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
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street

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

Abu Obeidah: Commander Deif wrote Palestine’s final liberation chapter

Israeli 'humanitarian city' plan jeopardizes Gaza ceasefire deal talks

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

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

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