Economy

A Hamas official said that Qatar will start sending Gaza up to $10 million worth of Egyptian fuel a month under a plan to fund civil service pay in the impoverished Palestinian enclave ruled by the Islamist group, Reuters reports.

The Palestinian Authority (PA) denied Zionist regime’s claims that it would cut the salaries of the families of Palestinians killed by Zionist regime and those detained in Zionist regime’s jails, Quds Press reported.

Israeli Minister of Energy, Karen Al-Harrar, has called for cancelling a deal with the United Arab Emirates (UAE) to transport Emirati crude oil via Israel to Europe, citing environmental risks, according to local media on Tuesday.

Palestinian Ambassador Ahmed Rabei on Sunday expressed his country’s resolve to enhance existing bilateral ties with Pakistan in multi-sectors and take them to the optimum level for the benefit of the people of both countries.

The economic and fiscal situation in the occupied Palestinian territories remains “dire,” said a report by the Office of the United Nations Special Coordinator for the Middle East Peace Process (UNSCO) Tor Wennesland.

Gaza is still suffering "from a particularly difficult economic situation with very high unemployment and deteriorating social conditions", the World Bank warned in a report this week.

Cuts to the UN Relief and Works Agency for Palestine Refugees (UNRWA) budget, including halving the UK's annual grant, has left the agency close to collapse, the Commissioner-General Philippe Lazzarini .

Rights activists say PayPal is discriminating against Palestinians in the West Bank and Gaza Strip by blocking them from using the digital payment platform.

The World Bank’s Board has recommended the allocation of $80 million to support the economic welfare and durable opportunities for the Palestinian people.

The Palestinian Authority is suffering from a financial crisis which is close to a "breaking point", the UN Special Coordinator for the Middle East Peace Process has warned.

The European Union has disbursed €92 million ($33.47 million) to the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), following a delay of donations since the start of the year.

Egypt will reportedly allow increased trade and travel through the Rafah crossing with Gaza starting on Sunday.