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Palestinian Authority considers phasing out shekel as Israeli banks refuse to accept surplus

Palestinian Authority considers phasing out shekel as Israeli banks refuse to accept surplus
A man holds a string necklace carrying gold ornaments over a counter showing a stack of one-hundred Israeli shekel banknotes at a jeweller's shop in Hebron in the occupied West Bank. (AFP)
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Updated 22 June 2025

Palestinian Authority considers phasing out shekel as Israeli banks refuse to accept surplus

Palestinian Authority considers phasing out shekel as Israeli banks refuse to accept surplus
  • Israeli banks’ refusal to accept the transfer of surplus shekels means fewer foreign currencies that are necessary for commerce and business
  • Israel’s finance minister in June ended a waiver that allowed Israeli banks to engage with Palestinian ones without being scrutinized for money laundering and financing extremism

LONDON: The Palestinian Authority is considering replacing the Israeli shekel as the primary currency in circulation due to its increasing accumulation in the banks.

The Palestine Monetary Authority announced on Sunday that it has taken significant steps to address the growing accumulation of shekels in Palestinian banks after Israeli banks’ continuing refusal to accept the transfer of surplus shekels in exchange for foreign currencies necessary for commerce and business.

The PMA is considering alternative options, including a shift away from using the shekel as the primary currency in circulation, the Wafa news agency reported.

In early June, Israeli Finance Minister Bezalel Smotrich ended a waiver that allowed Israeli banks to engage with Palestinian banks without being scrutinized for money laundering and financing extremism.

Smotrich, who has been outspoken about weakening the Palestinian Authority and opposes the establishment of a Palestinian state, made this decision shortly after being sanctioned by the UK and four European countries for inciting violence in the occupied West Bank.

The PMA said it aims to create a more resilient and sustainable digital economy in Palestine and has consulted various economic sectors and the Union of Chambers of Commerce, Industry, and Agriculture before it makes a final decision. Alongside phasing out the Israeli shekel, the PMA studied digital payment strategies to avoid shekel accumulation in Palestinian banks, Wafa reported.


UAE sends ninth humanitarian ship for Gaza

UAE sends ninth humanitarian ship for Gaza
Updated 30 August 2025

UAE sends ninth humanitarian ship for Gaza

UAE sends ninth humanitarian ship for Gaza
  • The ship departed from Khalifa Port in Abu Dhabi and will dock at Egypt’s Al-Arish Port

DUBAI: The UAE has sent its ninth Hamdan humanitarian ship on Saturday to deliver vital supplies for the Palestinians in the Gaza Strip, as part of the country’s continuing ‘Operation Chivalrous Knight 3’ relief campaign.

The ship departed from Khalifa Port in Abu Dhabi and will dock at Egypt’s Al-Arish Port, where its cargo will be unloaded and subsequently delivered for residents in the besieged enclave, state news agency WAM reported.

The ship carries a total of 7,000 tonnes of relief supplies, including 5,000 tonnes of food parcels, 1,900 tonnes of food items to support community kitchens, 100 tonnes of medical tents for healthcare facilities and five fully equipped ambulances, WAM added.

The UAE and Cyprus have earlier engaged in a joint initiative to deliver vital humanitarian aid to Palestinians in Gaza, under the Amalthea Maritime Corridor program established in March 2024, to complement other international efforts to send aid to Gaza by land, air and sea.

The UAE also inaugurated a 7.5-km pipeline that will deliver desalinated water from Emirati desalination plants in Egypt to the Gaza Strip.

The pipeline, built under the UAE’s Operation Chivalrous Knight 3, has a capacity of about 2 million gallons per day, serving about 1 million people.


Red Cross chief says mass evacuation of Gaza City ‘impossible’

Red Cross chief says mass evacuation of Gaza City ‘impossible’
Updated 55 min 15 sec ago

Red Cross chief says mass evacuation of Gaza City ‘impossible’

Red Cross chief says mass evacuation of Gaza City ‘impossible’
  • “It is impossible that a mass evacuation of Gaza City could ever be done in a way that is safe,” the Red Cross says

