Palestine Financial News

Hamas' invasion of southern Israel over the weekend rose to 1,200 on Wednesday morning, as the Israel Defence Forces (IDF) continued to pummel Palestinian terror assets in the Gaza Strip. Overnight Tuesday, the Israeli Air Force hit more than 200 targets in Gaza's Al Furqan neighborhood, which it called «a terror nest for Hamas,» from which «many activities against Israel are carried out.» It was Israel's third strike in the area in the past 24 hours, according to the military. The IDF «will continue to act powerfully against the infrastructures of the terrorist organization Hamas, which aim terror against Israel, and continues extensive waves of attacks in the Gaza Strip,» it added. Among the Hamas targets hit across the Strip were weapons storage facilities, command and control centers, naval assets and more, the military said. The operational headquarters used by the rocket force of the Palestinian Islamic Jihad terrorist organization was also hit. «We have released all restraints, regained control of the [border] area and are moving to full offense,» Israeli Defence Minister Yoav Gallant told troops during a visit to the south on Tuesday night. «You will have the ability to change reality here. You have seen the prices paid.

Israel and repatriate the country's citizens, as the industry faced a warning over insurance cover amid escalating violence in the wake of weekend attacks. Israeli flag carrier El Al said it would operate 12 extra flights on Wednesday and Thursday to and from Athens, Rome, Madrid, Bucharest, New York, Paris, Larnaca and Istanbul. Its low-cost unit Sun Dor also plans rescue flights from Istanbul. El Al had already announced an additional flight from New York and six flights to and from Larnaca. The latest move came as the combined death toll reported by both sides following the weekend attacks by Palestinian militant group Hamas and retaliatory strikes by Israeli forces reached more than 2,000 people. Most foreign airlines have suspended or curtailed services, leaving passengers uncertain how to leave or reach the country and consular services struggling to keep up with demand for assistance, with priority given to those with missing relatives. Israel's parliamentary finance committee said late on Tuesday it would debate authorising state guarantees for providing war risk insurance for Israeli airlines. The panel said insurance companies had indicated they were entitled to cancel cover with seven days' notice.

Investing legend Paul Tudor Jones has revealed that he’s bearish on stocks and bullish on gold and Bitcoin (BTC).

Investing.com — Saudi Arabia is truly “balancing” the oil market by preparing to ship full volumes required by its North Asian customers, notwithstanding its output cuts — an act that’s costing it in price-per-barrel.

What is the genesis of this crisis? It’s an incendiary mix of politics, religion and economics. Modern Palestine was populated with Jews from the global diaspora—a British imperial drive—in 1948. Around 750,000 Palestinians were expelled as Jews captured 78% of the land.

Ether (ETH) is back to trading flat in the $1,550 area after seeing a sharp reversal lower from earlier session highs in the $1,630s.

In a characteristic rant on CNBC’s Squawk on the Street show on Tuesday, famous financial pundit Jim Cramer proclaimed that he can’t be invested in Bitcoin (BTC) “Mr Bitcoin is about to go down big”.

Blue chip cryptocurrency prices are lower across the board on Wednesday in wake of the latest US Producer Price Index (PPI) inflation numbers, which came in hotter than expected.

Reuters. BA Flight 165 on its final descent into Tel Aviv’s Ben Gurion airport was diverted back to Heathrow airport after the pilot didn’t felt safe enough to land as there were sirens going off. “Safety is always our highest priority and we've taken the decision to return our Tel Aviv flight to Heathrow," the Reuters report quoted a spokesperson for British Airways as saying.

Mutahida Majlis-e -Ulema patron Mirwaiz Umar Farooq on Wednesday expressed great anguish and grief at the loss of lives during the ongoing escalation in the Palestine-Israel conflict lamenting that the international community and the United Nation have failed the people of Palestine. The Hurriyat leader stated that ‘people of Kashmir stand united in unwavering solidarity with the people of Palestine as they share a deep hope for the resolution of the conflict' and an end to the profound human sufferings it has caused.

Iran on Tuesday claimed that it played no role in the attack launched by Hamas last Saturday that took Israelis by surprise but there is no denying the fact that Tehran over the years has increased its support and appeal across the Arab world that is dominated by people who profess Sunni sect of Islam. The world's biggest non-Sunni country has become a key factor in the West Asian fault lines creating its proxy groups in Lebanon and Yemen and backing Hamas to take on Israel over the last few decades. It is no secret that Tehran has exploited sentiments and presence of the Shia population in some Gulf states. While the USA and Israel have not yet directly blamed Iran for the October 7 carnage, Tehran came out openly in support of Hamas for carrying out the attacks against Israel.

Ismail Haniyeh is a prominent Palestinian political figure who has played a pivotal role in the complex and tumultuous landscape of Palestinian politics. With a career marked by highs and lows, Haniyeh's journey reflects the enduring struggle for Palestinian self-determination and statehood. He is a millionaire, stemming from the 20% tax charged on all items entering through tunnels from Egypt to the Gaza Strip. He ordered the recent attack on Israel over the weekend, which resulted in over 1,500 deaths on both sides. Haniyeh is currently leading a lavish lifestyle in Qatar and reportedly watched the aggressions from the comfort of his office.

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Israel «to remain calm, vigilant,» the Indian Embassy here on Wednesday reassured them that it is «monitoring the situation closely» and «working constantly to help our fellow citizens in Israel.» In a recorded message on the X, the social media platform, India's Ambassador to Israel, Sanjeev Singla, said: «This is to assure you that the embassy is working constantly for your safety and welfare. All of us are going through very difficult times but please do remain calm and vigilant and follow the local security guidelines.» «We are here to help you, and we thank many of you who have sent so many messages of appreciation to us.

By Iain Withers

By Robert Harvey

Volodymyr Zelenskiy on Wednesday asked NATO allies for more weapons and air defences to tide his country through another wartime winter as it braces for a barrage of Russian attacks on power stations and other infrastructure. Zelenskiy made his first visit to NATO headquarters since Russia's invasion last year, at a time when turbulence in the U.S.

Pannun has warned India's Prime Minister Narendra Modi to learn from the Israel-Palestine war lest a similar "reaction" unravels in India. In his video message for India, Pannun, a designated terrorist under the Unlawful Activities Prevention Act (UAPA), warned India of an attack like Hamas. Gaza strip's Hamas fighters on Saturday launched a multi-pronged surprise attack on Israel, breaking their high-tech defense technology.

The Times of Israel cited the Foreign Ministry which said that 84 countries expressed support for Israel. Countries like France, Germany, Italy, United Kingdom, and the United States also issued a joint statement expressing their joint support and condemned Hamas and its appalling acts of terrorism.

Delhi Police's Special Cell is currently investigating a case of cryptocurrency theft. As per a TOI report by Raj Shekhar, approximately Rs 4 crore was stolen from a west Delhi businessman's wallet. The police were able to trace some recipient wallet IDs but faced difficulties in tracking down the end users.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Europe also witnessed a fourth consecutive monthly outflow in gold ETFs. Regional gold ETFs suffered a loss of over $1 billion, or 28 tonnes during September – a month in which the European Central Bank delivered its tenth consecutive rate hike and reiterated that rates will stay “at sufficiently restrictive levels for as long as necessary." Gold prices declined 3.7% in September dragged by a sharp uptick in bond yields alongside a stronger dollar.