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RIYADH: US President Donald Trump announced a peace deal between Hamas and Israel as the two parties are wrapped up negotiations to find a way out of a two-year conflict that has cost thousands of lives and reduced much of Gaza to rubble. 

The president announced that hostages that are being held by both sides will be released in phase one of the agreement, which also includes the partial withdrawal of Israeli forces.

The first phase also includes the entry of aid into the enclave which has been on the brink of famine due to Israel’s blockade. 

Prime Minister Benjamin Netanyahu’s office issued a statement on the hostages, “With God’s help we will bring them all home.”

Meanwhile, US Secretary of State Marco Rubio is expected to attend a ministerial meeting to be held on Thursday in Paris with European, Arab and other states to discuss Gaza’s post-war transition, three diplomatic sources said on Wednesday.

The meeting, to be held in parallel with indirect talks between Israel and Hamas in Egypt on US President Donald Trump’s plan for Gaza, is intended to discuss how the plan would be implemented and assess countries’ collective commitments to the process.

According to a note sent to delegates, the meeting will follow up a conference on a “two-state solution” at the United Nations and is intended to agree on joint actions to make a contribution to the US plan for Gaza. The two-state solution would involve an independent Palestinian state alongside Israel.

Countries attending on Thursday will include France, Britain, Germany, Italy, Spain, Canada, and other regional countries.

The note had said Washington’s participation would depend on advances in the negotiations in Egypt.

A European diplomatic source said it was vital to have the United States present. An Italian diplomatic source underlined the importance of supporting Trump’s plan, which was “the only one possible.”

A French diplomatic source said the United States and Israel had been kept up to date with plans for the meeting and the agenda would include humanitarian aid for Gaza and the enclave’s reconstruction, disarmament of Hamas and support for the Palestinian Authority and Palestinian security forces.

The US Embassy in Paris was not immediately available for comment.

WASHINGTON: The United States said on Wednesday it was adding 15 Chinese companies to its restricted trade list for facilitating the purchase of American electronic components found in drones operated by Iranian proxies including Houthi and Hamas militants.
Ten companies in China were placed on the Commerce Department’s Entity List for facilitating the purchase of components found in weaponized unmanned aircraft systems operated by proxies including Yemen’s Houthi militants, according to a post in the Federal Register.
Five additional Chinese companies were listed after information that around October 7, 2023, Israel Defense Forces recovered numerous weaponized unmanned aerial vehicles (UAVs) operated by Iranian proxies including Hamas, the post said, and the debris showed multiple US-origin electronic components.
Hamas-led militants staged an attack in Israel that day that killed 1,200 people, according to Israeli tallies, and triggered the war in Gaza.
In all, the Commerce Department’s Bureau of Industry and Security is adding 29 entries to the list.
Arrow China Electronics Trading in Shanghai and other Chinese cities and Arrow Electronics (Hong Kong) are among the companies being placed on the list over US components for weaponized drones operated by Iranian proxies like the Houthis.
Both companies are subsidiaries of Centennial, Colorado-based Arrow Electronics, a components distributor which says it had global 2024 sales of $28 billion.
The companies have been and are continuing to operate in compliance with export regulations and the law, according to a statement from the US-headquartered company.
“We are in discussion with BIS concerning these listings and will provide further details as soon as they become available,” Arrow spokesperson John Hourigan said in the statement. “In the meantime, we will work to minimize supply chain disruptions to our partners.”
The US also added another Chinese company to the list for being part of an illicit network that obtains and supplies UAV and other components to front companies of the Islamic Revolutionary Guard Corps’ Quds Force (IRGC-QF).
Companies are placed on the Commerce Department’s Entity List for activities deemed contrary to US national security and foreign policy interests. Licenses are required to export to companies on the list, and are likely to be denied.