Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & 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.

    1. Home
    2. >Headlines
    3. >Israel, Hamas ceasefire accord followed by airstrikes on Gaza, residents say
    Headlines

    Israel, Hamas Ceasefire Accord Followed by Airstrikes on Gaza, Residents Say

    Published by Global Banking & Finance Review®

    Posted on January 16, 2025

    5 min read

    Last updated: January 27, 2026

    Add as preferred source on Google
    A scene of devastation in Gaza after Israeli airstrikes killed at least 70 people, complicating ceasefire efforts. The image highlights the ongoing conflict and its impact on civilians.
    Destruction in Gaza following Israeli airstrikes amid ceasefire negotiations - Global Banking & Finance Review
    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

    Quick Summary

    Israel and Hamas have agreed to a ceasefire starting Sunday, despite ongoing airstrikes in Gaza. Negotiations continue to finalize the deal.

    Israel and Hamas Agree to Ceasefire Amidst Gaza Airstrikes

    By Andrew Mills, Nidal al-Mughrabi and Maayan Lubell

    DOHA/CAIRO/JERUSALEM (Reuters) - The Gaza Strip ceasefire should begin on Sunday as planned, despite the need for negotiators to tie up a "loose end" at the last minute, U.S. Secretary of State Antony Blinken said on Thursday.

    With longstanding divisions apparent among ministers, Israel delayed cabinet meetings to ratify the ceasefire with Hamas, and media reports said voting could occur Friday or even Saturday, although the deal is expected to be approved.

    Israel blamed the militant group for the hold-up, even as Israeli warplanes pounded Gaza in some of the most intense strikes for months. Palestinian authorities said at least 86 people were killed in the day since the truce was unveiled.

    Hamas senior official Izzat el-Reshiq said the group remained committed to the ceasefire deal, which is scheduled to take effect from Sunday to halt 15 months of bloodshed.

    "It's not exactly surprising that in a process and negotiation that has been this challenging and this fraught, you may get a loose end," Blinken told a press conference in Washington. "We're tying up that loose end as we speak."

    A U.S. official, who spoke on condition of anonymity, said the parties were making good progress in ironing out the last-minute obstacles. "I think we’re going to be okay," the official told Reuters.

    Earlier the official said the sole remaining dispute was over the identities of some prisoners Hamas wanted released. Envoys of President Joe Biden and President-elect Donald Trump were in Doha with Egyptian and Qatari mediators working to resolve it, the official said.

    Inside Gaza, joy over the truce gave way to sorrow and anger at the intensified bombardment that followed the announcement.

    Tamer Abu Shaaban's voice cracked as he stood over the tiny body of his young neice wrapped in a white shroud on the tile floor of a Gaza City morgue. She had been hit in the back with shrapnel from a missile as she played in the yard of a school where the family was sheltering, he said.

    "Is this the truce they are talking about? What did this young girl, this child, do to deserve this? What did she do to deserve this? Is she fighting you, Israel?" he asked.

    The ceasefire accord emerged on Wednesday after mediation by Qatar, Egypt and the U.S. to stop the war that began with deadly Hamas attacks on Israel and saw Israeli forces kill tens of thousands of Palestinians and devastate Gaza.

    The deal outlines a six-week initial ceasefire with the gradual withdrawal of Israeli forces. Dozens of hostages taken by Hamas would be freed in exchange for hundreds of Palestinian prisoners detained in Israel.

    It paves the way for a surge in humanitarian aid for Gaza, where the majority of the population has been displaced, facing hunger, sickness and cold. Rows of aid trucks were lined up in the Egyptian border town of El-Arish waiting to cross into Gaza, once the border is reopened.

    Peace could also have wider benefits across the Middle East, including ending disruption to global trade from Yemen's Iran-aligned Houthi movement which has attacked ships in the Red Sea. The movement's leader Abdul Malik al-Houthi said his group would monitor the ceasefire and continue attacks if it is breached.

    MEETING DELAYED

    Israel's acceptance of the deal will not be official until it is approved by the security cabinet and government. A vote had been expected on Thursday, but Prime Minister Benjamin Netanyahu delayed the meeting, accusing Hamas of making last-minute demands.

    "The Israeli cabinet will not convene until the mediators notify Israel that Hamas has accepted all elements of the agreement," Netanyahu's office said.

    Israeli media outlets reported the cabinet was expected to vote on Friday or Saturday, but the prime minister's office declined to comment on the timing.

    Hardliners in Netanyahu's government were still hoping to stop the deal, though a majority of ministers were expected to back it and ensure its approval.

    Hardline National Security Minister Itamar Ben-Gvir said on Thursday he would resign from the government if it ratifies the Gaza deal.

    But opposition leader Yair Lapid told the prime minister in a post on X that he would "get every safety net you need to make the hostage deal," suggesting opposition lawmakers would support the government to ensure the return of hostages.

