Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: For the first time, Prime Minister Netanyahu is signaling that he wants to end the war on Gaza
Israeli Channel 12, citing an American source: We want to have entered a path toward captive release and a ceasefire before Netanyahu arrives in Washington
Lebanese Ministry of Health: One martyr and two injured in the Israeli airstrike that targeted a motorcycle in the town of Mahrouna
Al Mayadeen correspondent to Southern Lebanon: An Israeli drone strike targeted a vehicle between the towns of Jwayya and Mahrouna.
Al Mayadeen's correspondent in South Lebanon: One martyred in the Israeli drone strike on a car in the town of Kawnin
Al Mayadeen's correspondent in South Lebanon: Israeli drone targets a car in the town of Kawnin
Naeini: If our national interests are attacked again, our response this time will be stronger and more destructive
Naeini: The war has proven that the settlers are defenseless against Iranian missile and drone forces
Naeini: Trump lacks an understanding of the true strength of the Iranian people and is so deluded as to believe he can change the reality of Iran's victory
Naeini: The defeat led to Trump's confusion and loss of balance, which was reflected in his ill-considered statements

Israeli media: the Israeli economy has lost roughly $1 bln

  • By Al Mayadeen English
  • Source: Al Mayadeen
  • 17 Oct 2023 16:00
3 Min Read

According to Maariv newspaper, there are financial losses that have not been assessed yet.

  • x
  • An Israeli policeman displays counterfeit 100 Israeli Shekel bills,  July 7, 2013 (AP)
    An Israeli policeman displays counterfeit 100 Israeli Shekel bills, July 7, 2013 (AP)

The Israeli newspaper Maariv revealed that "the Israeli economy seems to have already started paying a high price for the war."

11 days after the beginning of Operation Al-Aqsa Flood, the newspaper noted that "Israel" has suffered significant losses on the human, military, and economic levels, and the repercussions are worsening.

The newspaper estimates that the Israeli economy has lost 4.6  billion shekels (more than 1 billion dollars) due to decreased productivity in Israeli institutions.

According to a study by the Manufacturers Association in "Israel", the Israeli economy has already started paying a high price for the war due to the suspension of education institutes, road closures, and extensive stockpiling throughout "Israel".

"There is no doubt that the war constitutes a severe economic blow to the economy, and we will have to be strong and united to overcome the crisis," Dr. Ron Tomer, the head of the Manufacturers Association said.

Read  more: Gaza's homegrown weapons: How Hamas, PIJ left 'Israel' in shambles

"The Israeli industry, in particular, is currently suffering from a labor shortage due to the war... and the main problem lies in logistics services."

Overall, estimates indicate that about 1.3 million workers did not go to their jobs this week.

Related News

Resistance inflicts casualties on IOF in Gaza City, Khan Younis

Trump predicts Gaza ceasefire within a week

According to a study made by Israeli banks, "85% of workers in the southern region are absent from their jobs, along with about 20% in other parts of Israel, and only 25% of parents who had to stay home to care for their children can work from home."

According to Maariv, the estimates do not consider "additional and very significant financial damages, which will not be economically assessed until after the fighting ends, such as the direct damage to factories and the damage to profitability."

The report adds "indirect damages such as damage to reputation among foreign customers, the cancellation of deals, non-compliance with schedules, the depreciation of the shekel, and others, in addition to the damage resulting from decreased productivity."

Read more: Shin Bet chief admits to intel failure, holds himself responsible

A report by the New York Times revealed that "Israel" has requested $10 billion in emergency aid from the US in response to the Palestinian resistance operation. 

Late on Monday night, it was reported that the White House is preparing a support package that includes aid for "Israel," along with assistance for Ukraine, funding for strengthening the US-Mexico border, and aid for Taiwan.

This follows a statement by the US Secretary of State Antony Blinken on Sunday, where he mentioned that Washington was reviewing Israeli appeals for extra military assistance to support its genocide in the Gaza Strip.

Last week, a US official informed Sputnik that a decision had not been reached in Washington regarding the inclusion of assistance for Ukraine and Taiwan in a supplementary funding request being prepared for submission to Congress to secure additional aid for "Israel."

Read more: Blinken urges Netanyahu to allow humanitarian aid into Gaza: Axios

  • Palestine
  • Israel
  • Israeli occupation
War on Gaza

War on Gaza

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli occupation soldiers search for settlers amid the rubble of buildings destroyed by an Iranian missile strike in Bat Yam, central occupied Palestine, on Sunday, June 15, 2025 (AP)
Politics

Iran missile strike flattens Bat Yam, displaces 2,000 settlers

Palestinian fighters from the Islamic Jihad militant group riding on a truck with weaponry on display take part in an anti-Israel parade marking the 36th anniversary of the movement's founding, in Gaza City, Wednesday, Oct. 4, 2023 (AP)
Politics

Palestinian Resistance attacks Israeli forces in Khan Younis, Jabalia

Iranian Foreign Minister Abbas Araghchi stands waiting to meet Russian President Vladimir Putin for the talks at the Kremlin in Moscow, Russia, Monday, June 23, 2025 (AP)
Politics

Iran suspends IAEA cooperation, Araghchi blames Grossi for attacks

The commander of the Quds Force's Palestine Unit, Brigadier General Mohammad Said Izadi (Illustrated by Mahdi Rtail for Al Mayadeen English)
Politics

Who was Mohammad Said Izadi, head of the Quds Force's Palestine Unit?

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS