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Gaza: An Economic Disaster

CrossFireArabia
News
December 17, 2024

The World Bank stated that the ongoing Israeli war on Gaza since October 7, 2023, has led to an “unprecedented shift in modern history” for the Palestinian economy, which has been destroyed by Israeli attacks.

In their latest report, they revealed that the Israeli genocide has destroyed nearly 93% of bank branches in Gaza, with only 3 out of 94 ATMs still operational.

It added that Palestinians in Gaza are struggling to pay for basic goods such as food and medicine, as the collapse of the banking system disrupts the private sector.

CrossFireArabia

Dr. Marwan Asmar holds a PhD from Leeds University and is a freelance writer specializing on the Middle East. He has worked as a journalist since the early 1990s in Jordan and the Gulf countries, and been widely published, including at Albawaba, Gulf News, Al Ghad, World Press Review and others.