Hamas, Gaza and Egypt
Digest more
Egypt’s decision to extend and expand a multi-billion-dollar natural gas import deal with Israel has stirred debate at home, with critics questioning who benefits most from what has been described as one of the world’s largest energy agreements.
Egypt extended Hassan Abdalla’s leadership of the central bank into a fourth year, sending a signal of continuity to foreign fixed-income investors as the North African nation emerges from its worst currency crunch in decades.
2d
Al-Monitor on MSNEgypt says displacment of Palestinians from Gaza City 'red line' as Gazans evacuate south
Fearing an Israeli onslaught could come soon, some Palestinian families began leaving eastern areas of Gaza City, now under constant Israeli bombardment, for points to the west, and some explored ev The Egyptian Foreign Minister said that any mass displacement of Palestinians from Gaza was a "red line" in a Monday interview with CNN.
Arab Finance: Minister of Investment and Foreign Trade Hassan El-Khatib met with South Korean Ambassador to Cairo Kim Young-Hyun and his delegation to explore ways to strengthen economic ties and expand Korean investments in Egypt, as per a statement. The discussions also covered several issues of mutual interest.
The foreign ministers of Iran and Egypt condemned the Israeli regime’s plan for the military occupation of Gaza City and the forced displacement of its inhabitants.
The displacement of Palestinians from the Gaza Strip is a “red line” and Cairo will not allow any party to risk Egypt’s national security or sovereignty, Egyptian Foreign Minister Badr Abdelatty said on Monday.
The US dollar slightly rose against the EGP at the Egyptian banks on Wednesday, with the exchange rate recording EGP 48.55 for buying and EGP 48.65 for selling at Banque Misr at 2:10 PM. Likewise, the USD hit EGP 48.
Egypt's state grains buyer Future of Egypt has agreed to buy at least 200,000 metric tons of French wheat in recent private deals with exporters, plus several 30,000-ton cargoes of wheat from Ukraine and Romania,
CNN’s Becky Anderson reports from the Egyptian side of the Rafah border crossing with Gaza, lauding the 35,000 Egyptian Red Crescent volunteers who she says are unsung heroes of the conflict, working tirelessly to get aid into the besieged enclave.