Egypt Financial News

United Nations chief Antonio Guterres on Monday deplored how the U.N. Security Council had failed to respond adequately to the Israel-Hamas conflict in Gaza and Russia's invasion of Ukraine, saying the conflicts had «perhaps fatally» undermined its authority. Speaking at the opening of the U.N. Human Rights Council in Geneva, Guterres said the U.N. Security Council often found itself deadlocked and «unable to act on the most significant peace and security issues of our time». «The Council's lack of unity on Russia's invasion of Ukraine, and on Israel's military operations in Gaza following the horrific terror attacks by Hamas on 7 October, has severely — perhaps fatally — undermined its authority,» he said.

Israel's military proposed a plan Monday for «evacuating» civilians from the Gaza Strip, after Prime Minister Benjamin Netanyahu said a ground invasion of the Palestinian territory's southern city Rafah was necessary for «total victory». Foreign governments and aid organisations have repeatedly expressed fears that such an operation will inflict mass civilian casualties in Rafah, where around 1.4 million Palestinians — most of them displaced from other areas — have converged. It is also the entry point for desperately needed aid, brought in via neighbouring Egypt.

By Colleen Howe

southernmost city of Rafah could be “delayed somewhat" if a deal is reached for a weekslong cease-fire between Israel and Hamas. He further claimed that total victory in the territory would come within weeks once the offensive begins in Rafah as four of the six remaining Hamas battalions are concentrated there. Thus, Israel is set to undertake plans to expand its offensive against the Hamas militant group to Rafah on the Gaza-Egypt border even as humanitarian groups have warned of a catastrophe.

Israeli military offensive in the southernmost city of Rafah could be «delayed somewhat» if a deal for a weekslong cease-fire between Israel and Hamas is reached, Prime Minister Benjamin Netanyahu said on Sunday, but claimed that total victory in Gaza is «weeks away» once the offensive begins. Netanyahu confirmed to CBS that a deal is in the works, with no details. Israeli media reported that mediators were making progress on an agreement for a cease-fire and release of dozens of hostages held in Gaza as well as Palestinians imprisoned by Israel. Several Israeli media outlets, citing unnamed officials, said the War Cabinet tacitly approved it. Talks resumed on Sunday in Qatar at the specialist level, Egypt's state-run Al Qahera TV reported, citing an Egyptian official as saying further discussions would follow in Cairo with the aim of achieving the cease-fire and release. Meanwhile, Israel is developing plans for expanding its offensive against the Hamas militant group to Rafah on the Gaza-Egypt border, where more than half the besieged territory's population of 2.3 million have sought refuge.

United States said Sunday that multinational talks in Paris came to an «understanding» on a possible deal for Hamas to release hostages and for a new ceasefire in the Gaza war. An Israeli delegation led by Mossad chief David Barnea was in the French capital on Friday to discuss a deal to ensure a fresh ceasefire and the release of hostages held by Hamas in Gaza in exchange for Palestinian prisoners held by Israel.

By Dan Williams and Nidal al-Mughrabi

town of Rafah, Palestinians cling to life amid the grinding war with Israel. A barefoot boy wears a pot on his head and beams a smile. A child lugs a jerry can half his size full of water. Men sit at half-empty tables selling canned goods. A tapestry of laundry hangs from every line.

Also Read: Shahid Kapoor and Kriti Sanon's film delivers 3 eye-opening money lessons you can't afford to miss You know that ancient Egyptians, Indians, Chinese as well as the Greeks used the decimal system to calculate numbers. The Mayans used lines and dots, the Chinese depicted numbers with bamboo sticks placed horizontally and vertically in boxes leaving the box empty to say zero! No matter how you count, the number ‘1’ has given us a system of column by column calculations. The binary system uses ones and zeroes.

Reuters, Israel aims to maintain security control over all land west of Jordan. This includes the occupied West Bank and Gaza - the territories where the Palestinians hope to establish an independent state. Besides, Netanyahu's plan also suggested way to replace Hamas rule in Gaza while maintaining public order.

Israel's war on Hamas in the Gaza Strip. But the Houthis' targets have grown more random since their attacks began in November, endangering a vital waterway for cargo and energy shipments traveling from Asia and the Middle East onward to Europe. The attack Thursday in the Gulf of Aden saw two missiles fired at a Palau-flagged cargo ship named Islander, the U.S.

Yemen’s Houthi rebels have launched attacks on both Israel and a ship traveling through the Gulf of Aden

₹162-171 per share for its ₹235 crore initial public offering (IPO). The issue will open for subscription on February 27 and close on February 29. The IPO is completely a fresh equity sale of 1.37 crore shares with no offer-for-sale component.

₹1.64 trillion for fertilizer subsidy. India already has entered into long-term agreements with Morocco, Senegal, Israel, Oman, Canada, Saudi Arabia and Jordan in the past two years as part of this playbook. Though India is moving toward gaining self-sufficiency in urea, it still depends on imports to meet its rock phosphate demand.

ceasefire in Gaza amid the Israel-Hamas conflict, Reuters reported. The resolution, put forward by Algeria, sought an immediate humanitarian ceasefire, while the US has pressed for a temporary ceasefire tied to the release of hostages held by Hamas.

Israel-Hamas war: Benny Gantz, a minister of Israel's war cabinet has warned Hamas that they must return all the hostages by March 10 or Israeli forces will launch a ground invasion in Rafah. The warning came as the 1.5 million Palestinians in Gaza are seeking refugee in Rafah, a small city close to the Egypt border. The international agencies have raised concerns that any attack on Rafah will lead to a “massacre." The death toll in Israeli strikes on Gaza has crossed 28,000 and the peace proposals moved by Egypt, Qatar, and the United States are not creating much movement on the ground.

A small sewing workshop making cloth diapers with cotton padding in Gaza's crowded city of Rafah is helping desperate parents with babies afford a basic necessity

Israel will launch its long-threatened offensive against Rafah next month if Hamas has not freed the remaining hostages held in Gaza by the start of Ramadan, Israeli war cabinet member Benny Gantz said. «The world must know, and Hamas leaders must know — if by Ramadan our hostages are not home, the fighting will continue everywhere, including the Rafah area,» Gantz, a retired military chief of staff, told a conference of American Jewish leaders in Jerusalem Sunday. Ramadan, the Muslim holy month, is expected to begin on March 10.

veto. Algeria, the Arab representative on the council, put the draft resolution in a final form that can be voted on. Council diplomats, speaking on condition of anonymity because they weren’t authorized to speak publicly, said the vote will take place Tuesday morning. In addition to a ceasefire, the final Algerian draft, obtained by The Associated Press, reiterates council demands that Israel and Hamas “scrupulously comply” with international law especially the protection

Benjamin Netanyahu responded on February 17 to rising appeals from world leaders to avoid a ground operation in Rafah, remarking that doing so would mean «losing the war against Hamas,» as reported by The Times of Israel. «Those who want to prevent us from operating in Rafah are essentially telling us: 'Lose the war.' I won't let that happen,» he vowed at an evening press conference in Jerusalem. «We won't capitulate to any pressure,» he said.

United Nations Security Council is likely to vote on Tuesday on an Algerian push for the 15-member body to demand an immediate humanitarian ceasefire in the Israel-Hamas war, said diplomats, a move the United States signaled it would veto. Algeria put forward an initial draft resolution more than two weeks ago. But U.S. Ambassador to the U.N. Linda Thomas-Greenfield quickly said the text could jeopardize «sensitive negotiations» aimed at brokering a pause in the war.