Israel Financial News

Israel-Hamas war: Prime Minister Benjamin Netanyahu-led government on Sunday decided to hold the tax fund collected for the Palestinian Authority (PA) and transfer it to Norway. The move comes as Israel accused the Palestinian Authority (PA) of funding Hamas operations- the terrorist group that launched the brutal 7 October attack against Israel, which triggered the Israel-Hamas war in Gaza. Gaza authorities on Sunday informed that the death toll in Israel's operations Hamas has reached a staggering 25,000 most of which include innocent civilians.

By Natalie Grover

Red Sea has only escalated the chaos across the shipping industry, underscoring the threat of an enduring supply-chain crisis as vessels navigate the crucial trade route.

Islamist group Hamas while admitting in a 16-page report that “some faults happened due to the rapid collapse of the Israeli security and its military system". The attack resulted in over 1,140 deaths, mostly civilians. Around 700 Israeli civilians and 76 foreigners were among the dead, with one Israeli still missing, according to a report published by AFP. During the attack, the gunmen seized around 250 hostages, as per the latest Israeli figures.

“axis of resistance" and Israel and America engage in ever more dangerous strikes on each other, including assassinations. Iranian allies in Iraq and Syria have launched about 140 rocket and drone attacks against American troops since the start of the Gaza war. Perhaps the most severe came on January 20th, with a volley of “multiple ballistic missiles and rockets" fired at the Al Asad base in western Iraq, according to America’s Central Command.

DUBAI—The U.S., Egypt and Qatar are pushing Israel and Hamas to join a phased diplomatic process that would start with a release of hostages and, eventually, lead to a withdrawal of Israeli forces and an end to the war in Gaza, diplomats involved in mediating the talks said. Neither side in the conflict has agreed to the terms of the new proposal—which includes steps at odds with the stated positions of Israel and Hamas. Taher Al-Nono, a media adviser to Hamas, said there was no real progress, and Israeli officials didn’t respond to a request for comment.

Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. The disruptions are at a key point for ships passing through the Suez Canal and are creating ripples across supply chains in Europe and the U.S., delaying shipments and raising transportation costs. Average worldwide costs of shipping a 40-foot container rose 23% in the week through Jan.

crime. Not because it is the bloodiest: Stalin and Mao killed many more people in gulags and famines than the nearly 6m Jews murdered by the Nazis. But the Holocaust was seen as so monstrous that the UN adopted the Genocide Convention, promising never again to allow an attempt to wipe out a group of people, or part of one, simply because of their nationality, race, religion or ethnicity.

Aleph Farms of Israel has received the preliminary green light from health officials to produce and sell the world's first steaks made from cultivated beef cells, not the entire animal

Gaza, has reportedly damaged at least 16 cemeteries, destroying gravestones, overturning soil, and, in some instances, exposing buried bodies. According to a CNN report, one incident in Khan Younis involved the destruction of a cemetery.

Iraq launched multiple rockets and ballistic missiles on Saturday (local time) targeting Washington's al-Assad Airbase in Western Iraq, said US Central Command. CENTCOM said that several US personnel are undergoing evaluation for «traumatic brain injuries» and at least one Iraqi service member was wounded in the attack. «At approximately 6:30 pm (Baghdad time) time Jan. 20, multiple ballistic missiles and rockets were launched by Iranian-backed militants in Western Iraq targeting al-Assad Airbase.

Iran-backed militants in Western Iraq targeting Al-Assad Airbase on 20 January, Saturday, claims US Central Command. Taking to microblogging site X, US CENTCOM posted, “Most of the missiles were intercepted by the base’s air defense systems while others impacted on the base. Damage assessments are ongoing.

oil market appears to be bracing for a weeks-long disruption to shipping in the southern Red Sea, where Houthi militants have for months been attacking merchant vessels in response to Israel's war in Gaza. Charters of tankers to haul crude and fuels — which for some vessels are arranged up to a month in advance — reveal growing numbers of the vessels are being hired for routes that will avoid the danger zone, according to shipowners, brokers and traders.

Joe Biden said on Friday it was still possible Israeli Prime Minister Benjamin Netanyahu could agree to some form of Palestinian state, after the two leaders spoke for the first time in nearly a month amid tensions over the Gaza war. Their call came a day after Netanyahu said he opposes allowing Palestinian sovereignty in the wake of the conflict with Hamas, deepening Israeli divisions with key backer Washington over the conduct of Israel's offensive and what comes next. But Biden said after the call that it was not impossible Netanyahu might come round to some form of so-called two-state solution, mooted for decades as a way to end tensions in the Middle East, despite the Israeli premier's comments. «There are a number of types of two-state solutions. There's a number of countries that are members of the UN that… don't have their own militaries,» Biden told reporters.

Israel-Hamas war are being felt in Syria, which has been targeted by air raids and other attacks launched from several countries. On Saturday, Israel launched its second high-profile targeted assassination in the country in less than a month, killing the Iranian Revolutionary Guards' spy chief for Syria and three other Guards members.

intensifying strikes targeting senior Iranian and allied figures in Syria and Lebanon -- both backers of the Palestinian militant group Hamas -- raising fears that the Gaza conflict could expand further throughout the region. The Islamic Revolutionary Guard Corps (IRGC) confirmed it lost five members in the strike that it blamed on Israel, its regional arch-foe, updating an earlier toll from four. Hamas condemned what it called a "heinous crime".

Also Read: ‘Oil markets well supplied’, says IEA as it raises 2024 global demand forecast; projects lower than OPEC The premium of the first-month Brent contract to the six-month contract rose to as much as $2.15 a barrel on Friday, the highest since November. This structure, called backwardation, indicates a perception of tighter supply for prompt delivery. Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a February 16 expiry, settled 0.28 per cent higher at ₹6,045 per bbl, having swung between ₹6,084 and ₹6,213 per bbl during the session, against a previous close of ₹6,106 per barrel.

By Nidal al-Mughrabi and Fadi Shana

By Kinda Makieh and Laila Bassam

Houthi attacks on ships in the southern Red Sea or Gulf of Aden, which continue to occur almost daily. The Houthi rebels, supported by Iran, claim their actions in the Red Sea corridor are in response to Israel's offensive against Hamas in the Gaza Strip. The Gaza conflict, now in its fourth month, stands as one of the deadliest and most destructive military campaigns in recent history.

southern Gaza Strip threatened the few healthcare facilities still open, Reuters reported. The Red Crescent said displaced people were injured due to intense gunfire from the Israeli drones targeting citizens at Al-Amal Hospital as well as the rescue agency's base. In the same city, Israeli tanks were also approaching Gaza's biggest remaining functioning hospital, Nasser, where people reported hearing hellfire from the west.