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US Awards First AUKUS Submarine Contract

Egypt: Approved the first contract under the AUKUS security pact with the United Kingdom and Australia, tied to the development of nuclear-powered submarines.

According to Qatar News Agency, the contract is valued at $196 million and was awarded to US firm Electric Boat. It will be funded by Australia and covers engineering support, technical activities, and design transfer.

Under the 2021 agreement, Australia will acquire nuclear-powered submarines with support from Washington and London, alongside broader military technology cooperation. Canberra has also committed an additional $8 billion over ten years to upgrade shipbuilding and maintenance facilities in Perth for its future submarine fleet.

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Gold Prices Climb by One Percent Amid Declining Oil Prices

London:Gold prices increased by approximately one percent, bolstered by a decline in oil prices as investors anticipate the upcoming US Federal Reserve monetary policy meeting for insights on future interest rate directions.

According to Qatar News …