Egypt vows to block Palestinian displacement, hardens rhetoric on Gaza

Egypt vows to block Palestinian displacement, hardens rhetoric on Gaza
Smoke billows during Israeli strikes on the Mushtaha Tower in Gaza City on Sept. 5, 2025, amid the war between Israel and the Hamas militant movement. (AFP)
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Updated 06 September 2025
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Egypt vows to block Palestinian displacement, hardens rhetoric on Gaza

Egypt vows to block Palestinian displacement, hardens rhetoric on Gaza
  • "Displacement is not an option and it is a red line for Egypt, and we will not allow it to happen," Abdelatty said
  • "Displacement means liquidation and the end of the Palestinian cause”

NICOSIA: Egypt said on Friday it would not tolerate mass displacement of Palestinians and what it described as genocide, continuing to ratchet up its criticism of Israel's Gaza offensive as thousands of residents of Gaza City defied Israeli orders to leave.
"Displacement is not an option and it is a red line for Egypt, and we will not allow it to happen," Egyptian Foreign Minister Badr Abdelatty told reporters in Nicosia.
"Displacement means liquidation and the end of the Palestinian cause and there is no legal or moral or ethical ground to evict people from their homeland," he said.
His comments are in line with a hardening of Egyptian language this year about Israel's conduct in the enclave, which borders Egypt, even as it has worked with Qatar and the U.S. to try to mediate a ceasefire in the almost two-year-old war.
Repeating accusations of genocide levelled by the Egyptian leadership against Israel in recent months, he added: "What is happening on the ground is far beyond the imagination. There is a genocide in motion there, mass killing of civilians, artificial starvation created by the Israelis," Abdelatty said.
Israeli authorities did not immediately reply to a request for comment.
Israel has in the past strongly denied that its actions in Gaza amount to genocide and says they are justified as self defence. It is fighting a case at the International Court of Justice in the Hague that accuses it of genocide and which Israeli Prime Minister Benjamin Netanyahu has condemned as "outrageous".
Israel launched its assault on the Gaza Strip in October 2023, after fighters from Hamas, the Palestinian militant group in control of the territory, attacked southern Israel, killing 1,200 people and taking 250 hostages back into Gaza.
More than 64,000 Palestinians have since been killed, Gaza health authorities say, with much of the densely populated enclave laid to ruin and its residents facing a humanitarian crisis.
Israel began an offensive in Gaza City on August 10, in what Netanyahu says is a plan to defeat Hamas militants in the part of Gaza where Israeli troops fought most heavily in the war's initial phase. It now controls about 40 percent of Gaza City, a military spokesperson said on Thursday.
Much of Gaza City was laid to waste in the war's initial weeks in October-November 2023. About a million people lived there before the war, and hundreds of thousands are believed to have returned to live among the ruins, especially since Israel ordered people out of other areas and launched offensives elsewhere.


GCC insurance outlook stable on growth, diversification gains: Moody’s 

GCC insurance outlook stable on growth, diversification gains: Moody’s 
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GCC insurance outlook stable on growth, diversification gains: Moody’s 

GCC insurance outlook stable on growth, diversification gains: Moody’s 

RIYADH: The Gulf Cooperation Council’s insurance sector is expected to remain stable over the next 12 to 18 months, supported by strong economic growth and rising non-oil investments, according to Moody’s Ratings. 

In its latest GCC Insurance Outlook, Moody’s said economic diversification and compulsory insurance schemes are expected to underpin the sector’s growth. 

The region’s non-life segment, which represents more than 80 percent of premium revenues, will benefit from government-backed infrastructure and diversification projects, particularly in Saudi Arabia and the UAE, which together generate 80 percent of the GCC’s total insurance premiums. 

S&P Global Ratings has similarly projected sustained expansion for the Gulf’s insurance industry, particularly within the Islamic segment, which it expects to grow by around 10 percent annually in 2025 and 2026. 

In its latest report, Moody’s stated: “The industry will also benefit from the spread of compulsory insurance and rising demand for health and life cover.” 

It added: “Larger insurers will continue to outperform smaller ones, which will struggle to remain profitable because of intense price competition, rising claims, and high technology and regulatory costs.” 

Moody’s forecasted real gross domestic product growth of around 4 percent for 2026, led by the UAE and Saudi Arabia, with additional contributions from Kuwait, Oman, and Qatar. 

Expansion in construction, tourism, and manufacturing is expected to increase demand for property, liability, health, and specialty insurance, while greater consumer awareness and reduced subsidies in utilities and education are expected to boost demand for life and savings policies. 

According to the report, “Profitability is improving overall,” with non-life insurance prices rising in 2025, particularly in the UAE, where insurers raised premiums following heavy storm-related claims in 2024. 

Moody’s said the sector should post “positive underwriting profit for the remainder of 2025 and into 2026.” 

However, the agency noted that large insurers will capture most of the profitability gains next year due to economies of scale, while smaller peers “will struggle to make an underwriting profit amid intense competitive pressure.” 

Increased reinsurance prices, regulatory expenses, and technology investments are squeezing margins for smaller firms, and the dominance of insurance aggregators is further driving competition based on price. 

Moody’s also cautioned that GCC insurers’ high exposure to equities and real estate raises asset risks, particularly amid geopolitical uncertainty in the Middle East. 

“This increases the sector’s investment risk and magnifies its exposure to downside scenarios related to geopolitical tension,” the report said. 

Saudi insurers face additional strain on capital buffers due to slower profit growth and higher risk exposures, while UAE insurers have benefited from stronger profitability and price adjustments. 

Regulators across the GCC are tightening capital and risk requirements, which Moody’s expects will accelerate consolidation— especially in Saudi Arabia, where authorities have taken a more assertive stance on compliance. 

The agency added that while the sector’s outlook remains stable, market dynamics are shifting toward larger, better-capitalized players. Consolidation, it added, will ultimately “support the sector’s credit strength over time.”