News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
20
o
Bekaa
20
o
Keserwan
21
o
Metn
21
o
Mount Lebanon
17
o
North
21
o
South
20
o
Live
Video
Audio
Schedule
shows
العربية
watching now
2:30pm news
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
20
o
Bekaa
20
o
Keserwan
21
o
Metn
21
o
Mount Lebanon
17
o
North
21
o
South
20
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
UN report: Gaza economy shrinks to less than a sixth of its pre-war size
Israel-Gaza War Updates
12-09-2024 | 09:43
High views
Share
Share
3
min
UN report: Gaza economy shrinks to less than a sixth of its pre-war size
Gaza's economy has shrunk to less than a sixth of its size when the Israel-Hamas war began nearly a year ago, while unemployment in the occupied West Bank has nearly tripled, a UN report said on Thursday, underscoring the challenges of reconstruction.
The report by the United Nations Conference on Trade and Development (UNCTAD) described Gaza's economy as "in ruins" more than 11 months after Israel launched a military campaign there that has reduced much of the Strip to rubble in response to the deadly Oct. 7 attacks on southern Israel by Hamas militants.
The UN trade body said the Palestinian Authority (PA), which exercises limited self-rule under Israeli occupation in the West Bank, is under "immense pressure" that is jeopardizing its ability to function.
In addition to the economic slowdown caused by the conflict, falling international aid and revenue deductions and withholdings by Israel - which UNCTAD estimated at more than $1.4 billion since 2019 - are adding to the strain, it said.
Israel's Finance Minister Bezalel Smotrich, who ordered the funds to be withheld, accuses the PA of supporting the Oct. 7 attack on Israel. The PA denies promoting violence. Israel also routinely deducts so-called "martyr payments" paid by the PA to families of militants and civilians killed by Israeli forces.
UNCTAD called for "immediate and substantial intervention by the international community to halt the economic free-fall, address the humanitarian crisis, and lay the groundwork for lasting peace and development". It also said there was a need for a comprehensive recovery plan.
The document described "a rapid and alarming economic decline" in the occupied West Bank, which has suffered a surge in violence since the Gaza war.
A total of more than 300,000 jobs have been lost in the West Bank since the war began, UNCTAD said, driving up the unemployment rate there from 12.9% to 32%.
Reuters
Israel Gaza War Updates
Middle East News
Israel-Gaza War Updates
UN
Report
Gaza
Economy
War
Israel
Next
Gaza rescuers say 15 killed in Israeli strike in Jabalia
Recommended For You
d-none hideMe
0
Israel-Gaza War Updates
05:59
Israeli army kills teenage Palestinian stone-thrower
Israel-Gaza War Updates
05:59
Israeli army kills teenage Palestinian stone-thrower
0
Israel-Gaza War Updates
05:08
Gaza rescuers say at least 30 killed by Israel fire since dawn
Israel-Gaza War Updates
05:08
Gaza rescuers say at least 30 killed by Israel fire since dawn
0
Israel-Gaza War Updates
08:44
Palestinian Authority calls on Hungary to arrest Netanyahu
Israel-Gaza War Updates
08:44
Palestinian Authority calls on Hungary to arrest Netanyahu
0
Israel-Gaza War Updates
2025-04-03
Health ministry in Gaza says 1,163 killed since Israel resumed strikes
Israel-Gaza War Updates
2025-04-03
Health ministry in Gaza says 1,163 killed since Israel resumed strikes
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
News Bulletin Reports
2025-03-31
Israeli security agencies propose three options for response if Lebanon is used to launch new missile attacks
News Bulletin Reports
2025-03-31
Israeli security agencies propose three options for response if Lebanon is used to launch new missile attacks
0
Middle East News
2025-02-26
Israel's warplanes strike south of Damascus
Middle East News
2025-02-26
Israel's warplanes strike south of Damascus
0
Lebanon News
2025-02-26
MP Nabil Badr: We could have supported the government if a different formation mechanism had been adopted
Lebanon News
2025-02-26
MP Nabil Badr: We could have supported the government if a different formation mechanism had been adopted
0
Lebanon News
2025-01-29
US Congress members send letter urging Lebanon's leaders to enact reforms and counter Hezbollah’s influence
Lebanon News
2025-01-29
US Congress members send letter urging Lebanon's leaders to enact reforms and counter Hezbollah’s influence
Videos
d-none hideMe
0
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
0
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
0
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
0
Lebanon News
2025-02-23
Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)
Lebanon News
2025-02-23
Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)
0
Lebanon News
2025-02-23
Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)
Lebanon News
2025-02-23
Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)
0
Lebanon News
2025-02-14
Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events
Lebanon News
2025-02-14
Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events
0
Lebanon News
2025-02-13
Saad Hariri holds series of diplomatic and religious meetings in Beirut
Lebanon News
2025-02-13
Saad Hariri holds series of diplomatic and religious meetings in Beirut
0
Lebanon News
2025-02-13
LBCI monitors removal of barriers and barbed wire in Downtown Beirut
Lebanon News
2025-02-13
LBCI monitors removal of barriers and barbed wire in Downtown Beirut
0
Lebanon News
2025-02-10
Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)
Lebanon News
2025-02-10
Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
13:08
Lebanon hit with new US tariffs: Will it affect trade?
News Bulletin Reports
13:08
Lebanon hit with new US tariffs: Will it affect trade?
2
News Bulletin Reports
13:20
Key questions loom ahead of US envoy Morgan Ortagus' Beirut visit: Will Hezbollah's disarmament be discussed?
News Bulletin Reports
13:20
Key questions loom ahead of US envoy Morgan Ortagus' Beirut visit: Will Hezbollah's disarmament be discussed?
3
Lebanon News
10:31
Israel targets alleged Hezbollah member in southern Lebanon, army spokesperson claims
Lebanon News
10:31
Israel targets alleged Hezbollah member in southern Lebanon, army spokesperson claims
4
Lebanon News
12:22
Hezbollah urges regional unity against ongoing conflicts in the Middle East — statement
Lebanon News
12:22
Hezbollah urges regional unity against ongoing conflicts in the Middle East — statement
5
Lebanon News
13:18
French ruling lifts asset freezes on former central bank governor Riad Salameh
Lebanon News
13:18
French ruling lifts asset freezes on former central bank governor Riad Salameh
6
Lebanon News
11:22
Lebanon issues decrees on new security appointments — the details
Lebanon News
11:22
Lebanon issues decrees on new security appointments — the details
7
Lebanon News
10:13
Lebanon declares public holidays for Good Friday and Easter Monday
Lebanon News
10:13
Lebanon declares public holidays for Good Friday and Easter Monday
8
Middle East News
13:59
Israeli strikes target two military sites near Damascus: Monitor
Middle East News
13:59
Israeli strikes target two military sites near Damascus: Monitor
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More