World Bank report warns Gaza Strip economy is in ‘free fall’

Palestinian schoolchildren a protest Gaza city on February 4, 2018, against the difficult economic situation and the US decision to withhold funds earmarked for the UN relief agency for Palestinian refugees. (AFP)
Updated 25 September 2018
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World Bank report warns Gaza Strip economy is in ‘free fall’

  • The World Bank says Gaza’s economy contracted by 6 percent in the first quarter of 2018
  • It cited various factors, beginning with Israel’s decade-long blockade against the territory’s Hamas rulers

JERUSALEM: The Gaza Strip’s economy is in “free fall,” a report from the World Bank warned Tuesday, calling for urgent action by Israel and the international community to avoid “immediate collapse.”
According to the report, Gaza’s economy contracted by 6 percent in the first quarter of 2018. It said unemployment is now over 50 percent — and over 70 percent among Gaza’s youth.
The World Bank cited various factors, starting with Israel’s decade-long blockade against the territory’s militant Hamas rulers, for the precarious downturn. It also cited budget cuts by the rival Palestinian Authority and a reduction in international aid to the Palestinians, particularly from the United States.
“A combination of war, isolation, and internal rivalries has left Gaza in a crippling economic state and exacerbated the human distress,” said Marina Wes, the World Bank’s director for the region.
The report was released ahead of a high-level meeting of the bank’s Ad Hoc Liaison Committee, responsible for coordinating development assistance to the Palestinians, on September 27.

 

Wes said the increasingly dire economic situation in Gaza “has reached a critical point.”
“Increased frustration is feeding into the increased tensions which have already started spilling over into unrest and set back the human development of the region’s large youth population,” she added.
Gazans have staged near weekly demonstrations along the border with Israel since late March, in part to protest the blockade enforced by Israel and Egypt since 2007, when the militant group Hamas seized the territory. Hamas has led and organized the protests, but turnout has also been driven by growing despair over blockade-linked hardship, including lengthy power cuts and soaring unemployment.
Israeli soldiers have killed at least 136 Palestinians during the weekly protests since March, including 27 minors, according to Gaza’s Health Ministry. A Palestinian sniper also fatally shot an Israeli soldier. Israel contends it’s defending its border and accuses Hamas of using the protests as a screen for attempts to breach the border fence to attack civilians and soldiers. Human rights groups have accused Israel of excessive and unlawful use of force against unarmed protesters.
In the report, the World Bank calls upon Israel to lift restrictions on trade and movement of goods and people to help improve Gaza’s economy, and urges development of “legitimate institutions to govern Gaza in a transparent and efficient manner.”

FASTFACTS

Unemployment in Gaza is now more than 50 percent — and more than 70 percent among the youth.


flydubai airline cancels flights to Iran: statement

Updated 3 sec ago
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flydubai airline cancels flights to Iran: statement

  • Flight-tracking software shows commercial flights avoiding western Iran, including Isfahan, and skirting Tehran to the north and east
DUBAI: Dubai’s flydubai airline canceled flights to Iran on Friday after receiving an official alert, a statement said.
“In line with the issued NOTAM (notice to air missions), our flights to Iran today have been canceled,” said the statement sent to AFP.
One flight which had already departed for Tehran returned to Dubai after the Iranian capital’s airport was closed, it added.
Flights were suspended across swathes of Iran as Iranian state media reported explosions in the central province of Isfahan.
Flight-tracking software showed commercial flights avoiding western Iran, including Isfahan, and skirting Tehran to the north and east.
There was no immediate comment from Dubai’s state-owned Emirates airline, flydubai’s sister carrier, which was operating several of the planes.
Emirates and flydubai have experienced serious disruption this week after record rainfall caused more than 1,000 flight cancelations at Dubai airport, one of the world’s busiest air hubs.

Iran closes air space, commercial flights diverted after apparent Israeli retaliatory strikes

Updated 3 min 44 sec ago
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Iran closes air space, commercial flights diverted after apparent Israeli retaliatory strikes

  • Drones shot down over Isfahan, says Iranian state media
  • Israel military refuses to comment on incident

DUBAI/WASHINGTON: Israeli missiles have hit a site in Iran, ABC News reported late on Thursday, citing a US official, while Iranian state media reported an explosion in the center of the country, days after Iran launched a retaliatory drone strike on Israel.

Commercial flights began diverting their routes early Friday morning over western Iran without explanation as one semiofficial news agency in the Islamic Republic claimed there had been “explosions” heard over the city of Isfahan.

Some Emirates and Flydubai flights that were flying over Iran early on Friday made sudden sharp turns away from the airspace, according to flight paths shown on tracking website Flightradar24.

“Flights over Isfahan, Shiraz and Tehran cities have been suspended,” state media reported.

