Egypt Financial News

Israel-Gaza war news: The war between Benjamin Netanyahu's Israel and Hamas fighters from Gaza has entered its 21st day. Risks of regional spillover causing a full-fledged Middle east war haunts global power structure as blasts hit two Egyptian towns.

By Natalie Grover

United Nations Secretary-General António Guterres revealed the establishment of a 39-member advisory committee aimed at tackling matters related to the global regulation of artificial intelligence (AI) on Oct. 26.

The price of Bitcoin (BTC) has notched new all-time highs against some of the world’s most inflationary fiat currencies.

₹1,205.4 crore for the September quarter, up 54% from ₹782.7 crore a year ago, despite flat revenue growth. Its revenue rose a mere 0.3% to ₹8,478.57 crore during the quarter under review, primarily due to sluggish demand, a delayed festive season as well as erratic monsoon rains. “Erratic monsoon impacted market sentiment potentially leading to deferment of sale to October given the late Diwali this year.

Also Read: Israel releases 'never-before-seen' video of IDF soldiers killing Hamas militants and saving hostages | Watch 5. A rocket launched in the Israel-Hamas conflict struck an Egyptian town on the border with Israel on Thursday, resulting in five people sustaining injuries, as reported AFP citing local media. 6.

Economic crises are rippling through the countries bordering Israel

Rishi Sunak has urged for a 'specific pause' in the Israel-Hamas conflict in order for humanitarian aid to reach Gaza safely for those who are suffering without food, water, or medicine. However, the Prime Minister also mentioned that the idea was 'distinct' from a ceasefire. Further, Sunak also said that he understands the aid agencies require a 'safe environment' to help people living in Palestine.

The war between Israel and Hamas is adding more tension in a world already riled with unrest, according to the head of the International Monetary Fund.

1 per cent week-on-week gains for the last two weeks, on the possibility of supply disruption in the Middle East — the world's biggest oil-supplying region — if the conflict were to spread. Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a November 17 expiry, were last trading 2.08 per cent lower at ₹7,213 per bbl, having swung between ₹7,213 and ₹7,343 per bbl during the session so far, against a previous close of ₹7,366 per barrel. Also Read: Domestic crude oil production at 2.4 MMT in September, imports rise 6.1% YoY: PPAC -The intensification of diplomatic efforts to prevent the Israel-Hamas conflict from further escalation could have calmed oil prices on Monday.

Israel and Palestinian militant group Hamas even as some member governments signalled reservations about the idea. Josep Borrell, the EU's foreign policy chief, said he backed a call by U.N. Secretary-General Antonio Guterres for a break in the conflict to allow much more humanitarian aid to reach Palestinian civilians in the besieged Gaza Strip. EU officials also drafted a statement in support of the proposal for an EU summit later this week, although they cautioned the text could still change in the coming days. The moves reflected increasing alarm about the fate of Palestinian civilians after two weeks of Israel bombarding and blockading Gaza in response to the Oct.

Israel is determined to crush Hamas but has said little about what would replace its rule in Gaza after the war, with observers expecting Washington will play a decisive role. «One thing is clear: the Gaza Strip will not be ruled by Hamas once this war is over,» Israeli government spokesman Eylon Levy told AFP as Israel's military steps up strikes in preparation for a widely-expected ground offensive.

Elections are shining a spotlight on struggling emerging markets, with the prospect of fresh leadership unlocking opportunities in the asset class.

firepower. Israeli warplanes are striking targets across Gaza ahead of an expected ground offensive in the besieged Hamas-ruled territory. Fears of a widening war have grown as Israel struck targets in the occupied West Bank, Syria and Lebanon and traded fire with Lebanon's Hezbollah militant group.

fires. Civilians have been evacuated and soldiers in helmets guard the junctions. Every hour or so, Hizbullah missiles explode inside the border, and Israel launches a counter-barrage aimed at the Iran-backed militia.

«Good to see my friend DG @iaeaorg @rafaelmgrossi today. Congratulated him on his reappointment.

By Mohi Narayan

Roy Greene Show on Saturday that the current conflict “all goes back to Iran — no question.” He said Iran provided up to 90 per cent of the weaponry used in Hamas’ attack on Israel and trained the militants.“Iran wants a Middle East — a region — that is tumultuous, chaotic, unsettled, insecure, violent,” he said. “That way they can manipulate it to their heart’s desire.”Hillier warned that Iran could trigger a wider regional conflict.“I do worry about the fact we could have a regional war without question,” he said.U.S.

IAEA) Director General Rafael Grossi on Monday arrived in India on an official visit. «A warm welcome to DG @iaeaorg @rafaelmgrossi as he arrives on his first visit to India as Director-General of IAEA. His visit will further strengthen India-IAEA ties across diverse sectors,» Ministry of External Affairs Official Spokesperson Arindam Bagchi wrote on 'X'. The IAEA is a centre for cooperation in the nuclear field and seeks to promote the safe, secure and peaceful use of nuclear technologies, as per the IAEA's official website. Grossi assumed office as the IAEA's sixth Director General on December 3, 2019.

Oil prices eased on Monday as aid convoys started to arrive in the Gaza Strip over the weekend amid diplomatic efforts to contain a conflict between Israel and the Palestinian Islamist group Hamas from spreading to the wider oil-rich region. Brent crude futures fell 60 cents to $91.56 a barrel and U.S. West Texas Intermediate crude futures lost 61 cent to trade at $87.47 a barrel at 0038 GMT. For the past week, contracts rose more than 1% for a second consecutive weekly jump, on fear of potential supply disruption if the Israel-Hamas war grows into a wider confrontation in the Middle East, the world's biggest oil-supplying region. «Israel agreed to hold off its attack on Hamas following pressure from the U.S.,» ANZ Research said in a client note.

Rafah border point on Sunday, even as Israel stepped up airstrikes on Gaza, including one it said killed the deputy head of the Hamas regional artillery array. The UN Relief and Works Agency serving Palestinian refugees said it would “run out of fuel, critical for our humanitarian response across the Gaza Strip” in three days and that the aid convoys rolling into Gaza were “far from enough,” according to a statement. UNRWA Commissioner-General Philippe Lazzarini called on all parties to immediately allow fuel supplies into Gaza. “Without fuel, there will be no humanitarian assistance,” he said. The agency is currently hosting more than half a million people out of nearly 1 million displaced across the Gaza Strip.