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Palestinian businessman seeks self-funded projects to support Gaza economy

An agreement of $1 million was signed to restore industrial facilities that were destroyed in the May 2021 war on Gaza, which came as a glimmer of hope for the stricken industrial city. ....

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Russia-Ukraine war leaves Hamas in financial crisis

The fragile Palestinian economy in the Gaza Strip has been largely affected by the Russian-Ukrainian war, which has caused price hikes and an increase in taxes. ....

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Hamas imposes new taxes on products imported from West Bank

Hamas' Ministry of Finance in the Gaza Strip is imposing a new tax on imported West Bank products, which will add to the hike in prices amid a devastated economy due to the Israeli siege and repeated Israeli wars. ....

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Israel bombs ice cream factory in Gaza

Eleven days of relentless Israeli attacks has caused heavy damage to Gaza s factories and farmland.
Palestinian employees work at the Al-Arees ice cream factory in Khan Yunis in the southern Gaza Strip on April 7, 2012. - SAID KHATIB/AFP via Getty Images
May 21, 2021
GAZA CITY, Gaza Strip Sami al-Ghazali, the owner of the Maatoug Booza Factory, never thought that his investments in the local ice cream business in Gaza’s supposedly safe industrial zone would vanish in a blink of an eye. But on May 17, his factory was bombed by Israeli artillery shells and completely destroyed.
“I invested more than $500,000 to establish the factory in a safe area far from any potential Israeli attack,” Ghazali told Al-Monitor. ....

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Gazans outraged over million-dollar mosque reconstruction

The reconstruction of a mosque at a cost of $1 million in the cash-strapped Gaza Strip has shocked Gaza's largely impoverished population. ....

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