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BREAKING
Local Syrian sources: An Israeli airstrike targeted a tank and artillery battalion in the city of Izraa in the Daraa countryside
Al Mayadeen's correspondent in eastern Lebanon: 12 martyrs and 5 wounded in Israeli raids targeting the outskirts of Wadi Fa'ra in the northern Bekaa Valley
Local Syrian sources: More than 10 Israeli raids targeted Sweida, with information about more than five casualties from the Internal Security Forces
Local Syrian sources: Initial reports indicate that approximately 15 people were killed or wounded at the al-Radwan family's guest house in Sweida following a direct exchange of gunfire
Israeli media, citing Israeli political sources, reported that the Shas movement is expected to withdraw from the government within less than 24 hours
Qatari Foreign Ministry: Negotiations to reach a ceasefire in the Gaza Strip are still in the first stage. We are continuing our efforts around the clock
Channel 14, citing a senior Israeli political source, reported: The attacks in Syria and Tel Aviv's offensive policy are coordinated with the Americans
Lebanese Ministry of Health's Emergency Operations Center: Six injured as a result of Israeli airstrikes on the Bekaa Valley in eastern Lebanon
Israeli media: The Israeli Air Force has launched a wave of large-scale attacks on southern Syria
UNRWA: One in 10 children in Gaza suffers from malnutrition

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.

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  • 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.

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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

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