Egypt Financial News

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India on Monday wholeheartedly welcomed Egypt, Iran, UAE, Saudi Arabia and Ethiopia joining the BRICS as their representatives attended for the first time a key meeting of the grouping hosted by Russia. Senior diplomat Dammu Ravi led the Indian delegation at the BRICS Foreign Ministers' Meeting in Nizhny Novgorod, in western Russia.

U.S. Secretary of State Antony Blinken is set to arrive in the Middle East on Monday in an effort to salvage cease-fire negotiations, as leaders from Hamas and Israel express skepticism toward President Biden’s peace plans. Blinken’s trip—which includes stops in Egypt, Israel, Jordan and Qatar—comes at a sensitive time after eight months of fighting.

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international-brand life savings fake cancer/diabetes medicines worth crores of rupees.The officer further said that the cyber cell of the crime branch recieved information regarding the sale of spurious and unregistered lifesaving drugs in the Delhi NCR area."On April 4, a raid was conducted at Shree Ram International Traders in Bhagirath Palace where stock of various imported drugs along with other trade stock worth almost ₹1.5 crore was found," the officer said.Police seized the stock and revealed that the owner of the shop, Arya, was selling spurious lifesaving drugs."Another raid was conducted at a separate medicine vendor in Daryaganj. During the search, suspicious stock of various imported drugs along with other trade stock worth around ₹2.5 crore were found," the DCP said.Police said the seized medicines were not authorised for sale and distribution in India.Police said that during the investigation, it was revealed that the syndicate is being operated in connivance with foreign nationals.

Egypt’s President Abdel Fattah el-Sissi has reappointed Prime Minister Mustafa Madbouly to form a new government

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Israel seeks a 'governing alternative' to Hamas in Gaza. It's been tried and failed beforeIn the call with Gantz, Blinken "emphasized that Hamas should take the deal without delay," the department said in a statement.In a separate statement, the State Department said that in the call with Gallant, Blinken "commended Israel’s readiness to conclude a deal" and "underscored that the proposal would advance Israel’s long-term security interests, including by enabling the possibility of further integration in the region." Biden, whose initial lockstep support for Israel's offensive has given way to open censure of the operation's high civilian death toll, on Friday aired what he described as a three-phase plan submitted by the Netanyahu government to end the war.The first phase entails a truce and the return of some hostages held by Hamas, after which the sides would negotiate on an open-ended cessation of hostilities for a second phase in which remaining live captives would go free, Biden said.

Benjamin Netanyahu confirmed on Sunday that Israel had accepted a framework deal for winding down the Gaza war now being advanced by U.S. President Joe Biden, though he described it as flawed and in need of much more work.

Mediators attempting to negotiate a ceasefire between Israel and Hamas on Sunday called on both sides to agree to a truce and hostage release deal outlined by US President Joe Biden last week, even as Israeli Prime Minister Benjamin Netanyahu has insisted he will pursue the war raging until Hamas is destroyed and the captives are freed.

Egypt will host Israeli and US officials on Sunday to discuss the reopening of the Rafah crossing, a vital conduit for aid into Gaza, a state-linked news outlet reported.

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Gaza Strip, with witnesses reporting air raids around the southern city of Rafah, the latest focus of the nearly eight-month war. Israel launched its military incursion into Rafah in early May despite international objections over the safety of civilians sheltering in the city on Gaza's border with Egypt. A strike that sparked a fire and killed dozens in a displacement camp at the weekend drew a wave of fresh condemnation.

International Federation of Red Cross and Red Crescent Societies asked state forces and combatants Thursday to respect its neutrality and work of delivering urgent humanitarian help to the most destitute in war and other high-risk zones, saying 24 of its aid workers had been killed so far this year mostly in the Gaza Strip. IFRC President Kate Forbes, who is visiting the Philippines, said in a statement posted on X, formerly known as Twitter, that two more of her group's aid workers, Palestine Red Crescent Society paramedics Haitham Tubasi and Suhail Hassouna, were killed Wednesday when their ambulance was hit west of Rafah, Gaza's southernmost city.

Chinese President Xi Jinping is calling for the establishment of an independent Palestinian state and promising more humanitarian aid for people in Gaza

Rafah" has been shared by more than 44 million Instagram accounts since Monday after a deadly Israeli strike at a camp for displaced Palestinians in the Gazan city. The image depicts densely packed rows of tents stretching endlessly across a desert landscape overshadowed by mountains, alluding to the hundreds of thousands of Palestinians who fled there during Israel's military campaign against Hamas. Chilean-US actor Pedro Pascal, top models Bella and Gigi Hadid, who are of Palestinian descent, and French football star Ousmane Dembele are among the celebrities to have shared it on Instagram.

The emir of Qatar is looking to invest in energy and high-tech in Cyprus — projects seen as having a strong economic potential

Egypt and China have signed agreements deepening their cooperation during President Abdel-Fattah el-Sissi’s visit to Beijing

strategic corridor that runs along the length of Gaza's border with Egypt, an objective Israel had said was necessary in its bid to destroy Hamas as part of the ongoing war, now in its eighth month. The capture of the area, known as the Philadelphi Corridor, gives Israel control over a strip of land it says is awash in smuggling tunnels that have funneled weapons and other goods for Hamas — even under a yearslong blockade imposed by Israel and Egypt. The move comes as Israel has deepened its incursion into the southern Gaza city of Rafah, where hundreds of thousands seeking shelter from fighting elsewhere had been displaced. The capture of the corridor could complicate Israel's relations with Egypt, which has complained over Israel's advance toward its border, including when Israel took over the Rafah border crossing, the only crossing between Gaza and Egypt.

'All eyes on Rafah': Israel pounds southern Gaza city amid global outrage and ICJ ruling — All you need to knowIsrael has defended their operation by stating that their mission 'only' aims to destroy Hamas fighters. However, over thirty thousand Palestinians have lost their lives in the airstrikes, including thousands of children.Some of those Palestinians have managed to survive the months of airstrike and are making the eighth move, with what little is left of their belongings and life to survive.On Tuesday, the phrase, 'All eyes on Rafah', flooded social media as several people from across the world came out in support of Palestinians residing in the Rafah city located in war-torn Gaza.Rafah, a city near the Palestinian territory’s southern border with Egypt, has been under Israeli ground assault since early May.

following the airstrike, a large fire ignited "for reasons that are still being investigated". However, the munition used by Israel to target the Hamas leaders "alone could have ignited a fire of this size," Hagari said in a video statement.The IDF spokesperson also shared satellite images to explain and clarify that they had targeted "a closed structure [in Rafah] which was away from the tent area"."There are no tents in the immediate vicinity of the structure that we targeted," he said.