Economy

Algeria's President Abdelmadjid Tebboune pledged $100 million in aid to the Palestinians, as Palestinian Authority Chief Mahmoud Abbas visited Algiers on Monday.

A Kuwaiti decree banned the entry of vessels carrying goods to or from Israel into Kuwait territorial waters.

Tel Aviv has been ranked as the most expensive city in the world to live in due to the rapid rise in inflation that has increased the prices of a whole range of goods and services following the coronavirus pandemic.

The salaries of civil servants in the Gaza Strip will be paid this month, as Egypt and Qatar agreed on a mechanism for the payment, Haaretz reports.

For the first time, businesswoman Sabrina supports the Palestinian women through a joint agreement between Cinta Gaza Malaysia and MAMASAB Foundation to fund several projects of the Ministry of Women's Affairs in Gaza to empower them.

A Hamas official said that Qatar will start sending Gaza up to $10 million worth of Egyptian fuel a month under a plan to fund civil service pay in the impoverished Palestinian enclave ruled by the Islamist group, Reuters reports.

The Palestinian Authority (PA) denied Zionist regime’s claims that it would cut the salaries of the families of Palestinians killed by Zionist regime and those detained in Zionist regime’s jails, Quds Press reported.

Israeli Minister of Energy, Karen Al-Harrar, has called for cancelling a deal with the United Arab Emirates (UAE) to transport Emirati crude oil via Israel to Europe, citing environmental risks, according to local media on Tuesday.

Palestinian Ambassador Ahmed Rabei on Sunday expressed his country’s resolve to enhance existing bilateral ties with Pakistan in multi-sectors and take them to the optimum level for the benefit of the people of both countries.

The economic and fiscal situation in the occupied Palestinian territories remains “dire,” said a report by the Office of the United Nations Special Coordinator for the Middle East Peace Process (UNSCO) Tor Wennesland.

Gaza is still suffering "from a particularly difficult economic situation with very high unemployment and deteriorating social conditions", the World Bank warned in a report this week.

Cuts to the UN Relief and Works Agency for Palestine Refugees (UNRWA) budget, including halving the UK's annual grant, has left the agency close to collapse, the Commissioner-General Philippe Lazzarini .