Egypt Makes New Proposal to Restore Gaza Truce as Israeli Strikes Kill 65

Palestinians rush an injured girl away from the site of Israeli strikes on a makeshift displacement camp in central Gaza City on March 23, 2025. (Photo by Omar AL-QATTAA / AFP)
Palestinians rush an injured girl away from the site of Israeli strikes on a makeshift displacement camp in central Gaza City on March 23, 2025. (Photo by Omar AL-QATTAA / AFP)
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Egypt Makes New Proposal to Restore Gaza Truce as Israeli Strikes Kill 65

Palestinians rush an injured girl away from the site of Israeli strikes on a makeshift displacement camp in central Gaza City on March 23, 2025. (Photo by Omar AL-QATTAA / AFP)
Palestinians rush an injured girl away from the site of Israeli strikes on a makeshift displacement camp in central Gaza City on March 23, 2025. (Photo by Omar AL-QATTAA / AFP)

Egypt has floated a new proposal aimed at restoring the Gaza ceasefire deal, security sources told Reuters on Monday, as Palestinian health authorities said Israeli strikes had killed at least 65 people in the enclave in the previous 24 hours.

The proposal, made last week, follows an escalation in violence after Israel resumed air and ground operations against Hamas on March 18, ending a two-month period of relative calm after 15 months of war.

Gaza health officials said Israeli airstrikes and shelling have killed nearly 700 Palestinians since then, including at least 400 women and children.

Among those killed on Monday were two local journalists, Mohammad Mansour and Hussam Shabat, medics said. The Palestinian Journalist Syndicate said at least 206 journalists have been killed by Israeli fire in Gaza since early October 2023, when the conflict erupted. There was no immediate Israeli comment.

Hamas said several of its senior political and security officials had also been killed.

Later on Monday, the Israeli military said it had intercepted a missile launched from Yemen before it crossed into Israel. Warning sirens had sounded in Jerusalem, Tel Aviv and other areas. Iran-aligned Houthi militias in Yemen have at times fired missiles at Israel in support of Hamas fighters.

The Egyptian plan calls for Hamas to release five Israeli hostages each week, with Israel implementing the second phase of the ceasefire after the first week, two security sources said.

Hamas is still holding 59 hostages, with 24 thought to be still alive, among the more than 250 it seized in its October 7, 2023 cross-border attack on Israel. Most of the rest have been freed, or their bodies handed over, in negotiated exchanges.

Both the US and Hamas have agreed to the proposal, the security sources said, but Israel has not yet responded.

A Hamas official did not confirm the proposed offer, but told Reuters that "several proposals are being discussed with the mediators to bridge the gap and to resume negotiations to reach common ground that would pave the way to start the second phase of the agreement".

TIMETABLE FOR WITHDRAWAL

The sources said the Egyptian proposal includes a timeline for a full Israeli military withdrawal from Gaza, backed by US guarantees, in exchange for the release of remaining hostages.

Hamas has accused Israel of breaking the terms of the January ceasefire agreement but has said it is willing to negotiate a renewed truce and was studying proposals from US President Donald Trump's special envoy, Steve Witkoff.

Israel says it resumed its military operations to force Hamas to release the remaining hostages it is holding in Gaza.

On Monday, Hamas released a video it said showed hostages Elkana Bohbot, 35, and Yosef Haim-Ohana, 24, who were both abducted from the Nova music festival site on October 7.

Israel says it does its best to reduce harm to civilians and has questioned the death toll provided by health authorities in the Hamas-run enclave.

Palestinian officials on Sunday put the number of dead from nearly 18 months of conflict at over 50,000.

Israel launched its offensive in Gaza after Hamas fighters stormed southern Israel on October 7, 2023, killing 1,200 people, mostly civilians, according to Israeli tallies.

In Gaza's southernmost city Rafah, the municipality said thousands of people were stuck inside the Tel Al-Sultan district where some Israeli military forces had entered, with families trapped among the ruins, with no water, food, or medicine.

The Palestinian Civil Emergency Service said 50,000 residents remained cornered in Rafah, which abuts the border with Egypt.

The Israeli military said troops had encircled Tel Al-Sultan to dismantle "terror infrastructure sites and eliminate terrorists in the area".

A United Nations spokesperson said on Monday it would reduce its footprint in Gaza after five staff members of its Palestinian relief agency UNRWA were killed in the renewed conflict, but remains committed to providing aid to civilians.

Separately, UNRWA said 124,000 Palestinians have been displaced in Gaza in recent days.

