INSEAD Day 4 - 728x90

EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

Egypt to host emergency Arab summit on Palestinians: foreign ministry

A woman and children react at the site of an Israeli strike in a residential area in the Tuffah neighborhood, east of Gaza on Dec 26, 2024. (AFP)
  • The "emergency Arab summit" comes as Egypt has been rallying regional support against US President Donald Trump's plan to relocate Palestinians from Gaza to Egypt and Jordan.
  • The remarks have prompted global backlash, and Arab countries have firmly rejected the proposal, insisting on an independent Palestinian state alongside Israel.

Cairo, Egypt — Egypt will host a summit of Arab nations on February 27 to discuss “the latest serious developments” concerning the Palestinian territories, its foreign ministry said in a statement on Sunday.

The “emergency Arab summit” comes as Egypt has been rallying regional support against US President Donald Trump’s plan to relocate Palestinians from the Gaza Strip to Egypt and Jordan while establishing US control over the coastal territory.

Sunday’s statement said the gathering was called “after extensive consultations by Egypt at the highest levels with Arab countries in recent days, including Palestine, which requested the summit, to address the latest serious developments regarding the Palestinian cause”.

That included coordination with Bahrain, which currently chairs the Arab League, the statement said.

On Friday, Egyptian Foreign Minister Badr Abdelatty spoke with regional partners including Jordan, Saudi Arabia and the United Arab Emirates to shore up opposition to any forced displacement of Palestinians from their land.

Last week, Trump floated the idea of US administration over Gaza, envisioning rebuilding the devastated territory into the “Riviera of the Middle East” after resettling Palestinians elsewhere, namely Egypt and Jordan.

The remarks have prompted global backlash, and Arab countries have firmly rejected the proposal, insisting on a two-state solution with an independent Palestinian state alongside Israel.