While israel is disappointed with Egyptian efforts to stop the smuggling of weapons over the border into Gaza, joint intelligence efforts between the two countries are ongoing and there have been recent successes in tracking down terrorists in the Strip and in Sinai.
Last week the Egyptians arrested 25 terror suspects living in northern Sinai, with Israel's help. They are currently searching for a cell of seven jihadists still at large in the desert.
They were there simply to visit one of Egypt’s archaeological treasures, the temple of Hatshepsut in the southern town of Luxor.
But the visit became a nightmare as six men, armed with firearms and knives, fired on them.
For 45 minutes the tourists were trapped inside the temple while their assailants systematically murdered them. They ten hijacked a bus but were stopped by a police shootout, in which three Egyptian tour guides died.
The head of Egypt’s Jewish community has escaped prison after winning an appeal against a fraud conviction.
Carmen Weinstein was found not guilty of defrauding a businessman out of more than £320,000 by an appeals court in Cairo.
In July Ms Weinstein, 82, was sentenced to three years in prison for selling a property which she did not own. She was alleged to have taken money from an investor for the purchase but not given him the deeds to the building.
She denied the charges and said that the documents supplied as evidence were false.
"I don't want to take part in antisemitic operations or those that negate Israel's right to exist in the region. I see Israel as a liberal, modern state with a religious character. Israelis have a right to defend themselves.
"Take the war on Gaza...Hamas started it...They refused to speak to Israel, fired rockets at it and caused it to defend itself."
Three decades after Israel’s independence and 22 years after the Suez Crisis Egypt became the first Arab country to recognise its right to exist.
After 12 days of secret and intensive negotiations overseen by US president Jimmy Carter at the Maryland estate, an agreement was reached between Menachem Begin and Anwar Sadat giving Egypt control of the Sinai Peninsula.
The events of September 1978 ultimately became the Egypt-Israel peace treaty, signed in March 1979. Mr Begin and Mr Sadat later shared the Nobel Peace Prize and by 1982 Israel had completely left the Sinai area.
Six decades of failed peace efforts have left most Israelis (and Palestinians) deeply skeptical about the prospects for success.
The pattern is familiar - a new American president, faced with major difficulties at home and abroad, hopes that a Middle East peace breakthrough will help solve many of these problems. He squeezes the leaders of both sides, and as neither wants the label of "spoiler", they go along with the charade.
But the efforts fail, as core differences over history, religion (particularly in Jerusalem), borders and sovereignty remain insurmountable.