Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Israel destroys one of Gaza's tallest apartment buildings  Join our daily free Newsletter

MENAFN - Arab News - 26/08/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) GAZA: Israeli air strikes launched before dawn on Tuesday killed two Palestinians and destroyed much of one of Gaza's tallest apartment and office buildings setting off huge explosions and wounding 20 people Palestinian health officials said.

Israel had no immediate comment on the attacks that took place as Egyptian mediators stepped up efforts to achieve an elusive cease-fire to end seven weeks of fighting.

Palestinian health officials say 2125 people most of them civilians including more than 490 children have been killed in Gaza since July 8 when Israel launched an offensive with the declared aim of ending rocket fire into its territory.

Sixty-four Israeli soldiers and four civilians in Israel have been killed.

Palestinian officials said 70 families lived in the 13-story building which was listing to one side after the blasts. The structure also housed offices and a shopping complex.

Hundreds of neighbors in surrounding homes were also evacuating to avoid being hurt if the structure collapses witnesses said.

Fatalities were averted by warnings issued to residents to vacate the premises and two non-explosive warning missiles fired by drones.

The attacks followed a day of heavy rocket fire at Israel whose military said more than 130 rockets and mortar bombs were fired from Gaza on Monday one of them injuring a civilian.

Hamas claimed responsibility for firing rockets at Tel Aviv at least one of which was shot down by Israel's Iron Dome interceptor. Warning sirens were also heard in Israeli communities bordering Ben-Gurion International Airport.

Israeli air strikes on Tuesday killed at least nine Palestinians in Gaza.

Two rockets were fired at Israel across the Lebanese border as well after nightfall on Monday. The Israeli military said it responded by firing artillery shells at the 'source of the attack.' There were no reported injuries on either side.

Despite the raging violence there were signs the sides might be edging toward a new cease-fire.

Egypt proposes indefinite truce

Qais Abu Leila a senior Palestinian official involved in Egyptian-mediated talks to reach a truce said Cairo had proposed an indefinite cease-fire.

Israeli media said a deal could come within hours. Several earlier truces have collapsed within days.

Cairo's latest initiative calls for the immediate opening of Gaza's crossings with Israel and Egypt to aid reconstruction efforts in the coastal strip to be followed by talks on a longer-term easing of the blockade.

Hamas and Israel blamed each other for delaying agreement and the negotiations have been additionally complicated by the fact both sides refuse to talk to each other and communicate only indirectly largely via Egyptian intermediaries.

An Israeli official speaking on condition of anonymity said Israel would consider the proposal once assured that Hamas was ready to accept it.

Hamas has said it will not stop fighting until the Israeli-Egyptian blockade on the enclave of 1.8 million people is lifted.

Both Israel and Egypt view Hamas as a security threat and are demanding guarantees that weapons will not enter the economically crippled territory. Israel recalled its negotiators from Cairo last Tuesday after a cease-fire collapsed.

The United States has separately begun preparing its own draft outline for a proposed United Nations resolution to demand a cease-fire working alongside European powers and Jordan on a final draft diplomats said on Monday.

Thousands of homes in the Gaza Strip have been destroyed or damaged in the conflict. Nearly 500000 people have been displaced in the territory where Palestinians citing Israeli attacks that have hit schools and mosques say no place is safe.

Israel has said Hamas bears responsibility for civilian casualties because it operates among non-combatants. The group it said uses schools and mosques to store weapons and as launching sites for cross-border rocket attacks.

Israel took steps on Tuesday to protect its economy from further war damage.

The Bank of Israel fearing the conflict will slow economic growth cut its benchmark interest rate by a quarter-point to 0.25 percent its lowest level. The bank said the war may shave half a point off GDP which is forecast at 2.9 percent in 2014 as tourism and consumer spending are hit.

(Additional reporting by Lou Charbonneau at the UN; Reporting by Nidal Al-Mughrabi; Writing by Allyn Fisher-Ilan; Editing by Ken Wills)

 


Arab News




  MENA News Headlines
 Jan 28 2015 - Gulf states to rethink monetary policyMENAFN
(MENAFN) Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in the region and the US ...

 Jan 28 2015 - DIB picks arrangers for potential Tier 1 sukukKhaleej Times
(MENAFN - Khaleej Times) Dubai - Dubai Islamic Bank, or DIB, said on Tuesday that it picked eight banks to arrange roadshows from January 8 for a potential benchmark size dollar-denominated sukuk ...

 Jan 28 2015 - What next for Londonium and Barclays?Khaleej Times
(MENAFN - Khaleej Times) I have tried to visit Britain on the eve of every general election since the end of the Thatcher era (by Tory regicide, not the ballot box) in November 1990 in search of ...

 Jan 28 2015 - Emirates NBD - holding the banking fortKhaleej Times
(MENAFN - Khaleej Times) The banking industry looks set to sustain positive trends this year due to strong macroeconomic economic indicators, sufficient liquidity and low interest rates in the ...

 Jan 28 2015 - China pumps cash into banks in a bid to accelerate growthKhaleej Times
(MENAFN - Khaleej Times) Beijing - China's central bank has bolstered support for the cooling Chinese economy by injecting another 50 billion yuan ($8.1 billion) worth of short-term loans into banks ...

 Jan 28 2015 - Union National Bank posts 16% jump in annual earningsKhaleej Times
(MENAFN - Khaleej Times) People walking past a Union National Bank branch in Dubai. The total assets of the UNB Group increased by seven per cent in 2014 to Dh93.5 billion as at December 31, 2014. - ...

 Jan 28 2015 - Gulf Arab countries may need to rethink policy: Qatari bankerKhaleej Times
(MENAFN - Khaleej Times) Dubai - Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in ...

 Jan 28 2015 - GCC retail sector on growth pathKhaleej Times
(MENAFN - Khaleej Times) Dubai - GCC retail sales are expected to grow at a 7.3 per cent compound annual growth rate (CAGR) between 2013 and 2018 to reach $284.5 billion, according to Alpen ...

 Jan 28 2015 - Dubai International airport crowned as world's busiestKhaleej Times
(MENAFN - Khaleej Times) The airport's passenger numbers boosted by 6.1 per cent to 70.5 million in 2014 and pushed the Heathrow down to the second position as London's top airport handled 68.1 ...

 Jan 28 2015 - Sharjah's Dh17.7b budget to ensure economic upliftKhaleej Times
(MENAFN - Khaleej Times) Sharjah - His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, on Tuesday approved the 2015 general budget of the emirate ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help