Economy

A joint report by the World Bank and the United Nations shows that Israel’s genocidal war against the Palestinians in Gaza has caused damages of around $18.5 billion to the coastal territory’s critical infrastructure.

Zionist regime has been pummeling Gaza with airstrikes day and night. It has bombed hospitals, schools, mosques, churches, UN facilities, water tanks, fish tanks, and even solar panels. Zionist regime is doing everything it can to make Gaza uninhabitable.

The UNRWA spokesperson, Tamara Alrifai, has said that a ministerial conference will be held by a Jordanian-Swedish coalition in New York on the 21st of September to mobilize financial support for the final quarter of the current year.

Palestine's minister of public works and housing says a total of $15.5 million is needed to reconstruct buildings and roads in Jenin after the Zionist troops carried out a two-day aggression on the occupied West Bank city.

The Gaza Ministry of Agriculture has said that initial damage to the agricultural sector as a result of the recent Israeli aggression was placed at 1,300,275 USD. 

The Palestinian city of Jericho in the northern occupied West Bank has incurred huge economic losses estimated in the millions of dollars due to the suffocating Israeli blockade imposed on the city since February.

Global rating agency Moody's on Friday affirmed its sovereign credit rating at "A1" but downgraded the outlook on the Israeli government's credit ratings to "stable" instead of "positive."

The UN agency for Palestinian refugees, UNRWA, appealed Tuesday for $1.6 billion for its work in 2023.

"Over 40 per cent of Gazans are now severely food insecure, which means that they are regularly going a day without food," UNRWA affirmed in a new report, the Palestinian Information Centre reports.

No less than 2,627,000 people are living in poverty, according to a report published Monday by Israel's largest anti-poverty non-governmental organization.

European and Palestinian institutions today signed investment and financing agreements worth €80 million.

Budget cuts will cause Birthright Israel to cut up to one-third of its trip participants in 2023 and beyond, the organization announced on Monday.