Palestine Financial News

Hamas. Israel's shekel sank to a nearly eight-year low, after the country's prime minister, Benjamin Netanyahu, vowed to «demolish Hamas» in retaliation for the rampage on Oct. 7 that killed 1,300 people in the worst attack on civilians in Israel's history. U.S.

Gold prices slid on Monday after hitting a near one-month high earlier, as escalating fears of the conflict between Israel and Palestinian militant group Hamas boosted safe-haven bullion more than 3% higher in the last session. FUNDAMENTALS * Spot gold fell 0.5% to $1,921.69 per ounce by 0102 GMT and U.S. gold futures dropped 0.4% to $1,934.40. * Gold, which is seen as a safe investment during uncertain times, hit its highest since Sept.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here Moody’s Investors Service postponed a planned review of Israel’s rating on Friday, saying it continued to evaluate the wider credit risk of recent hostilities. The resilience of Israeli debt issuers is at stake if a conflict stretches on, the ratings agency said in a separate note earlier last week.

CBS News, Joe Biden said the United States has been working to alleviate shortages of food, water, and gas to protect civilians. He also asserted that the extreme elements of Hamas don't represent all Palestinians. "But invading and "taking out the extremists" is a “necessary requirement".

Read all the latest updates on Israel-Hamas war at Mint's LIVE blog:United States Secretary of State Antony Blinken has reiterated that the US has Israel's back."The United States has Israel's back. We will stand with it today, tomorrow, and every day, and we're doing that in word and also in deed," Blinken said.US President Joe Biden said he is "confident" Israel will act under the rules of war in its conflict with Palestine.In an interview with "60 Minutes," Biden said that while he believes Hamas must be eliminated entirely, there must be a path for a Palestinian state.Florida Governor Ron DeSantis has said that the United States should not accept Palestinian refugees escaping from Gaza.

Gaza is expected to reopen amid diplomatic efforts to get aid into the Hamas-controlled strip that has been under intense Israeli bombing since the group's rampage that killed 1,300 people on Oct. 7. Shocked by the assault on towns and villages, Israel is carrying out the most intense bombardment Gaza has ever seen, has imposed a strict blockade, and is preparing a ground invasion. Hundreds of metric tons of aid from several countries have been held up in Egypt's Sinai Peninsula for days pending a deal for its safe delivery to Gaza and the evacuation of some foreign passport holders through the Rafah crossing. «Rafah will be reopened.

(Reuters) — Israel's military prepared for ground operations in Gaza to root out the Hamas militant group, whose deadly rampage through Israeli border towns last week stunned the nation.

head towards the southern part of the region, between 10 am and 1 pm local time. Once the deadline exhausted, the IDF warned that it would “implement a wide range of offensive operative plans" in the region to target the Hamas militants. - The ground invasion, which would reportedly involve 10,000 soldiers along with aerial and naval forces, will be set off following “a political decision", military spokesmen Lieutenant Richard Hecht and Daniel Hagari said in a press briefing.

Gaza Strip as «catastrophic» amidst Israeli bombardment and appealed for immediate supplies of food, water and medicines for children, pregnant women and elderly in their shelters. The UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) has issued an emergency appeal to support Palestinian refugees in Gaza, saying that hundreds of thousands of Palestine refugees are suffering the consequences of the heavy escalation in violence on the Gaza Strip. «Please save Gaza, I beg you, save Gaza.

By Nidal al-Mughrabi

Investing.com — Two factors will determine the direction of oil markets in the coming week. The first is how much the conflict in the Middle East could escalate and what it might mean for supplies in the world's top oil producing region. The second is what will the weekly update on US crude stockpiles look like on Wednesday.

From her home office in Columbia, Maryland, El-Haddad frantically juggled phone calls this week from journalists seeking her expertise on Gaza and Palestinian Americans trying to get the attention of their local elected officials. In between the calls, the 45-year-old mother and author checked WhatsApp, the global messaging application, for updates from her own family members in Gaza during their brief windows of electricity and internet access.

Xi Jinping hosted the Palestinian president in Beijing and invited the Israeli prime minister for an official state visit. Benjamin Netanyahu accepted, and China was on track for a bigger role in the region.