GENEVA: The head of the international Red Cross on Saturday denounced Israel’s plans for a mass evacuation of Gaza City ahead of a military takeover, insisting there was no way it could be done safely.
“It is impossible that a mass evacuation of Gaza City could ever be done in a way that is safe and dignified under the current conditions,” International Committee of the Red Cross president Mirjana Spoljaric said in a statement.
“Such an evacuation would trigger a massive population movement that no area in the Gaza Strip can absorb, given the widespread destruction of civilian infrastructure and the extreme shortages of food, water, shelter and medical care,” she warned.
Her comments came after Israel’s military on Friday declared Gaza City “a dangerous combat zone,” as it prepared to conquer the occupied Palestinian territory’s largest city after almost two years of war.
The Israeli military did not call for the population to evacuate immediately but the army’s Arabic-language spokesman, Avichay Adraee, said on Wednesday that the city’s evacuation was “inevitable.”
Israel is under mounting pressure at home and abroad to end its devastating offensive in Gaza, where the vast majority of the population has been displaced at least once and the United Nations has declared a famine.
The UN estimates that nearly a million people currently live in Gaza governorate, which includes Gaza City and its surroundings in the north of the territory.
Any evacuation order “would be imposed on civilians who are already traumatized by months of fighting and terrified by what could come next,” Spoljaric said.
“Many are unable to comply with evacuation orders because they are starving, sick, injured or suffering from physical disabilities,” she pointed out, stressing that “all civilians are protected by international humanitarian law (IHL), whether they leave or stay behind, and must be allowed to return home.”
Spoljaric highlighted that “IHL requires that when evacuation orders are issued, Israel must do everything to ensure that civilians have satisfactory conditions of shelter, hygiene, health, safety and nutrition, and that families are not separated.”
“These conditions cannot currently be met in Gaza,” she said.
“This makes any evacuation not only unfeasible but incomprehensible under the present circumstances.”
The ICRC president reiterated the call for an immediate ceasefire, a mass-influx of aid and for Palestinian group Hamas to release its remaining Israeli hostages.
“Any further escalation of the conflict will only lead to more death, destruction and displacement,” she said.


Iran says eight arrested for suspected links to Israel’s Mossad spy agency

Iran says eight arrested for suspected links to Israel’s Mossad spy agency
Updated 30 August 2025

Iran says eight arrested for suspected links to Israel’s Mossad spy agency

Iran says eight arrested for suspected links to Israel’s Mossad spy agency
  • They are accused of having provided the information to the Mossad spy agency during Israel’s air war on Iran in June

Iran’s Revolutionary Guards said on Saturday they had arrested eight people suspected of trying to transmit the coordinates of sensitive sites and details about senior military figures to Israel’s Mossad, Iranian state media reported.

They are accused of having provided the information to the Mossad spy agency during Israel’s air war on Iran in June, when it attacked Iranian nuclear facilities and killed top military commanders as well as civilians in the worst blow to the Islamic Republic since the 1980s war with Iraq.

Iran retaliated with barrages of missiles on Israeli military sites, infrastructure and cities. The United States entered the war on June 22 with strikes on Iranian nuclear facilities.

A Guards statement alleged that the suspects had received specialized training from Mossad via online platforms. It said they were apprehended in northeastern Iran before carrying out their plans, and that materials for making launchers, bombs, explosives and booby traps had been seized.

State media reported earlier this month that Iranian police had arrested as many as 21,000 “suspects” during the 12-day war with Israel, though they did not say what these people had been suspected of doing.

Security forces conducted a campaign of widespread arrests and also stepped up their street presence during the brief war that ended in a US-brokered ceasefire.

Iran has executed at least eight people in recent months, including nuclear scientist Rouzbeh Vadi, hanged on August 9 for passing information to Israel about another scientist killed in Israeli airstrikes.


Istanbul’s ferries, a beloved link between two continents

Istanbul’s ferries, a beloved link between two continents
Updated 30 August 2025

Istanbul’s ferries, a beloved link between two continents

Istanbul’s ferries, a beloved link between two continents
  • Iconic link for countless passengers traveling between Istanbul’s European shores and its Asian side
  • Main operator Sehir Hatlari carries at least 40 million passengers a year

