Gaza war cost $300 million: report

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Palestinian children walk on the rubble of a building destroyed by Israeli war planes adjacent to their United Nations run school, in Gaza City, on 24 November 2012, three days after a truce was declared between Israel and Hamas. (Photo: AFP - Mohammed Abed)

Published Sunday, November 25, 2012

Israel’s week-long assault on the Gaza Strip cost the Palestinians $300 million in economic damages, according to a report released Saturday by the Palestinian Chamber of Commerce.

The agricultural sector suffered $120 million in damages, another $40 million were lost by a halt in economic activity over the eight-days of Israel’s relentless bombardment, and it will cost another $140 million to rebuild houses and other infrastructure Israel destroyed.

The report also called for Gaza to be declared economically disastrous, and demanded that Israel lift restrictions on the Gaza Strip in accordance with the Egyptian-brokered ceasefire that ended the war on Wednesday.

Israel has reportedly begun allowing Palestinian fisherman to travel six miles into the sea as part of the agreement, up from three.

"The Israeli army naval boat which used to fire and torch Palestinian boats that sailed beyond a three-mile distance watched without doing anything to prevent them," Murad al-Issi, a member of a local fishermen group, told Reuters on Saturday.

Palestinian and Israeli officials will meet in Cairo next Monday to discuss the ceasefire agreement.

Israel’s assault on Gaza from November 14-21 left 164 Palestinians dead, and injured over 1,000.



The $300 million in damage to Gaza just about matches the amount of money pledged by the Emir of Qatar a few weeks before the attack on Gaza. Coincidence?

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