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ISRAEL AT WAR - DAY 351

Palestinian economy

Finance Minister Bezalel Smotrich attends a Knesset Finance Committee meeting in Jerusalem, September 16, 2024. (Yonatan Sindel/Flash90)
September 21, 2024, 3:40 am
US concerned Smotrich may try to collapse Palestinian banking system — officials
Finance minister has until end of next month to sign waiver allowing Israeli banks to cooperate with Palestinian ones, without which PA economy would struggle to survive
By Jacob Magid and ToI Staff
Finance Minister Bezalel Smotrich leads a Religious Zionism faction meeting at the Knesset, in Jerusalem, June 24, 2024. (Chaim Goldberg/Flash90)
August 5, 2024, 2:41 am
Smotrich freezes NIS 100 million in PA funds over ‘incitement to terror’
Finance minister says freezing funds is part of Israel’s battles against terrorism, will divert cash to families of terror victims instead
By ToI Staff and Reuters
Prime Minister Benjamin Netanyahu attends a debate at the Knesset in Jerusalem, June 24, 2024 (Chaim Goldberg/Flash90)
June 25, 2024, 1:27 pm
Daily Briefing June 25: Day 263 – Opposition raps PM, says he thinks himself a ‘king’
Political correspondent Sam Sokol discusses submarine affair, heated Knesset debate; Arab affairs reporter Gianluca Pacchiani talks about Palestinian labor and Beirut airport
By ToI Staff
Crowds of people shop in an open-air market in the southern Gaza Strip city of Khan Younis on November 28, 2023. (Mohammed Abed/ AFP)
December 12, 2023, 11:50 pm
World Bank warns war causing ‘unparalleled’ damage to Palestinian economy
Global body notes destruction of most of Gaza’s infrastructure, predicts 3.7% contraction this year compared to pre-war prediction of 3.2% growth
By Agencies and ToI Staff
Palestinians walk by destroyed buildings in al-Zahra, on the outskirts of Gaza City, October 20, 2023. (AP/Ali Mahmoud)
November 10, 2023, 10:49 am
UN says Palestinian economy shrank ‘unprecedented’ 4% in month of war
Syrian economy used to lose 1% of its GDP per month at height of conflict, and it took Ukraine a year and a half to lose 30% of its GDP, report says
By Agencies
A Palestinian man counts stacks of banknotes at a currency exchange counter in the West Bank city of Ramallah on October 5, 2021. (Abbas Momani/AFP)
May 2, 2023, 9:21 pm
World Bank warns outlook ‘bleak’ for Palestinian economy
Global lender says Israeli restrictions ‘among the most important obstacles to growth and private sector development’ in West Bank and Gaza
By AFP and ToI Staff
File - people arrive on the Jordanian side of the Allenby Bridge crossing between the West Bank and Jordan on July 19, 2022. (Khalil Mazraawi/AFP)
February 15, 2023, 9:38 pm
Israel says it approved economic gestures for Palestinians following talks with US
Senior diplomatic official says government to attend to fees at Allenby crossing, lower fuel tax, ease imports after dialogue with Biden officials ahead of sensitive Ramadan month
By Jacob Magid and Michael Bachner
A Palestinian boy walks while backdropped by his home village of Susiya in Area C of the West Bank on July 24, 2015. (AP/Nasser Nasser)
November 22, 2022, 10:50 pm
UN: Israeli controls in Area C costing West Bank Palestinians $2.5 billion per year
Report says limits on Palestinian development in parts of the territory fully controlled by Israel go further than in rest of West Bank, keeping PA economy from potential windfalls
By AFP
A Gaza clothes merchant holds up jeans during a sit-in to protest a new tax of 10 shekels ($2.9) on each pair of imported jeans, in front of the Clothes Traders Syndicate in Gaza City, July 21, 2022. (AP Photo/Adel Hana)
July 28, 2022, 10:44 am
Cash-strapped Hamas raises taxes in impoverished Gaza, sparking rare protests
Decision to raise taxes on imported clothes and school supplies comes at a time already marked by financial hardship; clothes merchants stage protest in Gaza City
By Agencies
A Palestinian vendor displays a variety of pickles, widely desired as a side dish while breaking fast in Ramadan, in front of his cafeteria in the West Bank city of Ramallah, April 2, 2022. (Nasser Nasser/AP)
May 10, 2022, 10:55 am
World Bank: Despite growth, ‘precarious’ Palestinian economy needs more aid
Report ahead of donor conference in Brussels – to be attended by Israeli minister – finds West Bank economy grew 7.8% in 2021, but was hit by record-low foreign donations
By AFP
(From R-L) Prime Minister Naftali Bennett, Egyptian President Abdel-Fattah el-Sissi, and UAE Crown Prince Mohammed bin Zayed. (Collage/AP)
March 22, 2022, 1:00 pm
Daily Briefing March 22: Bennett goes to Sinai; Iran deal close to complete
Political reporter Tal Schneider discusses Bennett’s trilateral summit as US correspondent Jacob Magid looks at Iran deal, AIPAC endorsements and US envoy Nides on Palestinian 4G
By ToI Staff
Palestinians walk in front of a currency exchange counter in the West Bank city of Ramallah on October 5, 2021. (ABBAS MOMANI / AFP)
November 11, 2021, 4:42 pm
UN urges Israel, PA to jointly address ‘dire’ Palestinian economic crisis
Report accuses Israel of ‘contributing to the crisis’ by withholding portion of tax revenues it collects in order to offset sums PA pays to security prisoners, including terrorists
By ToI Staff
View from above the Manara Square in the center of the West Bank city of Ramallah, September 11, 2011. (Nati Shohat/FLASH90)
August 27, 2021, 4:56 pm
Israel, PA discuss potential aid to Ramallah amid fears of economic collapse
Officials tell ToI Israel could send as much as $247 million to support Ramallah, which has seen international aid dwindle over past year and is in dire economic state
By Aaron Boxerman and Jacob Magid
Palestinians walk past closed stores near the Church of the Nativity in the West Bank City of Bethlehem, Monday, November 23, 2020. (AP Photo/Majdi Mohammed)
November 24, 2020, 11:45 pm
World Bank forecasts Palestinian economy to contract 8% in 2020
Report says unemployment in the West Bank is at 18.2% and at 48.5% in hard-hit Gaza
By Agencies
Disabled Gazan couple Nihad Jarboa, 37, (L) and his wife Zeinab, 35, sit on their wheelchairs as clients try on cartoon-inspired costumes stitched by them, at their home in the Rafah refugee camp in the southern Gaza Strip, on July 19, 2020. (Photo by SAID KHATIB / AFP)
August 4, 2020, 9:01 am
Disabled Gaza couple make dolls, costumes to give their children ‘decent life’
Nihad and Zeinab Jarboa vow not to give up even as coronavirus crisis reduces their business by 75%
By AFP and ToI Staff
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