EU launches $1 billion aid initiative for Gaza

Palestinians gather around the site of an Israeli military drone strike on an alleged Hamas site in Gaza City’s Sabra neighborhood, July 12, 2026. (AP Photo/Jehad Alshrafi)
Palestinians gather around the site of an Israeli military drone strike on an alleged Hamas site in Gaza City’s Sabra neighborhood, July 12, 2026. (AP Photo/Jehad Alshrafi)

The European Commission says it has launched an initiative with 15 partners to deliver €883.6 million ($1 billion) in aid to Gaza.

It says the “Team Gaza Initiative,” launched at the Palestine Donor Group meeting in Brussels, will support ongoing and planned early recovery projects for the people of Gaza.

Twelve European countries and Japan joined the initiative, together with the World Bank and the European Investment Bank, the Commission says.

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