"Families carry what little they have with no shelter, no safety, and nowhere left to go. The Israeli authorities have cut off all aid. Food is scarce and prices are soaring. This is a humanitarian catastrophe. The siege must end," UNRWA said on X. 



Israeli Defense Minister: We Will Never Withdraw our Forces from Gaza

Israeli Defense Minister Israel Katz. (dpa)
Israeli Defense Minister Israel Katz. (dpa)
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Israeli Defense Minister: We Will Never Withdraw our Forces from Gaza

Israeli Defense Minister Israel Katz. (dpa)
Israeli Defense Minister Israel Katz. (dpa)

Israeli Defense Minister Israel Katz said on Tuesday that Israel “will never withdraw from the Gaza Strip,” announcing that new settlement outposts will be established in the northern part of the enclave “when the appropriate time comes.”

Israeli media reported that Katz made the remarks during a ceremony held in Beit El, stating: “We will do this in the right way and at the right time. There will be those who protest, but we are ministers.”


A Shaky Start for Lebanon’s Financial Gap Bill

Depositors hold protest banners against the draft deposit recovery law during popular demonstrations on the road to the Presidential Palace (Asharq Al-Awsat). 
Depositors hold protest banners against the draft deposit recovery law during popular demonstrations on the road to the Presidential Palace (Asharq Al-Awsat). 
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A Shaky Start for Lebanon’s Financial Gap Bill

Depositors hold protest banners against the draft deposit recovery law during popular demonstrations on the road to the Presidential Palace (Asharq Al-Awsat). 
Depositors hold protest banners against the draft deposit recovery law during popular demonstrations on the road to the Presidential Palace (Asharq Al-Awsat). 

A widening wave of objections in Lebanon to the draft “financial gap” bill has exposed the hurdles facing its passage in parliament.

Prepared by a ministerial and legal committee chaired by Prime Minister Nawaf Salam, the bill has drawn resistance from influential political and sectoral actors, bolstering the opposition voiced by depositors’ associations and the banking lobby.

Conflicting ministerial positions ahead of Monday’s special cabinet session to review the final draft underscore the sharp disputes likely to intensify once the bill is formally sent to parliament, a senior financial official told Asharq Al-Awsat.

With parliamentary elections due next spring, candidates are wary of confronting voters or powerful interest groups.

According to the government’s forthcoming brief, the bill marks the end of years of disorder and the start of a clear path to restore rights, protect social stability, and rebuild confidence in the financial system after six years of paralysis, silent erosion of deposits, and crisis mismanagement.

It is framed not as a narrow technical fix, but as a strategic shift, from denying losses and letting them fall haphazardly, to acknowledging and organizing them within an enforceable legal framework.

The government argues the plan would protect about 85% of depositors by enabling access to a guaranteed portion of savings, up to $100,000 over four years, while preserving the nominal value of all deposits via central bank–guaranteed bonds maturing in 10, 15, and 20 years.

Banks, however, have openly declared their “fundamental reservations and strong objection” to the bill on financial regularization and deposit treatment.

Professional associations and unions have joined depositors’ groups in opposing proposals they say would load the bulk of losses onto depositors, either through direct haircuts or by stretching repayment over one to two decades.

The Beirut Order of Engineers added its voice, warning that the near-final draft manages collapse rather than delivers reform, distributing losses unfairly at the expense of depositors and productive sectors, and failing to explicitly protect union funds.

Legal objections have also surfaced over provisions with retroactive effect, taxes, levies, and accounting adjustments applied to transfers made after the crisis erupted in autumn 2019, as well as to past deposit returns.

Banks say such measures constitute an unjustified infringement of rights and lack sound legal and financial grounding or precedent.

The financial official noted that these retroactive elements could be challenged before the State Council, as they contradict the principle that laws apply only after promulgation. Most transactions, he added, were conducted under then-valid laws and central bank approvals.

By contrast, previous governments compelled the central bank to spend more than $11 billion on poorly controlled subsidies, much of which was smuggled abroad, notably to Syrian markets.

Banks insist that any credible solution must begin with a precise, transparent assessment of the financial gap at the Central Bank, based on audited, unified accounts and realistic financial modeling.

They argue that the plan effectively wipes out banks’ capital and - under loss-sharing rules set by Law 23/2025 - ultimately hits depositors, while the state avoids settling its debts to the central bank or covering its balance-sheet shortfall.

