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Israel to lift tight controls over Gaza reconstruction materials

GAZA CITY, Gaza Strip — Israel has agreed to suspend on Jan. 1 the Gaza Reconstruction Mechanism (GRM), a deal Palestinian contractors say has put many of them out of business and cost the Contractors Union millions of dollars a month, according to a representative of the new consensus government. …

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Gaza traders, consumers welcome end of double taxation

GAZA CITY, Gaza Strip — The Palestinian Authority (PA) announced Nov. 1 that it had officially taken over crossings into and out of Gaza within the framework of implementing the reconciliation agreement signed between Fatah and Hamas on Oct. 12 in Cairo. On the same day, Civil Affairs Minister Hussein al-Sheikh said in a press statement, “The …

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Gaza banks face uncertain future as reconciliation deal progresses

GAZA CITY, Gaza Strip — Despite the efforts by Fatah and Hamas to seal the Palestinian reconciliation deal and the concessions offered by Hamas, some issues that went undiscussed during the Egyptian-sponsored rounds of dialogue in Cairo remain outstanding. After the Hamas takeover of the Gaza Strip in 2007, two banks were established to jump-start the economy in …

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Palestinian reconciliation takes its toll on new PA budget

RAMALLAH, West Bank — Reconciliation between Fatah and Hamas is expected to take its toll on the Palestinian Authority‘s (PA) general budget for 2018, which the government will begin drafting by the end of October, a Palestinian official told Al-Monitor. “Reconciliation — if successful — will make the next budget the largest in the history of the …

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Palestinians gauge economic impact of reconciliation

Despite numerous failures in the past, many Palestinians and officials involved in the Hamas-Fatah reconciliation seem optimistic about this attempt. They now are evaluating the potential economic effects of the national consensus agreement signed Oct. 12 that reunites Fatah, which controls the West Bank, and Hamas, which administers the Gaza Strip. The Palestinian Authority (PA) met …

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Amid reconciliation efforts, Palestine sets its eyes on Gaza gas field

GAZA CITY, Gaza Strip — Natural gas off the coast of the Gaza Strip under the Palestinian territorial waters in the eastern Mediterranean sea remains a prime focus of the Palestinian Authority (PA). While the PA has tried to exploit natural gas in a step to strengthen the Palestinian economy …

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Palestinian Government Sets Economic Reform Plan for Gaza Strip

Ramallah– Kifah Zboun Palestinian Prime Minister Rami Hamdallah presented on Wednesday highlights of his government’s economic reform plan in the Gaza Strip. “We have plans ready for action,” said Hamdallah, who remained in Gaza with a group of ministers following a Cabinet session on Tuesday. “We hope we can invest …

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Experts: Reconciliation will reflect positively on Gaza’s reconstruction, economy

  by Mohammed Abu Fayyad GAZA, September 30, 2017 (WAFA) – Palestinian officials and economic experts believe that success of reconciliation and the restoration of national unity between the West Bank and Gaza Strip will reflect positively on Gaza’s economy and will accelerate reconstruction following three devastating wars launched by …

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PA worries Egyptian aid to Hamas prolongs Palestinian division

GAZA CITY, Gaza Strip — Egypt has taken several steps to improve economic conditions for Hamas in the Gaza Strip. On Aug. 11, an agreement was reached to establish a free-trade zone on the Gazan-Egyptian border during a visit by a Hamas delegation to Cairo. On June 21, Egyptian industrial diesel was brought to Gaza to operate …

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Water deal tightens Israel’s control over Palestinians

Agreement fails to address the fundamental concept of water as a shared resource, critics say. It was hailed as a breakthrough, a rare display of regional cooperation, and a positive step that may pave the way for resuscitating talks between Palestinians and Israelis, which have been on hold since 2014. …

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