Breaking 23:40 US judge reinstates union contract for 320,000 veterans’ agency workers 23:20 Egypt introduces five-year multiple-entry visa for Moroccan citizens 23:00 Berkshire Hathaway opposes shareholder proposal on workforce oversight, reports Buffett’s pay 22:20 US expands Venezuela sanctions waivers amid rising energy and fertilizer prices 22:00 Halkbank hires EY to review sanctions and anti-money laundering compliance 20:40 South Korea’s prime minister meets Donald Trump in Washington 20:20 Hyundai issues stop sale for some 2026 Palisade SUVs after safety incident 15:50 Stanford study finds aging occurs in bursts rather than gradual decline 15:20 CF Industries hits record high as Iran war disrupts global fertilizer supply 15:00 Switzerland maintains mandate for US trade negotiations, says minister 14:50 Euro falls to 2026 low as Middle East oil crisis pressures Europe 14:30 Traders anticipate possible Federal Reserve interest rate cut by September 14:20 Musk warns parents to keep ChatGPT away from children after Canada shooting lawsuit 14:07 Aluminum hits four year high as Gulf war disrupts global supply 13:50 Silo AI founder launches QuTwo to link enterprise AI with quantum computing 13:45 Netherlands adopts cautious stance on US and Israeli strikes against Iran 13:43 BofA strategist warns markets echo conditions before the 2008 financial crisis 13:15 Hungary calls on EU to reconsider sanctions on Russian oil after US decision 13:00 China urges US to halt new arms sales to Taiwan ahead of Trump visit 12:20 Crypto fear index exits extreme fear after 41 day market slump 11:50 U.S. dollar hits four month high as Middle East war drives safe haven demand 10:50 Oil surges above $100 as Iran vows to keep Strait of Hormuz closed 09:50 Japan signals readiness to intervene as yen nears 160 against dollar 09:20 Altman says AI will be sold by usage like electricity 08:50 Apple launches $599 MacBook Neo, shaking up the budget laptop market 08:20 Gold steadies near $5,175 as strong dollar offsets safe haven demand 07:50 Scientists uncover 300 million year old DNA code hidden in plant genomes 07:20 Oil prices could drop to $55 despite Strait of Hormuz crisis 07:00 Asian stock markets fall as Iran conflict keeps oil near $100

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.