Abbas to seek USD 4 billion for Gaza reconstruction

Image
AP Gaza City
Last Updated : Oct 03 2014 | 4:25 PM IST
Palestinian President Mahmoud Abbas will ask for USD 4 billion for reconstruction in Gaza following the recent 50-day war between Israel and Gaza's Hamas rulers.
Donor countries are deciding on aid to Gaza on October 12.
Palestinian officials say more than 60,000 homes and more than 5,000 businesses and factories were destroyed or damaged. The damage assessment and aid request are part of a reconstruction plan the Abbas government has released.
Meanwhile, Israel's army chief says it's in Israel's interest to enable the reconstruction of Gaza by easing border restrictions it imposed after the Hamas takeover of the territory in 2007.
Lt Gen Benny Gantz told the Haaretz daily today that Israel should "permit the opening of the strip to goods" and that "these people (Gazans) need to live.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 03 2014 | 4:25 PM IST

Next Story