Palestine Financial News

Gaza's civil defence agency said Saturday at least 90 people were killed in an Israeli strike on a school housing displaced people in the besieged Palestinian territory. The agency said three Israeli rockets hit the school in Gaza City, describing the incident as a «horrific massacre», with some bodies catching fire. Israel's army said Saturday it had «precisely struck Hamas terrorists operating within a Hamas command and control center embedded in the Al-Taba'een school».

United Nations court on Wednesday to join South Africa's genocide lawsuit against Israel, a Turkish official said. The declaration of intervention will be submitted at the International Court of Justice in The Hague, the official said on condition of anonymity in accordance with regulations. Turkiye, one of the fiercest critics of Israel's actions in Gaza, will become the latest nation to seek to participate in the case. Turkish President Recep Tayyip Erdogan has frequently compared Israeli Prime Minister Benjamin Netanyahu to Adolf Hitler, accused his country of genocide, called for it to be punished in international courts and criticised Western nations for backing Israel.

polished diamonds in international markets due to recession. As per Kiran Gems company website, it is the 'world's largest manufacturer of natural diamonds. «We have announced a 10-day vacation for our 50,000 employees. Though we will deduct some amount, all employees will be paid a salary for this period. We are forced to announce this vacation because of the recession. I am tired of this recession now,» Kiran Gems chairman Vallabhbhai Lakhani told PTI. He underlined the short supply of rough diamonds and the lack of sufficient demand for polished diamonds exported by the company.

U.S. personnel were injured in an attack against a military base in Iraq on Monday, U.S. officials told Reuters, as the Middle East braced for a possible new wave of attacks by Iran and its allies following last week's killing of senior members of militant groups Hamas and Hezbollah. Two Katyusha rockets were fired at al Asad airbase in western Iraq, two Iraqi security sources said. One Iraqi security source said the rockets fell inside the base. It was unclear whether the attack was linked to threats by Iran to retaliate over the killings. On Wednesday, Iran said the U.S. bears responsibility in the assassination of Hamas leader Ismail Haniyeh in Tehran because of its support for Israel.

Turkey's government will hold talks with Instagram officials on Monday after blocking access to the social media platform last week, Transport and Infrastructure Minister Abdulkadir Uraloglu said in a post on X. The move came after a senior Turkish official accused Instagram of blocking condolence posts following the assassination of Ismail Haniyeh, leader of the Palestinian militant group Hamas. Uraloglu said Turkey had expressed certain sensitivities regarding compliance with Turkish laws in a previous meeting with representatives of Instagram last week.

schools in Gaza City on Sunday, killing at least 30 people, while the military reported it had struck Hamas command centres. These bring to at least 11 the number of schools in Gaza to be struck since July 6, killing around 150 people, based on a tally of tolls previously given by officials in the Hamas-run territory. «The number of martyrs in the massacre of the Hassan Salameh and Al-Nasr schools' bombing has risen to 30. Dozens were also wounded,» civil defence spokesman Mahmud Bassal told AFP.

Hamas's political leader in an attack blamed on Israel has prompted fears of a wider regional conflict and sidelined talks aimed at ending the nearly 10-month war in Gaza. Since Hamas's deadly October 7 attack on Israel sparked devastating retaliation in Gaza, Qatar has acted as an important interlocutor with the Palestinian militant group. The movement's slain political chief Ismail Haniyeh was based in the Gulf emirate.

Israel-Palestine conflict has been marked by numerous controversial tactics, one of the most notorious being the 'Hannibal Directive,' which allows for the use of excessive force to prevent the capture of Israeli soldiers, even if it endangers hostages. Another controversial tactic was the 1978 assassination of Palestinian leader Wadie Haddad by Mossad agents using poisoned toothpaste. Wadie Haddad, head of the Popular Front for the Liberation of Palestine (PFLP), was implicated in several high-profile attacks, including the 1976 hijacking of Air France Flight 139, known as the Entebbe Hijacking. The plane, diverted from Tel Aviv to Paris, was then taken to Libya and Uganda. Israel’s response, Operation Thunderbolt, was a successful rescue mission led by Lt Col Yonatan Netanyahu, who tragically lost his life in the operation. Mossad’s Mission

killed four people in a tent camp housing displaced people inside a hospital complex in central Gaza, while a stabbing attack carried out by a Palestinian killed two people in a Tel Aviv suburb. Tensions have soared following nearly 10 months of war in Gaza and the killing of two senior militants in separate strikes in Lebanon and Iran last week. Those killings brought threats of revenge from Iran and its allies and raised fears of an even more destructive regional war. A woman in her 70s and an 80-year-old man were killed in the stabbing attack, according to Israel's Magen David Adom rescue service and a nearby hospital, and two other men were wounded. The police said the attack was carried out by a Palestinian militant, who was «neutralized,» and that a search was underway for other suspects.

