Gaza factories pivot to masks in corona response

Palestinians in Gaza make protective overalls for export to Israel. AP
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Updated 02 April 2020
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Gaza factories pivot to masks in corona response

  • The Gaza Strip has only had a handful of confirmed COVID-19 cases so far

GAZA CITY: Queen Tex factory in Gaza used to specialize in manufacturing shirts and jeans, but with the coronavirus (COVID-19) epidemic sweeping the globe it has pivoted into medicalwear.

Now lines of men are using old sewing machines to stitch together masks while also wearing them, as the blockaded Palestinian enclave develops a homegrown response to the crisis.

“We were intending to import masks and suits from China but there were difficulties importing, so we decided to make them ourselves,” manager Hassan Alwan said.

His factory says it works to international standards but only has enough material to make around 1,000 hazmat suits.

The Gaza Strip has only had a handful of confirmed COVID-19 cases so far. The suits, masks and gloves are being made initially for the local market, with the potential to later export to Israel which is fighting a far larger outbreak.

Gaza has been largely closed off by Israel since Hamas seized control of it in 2007.

Much of the world considers Hamas, which has fought three wars with Israel, a terrorist organization.

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Gaza has been largely closed off by Israel since Hamas seized control of it in 2007.

Hamas has stipulated no masks or suits can be exported until the local market’s needs have been met.

But Hassan Shehata, co-director of another factory, Hasanco, is optimistic he can sell to the Israeli market. 

“Israeli companies sent us the cloth to produce medical masks for them. They need millions of masks,” he said.

“We want to produce three million masks.”

Dozens of employees work 10-hour days but there are not enough machines to hit their targets, he said.

Many Palestinian factories used to supply the Israeli market before 2007.

Now, the coronavirus crisis could allow the struggling Gaza textiles industry to make a comeback, said Maher Al-Tabbaa of the local chamber of commerce.

“The Gaza clothing industry is characterised by high quality that competes globally if it is given the possibility of exporting.”

Gaza has so far declared only 10 cases of the new coronavirus, starting with two people who returned from Pakistan and were already in quarantine when diagnosed.

Seven guards connected to them were later found to have been infected, while a 10th case was announced on Monday.

Hamas authorities have closed schools and mosques and Gaza’s only other border, with Egypt, has also been closed.

More than 1,500 Palestinians who returned from Egypt shortly before the closure have been quarantined in the south of the strip.

Yet fears remain that any outbreak in impoverished Gaza could spread rapidly.

United Nations envoy Nickolay Mladenov said Monday that Gaza’s health system was overstretched even before the disease emerged.

“Gaza is one of the most densely populated areas in the world — this coupled with its already fragile health care system makes it a particularly high-risk case for the COVID-19 outbreak,” he told the UN Security Council.

Gaza has far maintained a semblance of normality, with barbers and other stores still open, though staff are required to wear protective gear.

Apart from scissors and hair gel, barber Rami Azzam has boxes of gloves and masks and sanitiser spray at the ready as he snips.

“Health ministry employees come daily to sterilize the barbers, they have imposed tough measures,” he said.

“But hardly any customers come for a shave.”

Customer Suleiman Al-Dahdour, 28, said he had been avoiding having a haircut until he heard of the protective measures.

“Of course there’s fear,” he said. “But as you see, the barber’s wearing a mask and gloves.”


Kuwait to boost Islamic finance with sukuk regulation

Updated 05 February 2026
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Kuwait to boost Islamic finance with sukuk regulation

  • The move supports sustainable financing and is part of Kuwait’s efforts to diversify its oil-dependent economy

RIYADH: Kuwait is planning to introduce legislation to regulate the issuance of sukuk, or Islamic bonds, both domestically and internationally, as part of efforts to support more sustainable financing for the oil-rich Gulf nation, Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah said on Wednesday.

Speaking at the World Governments Summit in Dubai, Al-Sabah highlighted that Kuwait is exploring a variety of debt instruments to diversify its economy. The country has been implementing fiscal reforms aimed at stimulating growth and controlling its budget deficit amid persistently low oil prices. Hydrocarbons continue to dominate Kuwait’s revenue stream, accounting for nearly 90 percent of government income in 2024.

The Gulf Cooperation Council’s debt capital market is projected to exceed $1.25 trillion by 2026, driven by project funding and government initiatives, representing a 13.6 percent expansion, according to Fitch Ratings.

The region is expected to remain one of the largest sources of US dollar-denominated debt and sukuk issuance among emerging markets. Fitch also noted that cross-sector economic diversification, refinancing needs, and deficit funding are key factors behind this growth.

“We are about to approve the first legislation regulating issuance of government sukuk locally and internationally, in accordance with Islamic laws,” Al-Sabah said.

“This enables us to deal with financial challenges flexibly and responsibly, and to plan for medium and long-term finances.”

Kuwait returned to global debt markets last year with strong results, raising $11.25 billion through a three-part bond sale — the country’s first US dollar issuance since 2017 — drawing substantial investor demand. In March, a new public debt law raised the borrowing ceiling to 30 billion dinars ($98 billion) from 10 billion dinars, enabling longer-term borrowing.

The Gulf’s debt capital markets, which totaled $1.1 trillion at the end of the third quarter of 2025, have evolved from primarily sovereign funding tools into increasingly sophisticated instruments serving governments, banks, and corporates alike. As diversification efforts accelerate and refinancing cycles intensify, regional issuers have become regular participants in global debt markets, reinforcing the GCC’s role in emerging-market capital flows.

In 2025, GCC countries accounted for 35 percent of all emerging-market US dollar debt issuance, excluding China, with growth in US dollar sukuk issuance notably outpacing conventional bonds. The region’s total outstanding debt capital markets grew more than 14 percent year on year, reaching $1.1 trillion.