RealNews

Economy in Gaza edges toward crisis

In the month since Hamas took over Gaza, routing Fatah forces there, the economy of the territory is slipping again toward crisis. With the main commercial crossing into Israel closed since June 12, only essential items of food and medicine are entering Gaza, and what is left of the commercial sector is shutting down. On Monday, the UN agency responsible for caring for the nearly 70 percent of Gazans who are refugees or their descendants announced that it had halted all its building projects in the territory because it had run out of basic construction supplies, like cement. Full Story

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