    In Jerusalem, some Israelis marched through the streets carrying mock coffins in protest at the ceasefire, blocking roads and scuffling with police. Other protesters blocked traffic until security forces dispersed them.

    The agreement leaves the fate of most of the remaining 98 Israeli hostages still in Gaza unresolved for now. The list of 33 due to go free in the first phase includes women, children, elderly, sick and wounded.

    Palestinians said they were desperate for the bombing to stop as soon as possible.

    "We lose homes every hour. We demand for this joy not to go away, the joy that was drawn on our faces - don't waste it by delaying the implementation of the truce until Sunday," said Mahmoud Abu Wardeh.

    Israel launched its campaign in Gaza after Hamas-led gunmen burst into Israeli border-area communities on Oct. 7, 2023, killing 1,200 soldiers and civilians and abducting over 250 hostages, according to Israeli tallies.

    If successful, the ceasefire would halt fighting that has razed much of heavily urbanised Gaza, killed over 46,000 people, and displaced most of the tiny enclave's pre-war population of 2.3 million, according to Gaza authorities.

    (Reporting by Andrew Mills in Doha, Nidal al-Mughrabi in Cairo, Maayan Lubell in Jerusalem, Jana Choukeir, Clauda Tanios and Nayera Abdallah in Dubai; additional reporting by James Mackenzie and Emily Rose, Howard Goller, Ramadan Abed, Steve Holland and Alexander Cornwell; Writing by Cynthia Osterman, Michael Georgy, Peter Graff; Editing by Sharon Singleton, Toby Chopra and Deepa Babington)

    Key Takeaways

    • •Israel and Hamas have agreed to a ceasefire starting Sunday.
    • •Intense airstrikes on Gaza continue despite the ceasefire announcement.
    • •Negotiations face last-minute challenges over prisoner releases.
    • •Humanitarian aid is poised to enter Gaza following the truce.
    • •The ceasefire could impact broader Middle East peace efforts.

    Frequently Asked Questions about Israel, Hamas ceasefire accord followed by airstrikes on Gaza, residents say

    1What is the main topic?

    The main topic is the ceasefire agreement between Israel and Hamas amidst ongoing airstrikes in Gaza.

    2What are the challenges in the ceasefire agreement?

    Challenges include last-minute negotiations over prisoner releases and ongoing airstrikes in Gaza.

    3What are the expected outcomes of the ceasefire?

    Expected outcomes include a halt to hostilities, release of hostages, and increased humanitarian aid to Gaza.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Russian mariner held after Houthi Red Sea attack leaves Yemen for home
    Russian Mariner Held After Houthi Red Sea Attack Leaves Yemen for Home
    Image for Russian forces maintain day-long drone barrage of Ukraine's Kharkiv
    Russian Forces Maintain Day-Long Drone Barrage of Ukraine's Kharkiv
    Image for UN-backed Haiti mission implicated in four cases of sexual abuse, report shows
    UN-backed Haiti Mission Implicated in Four Cases of Sexual Abuse, Report Shows
    Image for Zelenskiy offers Ukraine's maritime expertise with Strait of Hormuz
    Zelenskiy Offers Ukraine's Maritime Expertise With Strait of Hormuz
    Image for Hamas wants guarantees of Israeli troop withdrawal before disarmament talks, sources say
    Hamas Wants Guarantees of Israeli Troop Withdrawal Before Disarmament Talks, Sources Say
    Image for Washing priests' feet, Pope Leo urges Catholics to aid the oppressed
    Washing Priests' Feet, Pope Leo Urges Catholics to Aid the Oppressed
    Image for Medical needs surging in Iran and supplies under threat, Red Cross warns
    Medical Needs Surging in Iran and Supplies Under Threat, Red Cross Warns
    Image for Russian court convicts German sculptor in absentia for depicting Putin and patriarch in sex act
    Russian Court Convicts German Sculptor in Absentia for Depicting Putin and Patriarch in Sex Act
    Image for Six Ukrainian children to be returned from Russia and reunited with families, US says
    Six Ukrainian Children to Be Returned From Russia and Reunited With Families, US Says
    Image for Three men face trial in Poland over alleged Russia‑linked arson attacks
    Three Men Face Trial in Poland Over Alleged Russia‑linked Arson Attacks
    Image for Ancient Romanian artefacts recovered after Dutch heist
    Ancient Romanian Artefacts Recovered After Dutch Heist
    Image for Ukrainian army draft officer fatally stabbed on duty
    Ukrainian Army Draft Officer Fatally Stabbed on Duty
    View All Headlines Posts
    Previous Headlines PostExclusive-Chinese Buyers Interested in Unwanted German Volkswagen Factories, Source Says
    Next Headlines PostTaiwan Navy to Protect Sea Cables if Needed, Defence Minister Says