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.

Poverty rates increased to 93 percent in the Palestinian refugee camps in Lebanon and Syria, according to Ahmad Abu Houli, member of executive committee of the Palestine Liberation Organization.

Twenty-one days of Zionist regime’s siege has damaged the economy of the occupied West Bank city of Nablus and resulted in major commercial losses for traders, Anadolu Agency reported on Friday.

The UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) has announced that the People's Republic of China has donated $1 million to provide quality, equitable and inclusive basic education for Palestinian children. UNRWA will use the donation towards the agency's education programme for the benefit of 9,200 students in 19 schools across the Israeli-occupied West Bank.

A new report has revealed that the high cost of living in the Israeli-occupied territories is forcing many Jewish settlers to consider living somewhere else or even returning to their home countries.

A recent report has revealed that officials in Iraq’s semi-autonomous Kurdistan region exported 1.7 million barrels of crude oil to the Israeli-occupied territories throughout the month of June.

Global energy prices are down and supply chain problems seem to be fixing themselves, yet the largest issue for the Israeli economy is the rising price of housing.

July increase in consumer price index brings Israel’s yearly inflation rate to 5.2%; housing prices jump by 17.8%, the highest in over a decade.

Head of Hamas Political Bureau Ismail Haniyeh has been informed by Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman of Qatar's approval of movement's request to rebuild the homes destroyed during the latest Israeli aggression on the besieged Gaza Strip.

The Government of India contributed $2.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) in support of the Agency’s programmes and services, including education, health care, relief and social services for Palestine refugees.

The consumer price index rose 0.4 percent in June, as Israel joins the global inflation trend

Zionist regime has announced that its trade with Arab countries has reached record increases within one year alone, as a result of the numerous deals and economic agreements struck between them in their normalisation of relations.

For some time, there has existed an Israeli-Saudi commercial relationship as Israeli businesspeople use Israeli passports to enter the kingdom, carrying out "big deals" while Saudi businesspeople and investment funds seek investment in Israel, Globes has revealed.

A rare £100 Palestine banknote discovered in a charity shop in the UK has sold for £140,000 ($174,000).

Funds raised by Jared Kushner from Saudi Arabia will soon be invested directly in Israeli hi-tech firms, the Wall Street Journal reported Saturday in an exclusive report.

The Palestinian factions in the besieged Gaza Strip accused the United Nations Relief and Works Agency for Palestinian Refugees (UNRWA) of procrastinating in rebuilding completely destroyed houses during the Israeli aggression last year.

The World Bank approved a $15 million grant for the multiphase Advancing Sustainability in Performance, Infrastructure, and Reliability of Energy Sector (ASPIRE) – Phase 2.

Price hikes and import delays resulting from the ongoing war in Ukraine have delayed the reconstruction of the Gaza Strip.

Palestine signed €29 million agreements with Agence française de développement in support of several projects.

Israel has the sixth-highest cost of groceries in the world, according to a new study by money.co.uk that analyzed the average cost of a “standard” trip to the grocery store in 36 countries around the world.

An additional grant of $3.75 million was allocated by the World Bank to the ongoing West Bank and Gaza COVID-19 Emergency Response.

Euro-Mediterranean Human Rights Monitor said about 1.5mn people in Gaza left impoverished due to Israeli blockade, calls for international action to end Zionist regime's siege.

The two UN agencies renewed an agreement to extend support to Palestine refugee children, adolescents, and women in the State of Palestine, Jordan, Lebanon and Syria.

The United Nations Relief and Works Agency for Palestine Refugees (UNRWA) announced, on Tuesday, that it is seeking $1.6 billion in 2022 from the international community.

The Consumer Price Index in December was higher than expected; housing prices have risen 10.6% over the past year.