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  • Premature Gaza babies evacuated to Egypt; deaths reported at Indonesian hospital

    A first group of prematurely born babies evacuated from Gaza's biggest hospital were taken into Egypt for treatment on Monday, while Palestinian health authorities said people were killed inside another hospital encircled by Israeli tanks.

    More than two dozens babies were expected to cross, according to the Palestinian Red Crescent and Egypt's Al Qahera TV. The newborns had been in north Gaza's Al Shifa hospital, where several other newborns died amid a collapse in medical services partly caused by power cuts when fuel ran out.

  • Deals worth $1.5bn likely to be signed at Egyptian-Saudi business forum

    Investments between Saudi Arabia and Egypt are set to flourish as multiple agreements worth $1.5 billion are expected to be signed during the Egyptian-Saudi Business Forum. According to Egyptian-Saudi Business Council member Turki Al-Hokair, the event will coincide with the visit of Saudi Commerce Minister Majid bin Abdullah Al-Qasabi to Egypt and is scheduled for Nov. 20 in Cairo, Egyptian newspaper Al-Ahram reported.

  • Saudi Ambassador to Egypt Follows up on Delivery of Saudi Relief Assistance into Gaza

    Saudi Ambassador to Egypt Osama bin Ahmed Nugali, in coordination with concerned Egyptian institutions, has followed up on the progress of delivering Saudi assistance to the Palestinian people through the Rafah border crossing.

  • First Saudi plane, carrying 35 tons of relief supplies for Gaza, leaves for Arish, Egypt

    The first Saudi relief plane, carrying 35 tons of relief supplies meant for Palestinians in the besieged Gaza Strip, took off from King Khalid International Airport in Riyadh, heading to Arish International Airport in the North Sinai Governorate of Egypt. The relief aid will be transported to those afflicted by the ongoing Israeli aggression in Gaza. The cargo plane carries on board various relief supplies and shelter materials. This was part of the Saudi popular campaign to succor the Palestinian people in Gaza in line with the directives of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman. The King and the Crown Prince ordered last Thursday the King Salman Humanitarian Aid and Relief Centre (KSrelief) to launch the popular fundraising campaign through its Sahem platform.

  • Israel-Palestine war: Riled by Israel’s Gaza plans, Egypt pushes back

    Egypt is telling the US that Israel’s stated goal to remove Hamas from governing the Gaza Strip is an unrealistic war aim, according to sources familiar with the matter. The warnings are being delivered regularly by Egyptian officials as Cairo rebuffs US overtures to take on a potential future security role in the besieged enclave and Israeli calls to accept a forced displacement of Palestinians. The warnings underscore Egypt’s desire for a speedy end to the war raging across its border, but also how Cairo has staked out a more assertive stance to the conflict than some Israeli and western officials anticipated.

  • Egypt’s Sisi briefed by Biden on US efforts to avoid regional conflict in Middle East

    President Biden briefed Egyptian President Abdel Fattah al-Sisi on Sunday about the United States’s efforts to avoid escalating conflicts in the Middle East. The White House said that Biden spoke with Sisi to brief him on what the U.S. is doing to deter regional actors from expanding the conflict in Gaza and what efforts are going on to release the more than 200 hostages being held by Hamas, a militant group designated as a terrorist organization by the U.S.

  • Egypt is in talks with UAE, Saudi Arabia to secure new deposits worth $5bn

    Egypt is close to obtaining new deposits from the United Arab Emirates and Saudi Arabia to bolster the reserves of the Central Bank and pave the way for resuming the International Monetary Fund program that was signed last year, sources told Daily News Egypt. The sources said that the deposits under negotiation would amount to $5bn and would be later transformed into investments over several years. The Central Bank holds about $29.9bn in deposits from Arab countries, divided between $15bn in medium to long-term deposits from the Gulf and $14.9bn in short-term deposits from the Gulf and Libya.

  • The World Can’t Solve the Israel-Hamas War without Egypt

    It is hard to predict who will have political power in Gaza in the coming months, but whoever it is will seek to negotiate with the Egyptians. At the very least, they will want international aid to flow into Gaza. Some rump elements of Hamas may also try to preserve at least some capacity to smuggle weapons and other military necessities. They will also likely seek a limited ability to send people out of the strip, including top officials fleeing from Israeli military action. Perhaps most important, whoever is left standing in Gaza will seek an Egyptian guarantee for whatever deal is eventually signed to end the fighting.

  • Egypt’s economy freefalls as experts look to lessons from Lebanon’s crisis

    As Egypt’s economic crisis deepens, many analysts have begun drawing comparisons to Lebanon’s slide into economic meltdown in recent years. However, economists emphasise that Egypt’s challenges, while serious, may not necessarily indicate an identical path if reforms are carried out swiftly and decisively. Egypt’s economy is facing severe headwinds, with worsening debt and foreign exchange shortage issues exacerbating a bruising crisis. The country’s external loans have ballooned to over $160 billion in recent years, weighing on fiscal stability, while foreign exchange shortages have driven pound devaluations and restrictions on offshore debit card use.

  • Saudi Arabia, UAE, Egypt condemn Israel over Gaza hospital blast

    Outrage spread across the Arab world and Jordan canceled a planned summit with US President Joe Biden following a deadly blast at a hospital in the Gaza Strip on Tuesday that killed hundreds. Israel and Hamas exchanged blame for the blast. The foreign ministries of Egypt, Jordan, the United Arab Emirates, Saudi Arabia and Qatar condemned Israel for the attack. The UAE, Jordan and Egypt both signed normalization and peace agreements with Israel. Read more: https://www.al-monitor.com/originals/2023/10/saudi-arabia-uae-egypt-condemn-israel-over-gaza-hospital-blast#ixzz8GVUxexlI