Iran and its allies readied their response to the assassination of Hamas's political leader, blamed on Israel, spurring fears of a regional war. Israel ally the United States said it would move warships and fighter jets to the region, while Western governments called on their citizens to leave Lebanon — where the powerful Iran-backed Hezbollah movement is based — and airlines cancelled flights. The killing this week of Hamas leader Ismail Haniyeh in Tehran, hours after the Israeli assassination of Hezbollah's military chief in Beirut, has triggered vows of vengeance from Iran and the so-called «axis of

West Bank killed nine Palestinian militants on Saturday, Israel's army said, as violence flared again in the Israeli-occupied territory with tensions high over the war in Gaza and a potential regional escalation. Cease-fire discussions on Gaza continued, with an Israel delegation led by the Mossad chief briefly visiting Cairo, an Egyptian official said. The U.S. has urged Israel to seize the chance for a cease-fire after the shock killing of Hamas' political leader in Iran, which Tehran blames on Israel. That killing and Israel's assassination of a Hezbollah commander in Lebanon have the region holding its breath for retaliation against Israel on either front, or both, after Iran and its proxies vowed to act. Hamas said its command had begun discussions on choosing a new leader.

rockets were fired from southern Lebanon towards Israel on Sunday (local time), SKY News reported, citing Israeli media reports. Videos showed Israel's Iron Dome defence system being activated over the area. Hezbollah said in a statement that it attacked a new Israeli settlement, Beit Hillel, with rockets. This is in response to Israel's attacks on Palestinian villages in Gaza, which hurt civilians. Hezbollah is supporting the Palestinian people and their resistance.

West Bank Saturday killed nine Palestinian militants, according to Israel's army, as violence flares in the Israeli-occupied territory. The Israeli army said its forces first struck a vehicle in a rural area northwest of the city of Tulkarem in the northern West Bank early Saturday morning, killing the five occupants. The army said they were on their way to carry out an attack. The Palestinian health ministry said the dead men's corpses were taken to a nearby hospital in Tulkarem. All five men were later identified by Hamas as militants belonging to the group, including one who was a local commander.

Iran's Revolutionary Guards said on Saturday that Palestinian militant group Hamas' leader Ismail Haniyeh was slain in Tehran by a short-range projectile with a warhead of about 7 kg, and vowed severe revenge. Wednesday's assassination has drawn fears of direct conflict between Tehran and its arch-enemy Israel in a region shaken by Israel's war in Gaza and a worsening conflict in Lebanon.

An estimated 1m Palestinians have fled Rafah since the start of Israel’s offensive there on May 6th. For those who remain, the fighting has had grisly consequences. At least 45 people, including a number of children, died on May 26th after an Israeli air strike set fire to a tent camp; survivors had to pull charred bodies from the wreckage.

Turkey has blocked access to social media platform Instagram, the infotech regulator said on Friday, without stating a reason or duration for the ban, which also left the platform's mobile app inaccessible. The move follows comments on Wednesday by Turkish communications official Fahrettin Altun, criticising the platform for what he called its decision to block condolence posts on the killing of Ismail Haniyeh, a key official of Palestinian militant group Hamas. «This is censorship, pure and simple,» Altun, the communications director of the Turkish presidency, said on X, adding that Instagram had not cited any policy violations for its action.

Read this | Modi vibes well with Trump. But India may not be ready for a second Trump term With the death of Haniyeh, a crucial negotiator for a ceasefire, any de-escalation seems unlikely. Geopolitical analysts warn that the situation could escalate into a global conflict if allies on both sides become involved.

Iran held funeral processions on Thursday with calls for revenge after the killing in Tehran of Hamas political chief Ismail Haniyeh in a strike blamed on Israel.

Hamas leader Ismail Haniyeh was assassinated in the Iranian capital Tehran early on Wednesday morning, an attack that drew threats of revenge on Israel and fuelled further concern that the conflict in Gaza was turning into a wider Middle East war.

Hamas political chief Ismail Haniyeh in Tehran and Hezbollah commander Fuad Shukr in Beirut within hours of each other on Tuesday-Wednesday, Israel has successfully conducted what it had purportedly set out to do: take out what lay at the core of the Hamas October 7, 2023, attacks on Israel that led to more than 1,000 deaths and over 250 people taken hostage by the Palestinian terrorist group. In the process, Tel Aviv has pushed the region further to wider conflict. Predictably, Iran has vowed vengeance. It is now the job of Israel's allies, especially the US, to ensure that Tel Aviv doesn't go for an over-overkill. Further escalation must be nipped in the bud.

Global stocks have advanced and oil prices jumped more than $2 a barrel after Hamas’s top political leader Ismail Haniyeh died in an air strike