Abdel Fattah al-Sisi

Egypt's President Abdel Fattah al-Sisi begins his third term this week buoyed by massive fresh financing, but experts say the road out of economic crisis will still be long and arduous.

Sisi won December's presidential election with 89.6 percent of the vote, standing against three unknowns.

The European Union and Egypt on Sunday signed a 7.4-billion-euro financial package to support the indebted north African country, boost energy sales to Europe and stem irregular migrant flows.

Greek Prime Minister Kyriakos Mitsotakis expressed satisfaction with the upgrade of European Union relations with Egypt to a Comprehensive and Strategic Partnership, according to government sources commenting on the meeting, in Cairo, with Egyptian President Abdel Fattah al-Sisi on Sunday.

Prospects for an Israel-Hamas ceasefire dimmed Sunday after the United States signalled it would veto the latest push for a U.N. Security Council resolution and mediator Qatar acknowledged that truce talks on the other diplomatic front have hit an impasse.

Turkish President Tayyip Erdogan said on Wednesday that Turkey was ready to cooperate with Egypt to rebuild Gaza as he made his first visit to the country since 2012.

Erdogan and his Egyptian counterpart Abdel Fattah al-Sisi held a joint news conference on Wednesday in Cairo after bilateral talks, taking a big step toward rebuilding relations between the regional powers.

Negotiations to pause the Israel-Hamas war and free the remaining hostages headed into a second day in Cairo yesterday, as displaced Gazans braced for an expected Israeli assault on their last refuge of Rafah.

Turkish President Tayyip Erdogan made his first visit to Egypt since 2012 on Wednesday to meet President Abdel Fattah al-Sisi, taking a big step toward rebuilding ties between the regional powers.

Israeli officials believe that the armed forces have killed or seriously wounded half of the fighters of the Islamist group Hamas, which the Jewish state has been at war with since the October 7 attack that killed 1,200 people.

The leadership's current assessment is that the end of the months-long offensive in the Gaza Strip will take months, not years, The Times of Israel reports.

U.S. Secretary of State Antony Blinken visited Egypt on Tuesday as part of his latest Middle East crisis tour, seeking a new ceasefire and "an enduring end" to the Israel-Hamas war.

Turkey agreed to provide its increasingly popular drones to Egypt after the two countries normalised ties following a decade of rupture, Foreign Minister Hakan Fidan said on Sunday.