How the war in Gaza is taking a toll on Israel's economy
11 months, 1 week ago

How the war in Gaza is taking a toll on Israel's economy

NPR  

How the war in Gaza is taking a toll on Israel's economy The Israeli military is sending thousands of soldiers home from Gaza — in part to reenergize the economy which faces a massive labor shortage because of the war. STEVE INSKEEP, HOST: Israel's army says it is pulling thousands of troops out of Gaza and sending them home to their families, as well as their jobs in civilian life. LANGFITT: Instead of launching 13 or 1,400 new companies annually, as it typically does, Israel's tech sector only formed about 400 last year, Levy-Weiss says. LANGFITT: In the wake of the Hamas attack on October 7 and the subsequent war in Gaza, the Israeli government says it's shelved its judicial reform plans for now.

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History of this topic

Around 70% of deaths in Gaza are women and children, says UN
1 month, 2 weeks ago

Around 70% of deaths in Gaza are women and children, says UN

CNN  

CNN — Several United Nations agencies are again sounding the alarm on the rapid deterioration of humanitarian conditions in much of Gaza and the civilian toll of more than a year of Israeli military operations. In a detailed report verifying fatalities in Gaza in the first six months of the conflict, the UN Human Rights Office said it “found close …

Gaza's economy was already in tatters, but the Israeli invasion has caused 'unparalleled devastation', the UN says
2 months ago

Gaza's economy was already in tatters, but the Israeli invasion has caused 'unparalleled devastation', the UN says

ABC  

It will take Gaza's economy three and a half centuries to recover from destruction caused by the Israeli invasion of the territory, a UN report says. Israel's invasion of Gaza has "resulted in an unprecedented humanitarian, environmental and social catastrophe and propelled Gaza from de-development to utter ruin", the UN's trade and development wing said in a report published on …

Israel's war against militants is expensive. Paying the bill could force tough choices
2 months ago

Israel's war against militants is expensive. Paying the bill could force tough choices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here is a look at …

Gaza war extends toll on Israel’s economy
4 months ago

Gaza war extends toll on Israel’s economy

Al Jazeera  

Heightened tensions between Israel and Iran could incur ‘significant additional military spending’ for Israel, further straining its finances. Separately, Fitch warned that heightened tensions between Israel and Iran could incur “significant additional military spending” for Israel. Garside noted, “We are yet to see any major cutbacks to other parts of the budget, although it is likely that cuts will be …

Gaza unemployment since start of Israel’s war soars to nearly 80%: ILO
6 months, 2 weeks ago

Gaza unemployment since start of Israel’s war soars to nearly 80%: ILO

Al Jazeera  

International Labour Organization says joblessness in occupied West Bank stands at almost 32 percent, resulting in a combined total of more than 50 percent. Unemployment in the Gaza Strip has hit a “staggering” 79.1 percent since Israel launched its military onslaught on the besieged and bombarded territory in October last year, according to the United Nations labour agency. In terms …

What seven more months of war would mean for Palestinians, Israelis and the world
6 months, 3 weeks ago

What seven more months of war would mean for Palestinians, Israelis and the world

CNN  

Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. “It’s a grueling grind forward,” said Assaf Orion, a senior research fellow at the Institute for National Security Studies in Tel Aviv and former head of the Israel Defense Forces strategic planning division. “So, in this …

What seven more months of war would mean for Palestinians, Israelis and the world
6 months, 3 weeks ago

What seven more months of war would mean for Palestinians, Israelis and the world

CNN  

Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. “It’s a grueling grind forward,” said Assaf Orion, a senior research fellow at the Institute for National Security Studies in Tel Aviv and former head of the Israel Defense Forces strategic planning division. “So, in this …

Israel may have started a forever war in Gaza
8 months, 2 weeks ago

Israel may have started a forever war in Gaza

Al Jazeera  

As Israel continues the war in Gaza, with no indication of a victory, it risks fomenting endless conflict. Israel will probably “face lingering armed resistance from Hamas for years to come, and the military will struggle to neutralise Hamas’s underground infrastructure, which allows insurgents to hide, regain strength, and surprise Israeli forces”, the US said of the situation in its …

How Israel’s war on Gaza is bleeding Egypt’s economy
10 months ago

How Israel’s war on Gaza is bleeding Egypt’s economy

Al Jazeera  

Tourism, gas exports and Suez Canal revenues are all suffering, and the crisis in Rafah could make things worse, say analysts. Already facing a deep crisis, Egypt’s economy appears poised to take a hit from Israel’s war on Gaza and the spiralling tensions in the Red Sea, analysts have said. Drop in Suez Canal revenue Since November, Egypt has been …

Gaza war hits Israeli economy with 19.4% Q4 drop
10 months ago

Gaza war hits Israeli economy with 19.4% Q4 drop

The Hindu  

Israel's economy took a deep dive in the fourth quarter due to its war with Hamas in Gaza, but 2023 still ended with positive growth, data showed on February 19. The country’s gross domestic product contracted an annualised 19.4% in the last three months compared to the previous quarter, the Central Bureau of Statistics said in an initial estimate. "The …

Has the war on Gaza hurt Israel’s economy?
10 months, 3 weeks ago

Has the war on Gaza hurt Israel’s economy?

