IBOV 166,191.45 ▼ 0.82% IPC MEX 70,879.44 ▲ 0.08% MERVAL 2,848,945 — — USD/BRL5.50▲ 0.83% USD/MXN18.72▲ 0.50% USD/CLP977.69▲ 1.16% USD/COP3,238▼ 0.39% USD/PEN3.44▼ 0.08% USD/ARS1,545▼ 0.19% USD/UYU40.22▲ 3.24% USD/PYG6,358▲ 9.88% USD/BOB11.92▲ 1.74% USD/DOP60.57▲ 0.12% USD/CRC449.63▲ 2.27% USD/GTQ7.64▲ 3.16% USD/HNL26.87▼ 0.09% USD/NIO36.62▲ 0.07% USD/VES892.65▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.67% USD/TTD6.64▲ 1.14% EUR/BRL6.18▲ 0.53% BRENT 99.19 ▲ 4.83% WTI 91.20 ▲ 3.50% IRON ORE 161.91 — — COPPER 6.21 ▼ 2.95% GOLD 4,098 ▲ 0.62% SILVER 51.85 ▼ 0.52% SOY 1,190 ▼ 0.29% CORN 440.75 ▼ 0.79% WHEAT 599.25 ▲ 0.13% COFFEE 277.40 ▼ 0.84% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 136.15 ▲ 3.54% COTTON 78.45 ▲ 0.44% COCOA 5,290 ▼ 3.04% BEEF 214.48 ▼ 1.62% CATTLE 320.58 ▼ 3.45% LITHIUM 60.18 ▼ 2.75% PETR4 45.95 ▼ 2.48% VALE3 62.67 ▲ 0.51% ITUB4 39.97 ▲ 0.65% BBDC4 13.77 ▼ 2.06% ABEV3 15.48 ▲ 1.51% BBAS3 16.49 — 0.00% B3SA3 14.36 ▲ 0.42% WEGE3 48.30 ▼ 3.50% PRIO3 61.54 ▼ 0.97% SUZB3 52.29 ▼ 0.11% RENT3 29.07 ▼ 1.32% AZZA3 14.06 ▲ 0.64% CSAN3 2.50 ▲ 4.60% RAIZ4 27.57 ▲ 1.73% PCAR3 2.39 ▲ 3.91% GMAT3 3.71 ▲ 5.10% PSSA3 43.71 ▼ 2.63% CVCB3 0.82 ▲ 1.23% POSI3 3.11 ▼ 1.89% SLCE3 16.35 ▼ 1.51% NATU3 5.35 ▼ 1.29% BRKM5 3.03 ▼ 0.66% RANI3 8.46 ▼ 1.97% CSNA3 4.05 ▼ 0.74% IBOV 166,191.45 ▼ 0.82% IPC MEX 70,879.44 ▲ 0.08% MERVAL 2,848,945 — — USD/BRL 5.50 ▲ 0.83% USD/MXN 18.72 ▲ 0.51% USD/CLP 977.69 ▲ 1.16% USD/COP 3,238 ▼ 0.39% USD/PEN 3.44 ▼ 0.08% USD/ARS 1,545 ▼ 0.19% USD/UYU 40.22 ▲ 3.24% USD/PYG 6,358 ▲ 9.88% USD/BOB 11.92 ▲ 1.74% USD/DOP 60.57 ▲ 0.12% USD/CRC 449.63 ▲ 2.27% USD/GTQ 7.64 ▲ 3.16% USD/HNL 26.87 ▼ 0.09% USD/NIO 36.62 ▲ 0.07% USD/VES 892.65 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.67% USD/TTD 6.64 ▲ 1.14% EUR/BRL 6.16 ▲ 0.34% BRENT 99.19 ▲ 4.83% WTI 91.20 ▲ 3.50% IRON ORE 161.91 — — COPPER 6.21 ▼ 2.95% GOLD 4,098 ▲ 0.62% SILVER 51.85 ▼ 0.52% SOY 1,190 ▼ 0.29% CORN 440.75 ▼ 0.79% WHEAT 599.25 ▲ 0.13% COFFEE 277.40 ▼ 0.84% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 136.15 ▲ 3.54% COTTON 78.45 ▲ 0.44% COCOA 5,290 ▼ 3.04% BEEF 214.48 ▼ 1.62% CATTLE 320.58 ▼ 3.45% LITHIUM 60.18 ▼ 2.75% PETR4 45.95 ▼ 2.48% VALE3 62.67 ▲ 0.51% ITUB4 39.97 ▲ 0.65% BBDC4 13.77 ▼ 2.06% ABEV3 15.48 ▲ 1.51% BBAS3 16.49 — 0.00% B3SA3 14.36 ▲ 0.42% WEGE3 48.30 ▼ 3.50% PRIO3 61.54 ▼ 0.97% SUZB3 52.29 ▼ 0.11% RENT3 29.07 ▼ 1.32% AZZA3 14.06 ▲ 0.64% CSAN3 2.50 ▲ 4.60% RAIZ4 27.57 ▲ 1.73% PCAR3 2.39 ▲ 3.91% GMAT3 3.71 ▲ 5.10% PSSA3 43.71 ▼ 2.63% CVCB3 0.82 ▲ 1.23% POSI3 3.11 ▼ 1.89% SLCE3 16.35 ▼ 1.51% NATU3 5.35 ▼ 1.29% BRKM5 3.03 ▼ 0.66% RANI3 8.46 ▼ 1.97% CSNA3 4.05 ▼ 0.74%
since 2009
Thursday, November 5, 2026

