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    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.
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    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.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on February 5, 2025

    Featured image for article about Headlines

    By Kanishka Singh

    WASHINGTON (Reuters) - President Donald Trump on Tuesday proposed a U.S. takeover of Gaza where Israel's military assault in the last 16 months has killed tens of thousands, after he earlier suggested that Palestinians in the enclave should be permanently displaced.

    Trump's earlier comments that Palestinians should move to Egypt and Jordan were rejected publicly by Palestinian leaders and leaders of the Arab world while being condemned by human rights advocates as amounting to a proposal of ethnic cleansing.

    Trump did not offer much detail on his proposal. Here are some remarks that he made and questions that he answered during a press conference on Tuesday at the White House with Israeli Prime Minister Benjamin Netanyahu:

    WHAT DID TRUMP SAY?

    "The U.S. will take over the Gaza Strip, and we will do a job with it too. We'll own it and be responsible for dismantling all of the dangerous unexploded bombs and other weapons on the site, level the site, and get rid of the destroyed buildings, level it out, create an economic development that will supply unlimited numbers of jobs and housing for the people of the area," Trump said in his opening remarks at the press conference.

    WHO DID HE SAY WILL TAKE PALESTINIANS FROM GAZA?

    Trump said Washington will ask other neighboring countries to take in Palestinians displaced from Gaza. Since Jan. 25, he has repeatedly asked Egypt and Jordan to do so. They and other Arab states have rejected his proposal.

    "Instead, we should go to other countries of interest with humanitarian hearts, and there are many of them that want to do this and build various domains that will ultimately be occupied by the 1.8 million Palestinians living in Gaza, ending the death and destruction and frankly, bad luck. This could be paid for by neighboring countries of great wealth," Trump said on Tuesday.

    Gaza's population before the war was 2.3 million.

    WILL THE U.S. SEND TROOPS FOR TRUMP'S PLAN?

    "We'll do what is necessary. If it's necessary, we'll do that. We're going to take over that piece. We're going to develop it, create thousands and thousands of jobs, and it'll be something that the entire Middle East can be very proud of," Trump said when was asked if Washington would send U.S. troops to Gaza under his proposal.

    DOES TRUMP SUPPORT A TWO-STATE SOLUTION?

    The United States has for decades backed a two-state solution between the Israelis and the Palestinians that would create a state for Palestinians in the Israeli-occupied West Bank and Gaza alongside Israel. Trump was asked if under him Washington no longer supported that.

    "It doesn't mean anything about a two state or one state or any other state, it means that .. we want to give people a chance at life ... because the Gaza Strip has been a hell hole for people living there," Trump said without directly answering the question.

    WHO WILL LIVE IN GAZA UNDER TRUMP'S PLAN?

    "I envision world people living there, the world's people," Trump said when asked who did he envision living in Gaza.

    "Palestinians also, Palestinians will live there, many people will live there," he added without elaborating further.

    CONTEXT

    The latest bloodshed in the decades-old Israeli-Palestinian conflict was triggered on Oct. 7, 2023, when Palestinian Hamas militants attacked Israel, killing 1,200 and taking some 250 hostages, according to Israeli tallies.

    Israel's military assault on Gaza has killed over 47,000 Palestinians, according to the Gaza health ministry, and led to accusations of genocide and war crimes that Israel denies.

    The assault has also internally displaced nearly Gaza's entire population and caused a hunger crisis. The fighting has currently paused amid a fragile ceasefire.

    (Reporting by Kanishka Singh; Editing by Scott Malone and Stephen Coates)

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