This is an entry from: Live: Israel and Hamas claim victory as fragile ceasefire holds
Egypt to allocate $500m for Gaza rebuilding effort
18 May 2021 14:12 BST
The Egyptian presidency said it would allocate $500m to the Gaza strip, following over a week of heavy Israeli airstrikes on Gaza.
The presidency said the funds would be aimed towards rebuilding. Egyptian companies will also participate in rebuilding operations.
Gaza has suffered tens of millions of dollars' worth of damage following the heavy bombardment, which has flattened several residential towers and buildings.
The announcement came after a meeting between Egyptian President Abdel Fattah el-Sisi, French President Emmanuel Macron and Jordan’s King Abdullah in Paris.