INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Israel to reinstate increase in entry permits for Gaza workers

Israeli soldiers stand on guard by the fence along the border with the Gaza Strip near Moshav Netiv HaAsara in southern Israel on Dec 7, 2021. (AFP)
  • COGAT said decision regarding entry through Gaza Strip would take effect in coming days "provided that the security situation in the area remains quiet"
  • Earlier, Israel suspended entry permits for Palestinian workers from Gaza in response of the rocket fire from the Palestinian enclave to Jewish state
Israel on Wednesday said it was reinstating an increase in entry permits for Palestinian workers from the blockaded Gaza Strip, canceling a suspension announced days earlier. 

 

Authorities decided “to raise the quota of entry permits granted to Palestinian residents of the Gaza Strip for purposes of work and commerce by an additional 2,000 permits”, said COGAT, the Israeli defense ministry body responsible for civil affairs in the Palestinian territories.

“This ends a suspension of the same decision last weekend, in the wake of a rocket fire directed at the state of Israel,” it added in a statement.

COGAT said Wednesday’s decision would take effect in the coming days “provided that the security situation in the area remains quiet”.

Israeli warplanes on Saturday hit sites in the Gaza Strip belonging to the Islamist movement Hamas in retaliation for rocket fire from the Palestinian enclave, the Israeli army had said.

The Jewish state later said it was suspending a rise in entry permits for Palestinian workers from Gaza.

The increase of 2,000 permits, initially announced last Thursday, takes the total to 14,000.

Work in Israel provides a lifeline for thousands of Gazans, who can earn far higher wages on Israeli farms and construction sites than they do in Gaza.

The impoverished enclave of 2.3 million people has been under Israeli blockade since Hamas took power in 2007.