US President Donald Trump and other world leaders signed the first phase of the Gaza ceasefire agreement during a summit in Egypt after Israeli hostages and Palestinians prisoners and detainees were released.

The meeting in Sharm el-Sheikh, Egypt, could expedite an end to the Gaza war, but regional powers must still resolve the thorny details that have stymied negotiations.

President Trump has arrived in Egypt for the Mideast peace summit. This comes after all the living hostages held by Hamas were freed and are now in Israel. MSNBC White House Correspondent Akayla Gardner reports more.

Mediators Egypt, Qatar and Turkey signed on Monday with U.S. President Donald Trump a document on the Gaza ceasefire deal.

Israel has also released almost 2,000 Palestinian detainees, with busloads greeted by huge crowds in the occupied West Bank.

Indonesia is believed to be the only Southeast Asian nation attending the summit on the Gaza war agreement, and one of the few attending countries that has not established diplomatic relations with Israel.

(Reuters) -S&P Global upgraded Egypt's rating by a notch on Friday, citing ongoing reforms that have led to a sharp rebound in GDP growth, while Fitch highlighted the country's fairly high growth potential and strong support from partners in its affirmation.