U.S. Navy aircraft carrier collision near the Suez Canal

The commanding officer of the U.S. Navy aircraft carrier USS Harry S. Truman was relieved of his command after a collision with a merchant vessel near the Suez Canal. The collision is under investigation, and the officer's removal was due to a loss of confidence in his ability to command.

Egypt's Sale of Mediterranean Resort Real Estate and IMF Support Package

Egypt plans to balance its national budget by selling Mediterranean resort real estate to Abu Dhabi and receiving a support package from the IMF, despite the loss of Suez Canal revenue due to attacks by Iran-backed Houthi terrorists. The $24 billion Ras al-Hikma deal will play a significant role in boosting the economy.