Egypt Financial News

Israel has sent negotiators for truce talks in Cairo as requested by US President Joe Biden but they did not go back for further talks because Hamas' demands were "delusional," Prime Minister Benjamin Netanyahu said on Saturday. Netanyahu also said Israel would not give in to «international dictates» regarding a statehood agreement with the Palestinians, which he said could only be reached through direct negotiations without preconditions.

MUNICH (Reuters) — Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said on Saturday the pattern of negotiations for a framework ceasefire deal for the conflict between Israel and Hamas in Gaza was «not very promising» in recent days.

As Israel-Hamas cease-fire talks flounder, Israel is vowing to press ahead with its offensive in the southern Gaza Strip despite warnings from the US to work harder to protect civilians. Violence spiked across the volatile Israel-Lebanon border. This is what happened in the Middle East this week.

two-state solution in the Mideast, but as part of a negotiated settlement. With talks long stalled and Israel's offensive against Hamas in Gaza deepening, some European countries are voicing support for recognising a Palestinian state sooner. "Recognising a Palestinian state is not a taboo for France," Macron said Friday at a meeting in Paris with Jordan's King Abdullah.

Retired U.S. Army Blackhawk helicopter pilot Lt. Col. Darin Gaub says the only hope to mitigate conflict in the Middle East is for Israel to uphold its defense.

Turkish state media say authorities have detained four people in connection with a massive landslide that engulfed a gold mine in eastern Turkey, leaving at least nine workers missing

World Health Organization on Wednesday warned that an Israeli military offensive against Rafah in southern Gaza would cause an «unfathomable catastrophe» and push the enclave's health system closer to the brink of collapse. «Military activities in this area, this densely populated area, would be, of course, an unfathomable catastrophe… and would even further expand the humanitarian disaster beyond imagination,» said Richard Peeperkorn, WHO representative for Gaza and the West Bank.

Israeli ground invasion of Rafah in the Gaza Strip, saying an offensive could «lead to a slaughter» in the southern region of the Palestinian enclave where more than 1 million people are sheltering. Israel says it wants to flush out Hamas militants from hideouts in Rafah and free Israeli hostages being held there, and is making plans to evacuate trapped Palestinian civilians. «Military operations in Rafah could lead to a slaughter in Gaza. They could also leave an already fragile humanitarian operation at death's door,» said U.N. aid chief Martin Griffiths. «We lack the safety guarantees, the aid supplies and the staff capacity to keep this operation afloat.

Joe Biden said he's pushing for a six-week pause in fighting between Israel and Hamas to allow for the release of hostages, saying that could lay the groundwork for broader peace. Such a pause «would bring an immediate and sustained period of calm into Gaza for at least six weeks, which we could then take the time to build something more enduring,» Biden said Monday following a meeting with Jordan's King Abdullah II at the White House.

Biden told Prime Minister Benjamin Netanyahu on Sunday that Israel should not proceed with a military operation in Rafah without a plan to ensure the safety of the roughly 1 million people sheltering there, the White House said. Biden's call with Netanyahu happened days after the U.S. leader told reporters that Israel's military response in the Gaza Strip was «over the top,» reflecting growing concern and frustration over the rising death toll of civilians in the Palestinian enclave. The U.S. president reaffirmed the shared goal of seeing Hamas defeated and ensuring the long-term security of Israel, but also called for «urgent and specific steps» to increase the throughput and consistency of humanitarian aid to Palestinian civilians trapped in Gaza, the White House said in a statement.

Democrats have been reassuring themselves that President Biden’s cognitive decline is no obstacle to his re-election, but perhaps this week will be a tipping point. Special counsel Robert Hur’s report about the President’s failure to recall basic facts of his life and Mr. Biden’s multiplying public lapses are ample reason for urging him to withdraw from the 2024 race.

Israeli airstrikes killed at least 44 Palestinians — including more than a dozen children — in the southern Gaza city of Rafah on Saturday, hours after Israel's prime minister said he had asked the military to plan for the evacuation of hundreds of thousands of people there ahead of a ground invasion. Benjamin Netanyahu did not provide details or a timeline, but the announcement set off panic and warnings from diplomats. More than half of Gaza's 2.3 million people are packed into Rafah, many after following Israeli evacuation orders that now cover two-thirds of the territory. It's not clear where they could run next.

Israeli Prime Minister Benjamin Netanyahu says he has ordered the military to prepare a plan to evacuate the population of Rafah ahead of an expected Israeli invasion of the southern Gaza town. Netanyahu made the announcement Friday following international criticism of Israel's plan to invade the crowded town on Egypt's border. Israel says Rafah is the last remaining Hamas stronghold and it needs to send in troops to complete its war plan against the Islamic militant group. But an estimated 1.5 million Palestinians have crammed into the town after fleeing fighting elsewhere in Gaza. Netanyahu said a «massive operation» is needed in Rafah. He said he asked security officials to present a «double plan» that would include the evacuation of civilians and a military operation to «collapse» remaining Hamas militant units.

By Ahmad Ghaddar

The U.N. trade body sounded an alarm Thursday that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal

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China, the world's biggest exporter, says it is deeply concerned about tensions in the Red Sea that have upended global trade by forcing many shippers to avoid the Suez Canal

HBR) piece deals with the rise of a new type of urban conglomeration, meta cities. It elaborates its features: Resurrected residentials During Covid, many predicted the death of global cities because many residents retreated to suburbs and small towns to work remotely.

Gaza when Israeli hostages and Palestinian prisoners would be released, sources told Reuters, as Israel pressed ahead with its assault on southern Gaza's main city. Qatar, the US and Egypt have for weeks shuttled between Israel and the militant group that runs Gaza trying to broker terms for a break in fighting, which would also allow in more food and medical supplies. But the two sides remain at odds over how to permanently end the Gaza war, which Hamas insists must be decided as part of any ceasefire agreement, the sources said. Israeli spokesperson Eylon Levy said on Tuesday there would be no ceasefire that left Hamas in power and hostages in Gaza, following the militant group's cross-border rampage on Oct.

RIYADH : Saudi Arabia is preparing to open its first alcohol store in the capital Riyadh which will serve exclusively non-Muslim diplomats, according to a source familiar with the plans and a document. Customers will have to register via a mobile app, get a clearance code from the foreign ministry, and respect monthly quotas with their purchases, said the document, which was seen by Reuters. The move is a milestone in the kingdom's efforts, led by Saudi Crown Prince Mohammed bin Salman, to open the ultra-conservative Muslim country for tourism and business as drinking alcohol is forbidden in Islam.

ceasefire, but the framework plan is being held up by the two sides' differences over how to bring a permanent end to the Gaza war, three sources said. Intense mediation efforts led by Qatar, Washington and Egypt in recent weeks have focused on a phased approach to release different categories of Israeli hostages — starting with civilians and ending with soldiers — in return for a break in hostilities, the release of Palestinian prisoners and more aid to Gaza.