ISTANBUL (AA) – A prominent economist says Israel is heading towards a recession because of the uncertainties surrounding its war on Gaza. “I think that most chances are that this will be a recession and might be a deep recession too because the amount of uncertainty in our life is still there,” said Joseph Zeira, a […]
JERUSALEM (AA) – Israel’s central bank on Monday evening said the cost of the Israeli war on Gaza may reach 210 billion Shekels ($58 billion). At a press conference, central bank Governor Amir Yaron urged Israeli Prime Minister Benjamin Netanyahu to curb public spending. Yaron’s statement comes following the bank’s decision t...
JERUSALEM (AA) – Israeli authorities are preparing a plan that seeks to replace Palestinian workers in Israel with foreign workers, according to Israeli media. According to public broadcaster KAN, the plan is expected to be implemented in 2024 with the aim of reducing dependence on Palestinian laborers. The plan is set to be presented to...
Dhaka, Bangladesh – AFP Nobel peace laureate Muhammad Yunus was convicted on Monday of violating Bangladesh’s labour laws in a case decried by his supporters as politically motivated. Yunus, 83, is credited with lifting millions out of poverty with his pioneering microfinance bank but has earned the enmity of longtime Prime Ministe...
RAMALLAH, Palestine (AA) – The losses of private sector businesses in Palestine had reached approximately $1.5 billion in the first two months of Israel’s devastating onslaught on the Gaza Strip, the Palestinian Central Bureau of Statistics (PCBS) has said. The PCBS said in a statement that the daily losses of the private sector in Gaza ...
ISTANBUL (AA) – China has opposed any attack on ships in the Red Sea amid security concerns following Houthi attacks in retaliation for Israel’s war on Gaza. “The Red Sea is an important international route for trade and energy, and maintaining security and stability in the region is in the common interest of the international […]...
GENEVA (AA) – At least 66% of employment in the Gaza Strip has been wiped out by Israel’s military attacks since October 7, the UN labor agency has said. This is equivalent to a loss of 192,000 jobs, the International Labor Organization (ILO) said, citing a joint bulletin published with the Palestinian Central Bureau of […]
JERUSALEM (AA) – Israel’s far-right National Security Minister Itamar Ben-Gvir on Wednesday voiced his objection to allowing Palestinian workers to return to work in Israel. “My position on the matter is known to all — the introduction of Palestinian workers from the Palestinian Authority, which supports terrorism, into the State of Isra...
Rafah, Palestinian Territories — AFP Many people in Gaza already lived in poverty before the war. Now, even those with money have found the conflict to be a terrible equalizer as they hunt in vain for shelter and basic necessities for bare survival. Since fleeing to the south of Gaza, Mohammed al-Mahdun, 36, has been […]
JERUSALEM (AA) – Two months after Israel started its war on Gaza, many sectors in the country have failed to rebound from its impacts despite its conservative hardline government’s efforts to prop up the economy. Most sectors in Israel’s economy experienced a downturn after October 7, when Tel Aviv responded to an attack by t...
