Economic crises are rippling through the countries bordering Israel, raising the possibility of a chain reaction from the war with Hamas that further worsens the financial health and political stability of Egypt, Jordan and Lebanon and creates problems well beyond.Each of...
WASHINGTON — Economic crises are rippling through the countries bordering Israel, raising the possibility of a chain reaction from the war with Hamas that further worsens the financial health and political stability of Egypt, Jordan and Lebanon and creates problems well beyond.
World Bank head Ajay Banga warned at a conference in Saudi Arabia this week that the war puts economic development at a “dangerous juncture.” Already, over a million people have been displaced within Gaza, and the threat of the war's escalation looms with clashes along the Lebanon-Israel border between the Israeli military and Hezbollah militants.
Mirette F. Mabrouk, director of the Middle East Institute’s Egypt Studies program, said, “Egypt is in the worst economic crisis I can remember in at least five decades” and that only complicates the current turmoil from the war. A representative from the Egyptian government did not respond to an Associated Press request for comment.
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Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and JordanEconomic crises are rippling through the countries bordering Israel. That raises the possibility of a chain reaction from the war against Hamas that further worsens the financial health and political stability of Egypt, Jordan and Lebanon and creates problems well beyond.
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Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and JordanEconomic crises are rippling through the countries bordering Israel.
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Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and JordanEconomic crises are rippling through the countries bordering Israel
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Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and JordanEconomic crises are rippling through the countries bordering Israel.
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Leader of Lebanon's Hezbollah holds talks with senior Hamas and Palestinian Islamic Jihad figuresThe leader of Lebanon’s Hezbollah group has met with top Hamas and Palestinian Islamic Jihad officials. The meeting Wednesday is the first one reported since the Hamas-Israel war erupted earlier this month and clashes began along the Lebanon-Israel border. Israel declared war after Hamas fighters surged into Israel on Oct.
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