Breaking 18:15 Gucci sales decline eases as Kering gains momentum in luxury turnaround strategy 16:45 China's lithography breakthrough increases pressure on ASML amid U.S.-China technology rivalry 16:02 eBay agrees to $55.7 million settlement over harassment campaign targeting Massachusetts couple 16:00 Morocco emerges as a potential destination for future U.S. LNG exports 15:46 Diversity appointments to S&P 500 boards hit decade low as Trump's DEI policies reshape corporate governance 15:30 Former FCC officials challenge early review of Disney-owned ABC broadcast licenses 15:02 Sam Altman says AI has surpassed human intelligence, reigniting debate over technological singularity 15:00 Morocco benefits from $332 million U.S. program to support F-16 helmet-mounted systems 14:49 Netanyahu faces a critical test with Trump as tensions rise over Iran 14:30 Trump welcomes Zelenskiy to White House before funeral of Ukraine advocate Lindsey Graham 14:15 U.S. lawmaker seeks answers from FIFA president over ties with Trump administration 13:46 Mercedes-Benz vows to protect U.S. operations as Chinese investor scrutiny intensifies 12:17 Elon Musk warns of US debt crisis and sees artificial intelligence as a key to avoiding default 11:40 U.S. Treasury removes 84 names from sanctions lists in bid to streamline enforcement 11:11 Zelensky in Washington for crucial talks with Trump amid escalating war in Ukraine 11:10 PayPal boosts 2026 outlook as turnaround strategy gains momentum amid takeover speculation 10:47 HF Sinclair beats market expectations as stronger refining margins boost quarterly results 10:43 Apple reclaims the world’s most valuable company title as Nvidia shares slide 10:30 X expands into digital finance with paid accounts and peer-to-peer payments 10:05 Meta and BlackRock launch $14 billion Texas data center project to boost AI infrastructure 09:19 Trump says frozen Iranian assets could be used to compensate vessels damaged in the Strait of Hormuz 08:47 Washington reaffirms deep ties with Rabat as Moroccan-American friendship dates back to 1777 08:00 Trump says there are “good chances” for successful talks with Iran

Gaza’s reconstruction requires over $53 billion, says UN

Wednesday 12 February 2025 - 15:38
Gaza’s reconstruction requires over $53 billion, says UN

The United Nations has estimated that Gaza will need more than $53 billion to recover from the ongoing war with Israel, which has also impacted other Palestinian territories. According to a report released on Tuesday, at least $20 billion will be required within the first three years of reconstruction.  

UN Secretary-General Antonio Guterres described the situation in Gaza as a "humanitarian catastrophe." The report stressed that rebuilding efforts cannot proceed without a stable political and security framework, emphasizing the need to end Israel’s occupation and make progress toward a two-state solution.  

The destruction in Gaza has been extensive, with schools, hospitals, and homes largely reduced to rubble due to continuous Israeli military strikes, despite a fragile ceasefire. The UN estimates that:  

  • $15.2 billion will be needed for rebuilding homes.  
  • $6.9 billion will be required for commerce and industry.  
  • $6.9 billion must be allocated for the health sector.  
  • $4.2 billion is necessary to revive agriculture.  
  • $2.9 billion will be used to repair transportation networks.  
  • $2.7 billion is needed for water and sanitation.  
  • $2.6 billion must be invested in education.  

Additionally, clearing environmental hazards, including unexploded ordnance and toxic debris, will require $1.9 billion. The report noted that over 60% of Gaza’s homes have been destroyed, leaving behind more than 50 million tons of debris that contain dangerous materials.  

Guterres emphasized that the Palestinian Authority should take the lead in reconstruction. The UN General Assembly had previously called for an immediate ceasefire and ordered a comprehensive damage assessment to be completed within two months, which was finalized on January 30.  

The report was released just days before the US President Donald Trump proposed an internationally condemned plan to "take over" Gaza, clear the rubble, and redevelop it into the "Riviera of the Middle East." His idea faced widespread criticism from global leaders, including those in the Arab world and the Palestinian community.  

During a oint press conference at the White House, Jordan’s King Abdullah was asked whether Arab nations had agreed to Trump’s plan. He pointed to an alternative initiative from Egypt and other Arab countries, stating that discussions were ongoing.  

An Arab official, speaking anonymously to CNN, stated that the US has not fully developed Trump’s plan. In contrast to Trump’s controversial proposal, Arab leaders insist that any future vision for Gaza must preserve Palestinian sovereignty and prevent forced displacement. 


  • Fajr
  • Sunrise
  • Dhuhr
  • Asr
  • Maghrib
  • Isha

Read more

This website, walaw.press, uses cookies to provide you with a good browsing experience and to continuously improve our services. By continuing to browse this site, you agree to the use of these cookies.