Egypt Financial News

Hebrew website Mekomit reveals how Israel plans to relocate Palestinians from Gaza to Egypt's Sinai region. First, they would notify northern Gaza residents to move south before a military operation commences, which Netanyahu already did. The operation would then advance from north to south, while keeping Egypt's Rafah crossing empty for easier access.

Oil prices edged higher in early trade on Thursday as the conflict in the Middle East kept investors on edge about whether it could disrupt oil supplies around the region. Brent crude futures rose 38 cents at $85.01 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude futures gained 46 cents at $80.90 a barrel. Iran's Supreme Leader Ayatollah Ali Khamenei called on Muslim states to cease oil and food exports to Israel, demanding an end to its bombardment of the Gaza Strip, state media reported. Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), produced around 2.5 million barrels per day of crude in 2022, according to U.S.

Check all the LIVE updates hereMore foreign nationals prepared to leave the besieged Gaza Strip on Thursday as the enclave's Hamas-run government said at least 195 Palestinians died in Israel's attacks on the Jabalia refugee camp, strikes that U.N. human rights officials said could be war crimes.At least 320 foreign citizens on an initial list of 500, as well as dozens of severely injured Gazans, crossed into Egypt on Wednesday under a deal among Israel, Egypt and Hamas.Israeli ground troops have advanced to “the gates of Gaza City" in heavy fighting with militants, the military said Wednesday, as hundreds of foreign nationals and dozens of seriously injured Palestinians were allowed to leave Gaza after more than three weeks under siege.More than 3,600 Palestinian children were killed in just 3 weeks of the Israel-Hamas war.

Oil prices rose more than 2% on Wednesday ahead of the keenly watched meeting of the U.S. central bank for clues on interest rate policy, while the conflict in the Middle East remains in focus. Brent January crude futures were up about 2.5%, or $2.08, to $87.10 a barrel by 1316 GMT.

Rafah border point. Militant group Hamas, which controls the Palestinian territory, said earlier Wednesday it expected some foreigners and dual nationals to be allowed into Egypt.

war-torn Israel on Friday. The United States and other countries are looking at "a variety of possible permutations" for the future of the Gaza Strip if Hamas militants are removed from control. 1) Secretary of State Antony Blinken will head back to Israel on Friday.

Joe Biden's attendance at COP28 is not confirmed. They cautioned that his schedule is subject to change and not official until announced.

Hanegbi said in a televised briefing on Tuesday there was «no deal in sight» for the release of hostages held in Gaza as Israel continues its ground invasion of the enclave. Hanegbi said attacks against Israel by the Houthi militant group in Yemen were «intolerable» but declined to elaborate when asked what an Israeli response might be. He said Egyptian hospitals should serve as an alternative for treating Gaza casualties, with hospitals in the enclave under pressure and suffering power cuts, but said Israel understood Egypt's concern about an influx of Palestinian refugees. Hanegbi said the Israeli military's focus was on fighting Hamas militants in northern Gaza, but that it would shift to the southern part of the strip at a later stage.

Gaza Strip on Monday, reaching built-up areas as the U.N. and medical staff warned that airstrikes are hitting closer to hospitals, where tens of thousands of Palestinians have sought shelter alongside thousands of wounded. The increasing ground operations came a day after 33 trucks carrying food, medicine and other supplies entered Gaza from Egypt, the largest convoy of humanitarian aid since the war between Israel and Hamas began.

Associated Press reported.According to a report by the AP citing a spokesperson at the Rafah crossing, 33 trucks of aid entered the only border crossing from Egypt.Read all the latest Israel-Gaza War Live Updates here.Israel must protect innocent Gaza residents by distinguishing between Hamas militants and civilians, the White House warned Sunday, as world leaders stepped up calls for desperately needed humanitarian aid to reach the war-torn Palestinian territory.Israel has intensified its air and ground operations against Hamas in Gaza following a bloody attack by the Palestinian militant group more than three weeks ago that Israeli authorities say killed at least 1,400 people, mostly civilians. (AFP)Israel's military scoured the country's south for Hamas fighters and guarded breaches in its border fence with tanks on Monday, as it pounded the Gaza Strip from the air and mustered for a campaign its prime minister said would destroy “the military and governing capabilities" of the militant group.More than two days after Hamas launched its unprecedented incursion from Gaza, the military said the fighting had largely died down for now.The attack caught Israel's vaunted military and intelligence apparatus completely off guard, bringing heavy battles to its streets for the first time in decades.