Gaza Strip have resorted to storing the bodies of Palestinians killed by Israeli air strikes in ice cream freezer trucks because moving them to hospitals is too risky and cemeteries are short of space. Israel has unleashed the fiercest bombardment on the Gaza Strip to hit back at the Palestinian militant group Hamas after it carried out the deadliest attack on Israel for decades. «The hospital morgue can only take 10 bodies, so we have brought in ice cream freezers from the ice cream factories in order to store the huge numbers of martyrs,» said Dr. Yasser Ali of the Shuhada Al-Aqsa hospital in Deir Al-Balah. The freezer trucks, whose sides still show advertising images of smiling children enjoying ice cream cones, are normally used to make deliveries to supermarkets.

Hamas launched its surprise attack on Israel, Col. Golan Vach arrived at the Be’eri kibbutz to evacuate residents.“What I saw here was not only murder,” he said Saturday as he returned to the heavily damaged community near the Gaza border a week later.“It was humiliation.”A collection of bungalows and farmland in the Negev Desert, Be’eri was the site of one of worst massacres of the Oct.

AP citing Juliette Touma, a spokesperson for the UN's Palestinian refugee agency UNRWA, about half a million Gaza residents have taken refuge in UN shelters across the territory and are running out of water. “Gaza is running dry," she said, adding that UN teams have also begun to ration water.

United Nations agency supporting Palestinian refugees said Sunday. «An estimated one million people have been displaced in the first seven days» of the war in Gaza, UNRWA Director of Communications Juliette Touma told AFP. «The number is likely to be higher as people continue to leave their homes.» Israel has been pounding Hamas targets in the Gaza Strip after the Islamist militants carried out a deadly attack on southern Israel on October 7 that killed more than 1,300 people. More than 2,300 people have also been killed in Gaza in Israeli air strikes targeting Hamas leaders, militants and their hideouts in the coastal enclave.

Gaza as thousands packed into the courtyard of the besieged territory's largest hospital as a refuge of last resort from a looming Israeli ground offensive and overwhelmed doctors struggled to care for patients they fear will die once generators run out of fuel. Palestinian civilians across Gaza, already battered by years of conflict, were struggling for survival Sunday in the face of an unprecedented Israeli operation against the territory following a Hamas militant attack on Oct 7 that killed 1,300 Israelis, most of them civilians.

Gaza ground invasion aimed at destroying Hamas, the Palestinian Islamist militant group that unleashed the bloodiest attack in the country's history. In the eight days since Hamas gunmen killed more than 1,300 Israelis in their surprise onslaught, Israel has responded with a devastating bombing campaign that has claimed over 2,300 lives in Gaza. Fear and chaos reigned in the 40-kilometre (25-mile) long strip that is one of the world's most densely populated areas and where the UN estimated that one million have been displaced in the war's first week. Entire Gaza city blocks lay in ruins and hospitals were overflowing with thousands of wounded in the besieged territory, but there were fears of worse to come. A bereaved and infuriated Israel has massed forces outside the long-blockaded enclave of 2.4 million in preparation for what the army has said would be a land, air and sea attack involving a «significant ground operation». Israel has also stationed troops and tanks on its UN-patrolled northern border with Lebanon and closed a four kilometre (2.5 mile) wide zone there to civilians after deadly exchanges of cross-border fire with Iran-backed militant group Hezbollah. Israeli Prime Minister Benjamin Netanyahu visited front line troops in the south near Gaza on Saturday, wearing a flak jacket. «Are you ready for what is coming?» he said.

It is worth noting that Saudi Arabia, Iran and Qatar not only extended their support to Palestine, but also criticised Israel over its treatment of Palestinians. Egypt is also extending its support to Palestine and is also providing humanitarian assistance to Gaza. The nation also condemned any displacement of Palestinians from North Gaza.

Israel-Hamas conflict, AIMIM president Asaduddin Owaisi has urged Prime Minister Narendra Modi to show solidarity with the Palestinian people saying the Palestine issue is not just of Muslims alone, it is a humanitarian issue and it is a matter of all those who want justice. Addressing a gathering here on Saturday night, the Hyderabad MP citing media reports said the «zaalim» Israeli government has bombarded Gaza with 6,000 bombs in the last six days and due to which over 1,500 Palestinian people including children and women were killed and several thousands are injured. He alleged that whatever is happening in Gaza is «ethnic cleansing» and wanted the Indian government and the country to condemn «the war crimes» Israel is doing.