Israel Extends Cooperation between Israeli and Palestinian Banks, Official Says

Israeli Finance Minister Bezalel Smotrich attends an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023. (Reuters)
Israeli Finance Minister Bezalel Smotrich attends an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023. (Reuters)
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Israel Extends Cooperation between Israeli and Palestinian Banks, Official Says

Israeli Finance Minister Bezalel Smotrich attends an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023. (Reuters)
Israeli Finance Minister Bezalel Smotrich attends an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023. (Reuters)

Israel's finance minister has extended a waiver that allows cooperation between its banking system and Palestinian banks in the occupied West Bank, the minister's spokesperson said on Sunday.

The waiver, which was due to expire at the end of June, allows Israeli banks to process shekel payments for services and salaries tied to the Palestinian Authority. Without it, the Palestinian economy would have taken a hit.

Finance Minister Bezalel Smotrich extended the waiver during a recent cabinet meeting, his spokesperson said.

US Treasury Secretary Janet Yellen has said it was important to keep open the Israeli-Palestinian correspondent banking relationships to allow battered economies in the West Bank and the Gaza Strip to function and help ensure security.

The Palestinian economy relies heavily on this relationship to process transactions made in Israeli shekels.

Some 53 billion shekels ($14 billion)were exchanged at Palestinian banks in 2023, official data show.



Israeli Strike Kills 16 at Gaza School, Military Says It Targeted Gunmen

People gather to search the rubble of a collapsed building in the aftermath of Israeli bombardment at the Jaouni school run by the UN Relief and Works Agency for Palestine Refugees (UNRWA) in Nuseirat in the central Gaza Strip on July 6, 2024 amid the ongoing conflict in the Palestinian territory between Israel and Hamas. (AFP)
People gather to search the rubble of a collapsed building in the aftermath of Israeli bombardment at the Jaouni school run by the UN Relief and Works Agency for Palestine Refugees (UNRWA) in Nuseirat in the central Gaza Strip on July 6, 2024 amid the ongoing conflict in the Palestinian territory between Israel and Hamas. (AFP)
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Israeli Strike Kills 16 at Gaza School, Military Says It Targeted Gunmen

People gather to search the rubble of a collapsed building in the aftermath of Israeli bombardment at the Jaouni school run by the UN Relief and Works Agency for Palestine Refugees (UNRWA) in Nuseirat in the central Gaza Strip on July 6, 2024 amid the ongoing conflict in the Palestinian territory between Israel and Hamas. (AFP)
People gather to search the rubble of a collapsed building in the aftermath of Israeli bombardment at the Jaouni school run by the UN Relief and Works Agency for Palestine Refugees (UNRWA) in Nuseirat in the central Gaza Strip on July 6, 2024 amid the ongoing conflict in the Palestinian territory between Israel and Hamas. (AFP)

At least 16 people were killed in an Israeli strike on a school sheltering displaced Palestinian families in central Gaza on Saturday, the Palestinian health ministry said, in an attack Israel said had targeted militants.

The health ministry said the attack on the school in Al-Nuseirat killed at least 16 people and wounded more than 50.

The Israeli military said it took precautions to minimize risk to civilians before it targeted the gunmen who were using the area as a hideout to plan and carry out attacks against soldiers.

At the scene, Ayman al-Atouneh said he saw children among the dead. "We came here running to see the targeted area, we saw bodies of children, in pieces, this is a playground, there was a trampoline here, there were swing-sets, and vendors," he said.

Mahmoud Basal, spokesman of the Gaza Civil Emergency Service, said in a statement that the number of dead could rise because many of the wounded were in critical condition.

The attack meant no place in the enclave was safe for families who leave their houses to seek shelters, he said.

Al-Nuseirat, one of Gaza Strip's eight historic refugee camps, was the site of stepped-up Israeli bombardment on Saturday. An air strike earlier on a house in the camp killed at least 10 people and wounded many others, according to medics.

In its daily update of people killed in the nearly nine-month-old war, the Gaza health ministry said Israeli military strikes across the enclave killed at least 29 Palestinians in the past 24 hours and wounded 100 others.

Among those killed in separate air strikes on Saturday were five local journalists, raising the toll of journalists killed since Oct. 7 to 158, according to the Hamas-led Gaza government media office.

Gaza health authorities say more than 38,000 Palestinians have been killed in Israel's offensive. The health ministry does not distinguish between combatants and non-combatants but officials say most the dead are civilians.

Israel has lost 323 soldiers in Gaza and says at least a third of the Palestinian dead are fighters.

Israel launched its offensive, aimed at eliminating the armed group Hamas, in response to a Hamas-led assault on Israel on Oct. 7 in which 1,200 people were killed and over 250 taken hostage, according to Israeli tallies.

RAFAH OPERATIONS

Israeli forces, which have deepened their incursions into Rafah, in the south of the enclave near the border with Egypt, killed four Palestinian policemen and wounded eight others, in an air strike on their vehicle on Saturday, health officials said.

A statement issued by the Hamas-run interior ministry said the four included Fares Abdel-Al, the head of the police force in western Rafah neighborhood of Tel Al-Sultan.

The Israeli military said forces continued "intelligence-base operations" in Rafah, destroyed several underground structures, seized weapons and equipment, and killed several Palestinian gunmen.

Israel has said its operations in Rafah aim to eradicate the last Hamas armed wing battalions.

The Israeli military said it eliminated a Hamas rocket cell in Deir Al-Balah in central Gaza that operated from inside a humanitarian-designated area. It said it carried out a precise strike after taking measures to ensure civilians were unharmed.

Hamas denies Israeli accusations that it uses civilian properties and facilities for military purposes.

The armed wings of Hamas and the Islamic Jihad said fighters attacked Israeli forces in several areas of Gaza with anti-tank rockets and mortar bombs.