See - Sada Elbalad

time2 hours ago

  • See - Sada Elbalad

Egyptian Sources: Proposal Includes 60-Day Truce in Gaza

Ahmed Emam Egyptian sources have outlined the main points of a proposal aimed at halting the conflict in Gaza for 60 days, AlQahera News reported on Monday. According to the sources, the initiative calls for a temporary cessation of military operations, alongside the redeployment of Israeli forces to areas near the border. The move is intended to facilitate the entry of humanitarian aid in volumes that meet the needs of the population in Gaza. The proposal also includes an exchange of prisoners and captives. A number of Palestinian detainees would be released in return for half of the Israelis currently held in Gaza. In addition, the plan envisions the release of 10 Israeli hostages alive, as well as the transfer of 18 bodies — half the total of 36 Israelis reported dead. The sources added that negotiations on a broader agreement or permanent ceasefire would begin on the first day of the truce. Egypt has been playing a central role in mediation efforts, aiming to de-escalate the conflict and create conditions for a lasting settlement. 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 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated

Egypt's Al-Sisi meets central bank chief, calls for continued efforts to increase dollar inflows
Egypt's Al-Sisi meets central bank chief, calls for continued efforts to increase dollar inflows

Daily News Egypt

time2 hours ago

  • Daily News Egypt

Egypt's Al-Sisi meets central bank chief, calls for continued efforts to increase dollar inflows

Egyptian President Abdel Fattah Al-Sisi on Monday stressed the need to continue efforts to increase the country's foreign currency reserves, particularly from local sources, and to maintain a flexible and unified exchange rate, the presidency said. Al-Sisi's comments came during a meeting with Central Bank of Egypt (CBE) Governor Hassan Abdalla to discuss the performance of the Egyptian economy. According to a presidential spokesperson, the meeting covered efforts to continue reducing inflation rates and indicators related to boosting the state's foreign exchange reserves. They also reviewed the global economic situation and the impact of international challenges on the macroeconomy. 'The president emphasized that the sufficient availability of dollar resources positively reflects on providing a reassuring stock of various commodities, petroleum products, as well as production inputs for factories,' the spokesperson, Mohamed El-Shennawy, said in a statement. Egypt's net international reserves climbed to $49.036bn in July 2025, up from $48.700bn in June—an increase of approximately $336m. This marks the highest level of foreign currency reserves ever recorded in Egypt, supported by stronger inflows from export earnings, tourism revenues, remittances from Egyptians abroad, and foreign direct investment. Al-Sisi also called for continued coordination between the government and the central bank to ensure the maintenance of a flexible and unified exchange rate for foreign currency. The meeting also addressed providing opportunities and financing for the private sector to drive economic growth, attract more investment flows, and maximize the private sector's role in economic activity. In this context, the president directed that incentives be enhanced to take advantage of available economic opportunities and that the private sector be empowered to drive growth. He stressed the need for 'intensive work to provide favourable conditions for attracting more foreign investment and empowering the private sector,' the spokesperson said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store