Egypt has reportedly agreed to open the Rafah border crossing with Gaza only in the presence of Palestinian Authority (PA) forces, Fatah leader Azzam Al-Ahmad announced on Monday, Haaretz reports (paywall). The move, which shows Egypt is trying to maintain a balance in its relations with the PA and rival faction Hamas, conflicts with recent news reports suggesting that Egypt would reopen the border crossing normally come September. Egypt and Hamas’ relations have been warmer lately, with Egypt sending fuel shipments to Gaza and agreeing to supply Hamas with security equipment.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Swvl is not dropping off of Nasdaq just yet, as company turns to the black in 2025
The company turned a profit last year, allowing it to…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…