The Times of Israel https://www.timesofisrael.com/topic/palestinian-economy/ News from Israel, the Middle East and the Jewish World Sat, 19 Sep 2026 02:03:25 +0000 en-US hourly 1 https://static-cdn.toi-media.com/www/uploads/2018/11/toi_icon_512-200x200.png Palestinian economy | The Times of Israel https://www.timesofisrael.com/topic/palestinian-economy/ 32 32 Palestinian banking crisis averted, as Israeli bank delays plan to halt collaboration https://www.timesofisrael.com/palestinian-banking-crisis-averted-as-israeli-bank-delays-plan-to-halt-collaboration/ Mon, 31 Aug 2026 15:58:45 +0000 https://www.timesofisrael.com/?p=3888829&preview=true&preview_id=3888829 A day before deadline, Discount Bank agrees to push off plan to stop correspondent banking services to Palestinian counterparts, which tethers West Bank to global economy

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]]> Progress made in talks with Israeli banks to delay move that could collapse PA economy https://www.timesofisrael.com/progress-made-in-talks-with-israeli-banks-to-delay-move-that-could-collapse-pa-economy/ Thu, 20 Aug 2026 22:11:26 +0000 https://www.timesofisrael.com/?p=3882885&preview=true&preview_id=3882885 Sources tell ToI that Discount and Hapoalim are likely to hold off on threat to stop providing critical correspondent services to Palestinian banks, following Western intervention

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]]> Palestinians ask US Supreme Court to halt $656m payment pending restitution case appeal https://www.timesofisrael.com/palestinian-authorities-ask-us-supreme-court-to-halt-656m-payment-in-terror-judgment/ Thu, 30 Jul 2026 19:58:46 +0000 https://www.timesofisrael.com/?p=3871254 PLO, PA argue that paying hefty sum now in long-running lawsuit filed by Americans who blame them for attacks that killed their loved ones in Israel would destabilize West Bank

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]]> West Bank fuel shortage strands Palestinians at pump with economy running on empty https://www.timesofisrael.com/west-bank-fuel-shortage-strands-palestinians-at-pump-with-economy-running-on-empty/ Thu, 30 Jul 2026 19:51:49 +0000 https://www.timesofisrael.com/?p=3870200 Cash liquidity crunch and fiscal strains, some stemming from PA's reliance on Israeli shekel, seen as driving petrol scarcity, leading to long gas lines and illicit 'black gold' sales

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]]> Israel acts to ease Palestinian banking crisis it helped create, but is it moving too late? https://www.timesofisrael.com/israel-acts-to-ease-palestinian-banking-crisis-it-helped-create-but-is-it-moving-too-late/ Thu, 23 Jul 2026 00:25:40 +0000 https://www.timesofisrael.com/?p=3866261 Smotrich signs waiver allowing transactions with Palestinian banks until end of 2026, though Israeli financial institutions are wary about continuing to provide services crucial to keeping West Bank economy afloat

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]]> ‘Economic warfare?’ In the West Bank, too much cash is breaking the Palestinian economy https://www.timesofisrael.com/economic-warfare-in-the-west-bank-too-much-cash-is-breaking-the-palestinian-economy/ Mon, 20 Jul 2026 17:43:32 +0000 https://www.timesofisrael.com/?p=3864748 Palestinian officials say banks can't convert cash into electronic balances, leaving them unable to process transfers due to limits on physical currency Israel takes from the PA

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]]> Report warns Israeli restrictions pushing Palestinian economy in West Bank to collapse https://www.timesofisrael.com/report-warns-israeli-restrictions-pushing-palestinian-economy-in-west-bank-to-collapse/ Mon, 15 Jun 2026 09:54:43 +0000 https://www.timesofisrael.com/?p=3843047 Deprived of tax revenues and work permits, 'economic conditions necessary for any Palestinian future other than permanent subjugation' being lost, warns International Crisis Group

