Egypt Financial News

Investing.com — U.S. Secretary of State Antony Blinken seeks to limit the extent of the conflict in the Middle East, while the focus on Wall Street turns to the new quarterly corporate earnings season. Rite Aid has filed for bankruptcy while crude prices consolidate after recent hefty gains.

₹17 apiece, which is around ₹4.70 per share higher from IFL Enterprises share price today. After the outbreak of this stock market news, IFL Enterprises share price witnessed heavy buying interest among Dalal Street bulls. IFL Enterprises share price today opened upside and went on to hit intraday high of ₹13.25 apiece on BSE, logging an intraday gain of near 17 per cent within few minutes of stock market's opening bell today.

Gold rate today: Amid ease in Middle East tension after announcement of ceasefire in south Gaza by US, Egypt and Israel, gold price rally took a pause during morning deals and opened lower at ₹59,209 per 10 gm levels. Gold price drifted further down after weak opening and hit intraday low of ₹58,944 levels.

Israel to occupy the Gaza Strip again would be a «big mistake,» US President Joe Biden said in an interview released on Sunday, as Israeli troops prepared for a ground invasion. Israel, seeking vengeance for an attack by Hamas on October 7, has declared war on the militant group, launching a relentless bombing campaign and warning more than a million people in northern Gaza to move south ahead of the operation. Asked by CBS news program 60 Minutes if he would support any occupation of Gaza by the American ally, Biden replied: «I think it'd be a big mistake.» Hamas «don't represent all the Palestinian people,» he continued. But invading and «taking out the extremists» is a «necessary requirement,» he added. The Hamas attack saw fighters shoot, stab and burn to death more than 1,400 people, most of them civilians.

An Israel Defense Forces official says Hamas is “trying to prevent” people from fleeing Gaza, as civilians try to seek safety ahead of an expected Israeli ground offensive.

fertiliser to more than double over the past year, but he is bitterly aware of the consequences. At his farm in northeastern Nigeria, he can no longer afford enough fertiliser, so his corn is stunted and pale, the scraggly plants bending toward the powdery earth. Inside his mud house, he has grown accustomed to explaining to his two young children and pregnant wife why they must make do with two meals a day — and sometimes only one — even as hunger gnaws. As he and his neighbours commiserate over the calamity unfolding across much of Africa, they exchange theories on one source of trouble: Russia's war on Ukraine, which disrupted shipments of key ingredients for fertiliser. «We are in two different worlds, separated by airplanes and oceans,» Chubado said.

Also read: Israel-Hamas war: Shocking video of Israelis urinating on dead Palestinians surfaces on internet 2. More than one million people have fled their homes in Gaza as Israel bombarded the Hamas-ruled Gaza Strip and continued in preparation for a full-blown ground invasion. 3.

Gaza is expected to reopen amid diplomatic efforts to get aid into the Hamas-controlled strip that has been under intense Israeli bombing since the group's rampage that killed 1,300 people on Oct. 7. Shocked by the assault on towns and villages, Israel is carrying out the most intense bombardment Gaza has ever seen, has imposed a strict blockade, and is preparing a ground invasion. Hundreds of metric tons of aid from several countries have been held up in Egypt's Sinai Peninsula for days pending a deal for its safe delivery to Gaza and the evacuation of some foreign passport holders through the Rafah crossing. «Rafah will be reopened.

State Antony Blinken said Sunday the Rafah border crossing between Gaza and Egypt «will be open» for aid into the blockaded strip, he said while departing from Cairo. «We're putting in place with the United Nations, with Egypt, with Israel, with others, the mechanism by which to get the assistance and to get it to people who need it,» he told reporters. Blinken also said that the United States had appointed an envoy, veteran former diplomat David Satterfield, to work on aid to Gaza.

Xi Jinping hosted the Palestinian president in Beijing and invited the Israeli prime minister for an official state visit. Benjamin Netanyahu accepted, and China was on track for a bigger role in the region.

