JERUSALEM (AA) – Tourism in Israel fell by 76% annually in October because of the war on Palestine and the cancellation of the majority of flights to and from Tel Aviv, according to a report by the Israeli Central Bureau of Statistics. The report noted that 89,700 tourists visited Israel in October, with the majority […]
JERUSALEM (AA) – Israel’s foreign reserves have dropped by $7.3 billion in October amid the Israeli war on the besieged and impoverished Gaza Strip. In a statement, the Bank of Israel said the country’s foreign reserves reached $191.2 billion in October, down from $198.55 billion in September. Israel’s reserves are now at their lowest le...
ISTANBUL (AA) – Afghanistan’s interim Deputy Prime Minister Mullah Abdul Ghani Baradar Akhund met with top officials in Iran during an official visit, his office said on Monday. Baradar, responsible for the war-torn nation’s economic affairs, met Iranian Foreign Minister Hossein Amir-Abdollahian as well as Ali Akbar Ahmadian, chairman of Iran&...
Dhaka, Bangladesh — AFP Hundreds of garment factories in Bangladesh have shuttered as thousands of workers staged violent protests to demand a near-tripling of their wages. Bangladesh’s 3,500 garment factories account for around 85 percent of the South Asian country’s $55 billion in annual exports, supplying major Western bra...
JERUSALEM (AA) – Israel’s finance minister has frozen the transfer of tax revenues amounting to some $188 million monthly to the Palestinian Authority (PA), according to the Israeli media. Bezalel Smotrich said the funds will be withheld over the failure of the Ramallah-based authority to condemn the October 7 cross-border incursions by the Ha...
Riyadh, Saudi Arabia – – AFP The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum on Wednesday. Israel’s neighbours are feeling the effects, especially those that rely on tourism, Kristalina Georgiev...
Marrakesh, Morocco — AFP Israel’s war on Gaza has cast a shadow over the IMF-World Bank annual meetings in Morocco, with warnings that it has darkened the outlook for an already sluggish global economy. The global lenders are holding their gathering, which brings together finance ministers and central bankers from around the world,...
Gaza City, Palestinian Territories – AFP The only power plant in the Gaza Strip, which is under Israeli bombardment and siege, shut down Wednesday after it ran out of fuel, said the Palestinian enclave’s electricity authority. “The only power plant in the Gaza Strip stopped functioning at 2:00 pm (1100 GMT),” the author...
LONDON (AA) – The European Union’s assistance to Palestine will continue without suspension, EU foreign policy chief Josep Borrell said Monday. The announcement came in response to concerns that any suspension of payments would adversely affect the Palestinian population and potentially encourage terrorist activities in the region. ̶...
GENEVA (AA) – Austria has halted all financial assistance to Palestinian authorities totaling €19 million (about $20 million), Austrian Foreign Minister Alexander Schallenberg announced amid Israel’s siege on Gaza in response to resistance group Hamas’ Operation Al Aqsa Flood. “We will put all Austrian development coope...