Iranian officials said its air defenses did shot down several drones but there had been “no missile attack for now” on the country.

The state-run IRNA news agency reported that Iran fired air defense batteries early Friday morning across several provinces after reports of explosions near the city of Isfahan.

Several drones “have been successfully shot down by the country’s air defense, there are no reports of a missile attack for now,” Iran’s space agency spokesman Hossein Dalirian says on X.

The Fars news agency said “three explosions” were heard near the Shekari army airbase near Isfahan.

Iran’s local media also reported that nuclear facilities in Isfahan were “completely secure” after explosions were heard near the area.

“Nuclear facilities in Isfahan province are completely secure,” Tasnim news agency reports, quoting “reliable sources.”

Israel had said it would retaliate against Iran’s weekend attack, which involved hundreds of drones and missiles in retaliation for a suspected Israeli strike on its embassy compound in Syria. Most of the Iranian drones and missiles were downed before reaching Israeli territory.

Several Iranian nuclear sites are located in Isfahan province, including Natanz, centerpiece of Iran’s uranium enrichment program. Isfahan, Isome 350 kilometers (215 miles) south of Iran’s capital, Tehran, is also home to a major air base for the Iranian military.

Meanwhile in Iraq where a number of Iranian-backed militias are based, residents in Baghdad reported hearing sounds of explosions, but the source of the noise was not immediately clear.

In Syria, a local activist group said strikes hit an army position in the south of the country Friday. 

“There were strikes on a Syrian army radar position,” said Rayan Maarouf, who runs the Suwayda24 anti-government website that covers news from Sweida province in the south.

Iranian military positions in Syria had been frequently targetted by Israeli air strikes over the past years. Early this month, an Israeli strike demolished a consular building annex of the Iranian Embassy in Sydia's capital Damascus, killing 13 people, including two generals of Iran's Revolutionary Guards, triggering the Iranian missiles and drones attack on Israel on April 13.

At the United Nations Security Council on Thursday, Iran urged member nations that Israel “must be compelled to stop any further military adventurism against our interests” as the UN secretary-general warned that the Middle East was in a “moment of maximum peril.”

Israel had said it was going to retaliate against Iran’s April 13 missile and drone attack.

Analysts and observers have been raising concerns about the risks of the Israel-Gaza war spreading into the rest of the region.

Oil prices and jumped on the reports of the Israeli strike. Brent crude futures rose 2 percent to $88.86 a barrel, the dollar gained broadly, gold rose 1 percent and S&P 500 futures dropped 1 percent.

Israel’s assault on Gaza began after Palestinian Islamist group Hamas attacked Israel on Oct. 7, killing 1,200, according to Israeli tallies.

Israel’s military offensive has killed over 33,000 Palestinians in Gaza, according to the local health ministry.
Iran-backed groups have declared support for Palestinians, launching attacks from Lebanon, Yemen and Iraq.


Iran closes air space, commercial flights diverted after apparent Israeli retaliatory strikes

Updated 35 min 9 sec ago
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Iran closes air space, commercial flights diverted after apparent Israeli retaliatory strikes

  • Drones shot down over Isfahan: Iranian state television
  • Israel military refuses to comment on incident 

DUBAI/WASHINGTON: Israeli missiles have hit a site in Iran, ABC News reported late on Thursday, citing a US official, while Iranian state media reported an explosion in the center of the country, days after Iran launched a retaliatory drone strike on Israel.

Commercial flights began diverting their routes early Friday morning over western Iran without explanation as one semiofficial news agency in the Islamic Republic claimed there had been “explosions” heard over the city of Isfahan.

Some Emirates and Flydubai flights that were flying over Iran early on Friday made sudden sharp turns away from the airspace, according to flight paths shown on tracking website Flightradar24.

“Flights over Isfahan, Shiraz and Tehran cities have been suspended,” state media reported.

Iranian officials said its air defenses did shot down several drones but there had been “no missile attack for now” on the country.

The state-run IRNA news agency reported that Iran fired air defense batteries early Friday morning across several provinces after reports of explosions near the city of Isfahan.

Several drones “have been successfully shot down by the country’s air defense, there are no reports of a missile attack for now,” Iran’s space agency spokesman Hossein Dalirian says on X.

The Fars news agency said “three explosions” were heard near the Shekari army airbase near Isfahan.

Iran’s local media also reported that nuclear facilities in Isfahan were “completely secure” after explosions were heard near the area.

“Nuclear facilities in Isfahan province are completely secure,” Tasnim news agency reports, quoting “reliable sources.”

Israel had said it would retaliate against Iran’s weekend attack, which involved hundreds of drones and missiles in retaliation for a suspected Israeli strike on its embassy compound in Syria. Most of the Iranian drones and missiles were downed before reaching Israeli territory.

