Egypt Financial News

China believes “force is not a way to resolve” the IsraeliPalestinian conflict and is once again calling for a ceasefire, its envoy for the Middle East pleaded in Egypt, the foreign ministry said Sunday. Egypt on Saturday hosted a “summit for peace” where UN Secretary-General Antonio Guterres called for swift “action to end this godawful nightmare” after two weeks of war between Israel and the Palestinian Islamist movement Hamas. Beijing’s envoy for the Middle East, Zhai Jun, met Arab League chief Ahmed Aboul Gheit on the sidelines of the summit. The Chinese diplomat called for an «immediate ceasefire and an end to the fighting as quickly as possible», his ministry said in a statement.

medical aid and 32 tonnes of disaster relief materials have been sent to Palestine that will reach Gaza via Egypt, days after Prime Minister Narendra Modi spoke to Palestinian Authority President Mahmoud Abbas to reiterate India's long-standing position on the Palestinian question. Taking to X, external affairs ministry spokesperson Arindam Bagchi wrote on Sunday, «An IAF C-17 flight carrying nearly 6.5 tonnes of medical aid and 32 tonnes of disaster relief material for the people of Palestine departs for El-Arish airport in Egypt.» The items will be sent to Palestine via the Rafah border crossing between Egypt and Gaza. Bagchi informed that the humanitarian aid includes «essential life-saving medicines, surgical items, tents, sleeping bags, tarpaulins, sanitary utilities, water purification tablets, among other necessary items». India's aid to Palestine comes three days after the PM spoke to Abbas. During their conversation on Thursday, Modi had said that India would keep sending humanitarian assistance to the Palestinians.

Gaza as the army bombards the Palestinian enclave. The Egyptian military said the blast had caused «minor injuries» but did not give details. «The IDF (Israeli military) expresses sorrow regarding the incident» near the Kerem Shalom area, an army statement said. «The incident is being investigated and the details are under review,» the statement added. The Egyptian army said Israel had «immediately expressed its regret over the unintentional incident and an investigation is underway». Egyptian media said the Israeli strike would not disrupt the passage of aid to Gaza, citing witnesses. Since Saturday, 37 trucks carrying vital supplies have crossed to Gaza through its Rafah border post with Egypt, which lies around three kilometres (two miles) from Israel. Crossings between Gaza and Israel have been shut since the outbreak of war on October 7. The United Nations has estimated about 100 trucks per day are needed to meet the needs of Gaza, where more than 4,650 people have been killed in Israeli strikes, according to the Hamas government. The bombardment follows attacks by Hamas militants which killed more than 1,400 people in Israel.

CAIRO (Reuters) — An explosion and the sound of ambulances were heard near the Rafah crossing between Egypt and the Gaza Strip on Sunday afternoon, shortly after a second aid convoy had entered the crossing from the Egyptian side, witnesses said.

Strip through the Rafah border crossing, on the second day of its opening, Times of Israel reported on Sunday. The convoy comes a day after 20 trucks carried medical aid, food and water into the Palestinian enclave. Notably, it was the second aid shipment into the Strip since the horrific Hamas attack on Israel on October 7. The aid entered the Strip ahead of Israel's looming ground offensive and as the IDF continued to carry out airstrikes on terror targets. The Rafah border crossing was opened for a short window on Saturday morning to let 20 aid trucks enter Gaza from Egypt. Though many have welcomed the brief reopening, rights groups have asserted that much more aid is needed. The United Nations has estimated about 100 trucks per day are needed to meet the needs of Gazans. The trucks carrying humanitarian aid to deliver to Gaza only carried food, water, and medical supplies but no fuel, CNN reported. Thirteen trucks were carrying medicine and medical supplies; five were loaded with food; and two were transporting water, said the Egyptian authorities at the Rafah crossing. Meanwhile, the number of confirmed hostages abducted and held in Gaza since the shock assault rose to 212. Earlier in the day, the Israel Defense Forces said that it carried out an airstrike against a Hezbollah position in southern Lebanon in response to anti-tank guided missile attacks on northern Israel earlier today, Times of Israel reported. Meanwhile, IDF spokesman Rear Adm.

Gaza overnight and into Sunday, as well as two airports in Syria and a mosque in the occupied West Bank allegedly used by militants, as the two-week-old war with Hamas threatened to spiral into a broader conflict. Israel has traded fire with Lebanon's Hezbollah militant group on a near-daily basis since the war began, and tensions are soaring in the Israeli-occupied West Bank, where Israeli forces have battled militants in refugee camps and carried out two airstrikes in recent days.