World-News Egypt

U.S. Rejects Egypt’s $53 Billion Gaza Reconstruction Plan, Backing Trump’s Vision

By · March 5, 2025 · 2 min read

The United States and Israel have rejected Egypt’s ambitious $53 billion reconstruction plan for Gaza, endorsed by Arab League nations during a summit in Cairo.

The proposal aimed to rebuild the devastated enclave without displacing its 2.1 million Palestinian residents, contrasting sharply with former President Donald Trump’s controversial vision of transforming Gaza into a luxury investment zone devoid of Palestinians.

Egypt’s plan, structured over five years, proposed three phases: clearing debris and unexploded ordnance, rebuilding housing and utilities, and developing ports, an airport, and industrial zones.

Free daily brief — no card needed
Get every Egypt story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

The initiative envisioned funding from international entities like the United Nations and private investors. Arab leaders unanimously backed the proposal, emphasizing that Palestinians must remain in Gaza, rejecting displacement as “ethnic cleansing” and a violation of international law.

Despite its broad support, the White House dismissed the plan as unrealistic. National Security Council spokesperson Brian Hughes stated that Gaza’s current state—marked by widespread destruction from Israel’s military operations—renders it uninhabitable.

U.S. Rejects Egypt’s $53 Billion Gaza Reconstruction Plan, Backing Trump’s Vision
U.S. Rejects Egypt’s $53 Billion Gaza Reconstruction Plan, Backing Trump’s Vision.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Trump reiterated his commitment to a Gaza free from Hamas, proposing instead to depopulate the territory and redevelop it as a “Middle Eastern Riviera.” Critics have labeled this approach as ethnic cleansing.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Brazil halts rate cuts at 13.75% after five in a row”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Deepening Divides Over Gaza’s Future Amid Geopolitical Tensions

Israel echoed U.S. concerns, rejecting both Egypt’s proposal and any role for Hamas or the Palestinian Authority (PA) in Gaza’s governance. Prime Minister Benjamin Netanyahu supported Trump’s vision but provided no details on implementation.

Israel insists on Hamas disarmament—a condition absent from Egypt‘s plan—which Hamas firmly opposes. The Egyptian initiative also included a transitional administration of independent Palestinian professionals before transferring control to the PA.

It proposed holding parliamentary and presidential elections for the first time in nearly two decades. However, uncertainty looms over funding sources, with Gulf states like Saudi Arabia and the UAE hesitant due to security concerns surrounding Hamas.

The rejection of Egypt’s plan highlights deep geopolitical divides over Gaza’s future. While Arab nations advocate reconstruction without displacement, the U.S. and Israel prioritize security measures and align with Trump’s vision.

As tensions persist amid a fragile ceasefire, Gaza remains trapped in political deadlock, leaving millions of Palestinians facing an uncertain future.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.