Egypt's private sector will likely still import Israeli natural gas despite the discovery of the Zohr field as Egypt needs eight years to begin producing gas.

Yet another peace initiative? Cyprus and the EU reportedly offered a new venue to restart the failed negotiations between Israel and the Palestinian Authority.

A Cyprus criminal court sentenced Hussein Bassam Abdallah, a member of the terrorist group Hezbollah, to six years in prison after he pleaded guilty to attempting to carry out a terror attack against Israeli interests.