The Gaza Strip economy has witnessed a slight improvement in 2011, a report conducted by Gaza Chamber of Commerce said Saturday. The situation in Gaza has been remarkably improved due to the international pressure on Israel to relax the five year blockade on the enclave since Israeli troops killed eight Turkish nationals and one U.S. national of Turkish descent onboard an aid ship that was attempting to reach Gaza in May last year, the report said. "Such pressure has helped alleviate the blockade," said the report. According to the report, the number of trucks loaded with goods coming into Gaza through Kerem Shalom crossing between Israel and the Hamas-ruled coastal enclave has increased from 100 to 250 each day. It added that the unemployment rate in Gaza has dropped from 37 percent in 2010 to 28 percent in 2011, thanks to the reconstruction process in Gaza. The report also showed that Israel still imposed restrictions on foreign currencies into Gaza, which caused a severe cash crisis. Israel placed Gaza under a tight blockade after Islamic Hamas movement, which Israel considers a terror group, violently seized the enclave from its rival Fatah party in 2007.
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property market
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor