archiveIsrael-Hamas War 2024

Banking

European Union condemns development of settlements in West Bank – Israel News

The European Union condemned Sunday the Israeli announcement that an additional 800 hectares (1,977 acres) of land in the Jordan Valley would be classified as Israeli state land."The European Union firmly condemns the announcement by Israeli Finance Minister Bezalel Smotrich that over 800 hectares of land in the occupied Palestinian territory have been declared as ‘state lands.’ This is the largest confiscation since the Oslo Accords," read the condemnation. The EU refuses to recognize changes to borderThe EU reaffirmed that, in line with its longstanding position, it will not recognize...
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US says West Bank settlements are illegal, reversing Pompeo doctrine

The Biden administration declared that settlements are illegal, as it rescinded the “Pompeo doctrine” to underscore its objection to Israel’s declared intention to advance plans for 3,000 new homes in the West Bank.“We’re disappointed in the announcement,” US Secretary of State Antony Blinken said Friday during a joint press conference in Buenos Aires.“It’s been longstanding US policy under Republican and Democratic administrations alike that new settlements are counterproductive to reaching an enduring peace,” he said. “They’re also inconsistent with international law. Our administration maintains a firm opposition to settlement...
Investing

US heath-tech investors visiting Israel to seek opportunities amid war

A group of American health-tech investors with at least $25 billion of investment capital will be in Israel this week to connect with industry members and show their support for the Startup Nation.The privately arranged mission, spearheaded by the chief business officer of a health-tech accelerator in New York together with a local business consultant, will take travelers to Start-Up Nation Central, to meet with Team8, AION Labs, and aMoon Fund, and to tours at hospitals and med-tech accelerators.The group of about a dozen travelers arrives on Monday. It...
Economy

UN fears US designation of Houthis could harm Yemen’s economy

The United Nations fears that a US decision to return Yemen's Houthi rebels to a list of terrorist groups could harm the war-torn country's economy, particularly commercial imports of essential items, a senior UN aid official said on Wednesday.The US move, announced last month, takes effect on Friday and hits the Iran-aligned group with harsh sanctions that aim to cut off funding and weapons the Houthis have used in their stepped-up attacks on ships in vital Red Sea shipping lanes.The UN aid operations director, Edem Wosornu, said that while...
Banking

US names four Israeli settlers sanctioned for violence on Palestinians

NEW YORK - The State Department released the names of four individuals who will be sanctioned under President Joe Biden's executive order issued Thursday aiming to quell violence against Palestinians in the West Bank. "The United States has consistently opposed actions that undermine stability in the West Bank and the prospects of peace and security for Israelis and Palestinians alike. This includes attacks by Israeli settlers against Palestinians and Palestinian attacks against Israelis," according to the State Department."There is no justification for extremist violence against civilians, whatever their national origin,...
Funds

EU adds Hamas’s political leader Yahya Sinwar to terror list

The Council of the European Union (EU) on Tuesday added Yahya Sinwar, the political leader of Hamas, to their terrorist list three months after the Hamas rampage in Israel on October 7.The Council also added Ahmed Khaled Muller, a member of Al-Shabab in Somalia, to its autonomous sanctions list against ISIS and Al-Qaida. Muller has participated in combat operations and committed terrorist acts on behalf of Al-Shabab, a terrorist organization affiliated with Al-Qaida.These individuals added to the terrorist list are now subject to the freezing of their funds and...