In West Bank, Israeli Army Operation Batters War-Depleted Economy

Israeli army vehicles drive along a damaged road near the main entrance to Jenin refugee camp during an ongoing Israeli military operation in the West Bank city of Jenin, 05 February 2025. (EPA)
Israeli army vehicles drive along a damaged road near the main entrance to Jenin refugee camp during an ongoing Israeli military operation in the West Bank city of Jenin, 05 February 2025. (EPA)
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In West Bank, Israeli Army Operation Batters War-Depleted Economy

Israeli army vehicles drive along a damaged road near the main entrance to Jenin refugee camp during an ongoing Israeli military operation in the West Bank city of Jenin, 05 February 2025. (EPA)
Israeli army vehicles drive along a damaged road near the main entrance to Jenin refugee camp during an ongoing Israeli military operation in the West Bank city of Jenin, 05 February 2025. (EPA)

When a ceasefire began in Gaza last month, Palestinian activist Ahmad Kilani hoped the pause in fighting would also bring a return to peace in his hometown of Yabad in the occupied West Bank.

But his joy turned to fear when, just two days later on Jan. 21, large columns of Israeli army vehicles backed by helicopters and drones stormed the nearby Jenin refugee camp at the start of a major crackdown in the West Bank.

Israel has since blown up some 20 buildings in the camp, sending plumes of heavy smoke over the densely populated area, and carried out air strikes.

It says it is targeting armed groups that receive support from Iran, including Hamas and Islamic Jihad.

The United Nations' Palestinian relief agency (UNRWA) has said that almost all of Jenin camp's 20,000 residents have been displaced over the past two months.

UNRWA said the area "has been rendered a ghost town" in a statement carried by Reuters.

The Israeli military set up roadblocks and checkpoints across the kidney-shaped stretch of land about 100 km (62 miles) long, and dozens of people were killed or injured in fighting.

"After the ceasefire in Gaza, the war here expanded," Kilani, a member of the Committee for Humanitarian Work in Palestine, an aid group active in the West Bank and Gaza, told the Thomson Reuters Foundation.

"We saw destruction that we did not anticipate seeing. Even though we heard about it, we did not expect it to happen so quickly and in this way."

Since that incursion, hundreds of Israeli troops backed by helicopters, drones and armored vehicles have been waging sporadic gun battles with Palestinian fighters while carrying out searches in streets and alleyways for weapons and equipment.

At least 25 Palestinians have been killed, including nine members of armed groups, a 73-year-old man and a 2-year-old girl, according to Palestinian officials. The Israeli military says it has killed at least 35 gunmen and detained more than 100 wanted people.

Israeli roadblocks have made travelling even short distances between towns and villages into an hours-long trial for Palestinians.

"Nothing can describe the situation we are living in, and every day is worse than the day before. If we discuss something now, it would be worse in a couple of hours," Kilani said.

Relatively well-off friends who once raced to dish out alms and aid are now themselves on the lookout for charity, he said. People have locked themselves indoors to avoid the incessant security operations and Israeli checkpoints, he added.

"Sometimes I scream at myself - what are we headed towards?"

ECONOMIC FREE FALL

The war in Gaza - where more than 47,000 people have been killed and almost the entire population of 2.3 million displaced in a landscape reduced to rubble by Israeli air strikes - was already taking a heavy toll on the occupied West Bank's economy.

The conflict started on Oct. 7, 2023 when Hamas-led fighters attacked southern Israel, killing about 1,200 people and seizing 250 hostages, according to Israeli tallies.

Hundreds of people have been killed in the West Bank since the start of the war in Gaza. Many of the dead were gunmen, but young people throwing stones and civilians were also killed, and thousands have been arrested.

Palestinian attacks in the West Bank and Israel have also killed dozens of Israelis. On Tuesday, two Israeli soldiers were killed and eight wounded when a gunman opened fire on troops in the area, setting off a gunfight in which the shooter was killed by Israeli soldiers, the Israeli military said.