Associated Press citing a spokesperson at the Rafah crossing, 33 trucks of aid entered the only border crossing from Egypt. Citing humanitarian workers, the report also said that the assistance still fell desperately short of needs after thousands of people broke into warehouses to take flour and basic hygiene products. The aid warehouse break-ins were “a worrying sign that civil order is starting to break down after three weeks of war and a tight siege on Gaza," said Thomas White, Gaza director for the UN agency for Palestinian refugees, known as UNRWA.

Narendra Modi unveiled this ambitious project on 9 September during the G-20 summit in New Delhi. It has the potential to change face of Asia and Europe through the building of transport and communication links via rail, road, and the sea. Along with the US, Saudi Arabia, UAE, the EU, Italy, France, and Germany have signed a Memorandum of Understanding for this project.

By Gabrielle Tétrault-Farber

AP quoted a UN agency as saying on Sunday. The United Nations noted the growing desperation and the breakdown of public order, following the war between Israel and Gaza's militant Hamas rulers. Over the weekend, tanks and infantry were pushed into Gaza by Israeli Prime Minister Benjamin Netanyahu as he announced a “second stage" in the war.

Gaza residents in the ongoing Israel-Hamas war that has killed over 1,400 Israelis, and nearly 8,000 people in Gaza. “You must remember what Amalek has done to you, says our Holy Bible. 1 Samuel 15:3 ‘Now go and smite Amalek, and utterly destroy all that they have, and spare them not; but slay both man and woman, infant and suckling, ox and sheep, camel and ass’," Netanyahu said.

Israel Defence Force (IDF) on Sunday said that they were heading towards a new phase of the ongoing war on Hamas and will launch an assault from land, sea and air in Gaza. «The Israel Defence Forces is expanding its operations. We are moving to the next phase of our war against Hamas, Gaza from the air, land and Sea. On October 7, the Hamas committed a crime against humanity.

Gaza to move to the south of the besieged territory, where it said humanitarian efforts «will be expanding». «Civilians in northern Gaza and Gaza City should temporarily move south of Wadi Gaza to a safer area where they can receive water, food and medicine,» IDF spokesperson Daniel Hagari said in a statement recorded on Saturday. «Tomorrow, the humanitarian efforts to Gaza, led by Egypt and the United States, will be expanding,» he added. Although the video was posted on X, formerly Twitter, early Sunday morning, another IDF spokesperson told AFP that the video had been recorded on Saturday, and confirmed the humanitarian efforts would be expanding on Sunday. Israel unleashed a massive bombing campaign after Hamas gunmen stormed across the Gaza border on October 7, killing 1,400 people, mostly civilians, and seizing 230 hostages, according to Israeli officials. Since then, relentless Israeli strikes on Gaza have killed more than 8,000 people, half of them children, the Hamas-controlled health ministry in the territory said Saturday. Despite increasingly frantic appeals for an end to the violence, Israel says it is intensifying its ground operations, while continuing to pummel Gaza from the sky. Hamas authorities reported Sunday a «large number» of people killed overnight in strikes on two refugee camps in northern Gaza. Israel's Home Front Command earlier warned residents in the southern cities of Ashdod and Ashkelon of incoming missile and rocket attacks.

Narendra Modi has spoken with Egyptian President Abdel Fattah El-Sisi and exchanged views on the deteriorating security and humanitarian situation in West Asia. After his telephonic conversation with Sisi, Modi said that «we share concerns regarding terrorism, violence and loss of civilian lives».

Narendra Modi dialed Egyptian President Abdel Fattah al-Sisi on the ongoing war between Israel and Hamas in Gaza. Sharing details of his conversations with the Egyptian President on his social media handle, PM Modi said both leaders shared concerns over the scourge of terrorism and the loss of civilian lives amid the ongoing Israel-Hamas conflict. Also read: PM Netanyahu says ‘do or die’ as Israel-Gaza war enters ‘long and difficult’ second stage "Yesterday, spoke with President @AlsisiOfficial.

Egypt's President Abdel Fattah al-Sisi on Saturday urged all to respect Egypt's sovereignty and position in the region following incidents on Friday where drones fell on two Egyptian Red Sea towns. Egyptians should feel safe and the army is able to protect the country, Sisi said at a manufacturing expo in Cairo.

Middle East which could disrupt oil supplies, after reports that the U.S military had struck Iranian targets in Syria. Brent crude futures for December rose 93 cents or roughly 1.1%, to $88.86 a barrel by 1254 GMT.