Palestine Financial News

ground offensive and a sign that Hamas is still putting up a fight despite weeks of brutal war. The mounting death toll among Israeli troops is likely to play an important factor in Israeli public support for the war, which was sparked when Hamas-led militants stormed communities in southern Israel on Oct 7, killing 1,200 and taking 240 hostage. The war has devastated parts of the Gaza Strip, killed roughly 20,400 Palestinians and displaced nearly 85% of Gaza's 2.3 million people.

By Nidal al-Mughrabi and Emily Rose

Gaza officials said Saturday, and Israel announced the death of five soldiers after the UN failed to call for a ceasefire. Eleven weeks into the Israel-Hamas war, Israeli forces pressed on with their offensive, a day after the UN Security Council adopted a resolution for more aid to flow into the besieged Gaza Strip.

BETHLEHEM, Occupied West Bank (Reuters) — Palestinian Christians held a sombre Christmas vigil in Bethlehem on Saturday, with candle-lit hymns and prayers for peace in Gaza instead of the usual festive celebrations at the spot where they believe Jesus Christ was born.

turns the Israel-Palestine war into a global economic problem. For weeks, ships transiting the strait, a choke point in the Suez Canal, have been under attack from the Houthis, a group of highly trained, Yemen-based, Iran-backed militants with access to an array of sophisticated naval artillery. The attacks are part of the group’s offensive against Israel’s bombardment of Gaza. At least 10 of the world’s biggest shippers and one oil supermajor have decided to avoid the canal, a passageway for more than 20,000 ships a year, which account for 12% of global trade, 9% of oil demand, 6% of LNG imports and 30% of container shipments.

By Nidal al-Mughrabi and Emily Rose

Israel-Palestine conflict has a long history and I am sure you read a lot of pieces on how the war was long overdue etc. etc. But, still apart from minor confrontations things were smoothening between the two hostile neighbors.

war isn't just looming over Israel-Palestine and Russia-Ukraine. Nope, they're spreading like wildfire, hitting everywhere from Afghanistan to Yemen, Africa to Southeast Asia.

ALSO READ: Rise of pirates in Red Sea to take toll on India’s exim business. Here are items that will turn costlier Maritime security firm Ambrey also informed that the “Liberia-flagged chemical/products tanker... was Israel-affiliated." ALSO READ: Red Sea News-Shipping Corp, other shipping, ports in focus as Red Sea route gets disrupted "Some structural damage was also reported and some water was taken onboard.

After days of wrangling to avert a threatened U.S. veto, the Security Council on Friday passed a resolution urging steps to allow «safe, unhindered, and expanded humanitarian access» to Gaza and «conditions for a sustainable cessation» of fighting.

UN chief said the way Israel was conducting its military operation was creating "massive obstacles" to aid distribution inside the battered enclave. It has passed a resolution urging steps to allow “safe, unhindered, and expanded humanitarian access" to Gaza.

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By Georgina McCartney and Arathy Somasekhar

After days of delays, the resolution also called for the creation of «conditions for a sustainable cessation of hostilities» but did not call for an immediate end to fighting.

Israel broadened their ground offensive. The UN Security Council passed the resolution on Gaza aid delivery with 13 votes in favor, zero votes against, and two abstentions. Russia, and United States abstained from voting on the resolution.

Australia batter Usman Khawaja has been reprimanded by the International Cricket Council for wearing a black armband in support of Palestinians in Gaza during the first cricket test against Pakistan. ICC regulations prevent cricketers from displaying messages of political, religious or racial causes during international matches. Khawaja was born in Pakistan and is the first Muslim to play test cricket for Australia. An ICC spokesperson confirmed the charge in breach of the clothing and equipment regulations to Australian media. «Usman displayed a personal message (armband) during the first test match against Pakistan without seeking the prior approval of Cricket Australia and the ICC to display it, as required in the regulations for personal messages,» it said. «This is a breach under the category of an 'other breach' and the sanction for a first offense is a reprimand.» The charge means Khawaja can accept a warning and continue to play.

temporary visas to Canada, the country's immigration minister said Thursday. However, the federal government cannot guarantee safe passage out of the besieged Palestinian territory.

struck al-Ahli hospital in Gaza City. Thousands of civilians had been sheltering there, alongside the sick. Palestinian officials say that hundreds died.

Mint takes a look at the crisis and India’s stakes in it. Originating from northern Yemen, the Houthis have been embroiled in a decade-long civil war, gaining significant territorial control, including Sanaa, the capital. The Houthis are considered close to Iran and have maintained a hardline stance against Israel and the US.

insurance. Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a January 19 expiry, was last trading higher by 1.39 per cent at ₹6,253 per bbl, having swung between ₹6160 and ₹6,289 per bbl during the session so far, against a previous close of ₹6,167 per barrel. -Oil pared some gains after weekly data from the US Energy Information Administration showed a surprise crude inventory build, larger than expected fuel stocks gains and record domestic oil production. -On Wednesday, Greece advised commercial vessels sailing in the Red Sea and the Gulf of Aden to avoid Yemeni waters.

But who are these Houthi rebels attacking ships in the Red Sea, what do they want? Let's take a deep dive into the crisis: Houthi rebels are backed by Iran. They seized Yemen's capital, Sanaa, in 2014, launching a grinding war. They are formally known as Ansar Allah, or the “partisans of God." As of now, the Yemeni rebel group controls the west of the country, including its Red Sea coast, the Guardian reported.