Economic activity in the occupied West Bank fell by 23% in first half of 2024, the World Bank said in a report in December.

Unemployment stands at about 35% as Palestinian laborers have been banned from travelling to work in Israel since October 2023.

Before then, about 177,000 Palestinians worked in Israel. By the second quarter of 2024, the number had dropped to 27,000, the World Bank said.

Many of the Palestinians employed by the Israeli economy work in settlements in the West Bank, according to the International Labour Organization (ILO).

"The conflict's impact has now exceeded all previous economic crises in the Palestinian territories over the past two decades," the World Bank report noted.

Economic contraction in the occupied West Bank is estimated to have more than doubled the short-term poverty rate from 12% in 2023 to 28% by mid-2024, the ILO said last year.

In August, Israeli banks began refusing shekel cash transfers from Palestinian banks in the West Bank, a move that Palestinian officials said could soon prevent Palestinians from accessing vital goods and services.

Olive oil bandits have also appeared as desperate people steal olives from groves with the intent of pressing them into oil and selling them on the black market, Kilani said.

"This wasn't something that existed before," he said.

He described a society coming apart at the seams.

"It is not that one school is closed; it is that schools have been closed for a year; health (clinics) are closed, and people cannot get their medicine," Kilani said.

"Companies are closing, banks are closing, and people cannot get to their lands to plant them."

NO WORK

Israel has occupied the West Bank of the Jordan River, which Palestinians want as the core of an independent state, since the 1967 Middle East war.

It has built Jewish settlements there that most countries deem illegal. Israel disputes this and cites historical and Biblical ties to the land.

The United Nations Human Rights office says the new Israeli military operation in the West Bank could endanger the Gaza ceasefire and has called for an immediate end to the violence and a halt on expanding settlements.

As economic prospects disappear, residents like Robeen Idris are becoming increasingly desperate.

The 45-year-old lives in Hebron in the southern West Bank with his wife, seven children and parents. His mother has cancer, and his dad wears a pacemaker.

"There is no work because the roads are closed, and the situation is difficult," he said. "I cannot spend money to buy them food, water, and medicine."

Idris has been unemployed since August 2023. Before then, he worked in sanitation in Israeli hotels. Now those jobs are out of reach, and he has developed diabetes, which he blames on stress.

Economic conditions are forcing business and factory owners to cut their workforce, often replacing laborers like himself with their own family members, he added.

"There is no need for them to employ strangers," he said.



Macron Arrives in Kenya Ahead of Africa Summit

French President Emmanuel Macron (L) shakes hands with Kenyan President William Ruto (R) during a reception at State House ahead of the Africa Forward: Africa- France Partnerships for Innovation and Growth Summit in Nairobi, on May 10, 2026. (AFP)
French President Emmanuel Macron (L) shakes hands with Kenyan President William Ruto (R) during a reception at State House ahead of the Africa Forward: Africa- France Partnerships for Innovation and Growth Summit in Nairobi, on May 10, 2026. (AFP)
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Macron Arrives in Kenya Ahead of Africa Summit

French President Emmanuel Macron (L) shakes hands with Kenyan President William Ruto (R) during a reception at State House ahead of the Africa Forward: Africa- France Partnerships for Innovation and Growth Summit in Nairobi, on May 10, 2026. (AFP)
French President Emmanuel Macron (L) shakes hands with Kenyan President William Ruto (R) during a reception at State House ahead of the Africa Forward: Africa- France Partnerships for Innovation and Growth Summit in Nairobi, on May 10, 2026. (AFP)

President Emmanuel Macron on Sunday met with his Kenyan counterpart William Ruto in Nairobi as part of an African visit aimed at renewing France's engagement with the continent after years of strained ties with former colonies.

Macron is to co-host a two-day summit starting on Monday, bringing together African leaders and business executives, as he seeks to cement his legacy one year before the end of his term.

The meeting will focus on economic development and cross-border investment, among other themes, the French presidency said, stressing that it will be the first such forum held in an English-speaking country.

