Is Egypt planning a political shakeup in Gaza? President Abdel Fattah El Sisi met with Palestinian President Mahmoud Abbas in Cairo yesterday, according to an Ittihadiya statement. While the official statement “stuck to generalities,” some sources close to Abbas say the two presidents talked about the power-sharing agreement between Hamas rulers and exiled Mohammed Dahlan, the Associated Press reports. Abbas’ visit comes as ties between Egypt and Hamas have also been warming up, with the two sides reaching agreements for Egypt to supply Gaza with fuel and security equipment. The Palestinian Authority, which Abbas heads, has been moving to curb these relations, reportedly freezing the bank transfers that were funding Egypt’s fuel shipments.
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,…