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]]> Gaza rebuild priced at $71 billion, with most homes and nearly all businesses destroyed https://www.timesofisrael.com/gaza-rebuild-priced-at-71-billion-with-most-homes-and-nearly-all-businesses-destroyed/ Wed, 06 May 2026 13:53:16 +0000 https://www.timesofisrael.com/?p=3810416 First comprehensive report since ceasefire, compiled by World Bank, UN and EU, finds war caused over $35 billion of direct damage and over $22 billion more of economic losses

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]]> Hamas reinstates fees on imported goods, raises taxes as it reasserts control in Gaza https://www.timesofisrael.com/hamas-reinstates-fees-on-imported-goods-raises-taxes-as-it-reasserts-control-in-gaza/ Fri, 14 Nov 2025 09:14:55 +0000 https://www.timesofisrael.com/?p=3688600 Gazan merchants say terror group is trying to regulate high market prices, but analysts see move as sign that Hamas is preparing to dig in its feet and refuse to cede power

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]]> School delayed and wages unpaid, Palestinian Authority faces deep economic crisis https://www.timesofisrael.com/school-delayed-and-wages-unpaid-palestinian-authority-faces-deep-economic-crisis/ Thu, 11 Sep 2025 05:05:27 +0000 https://www.timesofisrael.com/?p=3636505 After years of financial clashes with Israel, the PA is undergoing its most severe financial crisis, with Israeli officials warning of security threats if the distress persists

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]]> Barred from working in Israel, West Bank Palestinians pay a price for Gaza’s war https://www.timesofisrael.com/barred-from-working-in-israel-west-bank-palestinians-pay-a-price-for-gazas-war/ Sat, 19 Jul 2025 08:21:19 +0000 https://www.timesofisrael.com/?p=3594972 With permits down to 11% of pre-October 7 levels, laborers once dependent on Israel for decent wages are drowning, even as robust trade ties keep the intertwined economies afloat

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]]> Ongoing war sees Gaza residents paying middlemen 40% cut to get their own cash https://www.timesofisrael.com/ongoing-war-sees-gaza-residents-paying-middlemen-40-cut-to-get-their-own-cash/ Fri, 11 Jul 2025 10:14:22 +0000 https://www.timesofisrael.com/?p=3595895 Territory's economy has become entirely dependent on cash, giving immense power to cash brokers; new practice of money repair has emerged, but even then, some notes are rejected

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]]> Smotrich moves to paralyze Palestinian economy in response to Western sanctions https://www.timesofisrael.com/smotrich-moves-to-paralyze-palestinian-economy-in-response-to-western-sanctions/ Tue, 10 Jun 2025 23:03:37 +0000 https://www.timesofisrael.com/?p=3569569&preview=true&preview_id=3569569 Finance minister orders cancellation of waiver allowing Israel-PA bank ties, though Palestinian Authority not known to have been involved in UK-led decision to blacklist him and Ben Gvir

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]]> Seeking funds abroad, Abbas ally touts prisoner payment reform that’s ‘unpopular’ at home https://www.timesofisrael.com/seeking-funds-abroad-abbas-ally-touts-prisoner-payment-reform-thats-unpopular-at-home/ Tue, 04 Mar 2025 14:07:13 +0000 https://www.timesofisrael.com/?p=3491336 Tapped to head welfare fund replacing 'pay-to-slay,' Ahmad Majdalani says it'll be strictly need-based, and should suffice for US and Israel to scrap 'unjust' sanctions on Ramallah

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]]> Under US pressure, security cabinet extends Israel-PA bank ties deal by a year https://www.timesofisrael.com/under-us-pressure-security-cabinet-extends-israel-pa-bank-ties-deal-by-a-year/ Thu, 28 Nov 2024 20:11:51 +0000 https://www.timesofisrael.com/?post_type=liveblog_entry&p=3429143 Move pushed by Biden administration comes after Smotrich had insisted on month-by-month renewals; Ben Gvir votes against the measure he says will allow Ramallah to limp on

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