Open

Coming up

Don't miss

Replay


LATEST SHOWS

FOCUS

Ireland's missing babies casting light on a dark history...

Read more

WEB NEWS

World Cup 2014: Germany-Brazil inspires the Web

Read more

THE INTERVIEW

Boutros-Ghali: 'I wanted to reform the UN'

Read more

IN THE PAPERS

57 000 little problems

Read more

IN THE PAPERS

The Sarkozy 'threat'

Read more

BUSINESS DAILY

Budget challenge for India's new government

Read more

DEBATE

Africa's Newest Failed State: How to Stop Civil War and Famine in South Sudan? (part 2)

Read more

DEBATE

Africa's Newest Failed State: How to Stop Civil War and Famine in South Sudan?

Read more

MEDIAWATCH

Israeli strikes on Gaza as seen on social media

Read more

  • French companies will have to accept anonymous CVs

    Read more

  • Germany asks US intelligence station chief to leave country

    Read more

  • Death toll rises in Gaza as militants target Israeli cities

    Read more

  • Senegalese man awarded French visa in gay marriage debate

    Read more

  • Tour de France passes WWI Chemin des Dames battlefield

    Read more

  • Video: Muslims in China confront obstacles to Ramadan fasting

    Read more

  • Israel steps up airstrikes as diplomacy gets under way

    Read more

  • Argentina beat Netherlands on penalties to reach World Cup final

    Read more

  • Foiled French jihadist ‘targeted Louvre and Eiffel Tower’

    Read more

  • Obama in Texas to urge congressional action on child migrant crisis

    Read more

  • Iraq’s heritage 'in danger' from ISIS militants

    Read more

  • Froome crashes out of Tour de France

    Read more

  • South Sudan independence heroes ‘have lost their way’

    Read more

  • 100 years on, the Tour de France returns to the Western Front

    Read more

  • Dozens of blindfolded bodies found south of Baghdad

    Read more

Middle east

Israel allows $25 million into Gaza

©

Latest update : 2008-12-10

Israel has cleared a $25 million transfer to Gaza amid fears that the cash shortage there could lead to the collapse of local banks. The money will be used to pay civil servants, but Gazan officials said it would not be enough.

AFP - Israel authorised on Wednesday the transfer of 25 million dollars into Gaza to pay wages of civil servants amid warnings that the liquidity crisis could bring down the besieged territory's banks.
  
But the sum fell short of the 250 million shekels (63 million dollars, 49 million euros) that Palestinian prime minister Salam Fayyad said were necessary to pay Palestinian Authority employees.
  
Israeli Defence Minister Ehud Barak authorised the transfer of 100 million shekels (25 million dollars) from banks in the occupied West Bank to the Hamas-ruled Gaza Strip, his office said.
  
The transfer was to come following a "personal request" by Fayyad and Stanley Fischer, the head of Israel's central bank, "in view of the severe cash crisis in Gaza."
  
A Palestinian treasury official told AFP on condition of anonymity that the transfer has not yet been made but that it should take place on Thursday.
  
Palestinian economy minister Kamal Hassuneh said the amount was insufficient to pay the salaries of government employees.
  
"We need 70 to 75 million dollars for salaries. And we need to transfer this amount every month, not just one time," he told AFP.
  
Last week the World Bank warned that the crisis could cause the collapse of the banking system in Gaza, where Israel tightened an already crippling blockade following renewed violence at the start of November.
  
The Palestinian Authority headed by president Mahmud Abbas was ousted from Gaza when the Islamist Hamas seized power in June 2007, but it continues to pay the salaries of some 70,000 civil servants in the impoverished territory.
  
Separately on Wednesday, interim Israeli Prime Minister Ehud Olmert met Barak and Foreign Minister Tzipi Livni to discuss the situation in Gaza amid growing calls for tough action to combat Palestinian rocket and mortar attacks.
  
Israel and Hamas agreed in June to an Egyptian-brokered ceasefire, but the truce nearly collapsed on November 4 when Israeli troops advanced into Gaza to destroy a tunnel and militants responded with a barrage of rockets.
  
The ministers were briefed by top military and intelligence officials and discussed what actions Israel should take "in view of Hamas's repeated violations of the understandings reached with Egypt on the calm," Olmert's office said.
  
Palestinian militants in Gaza fired one rocket at southern Israel on Wednesday, causing no damage or injuries, an army spokesman said.

Date created : 2008-12-10

Comments

COMMENT(S)