Palestinians gained 'nothing' from October 7, Egyptian businessman Naguib Sawiris says

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Published: 2026-10-08T11:21:21.898Z • Permanent link

Egyptian businessman Naguib Sawiris has expressed his deep concern over the devastating impact of the October 7 attacks on Palestinians, stating that they gained "nothing" from the tragic event. Sawiris, who has been a vocal advocate for peace and stability in the Middle East, condemned the attacks as a "horrible act of terrorism" that brought Palestinians only destruction. The attacks, which targeted Israeli civilians and military personnel, were carried out by Palestinian militants affiliated with the Islamic Jihad group.

The attacks occurred on October 7, a day that will be remembered as a dark and tragic day for the region. Palestinian militants launched a wave of rocket and mortar attacks from the Gaza Strip, targeting Israeli cities and military installations. The Israeli military responded with force, launching airstrikes and artillery attacks on Palestinian positions. The violence resulted in the deaths of dozens of Palestinians and Israelis, leaving many more injured and displaced. Sawiris, who is also the owner of the Orascom Construction Industries conglomerate, has been a long-time critic of the Islamic Jihad group and its violent tactics.

The attack on October 7 was a stark reminder of the ongoing conflict between Israelis and Palestinians, a conflict that has been raging for decades. The violence has resulted in the deaths of thousands of people, the displacement of hundreds of thousands, and the destruction of entire communities. Sawiris's comments serve as a stark reminder of the devastating consequences of terrorism and the importance of promoting peace and stability in the region.

Sawiris's comments have significant implications for the Data Sources domain, particularly for research communities and markets focused on the Middle East. The attack on October 7 has raised concerns about the stability of the region and the potential for future violence. This has significant implications for companies operating in the region, including those involved in construction, finance, and technology.

The attack on October 7 has also raised questions about the effectiveness of the Israeli military's response to Palestinian militant attacks. The Israeli military has been criticized for its use of force, with some arguing that it has contributed to the escalation of violence in the region. Sawiris's comments highlight the need for a more nuanced approach to conflict resolution, one that takes into account the complex historical, cultural, and political factors at play in the region.

Research communities and markets focused on the Middle East will be watching the situation closely, as the attack on October 7 has significant implications for the region's stability and security. The Israeli government has promised to take action against Palestinian militant groups, and the international community has called for restraint on all sides. Sawiris's comments serve as a reminder of the need for a more constructive approach to conflict resolution, one that prioritizes the protection of civilians and the promotion of peace.