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Europe Grants Nine Million Euro to Palestinian Industrial Zones

Vendors wait of customers in Gaza on Wednesday. (AFP)
Vendors wait of customers in Gaza on Wednesday. (AFP)
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Europe Grants Nine Million Euro to Palestinian Industrial Zones

Vendors wait of customers in Gaza on Wednesday. (AFP)
Vendors wait of customers in Gaza on Wednesday. (AFP)

Palestinian Prime Minister Mohammad Shtayyeh signed Wednesday a memorandum of understanding (MoU) with the European Union (EU) to support the incentives program of Palestinian industrial cities.

The MoU is worth 9 million euros, including 7 million euros allotted to the Gaza Industrial Estate.

Shtayyeh signed the MoU with Henrike Trautmann, Acting Director of the Southern Neighborhood Directorate at DG NEAR (Directorate-General for Neighborhood and Enlargement Negotiations - European Commission), in Ramallah.

In a statement, the PM said the fund is aimed to support the incentives for investors and companies in the industrial cities and those interested in moving to them, underlining efforts to create job opportunities.

Moreover, up to 2 million euros would go to the Bethlehem Industrial Estate and Jericho Agro-industrial Park.

Shtayyeh extended gratitude to the EU for its unwavering support to Palestine and the industrial zones.

He said this significant MoU is in line with the Palestinian Industrial Estates program and the Palestinian National Development Plan and would help in increasing the GDP, boosting exports, and creating job opportunities.

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Series of Israeli Airstrikes Hit Central Beirut, At Least 1 Building Destroyed

Rescue workers and people search for victims at the site of an Israeli airstrike that hit central Beirut, Lebanon, Saturday, Nov. 23, 2024. (AP Photo/Hassan Ammar)
Rescue workers and people search for victims at the site of an Israeli airstrike that hit central Beirut, Lebanon, Saturday, Nov. 23, 2024. (AP Photo/Hassan Ammar)
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Series of Israeli Airstrikes Hit Central Beirut, At Least 1 Building Destroyed

Rescue workers and people search for victims at the site of an Israeli airstrike that hit central Beirut, Lebanon, Saturday, Nov. 23, 2024. (AP Photo/Hassan Ammar)
Rescue workers and people search for victims at the site of an Israeli airstrike that hit central Beirut, Lebanon, Saturday, Nov. 23, 2024. (AP Photo/Hassan Ammar)

Powerful Israeli airstrikes targeted central Beirut on Saturday, resulting in a large number of fatalities and injuries and destroying an eight-story building, Lebanon's National News Agency reported.

Footage broadcast by TV stations showed at least one destroyed building and several others badly damaged around it in the Basta neighborhood.

Israel used bunker buster bombs in the strike, leaving a deep crater, said NNA. Beirut smelled strongly of explosives hours after the attack.
The blasts shook the capital around 4 a.m.

NNA said at least five bombs were dropped in the attack.
It marked the fourth Israeli airstrike this week targeting a central area of Beirut, where the bulk of Israel's attacks have targeted the Hezbollah-controlled southern suburbs.

On Sunday an Israeli airstrike killed Hezbollah's media relations chief Mohammad Afif in the Ras al-Nabaa district of central Beirut.

The Israeli military did not issue a warning for Basta's residents to evacuate prior to the strike and did not immediately issue a statement on it.

Israel has killed several Hezbollah leaders in airstrikes on Beirut's southern suburbs.

Meanwhile, heavy ground fighting between Israeli forces and Hezbollah militants was ongoing in southern Lebanon as Israeli troops have pushed farther from the border.