Egypt Financial News

image of refugee tents on a vast piece of land has become incredibly viral amid the Israel-Hamas War, which is currently at its peak. The image contains a bold text that reads, "All eyes on Rafah," which is currently the home for thousands of Palestinians who have been displaced from the Gaza Strip. Rafah, an area in the south of Gaza, bordering Egypt, was bombed by Israeli forces. This caused the loss of lives of at least 45 civilians, along with many injured, according to an 'NBC' report.

spread widely on social media on May 28 as Israel launched fresh attacks in Gaza. Despite global criticism and a court order to stop the alleged genocide, Israel continues to carry out airstrikes.

Stocks edged higher as markets reopened in Europe and the US with traders looking to inflation prints and central bank speakers for hints on the timing of interest-rate cuts. 

southern Gaza city of Rafah, newswire AFP reported.“The closed-door meeting was requested by Algeria, which is currently a non-permanent member of the council," AFP reported quoting diplomats.Meanwhile, Israeli Prime Minister Benjamin Netanyahu dismissed the attack on Monday as a "tragic mistake." The incident occurred in Rafah, southern Gaza, triggering a fire at a camp where displaced Palestinians had sought shelter. Local officials, as reported by the Associated Press, said that the attack resulted in the deaths of at least 45 people.Also Read: 'Despite our utmost efforts...': Netanyahu calls Israeli strike in Rafah a 'tragic mistake' that killed 45 people“Despite our utmost efforts not to harm innocent civilians, last night there was a tragic mistake," Netanyahu said Monday in an address to Israel’s parliament.

Prime Minister Benjamin Netanyahu was to convene his war cabinet Sunday to discuss the latest efforts towards a Gaza truce and hostage release deal, a senior official told AFP. The news came despite more deadly Gaza fighting and a rocket barrage Hamas aimed at Tel Aviv that sent people scrambling for bomb shelters as air defences intercepted projectiles streaking across the sky. US President Joe Biden has pushed for renewed international efforts to halt the Gaza war, and CIA chief Bill Burns on Friday met Mossad director David Barnea and Qatar's prime minister in Paris.

Hamas representative Osama Hamdan has firmly rejected the notion of engaging in new negotiations with Israel, countering Israeli media reports suggesting a potential revival of talks for a Gaza truce, as reported by Al Jazeera. In a recent telephone interview with Al Jazeera Arabic, Hamdan emphasised that the priority lies in Israel's withdrawal from Gaza and the cessation of all hostilities. «We do not need new negotiations,» he asserted, underlining that Hamas had already acquiesced to a ceasefire proposal, which Israel had rebuffed.

food supplies waiting to enter the Gaza Strip from Egypt have begun to rot as the Rafah border crossing remains shut to aid deliveries for a third week and people inside the Palestinian territory face worsening hunger. Rafah was a main entry point for humanitarian relief as well as some commercial supplies before Israel stepped up its military offensive on the Gazan side of the border on May 6 and took control of the crossing from the Palestinian side.

Bitcoin has achieved all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price.

traffic between Egypt and India, Egyptair is looking to operate daily flights connecting Delhi and Cairo, according to a senior executive. Currently, the Egyptian carrier, which started operations in India more than four decades ago, has nine weekly flights to Cairo. Out of them, five flights are from Mumbai and the remaining four are from the national capital. «We hope to operate daily flights from Delhi to Cairo,» the airline's Country Manager Amr Aly told PTI on Sunday. He said that air traffic between the two countries has improved and there is also transit traffic to other places.

People have long been fascinated with how the Egyptian pyramids were built, floating theories from the construction of expansive causeways to extraterrestrial assistance.

Kyrgyzstan is a favored destination for education, particularly in the medical field, attracting numerous students from the Indian subcontinent, including India, Pakistan, and Bangladesh. As of April 2023, data from various medical universities in Kyrgyzstan shows that around 9,500 students are currently pursuing their studies there, a government report said as quoted by Hindustan Times. The Pakistan embassy mentioned that the situation intensified after videos of a fight between Kyrgyz and Egyptian students on May 13 went viral online on Friday.

At least once a day, a group of American doctors and nurses stranded in Gaza get word that they might be able to leave the enclave. They have waited all week, and that moment hasn’t come. “We’ve come to terms with the fact that we don’t know when we’re leaving," said Dr.

Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S. where data showed slower inflation than markets expected, strengthening the argument for an interest rate cut which could result in even stronger demand. Brent futures rose 42 cents, or 0.5%, to $83.17 a barrel, while U.S. West Texas Intermediate crude (WTI) gained 43 cents, or 0.6%, to $79.06 at 0032 GMT.

A post shared by Paulo Coelho (@paulocoelho) Since the October 7 attacks by Hamas-backed terrorists in Israel and the subsequent bombings in Gaza, pictures depicting violence, helplessness and trauma are all over the internet. But, apart from diplomatic condemnations, the pictures didn't change much reality on the ground as Israel's bombings in Gaza continues and the death toll in the Palestinian territory has crossed a whopping 35,000.

As Israeli military fliers rained down on eastern Rafah warning residents to evacuate ahead of a military operation early this week, Kareem Jouda and his family resolved to stay put even as their neighbors fled. They felt they had nowhere to go. The bombing changed their minds.

Joe Biden has made another verbal gaffe during a recent campaign reception in Portola Valley, California, ANI reported. Biden, made an error in referring to North Korean leader Kim Jong Un as the 'President of South Korea', as per the New York Post. Biden's slip-up occurred while criticising his 2024 opponent and Republican candidate, and former President Donald Trump, for his rapport with the North Korean leader.

Joe Biden said that a ceasefire in the war in Gaza is possible «tomorrow» if Hamas released the hostages in its captivity. He was speaking at a fundraiser event in Seattle on Saturday (local time). «Before I begin, let me answer a question related to the hostages...You know, there would be a ceasefire tomorrow if...Hamas released the hostages, women, the elderly, and the wounded,» Biden said.

ALSO READ: ‘Fight tooth and nail’: Israel vows to fight alone after US warns to curb arms Bodies covered in white lay on the ground in a courtyard of the facility. A man in a baseball cap leaned over one body bag, clasping a dust-covered hand that protruded. The feet of another corpse poked from under a blanket bearing the picture of a large teddy bear.

Also Read: Arjun Kapoor lends support to Delhi boy selling rolls in viral video, netizens say ‘terrible actor, but good human’ According to the report, the relationship trend is based on shared values and interests and people are seeing it as an alternative to traditional marriages. Also Read: Singer Abhijeet Bhattacharya becomes new sensation in Egypt, goes viral. Here's why The report has defined friendship marriage as “a cohabitating relationship based on shared interests and values." As per the trend, people do not marry the person whom they love or share a romantic bond.

₹6.3 crore instead of her student grant of ₹7,600. Unaware of the source of transaction, the woman chose to spend the money on herself. However, her dream quickly turned into a nightmare after her eight-digit bank balance drew government scrutiny and she was jailed on accusation of theft and robbery.

In February 2024, stock prices in three continents hit new highs in a rally that should be of interest to linguists, philologists and others who study languages. Just about 15-18 months ago, Web3, comprising blockchain and crypto technology, was touted as the future and had the attention of venture capitalists—until Generative AI crashed the party. This wave saw Nvidia’s shares soar, as it is a key supplier of chips needed for advanced AI processing.