Hamas gunmen are marshalling their own resources to get their loved ones home. Israel's military said Sunday it had confirmed that 126 people have been held captive since Hamas militants from the blockaded Gaza Strip attacked southern Israel on October 7. They gunned down civilians and dragged dozens of others, Israelis and foreigners, back to Gaza. Among them were children, including nine-month-old Kfir and four-year-old Arial Bibes, snatched along with their mother Shiri.

It is worth noting that Saudi Arabia, Iran and Qatar not only extended their support to Palestine, but also criticised Israel over its treatment of Palestinians. Egypt is also extending its support to Palestine and is also providing humanitarian assistance to Gaza. The nation also condemned any displacement of Palestinians from North Gaza.

Gaza Health Ministry says 2,329 Palestinians have been killed since the latest fighting erupted, making this the deadliest of the five Gaza wars for Palestinians. The death toll on Sunday surpassed that of the third war between Israel and Hamas, in the summer of 2014, when 2,251 Palestinians, including 1,462 civilians, were killed, according to U.N.

Israel pressed on Sunday with preparations for a ground offensive in Gaza, after giving Palestinians a little more time flee northern areas it has vowed to target in response to the deadliest attack in its history. Hamas fighters gunned down, stabbed and burned to death more than 1,300 people in the attack that Israel has compared to 9/11 in the United States, sparking a massive retaliatory bombing campaign targeting the Islamist group that has killed over 2,200 in Gaza. Israel has warned around 1.1 million Gazans living in the north of the Palestinian territory to flee to the south ahead of a ground incursion which the military has indicated will focus on Gaza City, the base of the leadership of the Hamas militant group. The military said Gaza City residents must not delay their departure but a spokesperson said late Saturday they still had time to leave and that the ground offensive would not start on Sunday. Since Friday thousands of Gazans, who cannot leave the enclave as it is blockaded by both Israel and Egypt, have packed what belongings they can into bags and suitcases, to trudge through the rubble-strewn streets.

The eyes of the world are on Gaza ahead of a looming Israeli ground offensive, but what people are looking for might be hidden deep underground in a maze of tunnels.

LATEST UPDATES AS OF 4 P.M. ET:

Gaza Strip, after telling Palestinians living in the densely populated territory to flee south towards a closed border with Egypt. The Israeli national security adviser meanwhile warned Lebanese militant group Hezbollah not to start a war on a second front to Israel's north, threatening the «destruction of Lebanon» it if did. Israel has vowed to annihilate the Hamas militant group that controls Gaza in retaliation for a rampage by its fighters, who stormed through Israeli towns a week ago, gunning down civilians and making off with scores of hostages in the worst attack on civilians in Israel's history. Some 1,300 people were killed in a brutal onslaught that left Israel in profound shock, both at the scale of the killing and at horrifying mobile phone footage and reports from medical and emergency services of atrocities in the towns and kibbutzes that were overrun. In response, Israeli jets and artillery have subjected Gaza to the most intense bombardment it has ever seen, putting the enclave, home to 2.3 million Palestinians, under total siege. Gaza authorities say more than 2,200 people have been killed, a quarter of them children, and nearly 10,000 wounded. Rescue workers searched desperately for survivors of nighttime air raids. Thousands of Palestinians fled the north of the Gaza Strip on Saturday from the path of the expected Israeli ground assault, while Israel pounded the area with more air strikes and said it kept two roads open to let people escape.

Israeli Prime Minister Benjamin Netanyahu has vowed to “crush and destroy” the militant group Hamas in response to its surprise weekend attack that has shaken the Middle East and the world.

Amir Mizroch and Benoit Faucon contributed to this article. Write to Dov Lieber at [email protected] and Rory Jones at [email protected]"Exciting news! Mint is now on WhatsApp Channels

By Nidal al-Mughrabi

Antony Blinken called on Saturday for protection for civilians in both the Gaza Strip and Israel as the Israeli military ordered half of the Palestinian territory's population to evacuate in advance of an expected ground assault. Blinken met his Saudi Arabian counterpart, Prince Faisal bin Farhan, in Riyadh as he began a third day of intense Middle East diplomacy aimed at preventing the Israel-Hamas war from expanding into a regional conflict and fuelling a humanitarian crisis.