Since the start of the Gaza war, our budget has tripled as we hired more editors and writers. We must not stop now as the Israeli genocide against innocent civilians in the Strip is worsening. Your solidarity is more critical than ever before.
Economy
More Bad News from Israel: What is Happening to the Shekel?
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
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
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
“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
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
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’
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
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
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
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
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
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
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
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
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 […]