Egypt | DD News

May 15, 2024 7:22 PM

Egypt receives second payment of $14 bln from UAE for Ras al-Hikma project

Egypt received $14 billion from the United Arab Emirates on Wednesday as a second payment for the development of Ras al-Hikma peninsula, a cabinet statement said. The deal with Abu Dhabi sovereign fund ADQ to develop the peninsula 200 km west of Alexandria includes a total of $35 billion in investments and is one of the biggest deals of its kind. Egypt has also started working with the UAE to waive an Emirati deposit of $6 billion in the Egyptian central bank and convert its value to the equiv...

May 11, 2024 9:52 AM

Egypt threatens to scrap Camp David Accords over Israeli operation in Rafah

Egypt has issued a stern warning to Israel, threatening to nullify the historic Camp David Accords if Israel proceeds with its invasion of Rafah, as reported by Israeli media.This threat comes amidst escalating tensions over Israel's ongoing military operation in Rafah, with the United States reportedly escalating its warnings to Israel regarding its actions in the region. Just days ago, Egypt expressed grave concerns about the potential dangers posed by a potential Israeli military operation...

May 7, 2024 12:03 PM

Gaza ceasefire uncertain, Israel vows to continue Rafah operation

Palestinian militant group Hamas on Monday agreed to a Gaza ceasefire proposal from mediators, but Israel said the terms did not meet its demands and pressed ahead with strikes in Rafah while planning to continue negotiations on a deal. The developments in the seven-month-old war came as Israeli forces struck Rafah on Gaza's southern edge from the air and ground and ordered residents to leave parts of the city, which has been a refuge for more than a million displaced Palestinians. Hamas s...

April 9, 2024 12:01 PM

Hamas: Israeli ceasefire proposal fails to meet demands, under review

Hamas said early on Tuesday Israel's proposal that it received from Qatari and Egyptian mediators did not meet any of the demands of Palestinian factions. However, the group added in a statement it would study the proposal, which it described as “intransigent”, and deliver its response to the mediators. A Hamas official told Reuters on Monday that the group has rejected the Israeli ceasefire proposal made at talks in Cairo, and Israeli Prime Minister Benjamin Netanyahu said a date was set ...