Deputy minister: Gaza war damage $4bn-$6bn

Ramallah - A month of fighting between Israel and Hamas in the Gaza Strip will cost the Palestinian territory at least $4bn-$6bn in damages, deputy economy minister Taysir Amro said on Tuesday.

Amro told AFP the figure included only "direct damages" to the Gaza economy and warned it could climb further once additional impacts on the 1.8 million population are taken into account.

A more precise assessment would be carried out once calm returns permanently to the overpopulated sliver of territory where more than 1 850 people were killed and nearly half a million displaced, he said.

Amro said international donors were expected to meet in Norway in September, but gave no further details.

A 72-hour truce, brokered by Egypt and the United States, came into effect at 08:00 on Tuesday as the last Israeli troops left the battered enclave.

The fighting began on 8 July and expanded into an Israeli ground offensive on 17 July.

Hundreds of homes were destroyed and last week the Gaza Strip's only power plant was shelled, imposing total blackouts.

The Palestinian territory, under blockade by Israel and Egypt, suffers from chronic water and power shortages.

Even before the latest fighting, Gaza suffered power cuts of eight to 12 hours a day, hampering hospitals, schools, businesses and water treatment centres.

Read more on: palestine israel gaza
Makhulu Zulu 2014-08-05 06:49:45 PM
Boycott all companies doing business with Israel. They should feel the pinch. There was a good demonstration at Woolworths in Centurion. Pick n Pay in Lenasia was deserted too. Awesome. Everyone that believes human life has value must boycott Israel until the siege on Gaza and West Bank is lifted.
Finya Ngendololwane 2014-08-05 07:00:43 PM
Some of the Israeli soldiers are complaining and feel that they should have done more. They are very unhappy about this withdrawing
Charles Komane 2014-08-05 07:48:09 PM
Israel will be dissapointed, very low damage.
Riaan Kriek 2014-08-05 08:18:25 PM
Ye those terrorist tunnels are expensive to replace
Nicolas Kritzinger 2014-08-05 08:21:01 PM
The definition of insanity... Doing the same thing over and over again (firing rockets) and each time hoping for a different result (israel not retaliating but somehow deciding thats its ok to be wiped off the face of the earth)!!!
Jojo Balela 2014-08-05 08:28:33 PM
the damage to Israel is probably just a few hundred dollars... still they call it "Gaza war"... when it should be called "Gaza genocide "
Tshepo Sneed Monyai 2014-08-05 09:00:07 PM
How can it be called a war Gaza doesn't have an air force or an army
Zahir 2014-08-05 09:19:49 PM
Israel has achieved nothing after a month of killings civilians bombing schools, hospitals, ambulances, mosques the cycle of violence will continue Israel prefers ongoing violence to avoid a two state solution and peace
Andre James 2014-08-05 09:25:32 PM
History has an ironic way of repeating itself and it seems the zionists have learned little from the horrific experiences of their forefathers in the pogroms, ghettos and concentration camps. They have created an open air prison in Gaza and the West Bank. The pattern of repeated wars aimed at destroying infrastructure schools and hospitals is obvious. The excuse for war was the alledged kidnapping and murder of three teenagers holds no water. Just a day before the kidnapping an Israeli airstrike killed a Palestinian man and 10 year old boy.
Alex 2014-08-05 09:32:33 PM
Hamas Placed Rocket Launchers Next to UN Facility. Check it on YouTube.