Egypt's Sisi Presides over Inauguration of King Salman Int’l University in Sharm El-Sheikh

Egyptian President Abdul Fattah al-Sisi presided over the inauguration of the King Salman University in Sharm El-Sheikh. (SPA)
Egyptian President Abdul Fattah al-Sisi presided over the inauguration of the King Salman University in Sharm El-Sheikh. (SPA)
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Egypt's Sisi Presides over Inauguration of King Salman Int’l University in Sharm El-Sheikh

Egyptian President Abdul Fattah al-Sisi presided over the inauguration of the King Salman University in Sharm El-Sheikh. (SPA)
Egyptian President Abdul Fattah al-Sisi presided over the inauguration of the King Salman University in Sharm El-Sheikh. (SPA)

Egyptian President Abdul Fattah al-Sisi presided on Saturday over the inauguration of the King Salman University in the resort city of Sharm El-Sheikh.

The ceremony was attended by Governor of the Tabuk region Prince Fahd bin Sultan bin Abdulaziz Al Saud and several ministers and senior officials.

Sisi and Prince Fahd toured the university and were briefed on its construction process.

King Salman International University is among the major projects aimed at developing the Sinai Peninsula. The university boasts 15 faculties distributed among its three branches in El-Tor, Ras Sedr, and Sharm El-Sheikh and can accommodate 30,000 students, reported local Egyptian media.

Sisi inaugurated several other projects during his visit to Sharm El-Sheikh.



Rebuilding Gaza Will Cost Over $50 Billion, Says World Bank 

Palestinians walk past tents lining the streets amid the rubble of destroyed buildings in Jabalia, in the northern Gaza Strip on February 18, 2025, as people return to northern parts of Gaza during a current ceasefire deal in the war between Israel and Hamas. (AFP)
Palestinians walk past tents lining the streets amid the rubble of destroyed buildings in Jabalia, in the northern Gaza Strip on February 18, 2025, as people return to northern parts of Gaza during a current ceasefire deal in the war between Israel and Hamas. (AFP)
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Rebuilding Gaza Will Cost Over $50 Billion, Says World Bank 

Palestinians walk past tents lining the streets amid the rubble of destroyed buildings in Jabalia, in the northern Gaza Strip on February 18, 2025, as people return to northern parts of Gaza during a current ceasefire deal in the war between Israel and Hamas. (AFP)
Palestinians walk past tents lining the streets amid the rubble of destroyed buildings in Jabalia, in the northern Gaza Strip on February 18, 2025, as people return to northern parts of Gaza during a current ceasefire deal in the war between Israel and Hamas. (AFP)

The World Bank, United Nations and the European Union are pointing to a formidable international reconstruction effort ahead for Gaza, which they estimate will cost $53.2 billion.

“Funding will require a broad coalition of donors, diverse financing instruments, private sector resources and significant improvements in the delivery of reconstruction materials to Gaza,” said the report released Tuesday.

The organizations said they would work with partners to devise a “strategic plan” to oversee the recovery and reconstruction.

The report identified almost $30 billion in damage as a result of the war — with nearly half of that due to destruction of homes. The war has displaced an estimated 90% of Gaza’s population, and since a ceasefire took effect last month, many displaced Palestinians have returned to find their former homes in ruins.

The report said Gaza would require about $20 billion for recovery and reconstruction needs over the next three years.

It says an additional $33 billion will be needed in the long term, including funds to rebuild the territory’s social and health services and the battered economy.