- Xi, Biden at Asia-Pacific summit under Trump trade war cloud
- India go on record six-hitting spree against South Africa
- France skipper Dupont says All Blacks 'back to their best'
- Trump pressures US Senate with divisive cabinet picks
- Bagnaia strikes late in Barcelona practice to edge title rival Martin
- High-ball hero Steward ready to 'front up' against South Africa
- Leader of Spain flood region admits 'mistakes'
- Swiatek, Linette take Poland past Spain into BJK Cup quarter-finals
- Leftist voices seek to be heard at Rio's G20 summit
- Wales coach Jenkins urges players to 'get back on the horse'
- Zverev reaches ATP Finals last four, Alcaraz out
- Boeing strike will hurt Ethiopian Airlines growth: CEO
- Springboks skipper Kolisi wary of England's 'gifted' Smith
- End of a love affair: news media quit X over 'disinformation'
- US finalizes up to $6.6 bn funding for chip giant TSMC
- Scholz urges Ukraine talks in first call with Putin since 2022
- Zverev reaches ATP Finals last four, Alcaraz on brink of exit
- Lebanon rescuer picks up 'pieces' of father after Israel strike
- US retail sales lose steam in October after hurricanes
- Zverev reaches ATP Finals last four with set win against Alcaraz
- Kerevi back for Australia against Wales, Suaalii on bench
- Spate of child poisoning deaths sparks S.Africa xenophobia
- Comedian Conan O'Brien to host Oscars
- Rozner overtakes McIlroy and Hatton for Dubai lead
- Mourners bid farewell to medic killed in east Ukraine
- Gore says 'absurd' to hold UN climate talks in petrostates
- Hamas says 'ready for ceasefire' as Israel presses Gaza campaign
- Amorim says Man Utd is 'where I'm supposed to be'
- Japan hammer Indonesia to edge closer to World Cup spot
- Jeff Beck guitar collection to go under the hammer in January
- Veteran Ranieri has 'no time for mistakes' on Roma return
- Van Nistelrooy says he will 'cherish' Man Utd memories in farewell message
- IAEA chief tours sensitive Iran nuclear plants
- Pompeii rejects 'mass tourism' with daily visitor limit
- Jailed Russian poet could be 'killed' in prison, warns wife
- French court orders release of Lebanese militant held since 1984
- Global stocks struggle after Fed signals slower rate cuts
- UK economy slows, hitting government growth plans
- Primary schools empty as smog persists in Indian capital
- Palestinians turn to local soda in boycott of Israel-linked goods
- Typhoon Man-yi bears down on Philippines still reeling from Usagi
- UK growth slows in third quarter, dealing blow to Labour government
- Chris Wood hits quickfire double in NZ World Cup qualifying romp
- Markets struggle at end of tough week
- China tests building Moon base with lunar soil bricks
- Film's 'search for Palestine' takes centre stage at Cairo festival
- Oil execs work COP29 as NGOs slam lobbyist presence
- Gore says climate progress 'won't slow much' because of Trump
- 'Megaquake' warning hits Japan's growth
- Stiff business: Berlin startup will freeze your corpse for monthly fee
RBGPF | 2.67% | 61.84 | $ | |
CMSC | 0.18% | 24.595 | $ | |
JRI | -0.36% | 13.0299 | $ | |
BCC | -0.52% | 139.62 | $ | |
BCE | -0.05% | 26.826 | $ | |
NGG | 0.19% | 62.49 | $ | |
SCS | 0.3% | 13.31 | $ | |
RIO | 0.9% | 60.98 | $ | |
RYCEF | 0.44% | 6.82 | $ | |
GSK | -2.24% | 33.255 | $ | |
AZN | -2.43% | 63.5 | $ | |
RELX | -3.44% | 44.42 | $ | |
VOD | 0.74% | 8.745 | $ | |
CMSD | -0.07% | 24.34 | $ | |
BTI | 2.3% | 36.325 | $ | |
BP | -0.57% | 28.885 | $ |
World Bank estimates damage to Gaza critical infrastructure at $18.5 bn
The World Bank says the Israel-Hamas war has caused damage of around $18.5 billion to Gaza's critical infrastructure, according to a new report published Tuesday.
This is equivalent to 97 percent of the combined economic output of the West Bank and Gaza in 2022, the World Bank said in its interim damage assessment, which covers the period between the onset of the conflict on October 7 and the end of January.
The report, produced with the United Nations and the European Union, found structural damage affected "every sector of the economy," with more than 70 percent of the estimated costs due to the destruction of housing.
The bloodiest-ever Gaza war erupted with Hamas's October 7 attack, which resulted in about 1,160 mostly civilian deaths in Israel, according to an AFP tally of Israeli official figures.
Israel's retaliatory campaign has killed at least 32,916 people, mostly women and children, according to the health ministry in Hamas-run Gaza.
The Israeli military's heavy aerial bombardment in the aftermath of the attack, and its ongoing ground operations inside Gaza, have reduced many areas of the territory to rubble, creating an estimated 26 million tons of debris.
"For several sectors, the rate of damage appears to be leveling off as few assets remain intact," the Bank said.
Beyond the structural damage, the report also found that more than half of Gaza's population were on the brink of famine, with the whole population "experiencing acute food insecurity and malnutrition."
An estimated 84 percent of Gaza's health facilities have been damaged or destroyed, while three quarters of the population have been displaced by the fighting, leaving more than a million people without homes.
The report, created using remote data collection sources, found that Gaza's water and sanitation system had "nearly collapsed," and was delivering less than 5 percent of its pre-war output.
100 percent of Gaza's children were out of school due to the collapse of the education system, while 92 percent of its primary roads were either destroyed or damaged, according to the World Bank.
The report called for "an increase in humanitarian assistance, food aid and food production; the provision of shelter and rapid, cost-effective, and scalable housing solutions for displaced people; and the resumption of essential services."
W.Nelson--AT