Economy

Despite the stifling blockade on the Gaza Strip, a man from Gaza managed to manufacture a single-seat sand race car in his small shop using rudimentary tools and secondhand spare parts.

Zionist regime’s opposition leader Benjamin Netanyahu and his family are vacationing on a Hawaiian island owned almost wholly by Jewish-American billionaire Larry Ellison, a prosecution witness in the ex-premier’s criminal cases.

The Government of Japan signed a contribution agreement worth 400,000,000 Japanese Yen (approximately $3.7 million) with the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) in the presence the Minister of Foreign Affairs of Japan, Toshimitsu Motegi, and the Minister of Foreign Affairs of the Palestinian Authority, Riyad Malki, and UNRWA Director of Partnerships Karim Amer.

Palestinian Authority’s Prime Minister Mohammad Shtayyeh on Tuesday described Israel's deduction of Palestinian tax revenues as "illegal", Anadolu Agency reported.

A study published by the International Committee of the Red Cross (ICRC) has revealed that about 80 per cent of the population in the Gaza Strip live in "complete darkness" amid a severe power shortage.

Zionist regime on Sunday prevented the entry of fuel trucks allocated for Gaza's sole power plant via the Kerem Shalom crossing, the territory's main commercial trade route.

Hady Amr calls on Israel to take steps to improve economic, political situation of Palestinian Authority.

Hamas Movement has warned on Wednesday that failure to solve the humanitarian crises of the Gaza Strip will generate a new crisis for the Israeli occupation, stressing that the Palestinians will win their rights and break the siege at any cost.

PCBS: Unemployment rate among individuals aged 20-29 years with an intermediate diploma or bachelor's degree (BA) reached 54% in 2020.

Naji Sarhan, the Undersecretary of the Palestinian Ministry of Public Works and Housing, said on Monday that the total losses and damages in the Gaza Strip as a result of the latest Zionist regime’s aggression amounted to $479 million.

The Zionist regime is set to withhold $180 million in tax revenue it collected last year on behalf of the Ramallah-based Palestinian Authority (PA), the regime’s new cabinet said on Sunday.

The number of homeless people in the territories occupied by the Zionist regime rose by 27 percent in 2020 as the coronavirus caused a rise in joblessness and economic distress, data from Israel's Labor, Social Affairs and Social Services Ministry reveal.

Qatar Charity (QC) has hired more than 50,000 Palestinian graduates and creatives remote jobs through its 'Taqat' initiative.

Palestine Authority Finance Minister Shukri Bishara and Health Minister Mai Alkaila signed the papers for the grant with the head of the Palestine office of the Japan International Cooperation Agency (JICA), Toshya Abe.

"Living conditions" in Gaza are "clearly deteriorating" due to the ongoing Israeli siege which is entering its 15 year, Anadolu reported Acting Director of UN Refugee and Works Agency (UNRWA) in Gaza, Sam Rose, saying yesterday.

Gaza's Pepsi bottling company was forced to halt operations this week due to Israeli import restrictions that were tightened during an 11-day conflict between the Zionist regime and Palestinian militants last month, the company's owners say.

A Palestinian general strike, supported by the Palestinian trade unions, was observed across the Occupied Territory of Palestine. Palestinian workers organisations called out to trade unions around the world to refuse to handle Israeli goods. Workers in Genoa, Italy, Durban in South Africa and Oakland in the U.S. answered the call.

Malaysia has pledged to contribute more than $1 million to Palestine as part of a humanitarian effort to rebuild Gaza which suffered devastating destruction following the Israeli aggression in May 2021.

Chilean lawmakers say bill seeks to prevent products, services from Zionist settlers in occupied lands from reaching Chile.

Muhammad Abu Jayyab, a Gaza-based economist, estimated that economic losses from the 11-day bombing campaign amounted to $350 million.

The Karm Abu Salem (Kerem Shalom) crossing, which is the economic lifeline of Gaza, has now been closed for 33 days, reducing the work of the main power plant, and aggravating the fuel crisis in the enclave.

The Chairman of the Board of Directors of the Palestine Development and Investment Company (PADICO), Bashar Masri, and the accompanying delegation checked on the factories that were completely or partially destroyed, and the solar energy project which was launched just three months ago.

The public debt amassed by the Palestinian Authority (PA) has jumped by 26 per cent to $3.7 billion due to a combination of factors including the economic slowdown and Israel's brutal military occupation.

The United Nations launched an emergency appeal Thursday for $95 million for Gaza for the next three months to meet immediate humanitarian needs and repairs to key facilities, Associated Press reported.

The Zionist regime’s Manufacturers’ Association report says Israeli businesses lost 1.2 billion shekels ($368 million) during 12 days of fighting between Israel and the Palestinian resistance groups based in Gaza.

Exports in Palestine increased in March 2021 by 15 percent compared to February 2021, and by by 73 percent compared to March 2020, today said the Palestinian Central Bureau of Statistics (PCBS).

Popular Committee to End Gaza's Siege urges international community to provide help for unemployed Gaza workers

The World Bank's Board of Directors endorsed a new four-year assistance strategy for the Palestinian territories.

The Construction Cost Index (CCI) for residential buildings in the West Bank reached 109.29 points in March marking an increase of 0.66 percent compared with February 2021, the Palestinian Central Bureau of Statistics (PCBS) said.

According to an official reported issued on Tuesday by the Israeli Ministry of Finance, Israel's debt has jumped to NIS 984 ($302 billion).

US Congressional Republicans delayed $75 million in aid from being sent to Palestinians, reported the Jerusalem Post.

Israel warned the Biden administration that its decision Wednesday to restore funding to the United Nations Relief and Works Agency for Palestinian Refugees (UNRWA) would only help perpetuate the conflict.

The Palestinian Authority approved during the weekly cabinet meeting held on Monday via the video conference the general budget for the year 2021, stating that a budget deficit is projected to reach a record of one billion dollars.

The overall Producer Price Index (PPI) for Palestine increased by 1.34 percent during last February compared with January, as it reached 94.71 points in comparison with its base year 2019, said the Palestinian Central Bureau of Statistics (PCBS).

The World Bank approved a grant of $20 million to increase access to high-speed broadband services in selected Palestinian areas and enable the development of various e-government services in an effort to help the economy recover from the pandemic-induced shocks.

The overall Consumer Price Index (CPI) for Palestine during February 2021 increased by 0.33 percent compared with January 2021, the Palestinian Central Bureau of Statistics (PCBS) said.