Gaza remains one of the world's top flashpoints. In a region characterised by political instability, fratricidal conflict, and geopolitical tensions, Gaza holds its own special niche, for its 4,000-years-old history predates the current Israel-Arab tensions of the 20th century. Its position as a key land bridge between Asia and Africa led to it becoming a constant battleground over the centuries and witnessing repeated cycles of destruction and revival. Across the centuries, the tread of Alexander the Great's Macedonian phalanxes and two centuries later, of the Roman legions, the pounding gallop of the Crusaders, the center of Mongols' mounted archers, Napoleon's Frenchmen, the British (bolstered by their Indian Army contingents including the Hyderabad and Mysore Lancers, as well as the Australian Light Horse) echoed in the region. Yet Gaza was not always an epicentre of battles and conflict — and spent long periods of prosperity and renown as a trading hub and seat of culture and learning. The first records of human habitation in Gaza dates to the Bronze Age in 3300-3000 BC when the Ancient Egypt built a fortress at a site south of present day Gaza City amid trade with what is now Israel. There were several spells of existence, destruction, and revival in the epoch and human settlements finally ceased to exist at the end of Bronze Age (c.

IAF C-17 flight carrying nearly 6.5 tonnes of medical aid and 32 tonnes of disaster relief material for the people of Palestine departed for El-Arish airport in Egypt on Sunday from Ghaziabad's Hindon Air Base. The material includes essential life-saving medicines, surgical items, tents, sleeping bags, tarpaulins, sanitary utilities, water purification tablets among other necessary items. Ministry of External Affairs' Arindam Bagchi posted pictures of the IAF flight carrying the goods and informed about the mission on X.

Israel-Palestine conflict must be built on a two-state solution. This came during the first session of what was billed by Egypt as the Cairo Peace Summit which aims to find ways to prevent the war between Israel and Hamas. Arab presidents, royalty, and top officials from the Middle East, Europe, Asia, Canada, and Brazil were on hand.

By Michelle Nichols

The draft text, seen by Reuters, calls for the protection of civilians — including those who are trying to get to safety — notes that states must comply with international law when responding to «terrorist attacks», and urges the «continuous, sufficient and unhindered» delivery of aid to the Gaza Strip. It was not immediately clear if or when the United States planned to put the draft resolution to a vote. To pass, a resolution needs at least nine votes in favor and no vetoes by Russia, China, the United States, France or Britain.

Defense Forces are known to be one of the most equipped militaries across the globe. Its annual budget exceeds $20 billion and Israel also has access to America’s high-tech equipment. Moreover, the cyber capabilities of Israel’s military is also commendable. It is to note that the military arm of Hamas has decreased dependency on guerrilla-warfare style strategy including rockets, snipers and explosive devices, as per Axios report.

By Nidal al-Mughrabi and Aidan Lewis

By Aidan Lewis and Nafisa Eltahir

By Aidan Lewis

Israel-Hamas war becoming a wider conflict. Egyptian President Abdel-Fattah El-Sisi said he'd agreed with US President Joe Biden that the Rafah crossing should be open “sustainably.” The Israeli Defense Force said it was responding with live fire on Saturday to a number of launches made toward Israel by Lebanon. Lebanon's state-run National News Agency reported earlier that Israel's military struck a village near the countries' border. Switzerland's top prosecutor announced the start of a criminal investigation into alleged payments made to Hamas weeks before the attacks on Israel, the Swiss public broadcaster reported on Saturday. Attorney General Stefan Blaettler said the accusation centers on financial support to a terrorist organization, while declining to say who the proceedings are directed against. Egypt opened its crisis summit in Cairo with the leaders of Italy, Qatar, the United Arab Emirates, Jordan and South Africa among those on hand, as well as senior officials from the EU, Turkey, Russia and China.

snapped food, water and power supplies to the besieged Gaza Strip since October 8, to retaliate against the raids carried out by Hamas fighters in southern Israel on October 7. The aid trucks “do not have enough supplies" for even one school in Gaza, a Palestinian spokesperson for the Rafah border crossing said, as per a CNN report. The news channel, however, noted that it could not verify the claim.

Anas Baba and Menna Farouk contributed to this article. Write to Summer Said at [email protected] and Chao Deng at [email protected]"Exciting news! Mint is now on WhatsApp Channels

The Times of Israel reported. Citing senior diplomatic sources, The Times of Israel reported that both governments acknowledge a high probability of a ground invasion by Israel.

climate «loss and damages» ahead of COP28 ended in failure Saturday, with countries from the global north and south unable to reach an agreement, according to sources involved in the talks. The agreement to set up a dedicated fund to help vulnerable countries cope with climate «loss and damage» was a flagship achievement of last year's COP27 talks in Egypt. But countries left the details to be worked out later.

Egypt and Gaza opened on Saturday to let desperately needed aid flow to Palestinians running short of food, medicine and water in the territory that is under an Israeli siege. More than 200 trucks carrying roughly 3,000 tonnes of aid had been positioned near the crossing for days before heading into Gaza. An Associated Press reporter saw the trucks entering.