Nir Barkat, Israel's economy minister, discusses the country's war with Hamas, the long-awaited ceasefire and how its economy is faring with CNBC's Dan Murphy at the World Economic Forum in Davos.

The Israel-Hamas war has put back development in Gaza by 60 years and mobilising the tens of billions of dollars needed for reconstruction will be an uphill task, the United Nations said.

Iranian Vice President Mohammad Javad Zarif on Wednesday said that Hamas’s attack on Israel on October 7, 2023 “destroyed” the opportunity for negotiations with the US to revive a landmark nuclear agr

Iran's Vice President Zarif said its allies in the region, including Hamas, have “always worked for their own cause, even at our expense”.

Palestinian construction magnate and activist Samer Khoury gave credit to President Donald Trump for securing the cease-fire and hostage-release deal underway between Israel and Hamas, while downplaying President Joe Biden’s willingness to engage.

Israel's economy minister said on Wednesday it seeks a peaceful Gaza but has not decided whether to help fund its reconstruction and would not allow the rebuilding of Hamas rule that he said could lead to another cross-border militant attack.

The first three hostages held by Hamas and some prisoners held by Israel are scheduled to be exchanged following the cessation of hostilities Sunday.

Saudi Arabia's foreign minister said on Tuesday he did not see Donald Trump's new administration increasing the risk of an Israel-Iran conflict, addressing an issue the region has feared since the start of Israel's war in Gaza.

Qatar’s prime minister said on Tuesday that a lasting peace in Gaza would depend on Israel and Hamas acting in “good faith,” days into a fragile truce

The United Nations secretary-general has warned that Israel might seize the opportunity to annex the occupied West Bank.

Nir Barka also said that former U.S. President Joe Biden "restrained Israel," and expressed optimism about support from President Donald Trump.

European nations are funding a controversial United Nations group linked to Palestinian terrorism — while shirking their obligations to NATO, records show.