Israeli Strike on Tent Camp in Gaza Humanitarian Zone Kills at Least 40 People

10 September 2024, Palestinian Territories, Al-Mawasi: Palestinians search for missing people under the rubble after Israeli attacks hit the Al-Mawasi area near Khan Younis. Photo: Saher Alghorra/ZUMA Press Wire/dpa
10 September 2024, Palestinian Territories, Al-Mawasi: Palestinians search for missing people under the rubble after Israeli attacks hit the Al-Mawasi area near Khan Younis. Photo: Saher Alghorra/ZUMA Press Wire/dpa
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Israeli Strike on Tent Camp in Gaza Humanitarian Zone Kills at Least 40 People

10 September 2024, Palestinian Territories, Al-Mawasi: Palestinians search for missing people under the rubble after Israeli attacks hit the Al-Mawasi area near Khan Younis. Photo: Saher Alghorra/ZUMA Press Wire/dpa
10 September 2024, Palestinian Territories, Al-Mawasi: Palestinians search for missing people under the rubble after Israeli attacks hit the Al-Mawasi area near Khan Younis. Photo: Saher Alghorra/ZUMA Press Wire/dpa

An Israeli strike on a crowded tent camp housing Palestinians displaced by the war in Gaza killed at least 40 people and wounded 60 others early Tuesday, Palestinian officials said.

The Civil Defense said it had recovered 40 bodies from the strike in a designated humanitarian zone known as Mawasi and was still looking for people. It said entire families had been killed as they huddled in tents.

An Associated Press cameraman saw three large craters at the scene, where first responders and displaced people were sifting through the sand and rubble with garden tools and their bare hands by the light of mobile phones after the predawn strike.

The Nasser Hospital in Khan Younis, one of three hospitals to receive casualties, said around two dozen bodies had been brought in from the strike.

The Israeli military said it had struck Hamas militants who were operating in a command-and-control center. It said its forces had used precise munitions, aerial surveillance and other means to avoid civilian casualties.

Hamas released a statement denying any militants were in the area.

Aid groups have struggled to provide even basic services in Mawasi, and Israel has occasionally struck targets there despite designating it as a humanitarian zone.
Gaza’s Health Ministry says over 40,000 Palestinians have been killed in Gaza since the war began.



Iraq Faces 2025 Fiscal Squeeze Amid Oil Price Decline, Adviser to PM Says 

A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)
A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)
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Iraq Faces 2025 Fiscal Squeeze Amid Oil Price Decline, Adviser to PM Says 

A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)
A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. (Reuters)

Iraq faces a budget crunch in 2025 due to the slump in the price of oil, the overwhelming source of government revenue, a top economic adviser to Prime Minister Mohammed Shia al-Sudani said.

"We don't anticipate major problems in 2024, but we need stricter financial discipline for 2025," Mudher Saleh told Reuters in an interview late on Monday.

Iraq, OPEC's second-largest producer, is heavily dependent on oil revenues. The hydrocarbons sector accounts for the vast majority of export earnings and some 90% of state revenue.

This huge reliance on oil makes Iraq particularly vulnerable to fluctuations in global crude prices.

Still, Iraq increased its budget in 2024 even after record spending in 2023, when more than half a million additional employees were hired into the already-bloated public sector and a capital-intensive nationwide infrastructure revamp began.

The 2024 budget rose to 211 trillion dinars ($161 billion) from 199 trillion dinars ($153 billion) in 2023, maintaining a projected deficit of 64 trillion dinars, Saleh said.

The budget assumes an oil price of $70 per barrel in 2024, around $6 less than the likely average price this year.

Saleh said that paying salaries and pensions on time remain a top priority. They account for 90 trillion dinars ($69 billion), or over 40% of the budget, and are a key factor of social stability in Iraq.

"The government will pay salaries even if it costs everything. Salaries are holy in Iraq," he said.

Infrastructure development, meanwhile, could be refocused on the most strategic projects - such as key road and bridge works in the capital Baghdad - if the state finds itself in a financial crunch, he said.

To bolster finances, Iraq is focusing on increasing non-oil revenues through improved tax collection but is not exploring any new levies, Saleh said.

He estimated that Iraq loses up to $10 billion annually due to tax evasion and customs-related problems.

Concerns for the 2025 budget reflect a challenging global oil market. Oil prices have been on a downward trend since mid-2022, with Brent crude, the international benchmark, falling from over $120 per barrel to below $75 in recent days.

This decline is largely attributed to weakening global demand, particularly from China, the world's largest oil importer, as its economic growth slows down.