Palestinians celebrate the announcement of a ceasefire agreement between Hamas and Israel in Khan Younis, in the southern Gaza Strip. EPA
Palestinians celebrate the announcement of a ceasefire agreement between Hamas and Israel in Khan Younis, in the southern Gaza Strip. EPA
Palestinians celebrate the announcement of a ceasefire agreement between Hamas and Israel in Khan Younis, in the southern Gaza Strip. EPA
Palestinians celebrate the announcement of a ceasefire agreement between Hamas and Israel in Khan Younis, in the southern Gaza Strip. EPA

UAE welcomes Gaza ceasefire announcement as peace hopes rise


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The UAE on Thursday welcomed US President Donald Trump's announcement of an agreement on the first phase of a ceasefire deal in Gaza.

The Ministry of Foreign Affairs said that Mr Trump had played a prominent role in urging all parties to take action to stop the war in the enclave.

The Ministry also thanked diplomats from Qatar, Egypt, and Turkey for their work on the crucial peace pact and expressed hope that it would prove to be a positive step in efforts to end the humanitarian suffering in Gaza and pave the way for a lasting settlement that guarantees the rights of Palestinians in the region.

It also reiterated the UAE’s support for all regional and international efforts aimed at achieving peace while emphasising the need for unhindered humanitarian aid to pass freely into the enclave.

Mr Trump earlier said Israel and Hamas had agreed to the first phase of the ceasefire plan, raising hopes that an end could be in sight to a conflict that has devastated the enclave and resulted in the deaths of tens of thousands of people.

Qatar, which helped broker the deal along with Egypt, the US and Turkey, said the deal was the “first phase of the Gaza ceasefire agreement, which will lead to ending the war, the release of Israeli hostages and Palestinian prisoners, and the entry of aid”.

Global call for peace

News of the deal sparked small celebrations in Israel and Gaza and won widespread support across the region and beyond.

Egypt's President Abdel Fattah El Sisi hailed the ceasefire agreement reached between Israel and Palestinian resistance factions in Sharm El Sheikh as a “historic moment” that embodies the triumph of peace over war.

UK Prime Minister Keir Starmer described the agreement as "a moment of profound relief that will be felt around the world", in a statement shared on X. He said it was particularly significant for "the hostages, their families and for the civilian population of Gaza, who have all endured unimaginable suffering over the last two years".

The French President Emmanuel Macron said the agreement "must mark the end of the war and the beginning of a political solution based on the two-state solution".

The UN Secretary General Antonio Guterres said the "stakes have never been higher" as the world seeks to deliver lasting peace. "The UN will support the full implementation of the agreement and will scale up the delivery of sustained and principled humanitarian relief, and we will advance recovery and reconstruction efforts in Gaza," he said on X.

"I urge all stakeholders to seize this momentous opportunity to establish a credible political path forward towards ending the occupation, recognising the right to self-determination of the Palestinian people, leading to a two-state solution to enable Israelis and Palestinians to live in peace and security.

The UN's aid chief Tom Fletcher called the agreement on the first stage of Donald Trump's Gaza peace plan “great news”, saying his teams were “fully mobilised to get the trucks moving at scale” in a post on X. “Let’s get the hostages out and surge aid in – fast,” the UN’s under secretary general for humanitarian affairs added.

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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Earth under attack: Cosmic impacts throughout history

4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

Updated: October 09, 2025, 12:37 PM