Breaking 16:50 Tungsten prices surge 557 percent as China tightens export controls 16:30 BBC urges U.S. court to dismiss Trump’s $10 billion defamation lawsuit 16:20 Currency volatility hits eight month high as Iran conflict shakes markets 16:10 Oil prices top 100 dollars after drone strike on Fujairah port 15:50 Ship traffic in Strait of Hormuz drops to zero amid Iran conflict 15:47 One battle after another wins best picture at 98th Academy Awards 15:40 Salesforce launches record 25 billion dollar share buyback 15:20 Oil prices exceed 100 dollars as Strait of Hormuz crisis deepens 14:50 Iran strikes Gulf states as Strait of Hormuz crisis deepens 14:45 Encyclopedia Britannica sues OpenAI over AI training practices 14:20 UN climate chief warns fossil fuel dependence threatens Europe’s security 14:17 US Treasury Secretary Bessent calls talks with China in Paris constructive 13:50 JPMorgan warns oil above $90 could trigger S&P 500 correction 13:20 Asian markets fall as oil holds above $100 amid Iran war 12:50 Coinbase signals bitcoin may have passed peak pessimism in market sentiment 12:20 Allies press Trump for war strategy as Iran conflict enters third week 10:40 Tony-winning British actress Jane Lapotaire dies aged 81 10:20 Reuters investigation identifies Banksy as Bristol native Robin Gunningham 09:50 Peter Thiel lectures in Rome draw criticism from Vatican advisers 09:20 Japan begins releasing oil reserves in largest IEA stockpile draw 08:50 Hormuz blockade exposes fragile foundations of global semiconductor supply chain 08:20 Gold steadies near $5,000 as Iran conflict clouds Fed rate outlook 07:50 South Korea tanker operator Sinokor gains windfall as Strait of Hormuz crisis drives shipping rates 07:20 Australia and Japan decline naval deployment in Strait of Hormuz coalition 07:00 Bitcoin approaches $74,000 as Middle East oil crisis fuels crypto rally

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.