How will Egypt handle Gaza?
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 18 October 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Alarm is mounting in Egypt that Gaza’s deepening humanitarian crisis will be thrust across its borders, Scotland’s first minister said the country would issue its own government bonds for the first time, and big US bank earnings have been better than expected.
Mentioned in this podcast:
Fear of Gaza exodus looms over Egypt
Scotland to issue bonds for the first time, says SNP’s Humza Yousaf
JPMorgan profits jump 35% on interest rate windfall
Citi profits edge higher despite worries over consumer finances
Goldman chief David Solomon calls time on high-profile DJ gigs
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:04.4 | Today is Wednesday, October 18th, and this is your FT News briefing. |
| 0:08.8 | Egypt has to make some tough decisions on how to handle Gaza. |
| 0:12.9 | Scotland is going to start issuing government debt, and what's going on with bank earnings? |
| 0:18.5 | You're seeing a story play out that is kind of a miniature version of a story we have seen |
| 0:27.0 | in the wider economy. |
| 0:28.7 | And I think of this story as the dog that didn't bite. |
| 0:33.4 | Yet. |
| 0:34.4 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:52.2 | Egypt is the only country other than Israel to share a border with Gaza. |
| 0:56.7 | Now, Cairo is under pressure to help the people in Gaza that are stuck between Hamas |
| 1:01.4 | and an impending Israeli ground invasion. |
| 1:04.8 | Egypt's Rafa crossing is a potential way to get aid into Gaza and for people to get out. |
| 1:10.5 | But this route has so far stayed closed. |
| 1:14.2 | Hibba Saleh is the FT's Cairo correspondent, and she joins me now to discuss Egypt's dilemma. |
| 1:19.0 | Hi, Hibba. |
| 1:20.0 | Hello. |
| 1:21.0 | So, what's the situation at the Rafa crossing right now? |
| 1:23.8 | I mean, what are you hearing about what's happening on the ground? |
| 1:26.9 | What's happening on the ground is that from the Egyptian side, trucks loaded with aid |
| 1:34.4 | have arrived near the border crossing. |
| 1:37.8 | So there's plenty of aid waiting to get into Gaza on the Palestinian side every day hundreds |
... |
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