Don’t miss the latest developments in business and finance.

Abbas to seek USD 4 billion for Gaza reconstruction

Image
AP Gaza City
Last Updated : Oct 03 2014 | 4:25 PM IST
Palestinian President Mahmoud Abbas will ask for USD 4 billion for reconstruction in Gaza following the recent 50-day war between Israel and Gaza's Hamas rulers.
Donor countries are deciding on aid to Gaza on October 12.
Palestinian officials say more than 60,000 homes and more than 5,000 businesses and factories were destroyed or damaged. The damage assessment and aid request are part of a reconstruction plan the Abbas government has released.
Meanwhile, Israel's army chief says it's in Israel's interest to enable the reconstruction of Gaza by easing border restrictions it imposed after the Hamas takeover of the territory in 2007.
Lt Gen Benny Gantz told the Haaretz daily today that Israel should "permit the opening of the strip to goods" and that "these people (Gazans) need to live.

Also Read

First Published: Oct 03 2014 | 4:25 PM IST

Next Story