Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Gaza deal emerged after intense 96 hours, US officials say
    Headlines

    Gaza deal emerged after intense 96 hours, US officials say

    Gaza deal emerged after intense 96 hours, US officials say

    Published by Global Banking and Finance Review

    Posted on January 15, 2025

    Featured image for article about Headlines

    By Steve Holland

    WASHINGTON (Reuters) - A long-sought Gaza ceasefire-for-hostages deal emerged at the end of an intense 96 hours of negotiations in Doha brokered by U.S., Egyptian and Qatari diplomats who persuaded Israel and Hamas finally to conclude the agreement.

    A senior Biden administration official credited the presence of President-elect Donald Trump's incoming Middle East envoy, Steve Witkoff, as being critical to reaching the agreement announced on Wednesday after 15 months of war that devastated the Palestinian enclave and spread conflict across the Middle East.

    Leading the U.S. side was President Joe Biden's Middle East envoy, Brett McGurk, who had been in the region since Jan. 5 working closely on what the official called a "very complex arrangement."

    The agreement between Israel and Hamas got a big push across the finish line with Trump's repeated warnings there would be "hell to pay" in the Middle East if hostages held by the militant group were not released before his Jan. 20 inauguration, according to sources familiar with the matter.

    The deal, after months of on-off negotiations, gained momentum after Israel and Lebanon's Hezbollah militia agreed to a ceasefire in November, and negotiations reached a boiling point over the last 96 hours, the administration official said.

    A central obstacle was Hamas' refusal to acknowledge how many hostages it was holding or who among the hostages would be released in the first phase of the deal.

    The hostages were among the group seized by Hamas during the militant group's assault on southern Israel on Oct. 7, 2023, when the gunmen also killed 1,200 people, according to Israeli tallies.

    “That was the main issue just before Christmas time and we kept the pressure on Hamas and made clear there would not be a deal under any circumstance unless Hamas produced and agreed with the full list of hostages that would come out in the deal," the U.S. official said.

    At the end of December, Hamas agreed to the list of hostages, which accelerated the final phase toward reaching a deal to free hostages in exchange for the release of some Palestinian prisoners held by Israel, the official said.

    McGurk, who was in the region leading the U.S. team working to nail down the details, was later joined by Witkoff.

    The main points included terms of the ceasefire, the sequencing of the release of hostages, the number of Palestinian prisoners Israel would release in exchange and future humanitarian aid to Gaza, the official said.

    That phase of the negotiations became very intense.

    Witkoff's involvement with McGurk in the final phase of the talks was a "fruitful partnership between the two of them to help nail down some of the final arrangements and bring them to a conclusion,” said the official.

    Witkoff, a real estate investor close to Trump, also visited Israel to meet with Prime Minister Benjamin Netanyahu, and a person briefed on the deal said Witkoff "was able to pressure Netanyahu into accepting the deal and moving quickly."

    The U.S. official said that until 3 a.m. local time on Wednesday, McGurk and Egyptian and Qatari mediators were meeting with the Israeli team on the second floor of the negotiations venue while Hamas representatives were downstairs.

    The U.S. now hopes implementation can begin as soon as Sunday, the official said.

    The deal outlines a six-week initial ceasefire phase and includes the gradual withdrawal of Israeli forces from Gaza and release of hostages held by Hamas in exchange for Palestinian detainees held by Israel, a separate official briefed on the negotiations told Reuters.

    The agreement also requires 600 truckloads of humanitarian aid to be allowed into Gaza every day of the ceasefire, the official said.Israel's air and ground war in Gaza has killed more than 46,000 people, according to Gaza health ministry figures, with hundreds of thousands facing a severe humanitarian crisis.

    (Reporting by Steve Holland; Additional reporting by Matt Spetalnick and Erin Banco; Editing by Don Durfee and Daniel Wallis)

    Related Posts
    Explainer-Is peace in Ukraine any closer after Trump-Zelenskiy talks?
    Explainer-Is peace in Ukraine any closer after Trump-Zelenskiy talks?
    Italy's state railway teams up with Certares fund on high-speed trains abroad
    Italy's state railway teams up with Certares fund on high-speed trains abroad
    Exclusive-Hyundai not in a position to buy back Russian auto factory, source says
    Exclusive-Hyundai not in a position to buy back Russian auto factory, source says
    Zaporizhzhia power plant could restart in 18 months once the war ends, head says
    Zaporizhzhia power plant could restart in 18 months once the war ends, head says
    Kremlin says Ukraine should withdraw troops from Donbas, and a Putin-Trump call expected soon
    Kremlin says Ukraine should withdraw troops from Donbas, and a Putin-Trump call expected soon
    Egyptian-British activist Abd el-Fattah apologises for past social media posts
    Egyptian-British activist Abd el-Fattah apologises for past social media posts
    Factbox-China's war games around Taiwan over the years
    Factbox-China's war games around Taiwan over the years
    Indonesian authorities recover body during search for drowned Spanish soccer coach and his children
    Indonesian authorities recover body during search for drowned Spanish soccer coach and his children
    Czech 2025 budget likely to be in deeper deficit than targeted, new minister says
    Czech 2025 budget likely to be in deeper deficit than targeted, new minister says
    Zelenskiy says 20-point peace plan should be put to referendum in Ukraine
    Zelenskiy says 20-point peace plan should be put to referendum in Ukraine
    Bangladesh’s Gen-Z party faces revolt over Islamist alliance, risking its future
    Bangladesh’s Gen-Z party faces revolt over Islamist alliance, risking its future
    China stages record drills designed to encircle Taiwan
    China stages record drills designed to encircle Taiwan

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostIsrael hostage families on roller coaster of hope and despair as Gaza deal reached
    Next Headlines PostDrake sues longtime label UMG for defamation over Kendrick Lamar's 'Not Like Us'

    More from Headlines

    Explore more articles in the Headlines category

    Central bank chief urges Austria to rethink Mercosur deal opposition

    Central bank chief urges Austria to rethink Mercosur deal opposition

    One migrant dead and three missing after boat sinks off Greek island of Samos

    One migrant dead and three missing after boat sinks off Greek island of Samos

    Bulgaria prepares for the euro amid excitement and scepticism

    Bulgaria prepares for the euro amid excitement and scepticism

    South Korea's ex-First Lady Kim received bribes and meddled in state affairs, prosecutor says

    South Korea's ex-First Lady Kim received bribes and meddled in state affairs, prosecutor says

    Cricket-Potts in line for Sydney test after Atkinson injury

    Cricket-Potts in line for Sydney test after Atkinson injury

    Australia says Bondi review to check if terror attack could have been averted

    Australia says Bondi review to check if terror attack could have been averted

    Oil jumps 2% as investors weigh Ukraine talks against supply outlook

    Oil jumps 2% as investors weigh Ukraine talks against supply outlook

    Trump, Netanyahu to discuss next phase of Gaza plan

    Trump, Netanyahu to discuss next phase of Gaza plan

    North Korea's Kim Jong Un oversees cruise missile launches

    North Korea's Kim Jong Un oversees cruise missile launches

    Putin and Trump do not support European-Ukrainian temporary ceasefire idea, the Kremlin says

    Putin and Trump do not support European-Ukrainian temporary ceasefire idea, the Kremlin says

    Kosovo's ruling party set to win vote, exit poll shows

    Kosovo's ruling party set to win vote, exit poll shows

    One dead, two missing in southern Spain as torrential rains cause flash floods

    One dead, two missing in southern Spain as torrential rains cause flash floods

    View All Headlines Posts