Egypt announces emergency Arab summit after Trump’s Gaza plan infuriates key allies

Egypt announces emergency Arab summit after Trump’s Gaza plan infuriates key allies


U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu hold a joint press conference in the East Room at the White House in Washington, U.S., Feb. 4, 2025.

Leah Millis | Reuters

Egypt announced Sunday that it will host an emergency Arab summit on Feb. 27 to discuss “new and dangerous developments” after U.S. President Donald Trump proposed to resettle Palestinians from the Gaza Strip.

Trump’s suggestion, made at a White House meeting with Israeli Prime Minister Benjamin Netanyahu last week, infuriated the Arab world, including Egypt, Jordan and Saudi Arabia — key allies of Washington.

Both Egyptian President Abdel Fattah el-Sissi and Jordanian King Abdullah II dismissed Trump’s call to resettle 1.8 million Palestinians in Gaza and for the U.S. to take ownership of the enclave, but Trump claims that they would eventually accept it.

A statement from Egypt’s Foreign Ministry said it would host the Arab League summit in Cairo following talks at the highest level in Arab countries in recent days, “including the state of Palestine that asked to hold the summit in order to discuss new and dangerous developments for the Palestinian cause.”



Source

The Iran war is threatening supply of a little-thought-of resource — helium. What it means for markets
World

The Iran war is threatening supply of a little-thought-of resource — helium. What it means for markets

The war in the Middle East could pose a threat to the semiconductor industry and other sectors dependent on a resource produced in the Gulf — helium. Helium is a little-known but key input in many industries, most notably technology. In semiconductor manufacturing, its cooling properties are used to transfer heat. Helium is also indispensable […]

Read More
Switzerland risks the ire of the White House as it flags potential currency intervention
World

Switzerland risks the ire of the White House as it flags potential currency intervention

Swiss officials say the Iran war is making them more willing to intervene against any significant appreciation in the country’s currency, but doing so risks another dispute with the White House. The Swiss National Bank announced on Thursday that, as expected, it was holding its key interest rate at 0%. But its policymakers said: “Given […]

Read More
Gulf states have tolerated Iranian strikes so far — but their ‘defensive’ stance won’t last forever
World

Gulf states have tolerated Iranian strikes so far — but their ‘defensive’ stance won’t last forever

Fire and plumes of smoke rise from an oil facility in Fujairah, United Arab Emirates, Saturday, March 14, 2026. Altaf Qadri | AP Iran’s strikes are pushing Gulf states toward a breaking point, forcing a choice between restraint and retaliation. Iran’s Gulf neighbors have been repeatedly targeted and hit by Iranian drones and missiles as […]

Read More