Al Jazeera  

Israel’s war on Gaza, now well into its fourth month, has taken a toll on its own economy with many industries pausing business even as a few continue to get new investments. With a $3.2bn grant from the Israeli government, Intel’s planned investment is a big boost to Israel’s tech sector amid this war. Hard-hit construction industry Construction, accounting for …

The war in Gaza has taken an economic toll on tech, Israel's most productive sector
11 months, 1 week ago

The war in Gaza has taken an economic toll on tech, Israel's most productive sector

NPR  

The war in Gaza has taken an economic toll on tech, Israel's most productive sector Enlarge this image toggle caption Maya Levin for NPR Maya Levin for NPR TEL AVIV, Israel — The Israeli army has announced that it is pulling thousands of troops out of Gaza and sending them home to their families and jobs. Enlarge this image toggle …

Israel to pull some troops from Gaza, to add forces near Lebanon border as war enters new phase
11 months, 3 weeks ago

Israel to pull some troops from Gaza, to add forces near Lebanon border as war enters new phase

The Hindu  

Israel is withdrawing some forces from Gaza to shift to more targeted operations against Hamas, and is partially returning reservists to civilian life to help the economy as the war looks set to last well into the new year, an Israeli official said. With tanks and troops having now overrun much of the Gaza Strip, largely asserting control despite Palestinian …

In Gaza, the production of unequal humanity
11 months, 4 weeks ago

In Gaza, the production of unequal humanity

Hindustan Times  

On December 10, 2023, the world marked the 75th anniversary of the adoption of the Universal Declaration of Human Rights. One of the early refrains after Hamas’s attacks on October 7, 2023 was that it was the “bloodiest” or the “deadliest” day for Israel since the Holocaust. The strength of outrage found within Israel and the West after the attacks …

Nearly 66 percent of jobs lost in Gaza since Israel-Hamas war broke out
1 year ago

Nearly 66 percent of jobs lost in Gaza since Israel-Hamas war broke out

Al Jazeera  

Nearly 66 percent of jobs have been lost in the Gaza Strip since the start of the war between Israel and Hamas on October 7, according to new data from the International Labour Organization and the Palestinian statistics office. Palestinians have seen their employment reduced by two-thirds in the Gaza Strip – equivalent to 192,000 jobs – since the outbreak …

Volunteers help Palestinian citizens of Israel harvest amid Gaza war
1 year ago

Volunteers help Palestinian citizens of Israel harvest amid Gaza war

Al Jazeera  

In Baqa al-Gharbiyye, an hour’s drive from Haifa, city folk have temporarily traded pens for boots to aid farmers facing a labour shortage exacerbated by Israel’s war on Gaza. The volunteers hailing from different backgrounds have come together during their leisure time to lend a helping hand to Palestinian citizens of Israel who are farmers like Marwan Abu Yassin for …

Jobless rate spiking, GDP shrinking: Israel’s economic crisis amid Hamas war
1 year, 1 month ago

Jobless rate spiking, GDP shrinking: Israel’s economic crisis amid Hamas war

Firstpost  

Israel’s economy has taken an $8 billion hit since the conflict began and the country is spending $260 million per day on its war with Hamas. The jobless rate is at nearly 10 per cent and its economy is predicted to shrink five per cent in this year’s fourth quarte https://www.youtube.com/watch?v=vUcR_E6tkSU While Israel continues its battle against Hamas, a new …

Israel-Gaza war ‘devastating’ Palestine economy, UN warns
1 year, 1 month ago

Israel-Gaza war ‘devastating’ Palestine economy, UN warns

Al Jazeera  

Gaza is experiencing ‘unimaginable’ levels of destruction as the Palestinian economy suffers after a month of war. The socioeconomic “shock” of the Israel-Gaza war will force hundreds of thousands of Palestinians into poverty, a United Nations report on the conflict’s possible long-term effects on Gaza and the occupied West Bank warned. UN Development Programme Assistant Secretary-General Abdallah al-Dardari told a …

War plunged Israel's agricultural heartlands into crisis, raising fears for its farming future
1 year, 1 month ago

War plunged Israel's agricultural heartlands into crisis, raising fears for its farming future

