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Economy

Israel Drops in Soft Power Index as Global Reputation Deteriorates

February 20, 2025

The findings of the index point to a major deterioration in the reputation of nations engaged in military conflicts, with Israel affected the most. Israel has experienced its steepest drop in global soft power rankings, […]

Gaza War Fuels Israeli Military Spending, Raising Debt to 69% of GDP

January 21, 2025

By Palestine Chronicle Staff   Israeli government spending on the war in 2024 has raised the national debt to 69% of GDP, with the overall debt reaching 1.33 trillion shekels. Israeli Ministry of Finance announced […]

‘Heavy Burden’ – Israel’s Costs of Gaza War Exceed $67 Billion 

January 12, 2025

By Palestine Chronicle Staff   Israel’s war on Gaza has imposed a staggering economic toll, with costs estimated at 250 billion shekels ($67.57 billion) by the end of 2024, sparking intense debates over defense spending […]

‘No Complicity’ – Ireland’s Central Bank Urged to Cease Sale of Israel’s War Bonds

November 16, 2024

By Palestine Chronicle Staff   Ireland should “not be facilitator or accomplice” in the flow of money and arms, said independent senator Alice Mary Higgins, who attended the protest. Scores of protesters gathered outside the […]

‘Unprecedented’ – UNDP Says War has Reversed Development in Gaza by 70 Years

October 22, 2024

By Palestine Chronicle Staff   “In the State of Palestine poverty is projected to rise to 74.3% in 2024, up from 38.8% at the end of 2023, affecting 4.1 million people, including 2.61 million people […]

‘Magic Expired’ – $7 Billion Transferred abroad as Emigration Levels Triple in Israel

October 13, 2024

By Palestine Chronicle Staff   Nearly one million Israelis have reportedly obtained foreign passports in recent years as an insurance policy in the event of a comprehensive war. There has been a significant increase in […]

‘Geopolitical Concerns’ – Bank of England Warns Global Economy Vulnerable to ‘1970s-Style Energy Shock’

October 3, 2024

“It’s tragic what’s going on. There are obviously stresses, and the real issue then is how they might interact with some still quite stretched markets in places.” The Bank of England is monitoring the escalating […]

‘Geopolitical Risks’ – Israel’s Credit Rating Downgraded amid Escalating Conflict 

October 2, 2024

By Palestine Chronicle Staff   “We could lower the ratings on Israel in the next 24 months if the military conflicts become a bigger-than-anticipated detriment to Israel’s economic growth, fiscal position, and balance of payments.” […]

Nearly Half of Israeli High-Tech Companies Lost Funding since October 7 – Report

September 14, 2024

The report indicated that the situation is particularly challenging in the north of the country, where 69 per cent of high-tech companies are stationed. Forty-nine percent of Israeli high-tech companies have reported losing investments since […]

‘Regional Tensions’ – Fitch Downgrades Israel’s Credit Rating

August 13, 2024

By Palestine Chronicle Staff   “The conflict in Gaza could last well into 2025 and there are risks of it broadening to other fronts.” Credit ratings agency Fitch downgraded Israel’s credit rating to “A” from […]

Demographic Shift – Israel No Longer Top Destination for Millionaires amid Mass Exodus

June 18, 2024

The report from Henley & Partners evaluates the attractiveness of various governments to wealthy individuals looking to move their business away from their home country.” For the first time in several decades, Israel is no […]

More Bad News from Israel: What is Happening to the Shekel?

October 23, 2023

By Palestine Chronicle Staff   As expected, the Israeli shekel fell at the beginning of weekly trading on Monday, against the US dollar to reach 4.06 shekels to the dollar, the lowest level since December […]

Due to Gaza War: JPMorgan Boss Warns of ‘Most Dangerous Time’ in Decades

October 14, 2023

The escalation of the Israel-Palestine conflict could exacerbate challenges already facing the world economy, Jamie Dimon has said. The continuing conflict between Russia and Ukraine coupled with the escalation in Gaza could have far-reaching consequences […]

What Is Happening to the Shekel? More Bad News for Israeli Economy

October 9, 2023

The Israeli currency, the shekel has dropped significantly against the dollar, Reuters news agency reported. This is the worse such drop in the value of the shekel in years, as it is now at almost […]

The Astonishing Numbers of Palestinian Economic Losses due to Israeli Occupation

July 4, 2023

“The United Nations and the World Bank estimate the losses of the Palestinian economy at about $50 billion since 2000, due to Israeli measures.” The direct losses of the Palestinian economy as a result of […]