Several Iranian nuclear sites are located in Isfahan province, including Natanz, centerpiece of Iran’s uranium enrichment program. Isfahan, Isome 350 kilometers (215 miles) south of Iran’s capital, Tehran, is also home to a major air base for the Iranian military.


Meanwhile in Iraq where a number of Iranian-backed militias are based, residents in Baghdad reported hearing sounds of explosions, but the source of the noise was not immediately clear.

In Syria, a local activist group said strikes hit an army position in the south of the country Friday. 

“There were strikes on a Syrian army radar position,” said Rayan Maarouf, who runs the Suwayda24 anti-government website that covers news from Sweida province in the south.

Iranian military positions in Syria had been frequently targetted by Israeli air strikes over the past years. Early this month, an Israeli strike demolished a consular building annex of the Iranian Embassy in Sydia's capital Damascus, killing 13 people, including two generals of Iran's Revolutionary Guards, triggering the Iranian missiles and drones attack on Israel on April 13.

At the United Nations Security Council on Thursday, Iran urged member nations that Israel “must be compelled to stop any further military adventurism against our interests” as the UN secretary-general warned that the Middle East was in a “moment of maximum peril.”

 

Israel had said it was going to retaliate against Iran’s April 13 missile and drone attack.

Analysts and observers have been raising concerns about the risks of the Israel-Gaza war spreading into the rest of the region.

Oil prices and jumped on the reports of the Israeli strike. Brent crude futures rose 2 percent to $88.86 a barrel, the dollar gained broadly, gold rose 1 percent and S&P 500 futures dropped 1 percent.

Israel’s assault on Gaza began after Palestinian Islamist group Hamas attacked Israel on Oct. 7, killing 1,200, according to Israeli tallies.

Israel’s military offensive has killed over 33,000 Palestinians in Gaza, according to the local health ministry.
Iran-backed groups have declared support for Palestinians, launching attacks from Lebanon, Yemen and Iraq.


Hamas slams US veto of Palestinian UN membership bid

Updated 19 April 2024
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Hamas slams US veto of Palestinian UN membership bid

PALESTINIAN TERRITORIES: Palestinian militant group Hamas condemned on Friday the US veto that ended a long-shot Palestinian bid for full United Nations membership.
“Hamas condemns the American veto at the Security Council of the draft resolution granting Palestine full membership in the United Nations,” the Gaza Strip rulers said in a statement, which comes amid growing international concern over the toll inflicted by the war in the besieged Palestinian territory.
The veto by Israel’s main ally and military backer had been expected ahead of the vote, which took place more than six months into Israel’s offensive in Gaza, in retaliation for the deadly October 7 attack by Hamas militants.
Twelve countries voted in favor of the draft resolution, which was introduced by Algeria and “recommends to the General Assembly that the State of Palestine be admitted to membership of the United Nations.” Britain and Switzerland abstained.


Gazans search for remains after deadly Rafah strike

Updated 18 April 2024
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Gazans search for remains after deadly Rafah strike

An Israeli strike hit the home where a displaced Palestinian family was sheltering in the southern city of Rafah, relatives and neighbors told AFP as they scraped at the soil with their hands.

Al-Arja said the blast killed at least 10 people.

“We retrieved the remains of children and women, finding arms and feet. They were all torn to pieces.

“This is horrifying. It’s not normal,” he said, hauling concrete and broken olive branches from the wreckage. “The entire world is complicit.”

Soon after the war began on Oct. 7, Israel told Palestinians living in the north of Gaza to move to “safe zones” in the territory’s south, like Rafah.

But Israeli Prime Minister Benjamin Netanyahu has since vowed to invade the city, where around 1.5 million people live in shelters, more than half the territory’s population.

“How is Rafah a safe place?” said Zeyad Ayyad, a relative of the victims. He sighed as he cradled a fragment of the remains.

“I heard the bombing last night and then went back to sleep. I did not think it hit my aunt’s house.”

The search for remains was long and painful. The strike left a huge crater and children picked through the rubble while neighbors removed debris, tarpaulin, a pink top.

“We can see them under the rubble and we’re unable to retrieve them,” Al-Arja said. 

“These are people who came from the north because it was said the south is safe.”

“They struck without any warning,” he said.

In a separate strike on the house in Rafah’s Al-Salam neighborhood overnight on Tuesday, rescue crews recovered the corpses of eight family members, including five children and two women, Gaza’s civil defense service said.

“An Israeli rocket hit a house of displaced people,” said resident Sami Nyrab. 

“My sister’s son-in-law, her daughter, and her children were having dinner when an Israeli missile demolished their house over their heads.”