Hindustan Times  

It's potato planting season for the farms of southern Israel, a region near the Gaza border that the Agriculture Ministry calls the country's “vegetable barn" because it supplies at least a third of Israel's vegetables. “If we put our hands up, we will have a food crisis in Israel.” The Israel-Hamas war has plunged Israel's agricultural heartlands, located around the …

War plunged Israel’s agricultural heartlands into crisis, raising fears for its farming future
1 year, 1 month ago

War plunged Israel’s agricultural heartlands into crisis, raising fears for its farming future

Associated Press  

ASHKELON, Israel — The soldiers guarding Avi Chivivian’s organic vegetable farm in southern Israel must first scour every corner of his fields for militants before they give him the all clear: He has six hours to work. It’s potato planting season for the farms of southern Israel, a region near the Gaza border that the Agriculture Ministry calls the country’s …

Israel has an iron grip over Gaza and West Bank’s economy | Data
1 year, 1 month ago

Israel has an iron grip over Gaza and West Bank’s economy | Data

The Hindu  

The Data point published on October 23, 2023, titled ‘Five wars in 15 years stifled Gaza’s growth’ described how the Gaza Strip and West Bank lagged behind many countries on several socio-economic indicators. It showed that the long conflict between Hamas and Israel and the widespread use of violence by Israeli forces on Palestinian territories have stalled Gaza’s socio-economic growth. …

Five wars in 15 years have stifled Gaza’s growth | Data
1 year, 1 month ago

Five wars in 15 years have stifled Gaza’s growth | Data

The Hindu  

Since the beginning of Israeli strikes following Hamas’ surprise attack in southern Israel on October 7, over 4,700 people have died in the Gaza Strip, according to reports from the territory’s leaders. Chart 1A | The chart shows GDP per capita, PPP. While over 16,000 people are injured in Gaza, the region only has 13 hospital beds per 10,000 population, …

Gaza needed billions in aid before Israel-Hamas war: UN
1 year, 1 month ago

Gaza needed billions in aid before Israel-Hamas war: UN

Al Jazeera  

Before the conflict broke out on October 7, the economic conditions in Gaza were dire after years of the Israeli blockade. Gaza already needed billions of dollars in international aid to compensate for years of Israeli blockade before the Israel-Hamas war broke out, a United Nations report states. “Donors and the international community need to extend significant economic aid to …

All-out war: Israel pounds Gaza after militants infiltrate in a large-scale attack
1 year, 2 months ago

All-out war: Israel pounds Gaza after militants infiltrate in a large-scale attack

NPR  

All-out war: Israel pounds Gaza after militants infiltrate in a large-scale attack Enlarge this image toggle caption Eyad Baba/AFP via Getty Images Eyad Baba/AFP via Getty Images TEL AVIV, Israel — Israel is in a state of war, after Palestinian militants launched a large-scale surprise attack from the blockaded Gaza Strip on civilian and military targets in Israel early Saturday. …

World Bank estimates cost of rebuilding Gaza at $485M
3 years, 5 months ago

World Bank estimates cost of rebuilding Gaza at $485M

Live Mint  

Rebuilding Gaza after the latest devastating war between Israel and the territory's militant Hamas rulers will cost up to $485 million, the World Bank said. Gaza has been under a crippling Israeli and Egyptian blockade since Hamas seized power from rival Palestinians forces in 2007 and is still scarred from three previous wars between Israel and the Islamic militant group. …

Israeli bombardment severely weakened Gaza economy: Report
3 years, 5 months ago

Israeli bombardment severely weakened Gaza economy: Report

Al Jazeera  

The UN, EU, and World Bank report estimates the cost of damage to the Gaza Strip after the 11-day May offensive between $290m and $380m. The socioeconomic situation in the Gaza Strip has been severely weakened as a result of the Israeli offensive in May, a report by the United Nations, the European Union and the World Bank has found. …

Infographic: What you need to know about Israel’s military
3 years, 6 months ago

Infographic: What you need to know about Israel’s military

Al Jazeera  

Last month, as Israel bombarded the besieged Gaza Strip for the fourth time in 12 years, the United States approved a $735m arms sale to Israel. According to the US Congressional Research Service, factors for the continuing military support to Israel include shared strategic interests, “domestic US support for Israel” and “a mutual commitment to democratic values”. During the past …

How much did it cost Palestinians and Israelis in 11-day fight
3 years, 7 months ago

How much did it cost Palestinians and Israelis in 11-day fight

India Today  

With a ceasefire due to take effect on Friday, Israelis and Palestinians counted the cost of 11 days of hostilities that disabled Gaza's sanitation facilities and other infrastructure while disrupting Israel's economy. Israel's manufacturers association said on May 13 that the loss to the economy between May 11-13 reached 540 million shekels because the south and centre of the country …

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