 

 

 


Gazans Fear Renewed Displacement after Israeli Strikes

This overview shows a destroyed mosque and other buildings in Khan Younis in the southern Gaza Strip on October 7, 2024 on the first anniversary of the ongoing war in the Palestinian territory between Israel and Hamas. (AFP)
This overview shows a destroyed mosque and other buildings in Khan Younis in the southern Gaza Strip on October 7, 2024 on the first anniversary of the ongoing war in the Palestinian territory between Israel and Hamas. (AFP)
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Gazans Fear Renewed Displacement after Israeli Strikes

This overview shows a destroyed mosque and other buildings in Khan Younis in the southern Gaza Strip on October 7, 2024 on the first anniversary of the ongoing war in the Palestinian territory between Israel and Hamas. (AFP)
This overview shows a destroyed mosque and other buildings in Khan Younis in the southern Gaza Strip on October 7, 2024 on the first anniversary of the ongoing war in the Palestinian territory between Israel and Hamas. (AFP)

When her children, trembling with fear, ask where the family can go to escape Israel's continued bombardment in southern Gaza's Khan Yunis area, Umm Ahmed has no answer.

In her small, devastated village near Khan Yunis city, recent Israeli drone and artillery strikes shattered the tenuous sense of peace delivered by a ceasefire that has largely held since October 10, AFP said.

Residents say the strikes have targeted neighborhoods east of the so-called Yellow Line -- a demarcation established under the truce between Israel and Hamas.

The Israeli military says its troops are deployed in the area in accordance with the ceasefire framework, accusing Hamas militants of "crossing the Yellow Line and carrying out terrorist activities".

More than two years after Hamas's October 7 attack on Israel sparked a devastating war, tens of thousands of Gazans still live in tents or damaged homes in these areas, where the Israeli army maintains control and operates checkpoints.

Now, many fear being forced from their homes, compelled to move west of the Yellow Line.

"We don't sleep at night because of fear. The bombardments in the east are relentless," said Umm Ahmed, 40.

"My children tremble at every explosion and ask me, 'Where can we go?' And I have no answer."

Her home in Bani Suheila has been completely destroyed, yet the family has stayed, pitching a tent beside the ruins.

"Staying close to our destroyed home is easier than facing the unknown," Umm Ahmed said.

Crossing the Yellow Line to Al-Mawasi, west of Khan Yunis, is not an option for them.

There, makeshift camps stretch as far as the eye can see, housing tens of thousands of Palestinians who fled the fighting.

"There is no place left for anyone there, and not enough food or water," Umm Ahmed said, as Gaza remains trapped in a catastrophic humanitarian crisis.

- 'We will not leave' -

The Israeli military blames continued threats from the Hamas group for its actions in the area.

The Israeli military said in a statement to AFP that the army’s “current operations in Gaza, and their deployment in the Yellow Line area in particular, are carried out to address direct threats from terrorist organizations in Gaza.”

The war in Gaza began with Hamas's attack on Israel on October 7, 2023 that resulted in the deaths of 1,221 people, mostly civilians, according to an AFP tally based on official Israeli figures.

Since the war began, more than 70,000 people have been killed in Gaza, according to the Hamas-run territory's health ministry.

The vast majority of Gaza's more than two million residents were displaced during the war, many multiple times.

A fragile ceasefire has been in place since October 10, though both sides regularly accuse each other of violations.

Under the truce, Israeli forces withdrew to positions east of the Yellow Line.

Earlier this month, Israeli army chief Lieutenant General Eyal Zamir described the Yellow Line as the "new border line" with Israel.

"The Yellow Line is a new border line -- serving as a forward defensive line for our communities and a line of operational activity," he said to reserve soldiers in Gaza.

For Palestinian officials, the line is seen as a tool for permanent displacement.

"The objective is to frighten residents, expel them from their areas, and force them west," said Alaa al-Batta, mayor of Khan Yunis, denouncing the bombardments as "violations of the ceasefire agreement".

Mahmud Baraka, 45, from Khuzaa, east of Khan Yunis, described constant artillery fire and home demolitions in the area.

"It feels like we are still living in a war zone," he said.

"Explosions happen as if they are right next to us. The objective of the occupation is clear: to intimidate us and drive us out, so the region is emptied."

For now, residents feel trapped between bombardment and displacement, uncertain how long they can endure.

Despite the danger, Abdel Hamid, 70, refuses to leave his home located north of Khan Yunis, where he lives with his five children.

"We will not leave... this is our land," he said.

"Moving would not be a solution, but yet another tragedy."