Tagged: Gaza Strip

Hamas Faces Financial Crisis

Hamas Faces Financial Crisis

The Hamas government relies heavily on the taxes and tariffs imposed on goods flowing through the crossings with Israel and the tunnels with Egypt to cover monthly costs and payments for governance. The Hamas government taxes the majority of the Egypti…

New bank to open in Gaza Strip

New bank to open in Gaza Strip

A new bank is set to be inaugurated in the Gaza Strip next week, although it has not yet received the necessary licence from the Ramallah-based Palestinian Monetary Authority (PMA). The Al-Intaj bank has a capital of $20m and a board of directors chair…