That Allah may reward the truthful for their truth and punish the hypocrites if He wills or accept their repentance. Indeed, Allah is ever Forgiving and Merciful. [Ahzab 33:24]

Asalaam alaikum warahmatulah wabarakatuh.

لِّيَجْزِيَ اللَّهُ الصَّادِقِينَ بِصِدْقِهِمْ وَيُعَذِّبَ الْمُنَافِقِينَ إِن شَاءَ أَوْ يَتُوبَ عَلَيْهِمْ ۚ إِنَّ اللَّهَ كَانَ غَفُورًا رَّحِيمًا

(Ahzaab 33:24)

That Allah may reward the truthful for their truth and punish the hypocrites if He wills or accept their repentance. Indeed, Allah is ever Forgiving and Merciful.

Point #1:

See how; Allah mentions His Name near the Saadiqeen [truthful], yet He does not mention His Name near the hypocrites.

This is done because Allah is close to the Saadiqeen [truthful to themselves and truthful to Allah] - so He mentions His closeness to them by mentioning His Name next to them, and is angry with the hypocrites, so He does not mention His Name near the hypocrites [i.e. He is distant from them].

Point #2:

But to give hope to those who have hypocrisy in their hearts, He mentions that the hypocrite can still reach that closeness to Allah, and that can only be reached by approaching His Forgiveness and Mercy.

He pictures this by placing His Names of Mercy (Ghafoor & Raheem) next to the Name; Allah, so the hypocrite will only get closer to Allah by approaching His Forgiveness & Mercy.

Point #1 is used many times in the Qur'an, sometimes in selected aayaat/verses [like above], sometimes in whole Surahs i.e. in Surah Tariq, Allah does not even mention His Name once, due to His Anger and distance against the rejectors/disbelievers.