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Category: Economic

Fitch: Broader Gaza Conflict Fallout Adds to Regional Finance Headwinds

Fitch: Broader Gaza Conflict Fallout Adds to Regional Finance Headwinds

Fitch Ratings-Hong Kong/London-26 January 2024: Prolonged war in Gaza and the related spread of conflict to nearby areas is adding to the risks facing neighbouring sovereigns, says Fitch Ratings. The intervention by Yemen’s Houthi forces

El Al suspending S. Africa route in wake of ICJ ruling

El Al suspending S. Africa route in wake of ICJ ruling

El Al Israel Airlines said on Friday it was suspending its route to Johannesburg at the end of March, citing a steep drop in demand after South Africa accused Israel of genocide at the World

US suspends UNRWA aid

US suspends UNRWA aid

UNRWA probes employees over suspected involvement in October 7 attack The US has paused funding to the UN agency after Israel said some of its staff were allegedly involved in the attacks. Palestinian employees of

UK imposes sanctions targeting Hamas financing

UK imposes sanctions targeting Hamas financing

Britain on Monday sanctioned individuals linked to Hamas, including financiers and leaders of the Palestinian militant group, saying the measures would help cut off its funding including from Iran. The move was taken in coordination

Thousands of Indians turn up for jobs in Israel

Thousands of Indians turn up for jobs in Israel

Undeterred by Gaza war, thousands of Indians turn up for jobs in Israel Israel suspended work permits for thousands of Palestinians after October 7. Indians are queuing up to replace them, amid persistent joblessness at

‘Israel’s Victory’ conference to discuss settlement-building in Gaza

‘Israel’s Victory’ conference to discuss settlement-building in Gaza

Hardline Israeli ministers – led by Benjamin Netanyahu’s Likud party – will hold a conference on Sunday in West Jerusalem to discuss the possibility of building settlements in Gaza after the war. According to the

Israel delaying aid into Gaza as ‘pressure’ tactic: Egypt president

Israel delaying aid into Gaza as ‘pressure’ tactic: Egypt president

  Egypt’s President Abdel Fattah el-Sisi says the Rafah crossing between Egypt and Gaza is open 24/7 but Israeli procedures hamper the entrance of aid. “This is part of how they exert pressure on the

Risk of ‘pockets of famine’ in Gaza, World Food Programme says

Risk of ‘pockets of famine’ in Gaza, World Food Programme says

The World Food Programme said on Tuesday that very little food assistance has made it beyond southern Gaza since the start of the conflict and that the risk of pockets of famine in the Palestinian

Protesters block access to Israeli cargo ship in Melbourne

Protesters block access to Israeli cargo ship in Melbourne

Pro-Palestinian protesters in Australia have prevented workers from entering docks to offload cargo from a ship operated by Israeli company, ZIM, docked at the Port of Melbourne. Police used pepper spray and officers mounted on

What is the humanitarian situation in war-ravaged Gaza?

What is the humanitarian situation in war-ravaged Gaza?

The Israeli offensive in the Gaza Strip, launched in the wake of a deadly rampage by Hamas militants in southern Israel on Oct. 7, has displaced most of the enclave's 2.3 million people and caused