Egypt's closure of tunnels used to smuggle goods into the Gaza Strip has caused monthly losses of $230 million (170 million euros) to its economy, a Hamas official said Sunday.

The "closure of the tunnels caused heavy losses to the industry, commerce, agriculture, transport and construction sectors" of around $230 million monthly, said Hatem Oweida, deputy economy minister for the Islamist movement Hamas that governs the strip.

Essential materials were for years smuggled from Egypt into Gaza through tunnels, bypassing Israel's blockade, but the Egyptian army recently destroyed many of those after ousting president Mohamed Morsi of the Muslim Brotherhood, a Hamas ally.

Oweida said that the coastal Palestinian territory had relied on the tunnels to meet at least 40 percent of its construction supplies and raw material needs.

Gaza's unemployment rate would hit 43 percent if official border crossings remained shut and the tunnels were destroyed, Oweida warned.

He added that "public revenues saw a decline after the closure of the tunnels and the tightening of the siege in the second half of 2013," which he said would hit Hamas' employment and temporary work programmes.

Israel first imposed its land, sea and air blockade on the coastal strip in 2006 after militants there seized an Israeli soldier.

It was further tightened in mid-2007 when Hamas took control of Gaza.

About News.net

Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.

 

FAQs

Email

If you have any questions or concerns please email us on support@news.net

Phone

  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.

Cancel