Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Hamas delegation to discuss Egypt’s Gaza ceasefire plan

Sources close to Hamas say Cairo's three-stage plan provides for renewable ceasefires. (AFP)
  • The ceasefire plan was put last week to officials of Hamas and Islamic Jihad, which is also battling IDF in the territory, when the chiefs of both movements visited Cairo
  • Diaa Rashwan, who heads Egypt's State Information Services, confirmed that Cairo had put forward "a framework intended to bring together the views of all parties concerned

Cairo, Egypt – A Hamas delegation is due in Cairo Friday to give its “observations” about an Egyptian plan for a ceasefire that would end the war in Gaza, a Hamas official said.

The plan was put last week to officials of Hamas and Islamic Jihad, which is also battling Israeli forces in the territory, when the chiefs of both movements visited the Egyptian capital.

Sources close to Hamas say Cairo’s three-stage plan provides for renewable ceasefires, a staggered release of hostages held by Hamas in exchange for Palestinian captives in Israel, and ultimately a ceasefire to end the war.

It also provides for a Palestinian government of technocrats after talks involving “all Palestinian factions”, which would be responsible for governing and rebuilding in post-war Gaza.

Israel’s relentless aerial bombardment and ground invasion have killed at least 21,320 people, mostly women and children, according to Hamas-run Gaza’s health ministry.

The Hamas official, speaking on condition of anonymity, told AFP on Thursday about the planned visit by the Qatar-based Hamas political office.

“A high-level delegation from the Hamas political office will visit Cairo tomorrow to meet Egyptian officials and give the response of the Palestinian factions, including several observations, to their plan,” the official said.

The official said these observations focus on “the modalities of the planned exchanges and the number of Palestinian captives to be freed, as well as obtaining guarantees for a complete Israeli military withdrawal from Gaza”.

Qatar, backed by Egypt and the United States, last month helped broker a first week-long truce in which 80 Israeli hostages were freed in exchange for 240 Palestinian captives.

Diaa Rashwan, who heads Egypt’s State Information Services, confirmed on Thursday that Cairo had put forward “a framework intended to bring together the views of all parties concerned, with the aim of ending the shedding of Palestinian blood, stopping the aggression against the Gaza Strip, and restoring regional peace and security”.

“This proposal comprises three successive and interconnected stages leading to a ceasefire,” Rashwan’s statement said.

Rashwan said Egypt had not yet received a response to its initiative which would be made public “in detail” when Cairo had received feedback from all concerned.