Macron hopes to highlight France's renewed relationship with the continent as a "report card on his Africa policy", said one diplomat.

Anti-French sentiment runs high in some former African colonies as the continent becomes a renewed diplomatic battleground, with Russian and Chinese influence growing.

Once master of vast expanses of northern, central and western Africa, France has played a crucial role in the continent's post-colonial history, repeatedly intervening militarily since the early 1960s.

France has vowed to abandon the so-called "Francafrique" strategy, under which Paris sought to keep francophone Africa under its thumb through political collusion, exclusive access for French businesses and oblique financial deals, including graft.

Macron arrived in English-speaking Kenya from Egypt and is also due to travel to Ethiopia as part of his Africa tour.


China, US to Hold Trade Talks in South Korea Next Week

 Treasury Secretary Scott Bessent listens as President Donald Trump speaks at a charter school in The Villages, Fla., Friday, May 1, 2026. (AP)
Treasury Secretary Scott Bessent listens as President Donald Trump speaks at a charter school in The Villages, Fla., Friday, May 1, 2026. (AP)
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China, US to Hold Trade Talks in South Korea Next Week

 Treasury Secretary Scott Bessent listens as President Donald Trump speaks at a charter school in The Villages, Fla., Friday, May 1, 2026. (AP)
Treasury Secretary Scott Bessent listens as President Donald Trump speaks at a charter school in The Villages, Fla., Friday, May 1, 2026. (AP)

Senior Chinese and US officials will hold talks in South Korea next week, Beijing's commerce ministry and Washington's Treasury secretary said Sunday, ahead of an expected summit between leaders Xi Jinping and Donald Trump.

The Chinese commerce ministry said in a statement that Vice Premier He Lifeng, Beijing's top economic official, will attend "consultations on mutual economic and trade issues" on Tuesday and Wednesday.

US Treasury Secretary Scott Bessent said in a post on X: "On Wednesday, I will stop in Seoul for a discussion with Vice Premier He Lifeng of China, before continuing on to Beijing for the Leaders' Summit between President Trump and President Xi."

Trump is set to visit China for a high-stakes summit with Xi, with the two leaders expected to focus on easing tensions over trade and Taiwan, with the war in the Middle East looming large over talks.

While Washington and Beijing slapped tit-for-tat tariffs on each other's exports a year ago, Trump and Xi agreed on a year-long trade truce at their October meeting in South Korea.


Aramco CEO Warns 1 Billion Barrels Lost Will Slow Oil Market Recovery

President and CEO of Saudi's Aramco, Amin Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. (Reuters)
President and CEO of Saudi's Aramco, Amin Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. (Reuters)
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Aramco CEO Warns 1 Billion Barrels Lost Will Slow Oil Market Recovery

President and CEO of Saudi's Aramco, Amin Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. (Reuters)
President and CEO of Saudi's Aramco, Amin Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. (Reuters)

The world has lost about 1 billion barrels of oil over the past two months and energy markets will take time to stabilize even if ‌flows resume, ‌Saudi Aramco’s CEO said on ‌Sunday, ⁠as shipping disruptions ⁠choke traffic through the Strait of Hormuz.

"Our objective is simple: keep energy flowing, even when the system is under strain," Amin Nasser told Reuters in a statement after Aramco reported a 25% ⁠jump in net profit in ‌its first-quarter.

Global energy supplies ‌have been sharply squeezed by Iran’s blockade of ‌the Strait of Hormuz, which ‌has curtailed shipping and driven prices higher following the US-Israeli war.

"Reopening routes is not the same as normalizing a market that has ‌been deprived of about one billion barrels of oil," Nasser said, ⁠adding ⁠that years of underinvestment have compounded the strain on already-low global inventories.

Aramco has used its East-West Pipeline to bypass Hormuz and transport crude to the Red Sea, an asset Nasser described as a "critical lifeline" to mitigate the global supply crisis.

Despite shifts in shipping routes, Nasser reiterated that Asia remained a key priority for the company and was central to global demand.