Gaza: An Economic Disaster

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

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.

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Gaza in Starvation Mode Thanks to Israel

The UN agency for Palestinian refugees (UNRWA) sounded the alarm on Saturday over a rapidly escalating humanitarian catastrophe in the Gaza Strip.

“All basic supplies are running out in Gaza. It means babies, children are going to bed hungry,” Juliette Touma, the agency’s director of communications, said in a statement.

“Six weeks into the Israeli-imposed siege blocking the entry of aid and commercial supplies, food stocks are nearly gone, bakeries closed, and hunger is spreading,” the agency also noted.

The UNRWA emphasized that “immediate action is needed to prevent a deepening humanitarian crisis.”

The Israeli army renewed a deadly assault on Gaza on March 18, shattering the ceasefire and prisoner exchange agreement that took hold in January.

More than 50,900 Palestinians, most of them women and children, have been killed in Gaza in a brutal Israeli onslaught since October 2023.

The International Criminal Court issued arrest warrants last November for Israeli Prime Minister Benjamin Netanyahu and his former Defense Minister Yoav Gallant for war crimes and crimes against humanity in Gaza.

Israel also faces a genocide case at the International Court of Justice for its war on the enclave.

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