The World Bank said in its interim damage assessment, this is equivalent to 97 percent of the combined economic output of the West Bank and Gaza in 2022. The report, produced with the United Nations and the European Union, found structural damage affected "every sector of the economy."
Palestinians count cost of Israel’s West Bank raid
Palestinians held funerals and assessed the damage of a days-long Israeli raid in the occupied West Bank, where violence has surged since war erupted in Gaza. Israeli forces withdrew on Friday after raiding the Tulkarem area for almost two days, during which the military said troops killed "at least eight...
Deadliest quake in decades kills over 1,000 in Morocco; rescue bid is on
Following the devastating earthquake in Morocco on Saturday that killed more than 1,000 people so far, the UAE, Iran, Iraq, Jordan, Algeria and Israel along with several other countries offered condolences, support, and assistance. UAE President Sheikh Mohamed bin Zayed Al-Nahyan emphasized solidarity with Morocco and ordered critical relief delivery.
‘US needs $30bn to seal 14,000 unplugged offshore oil, gas wells’
The cost to secure thousands of inactive oil and gas wells in the US Gulf of Mexico could top $30 billion, as per research published weighing potential environmental damage against estimated price tag. With new US government funding available for plugging old fossil fuel wells, the authors focused on offshore...Israeli warplanes hit Syria’s Aleppo airport, says ministry
Israeli warplanes struck Aleppo airport before dawn, causing significant damage that halted flights to and from Syria's war- and quake-battered second city, the defense ministry said. The airport has been a major conduit for aid flights since a February 6 earthquake devastated southeastern Turkey and Syria, a transport ministry official...Earthquake caused direct damage of $5.1bn in Syria, says World Bank
A massive earthquake and aftershocks in February caused an estimated US$5.1 billion in direct physical damage in Syria, said the World Bank. The earthquake that struck on February 6 hit Turkey and Syria, devastating scores of cities and killing over 50,000 people in both countries. Millions need help with accommodation...Building collapse in war-damaged Syria city kills 16
ALEPPO, SYRIA - A building collapsed Sunday in Syria's war-damaged second city of Aleppo, killing 16 people including children, authorities and media reported. Much of Aleppo was destroyed during Syria's conflict that began nearly 12 years ago and left many of the remaining structures in a decrepit state. "The number of...UN COP27 approves “loss and damage” fund
Nations hit by the impact of global warming can now be compensated from the "loss and damage" fund created by the UN's COP27 climate summit. The fund was approved by consensus following two weeks of contentious negotiations over demands by developing nations for rich polluters to compensate them.Israeli strikes hit Syria military targets: monitor
Israeli air strikes hit positions held by the Syrian government and its pro-Iranian allies near Damascus overnight, a war monitor said on Wednesday.
Green drive: Middle East bets big on renewables
To forestall the crippling effects of climate change, Saudi Arabia and the UAE have put on track projects worth billions of dollars to significantly lower emissions.