Biden’s Real Challenge is Not Russia or China, but Poverty in America

February 19, 2022

By Ramzy Baroud   Mainstream US media continues to celebrate the supposed strength of the US economy. Almost daily, headlines speak of hopeful numbers, sustainable growth, positive trends and constant gains. The reality on the […]

The American Trap: My Battle to Expose America’s Secret Economic War Against the Rest of the World – Book Review

January 17, 2022

By Jim Miles The American Trap: My Battle to Expose America’s Secret Economic War Against the Rest of the World.  Frédéric Pierucci (with Mathieu Aron).  Hodder & Stoughton, London, 2020. It becomes more clear with […]

UN Report: Economic Situation in Palestine is ‘Dire’

November 12, 2021

The financial situation in the Palestinian territories is “dire”, a new UN report says citing economic stagnation and persistently high unemployment. The report released on Thursday by the United Nations Special Coordinator for the Middle […]

Canada’s Election: Shades of Green

October 10, 2021

By Jim Miles Election Non-Event Canada’s recent election proved mostly that Canadians are more or less set within their provincial agendas. The ruling Liberals gained three seats, the Conservatives stayed the same, the Bloc Québecois […]

Goliath: The 100-year War between Monopoly Power and Democracy – Book Review

July 6, 2021

By Jim Miles (Goliath: The 100-year War Between Monopoly Power and Democracy.  Matt Stoler.  Simon & Schuster, New York, 2019.)   Economic history is not a truly scintillating read. However, to understand how our society is […]

Gaza: 20 Factories Destroyed, 5,000 Jobs Lost Due to Israeli Offensive

June 19, 2021

Head of the General Federation of Trade Unions Sami Al-Amasi has confirmed that 20 factories were destroyed during the last offensive in Gaza, and 5,000 workers had lost their jobs. In a statement, Al-Amasi disclosed […]

UN: Palestine Facing Worst Financial Crisis Yet

April 26, 2019

A United Nations (UN) report published Thursday warns that the Palestinian Authority (PA) is facing “unprecedented” financial challenges due to loss of revenue and extreme austerity measures. The report, issued by the Special Coordinator for the […]

Israeli Minister Halts Vegetable, Fruit Imports from Palestine

December 19, 2018

Israeli Minister of Agriculture Uri Ariel has ordered a stop in the import of fruits and vegetables from the occupied Palestinian territories, local media reported yesterday. Tue 18 Dec pmMinister of Agriculture, Uri Ariel, bans […]

The Moment Long Feared: Gaza’s Economy Goes into Freefall

October 2, 2018

The moment long feared is fast approaching in Gaza, according to a new report by the World Bank. After a decade-long Israeli blockade and a series of large-scale military assaults, the economy of the tiny […]

Palestine and Venezuela Establish Bi-National Development Bank

May 8, 2018

Venezuela and Palestinian leaders agreed to start a bi-national bank between the two countries to be kickstarted with 20 million Venezuelan Petros. #Venezuela | President @NicolasMaduro has signed new cooperation agreements with #Palestine, establishing the […]

International Stakeholders Pledge 80% of Gaza Desalination Project Costs

March 21, 2018

International stakeholders at Pledging Conference for the Desalination Facility Project in the Gaza Strip, which convened at the European Parliament headquarters in Brussels on Tuesday, pledged a total of €456 million out of the €562.3 […]

‘Why I Self-Deported’

Momodou Taal is the perfect blend between intellect, ethics, and direct action. In this episode, he explains why he self-deported from the US.

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  • LIVE BLOG: Fordow Undestroyed as Iran Prepares Retaliation | Lazzarini: Starvation in Gaza – Day 625
    June 23, 2025
  • Russia’s Medvedev: Countries Ready to Give Iran Nuclear Weapons
    June 23, 2025
  • History is Watching: Will the World on Iran Legitimize Israel?
    June 23, 2025
  • Iran Threatens to Close Strait of Hormuz amid Direct War with US and Israel
    June 22, 2025
  • The Iran Attack: A War for the Future of the Middle East and Palestine
    June 22, 2025
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  • US Launches Major Bombing of Iran’s Nuclear Facilities – No Radiation Detected
    June 22, 2025
  • US Launches Strikes on Iranian Nuclear Sites, Escalating Ongoing War
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The Black Dress: Unveiling the Truth about Rape, Sexual Assault on October 7


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A recent New York Times made many claims about the ‘mass rape’ of Israeli women on October 7. But two leading Palestinian media organizations, The Palestine Chronicle and Friends of Palestine Network, conducted a joint investigation, the outcome of which resulted in the ‘The Black Dress’, a groundbreaking 18-minute documentary looking into allegations and the possible falsification of evidence.

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