Egypt Source Says ‘Gaza Reconstruction Conference’ Will Not Be Held on Time

Masked Palestinian Islamic Jihad gunmen search for bodies in Nuseirat in central Gaza (AFP)
Masked Palestinian Islamic Jihad gunmen search for bodies in Nuseirat in central Gaza (AFP)
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Egypt Source Says ‘Gaza Reconstruction Conference’ Will Not Be Held on Time

Masked Palestinian Islamic Jihad gunmen search for bodies in Nuseirat in central Gaza (AFP)
Masked Palestinian Islamic Jihad gunmen search for bodies in Nuseirat in central Gaza (AFP)

A well-informed Egyptian source told Asharq Al-Awsat on Tuesday that the Cairo conference on early recovery and reconstruction in the Gaza Strip, which had been scheduled for the end of November, “will not be held on time and will be postponed,” citing the current escalation in the enclave and Cairo’s wish to ensure better conditions on the ground to achieve the conference’s goals.

“The conference will not take place at the end of the month as planned, and I believe it will be delayed slightly, especially since there is a parallel effort underway. It is clear that the United States intends to undertake something of its own on this issue in Rafah,” the source said, referring to what is known as the green zone in areas under Israeli control in the enclave.

He stressed that “Egypt is a major state and capable of carrying out these tasks, however it needs the right timing to secure a positive and tangible outcome for our Palestinian brothers.”

Explaining the reasons behind the delay, the source said “many countries are requesting guarantees that destruction in Gaza will not be repeated. These guarantees have not yet been secured and will not be available at this stage given the ongoing Israeli escalation and repeated violations.”

During the Sharm el-Sheikh Peace Summit, which helped secure a ceasefire agreement in Gaza last October, Egyptian President Abdel Fattah al-Sisi told several leaders that “it is important to hold the Cairo conference on early recovery and reconstruction in Gaza in November,” according to a statement from the Egyptian presidency.

Official Egyptian channels had previously indicated that the conference could be held in November.

According to an earlier statement from the Foreign Ministry, Egyptian Foreign Minister Badr Abdelatty held a phone call on October 17 with Palestinian Prime Minister Mohammad Mustafa that discussed preparations and details for the reconstruction conference, particularly funding and financial pledges, in addition to assessing and updating the damage in the enclave.

On November 5, Sisi reaffirmed Egypt’s intention to host an international conference on early recovery and reconstruction in Gaza by the end of the month, according to a presidency statement issued during his meeting with the president of Kyrgyzstan.

Since Sisi’s announcement, most presidential discussions, along with the foreign minister’s contacts, have touched on the reconstruction conference and ongoing preparations with several states including the United Kingdom, Türkiye, France, Saudi Arabia, Iraq, and Qatar, according to Asharq Al-Awsat’s review of official statements.

Egyptian Prime Minister Mostafa Madbouly also said in his remarks at the Group of Twenty summit on Saturday that “Egypt will host a global conference dedicated to early recovery and reconstruction in Gaza, and I invite your countries to participate in this conference,” without specifying a date.

Egypt had not confirmed a final date for the conference nor whether it would be postponed as of Tuesday afternoon, although the Gaza Strip is experiencing a significant escalation.

Since November 19, the ceasefire in Gaza has suffered a “setback,” the most serious of which occurred on Saturday, when at least 21 people were killed in Israeli strikes, according to the Civil Defense in the enclave, after Israel accused Hamas of “violating the ceasefire agreement that entered into force on October 10.”

The extraordinary Arab summit hosted by Cairo on March 4 approved a “plan for the reconstruction and development of the Gaza Strip,” aimed at early recovery and reconstruction without the displacement of Palestinians, in specified phases over a period of up to five years and at an estimated cost of 53 billion dollars.

Cairo also called for an international conference to support reconstruction efforts in Gaza in coordination with the United Nations.



Syria to Start Currency Swap on January 1st, Central Bank Governor Says

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
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Syria to Start Currency Swap on January 1st, Central Bank Governor Says

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo

Syria will start swapping old banknotes for new ones under a ​plan to replace Assad-era notes starting from January 1, 2026, Central Bank Governor Abdelkader Husrieh said on Thursday.

Husrieh announced the introduction of the new Syrian currency, saying the decree "sets January ‌1, 2026, ‌as the start date ‌for ⁠the ​exchange ‌process". Sources familiar with the matter told Reuters in August that the country will issue new banknotes, removing two zeros from its currency in an attempt to restore ⁠public confidence in the severely devalued pound.

The ‌step is intended ‍to strengthen ‍the Syrian pound after its purchasing ‍power collapsed to record lows following a 14-year conflict that ended with President Bashar al-Assad's ouster in December.

Husrieh ​said the operation will take place through a smooth and orderly ⁠swap - a move bankers hope will ease fears that the new currency could fuel inflation and further erode the purchasing power of Syrians already reeling from high prices.

He added that a press conference will soon outline the exact regulations and mechanisms.


Türkiye Begins Black Box Analysis of Jet Crash That Killed Libyan Military Chief and 7 Others

Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
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Türkiye Begins Black Box Analysis of Jet Crash That Killed Libyan Military Chief and 7 Others

Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)

The technical analysis of the recovered black boxes from a jet crash that killed eight people, including western Libya’s military chief, began as the investigation proceeded in cooperation with Libyan authorities, the Turkish Ministry of Defense said Thursday.

The private jet with Gen. Muhammad Ali Ahmad al-Haddad, four other military officials and three crew members crashed on Tuesday after taking off from Türkiye’s capital, Ankara, killing everyone on board. Libyan officials said the cause of the crash was a technical malfunction on the plane.

The high-level Libyan delegation was on its way back to Tripoli after holding defense talks in Ankara aimed at boosting military cooperation between the two countries.

The wreckage was scattered across an area covering 3 square kilometers (more than a square mile), complicating recovery efforts, according to the Turkish Interior Minister Ali Yerlikaya.

A 22-person delegation, including five family members, arrived from Libya early on Wednesday to assist in the investigation.


Lebanese President: We are Determined to Hold Parliamentary Elections on Time

President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
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Lebanese President: We are Determined to Hold Parliamentary Elections on Time

President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)

Lebanese President Joseph Aoun reiterated on Thursday that the country’s parliamentary elections are a constitutional obligation that must be carried out on time.

Lebanon’s state-run National News Agency quoted Aoun as saying that he, alongside Prime Minister Nawaf Salam and Parliament Speaker Nabih Berri, is determined to hold the elections on schedule.

Aoun also emphasized that diplomatic efforts have continued unabated to keep the specter of war at bay, noting that "things are heading in a positive direction".

The agency also cited Berri reaffirming that the elections will take place as planned, with "no delays, no extensions".

The Lebanese parliamentary elections are scheduled for May next year.