ISTANBUL: For nearly two centuries, the white ferries gliding over the Bosphorus Strait have provided an iconic link for countless passengers traveling between Istanbul’s European shores and its Asian side.
Despite the increasingly congested waters and competition from the Turkish megacity’s bridges and undersea metro line, the ferries remain very popular.
The main operator Sehir Hatlari carries at least 40 million passengers a year.
“Any view of Istanbul must include Maiden’s Tower, a ferry and a seagull,” smiled Adil Bali, a specialist on the history of Istanbul’s ferries, referring to a tiny rocky outcrop at the southern entrance to the Bosphorus.
“It is one of the few cities in the world that can be crossed by sea, so the ferries are indispensable here.”
Their arrival in 1843 transformed the simple fishing villages lining the shores of the Bosphorus into popular holiday destinations where wooden palaces were later built overlooking the water, boosting trade.
Until the first Bosphorus bridge was opened in 1973, the only way to cross between Istanbul’s Asian and European sides was by boat – and today, the experience remains an essential part of the city’s charm.
At the helm of the Pasabahce, the flagship of Sehir Hatlari’s 30 vessels, Captain Ekrem Ozcelik said the waters had become increasingly crowded.
“There’s a lot more traffic on the water,” he said of the tankers, containers and cargo ships that pass through the strait linking the Black Sea to the Aegean via the Sea of Marmara and the Dardanelles.
There are also cruise ships and private yachts navigating what is one of the world’s busiest waterways, where 41,300 vessels passed in 2024, official figures show – an average of 113 per day.
“Navigating the waters of Istanbul requires a certain amount of experience,” Ozcelik said of the strait’s powerful currents, whose waters can get particularly tricky when strong southwesterly winds can whip up three-meter (10-foot) high waves.
Born into a family of sailors and fishermen, Ozcelik said his boyhood dream was to one day don the white cap and uniform of a captain.
Now 52, he enjoys the freedom of sailing and the kudos of his profession.
“Being a captain in the heart of Istanbul is a source of great pride.”
And even more so on the Pasabahce, which recently escaped being decommissioned and instead underwent a two-year restoration, returning to the Bosphorus in 2022 on its 70th birthday.
“It’s harder to maneuver than the others. It’s heavier and turning corners is complicated,” admitted first officer Semih Aksoy, 36.
But he added he wouldn’t change the iconic ferry for the world, with its trademark wooden tables and old-world air of faded luxury.
“This ship has a unique beauty, a special feel to it.”
With its nine-man crew, the Pasabahce mainly sails the 20-minute route between the Asian district of Kadikoy and Besiktas on the European side.
But even that relatively short trip can be tricky, said Burak Temiz, a 24-year-old sailor.
“This summer, people were jumping into the water from Maiden’s Tower for hours.
“And then there are the fishing nets,” he said, adding that the ferry’s bows had even been grazed by jet skis in the crowded waters.
All the other ferries have a six-man crew, and dozens more staff work at the city’s 53 ports, many of whom are known by regulars.
Ibrahim Bayus, a 62-year-old engineer born on Buyukada, the largest of the nearby Princes’ Islands in the Sea of Marmara, recalls the familiarity of the ferries.
“As a boy, I often forgot to bring money but the captain knew me,” he smiled.
With the service only suspended for snow, fog or a violent storm, Captain Ozcelik recalls when three students on Buyukada came to beg for his help.
“Traffic had been suspended but they told me if they couldn’t take their exams, they would fail the entire year. So I took them to Kadikoy. And they all passed,” he smiled.
And they still come to visit him.


Jordanian foreign minister calls for global action over latest Israeli offensive in Gaza

Jordanian foreign minister calls for global action over latest Israeli offensive in Gaza
Updated 30 August 2025

Jordanian foreign minister calls for global action over latest Israeli offensive in Gaza

Jordanian foreign minister calls for global action over latest Israeli offensive in Gaza
  • Ayman Safadi accuses Israeli Prime Minister Behjamin Netanyahu of blocking peace and prolonging war to ensure his own political survival
  • He praises Iceland, Ireland, Luxembourg, Norway, Slovenia and Spain for condemning the offensive and Israel’s plans for a permanent presence in Gaza City

AMMAN: Jordan’s foreign minister on Friday called on the international community to take stronger action against Israel in response to the nation’s latest military offensive in Gaza, warning that continued impunity will only fuel further regional instability.

In a message posted on social media platform X, Ayman Safadi praised his fellow foreign ministers from Iceland, Ireland, Luxembourg, Norway, Slovenia and Spain for their joint condemnation on Friday of the most recent military offensive in Gaza, as well as the announcement by Israeli authorities that they plan to establish a permanent presence in Gaza City.

He urged other countries committed to the principles of international law and human rights to follow suit.

 

 

“The impunity with which Israel is making a mockery of international law cannot continue,” Safadi said, stressing that decisive measures were needed to end the hunger crisis Palestinians in Gaza are faced with amid continuing restrictions on delivery of aid.

He accused Israeli Prime Minister Benjamin Netanyahu, who is embroiled in a long-running court case on charges of corruption, of deliberately prolonging the conflict to ensure his own political survival.

“Netanyahu thrives on conflict,” Safadi said, describing the policies of the Israeli government as serving a “racist, inhumane ideology that the world should not tolerate.”

Safadi said Netanyahu was “destroying Gaza, destroying hopes for a just peace, and setting fire to the entire region” to save his own political career. More than 1.3 million Palestinians have lost their livelihoods as a result of the conflict in the territory, he added, and a million people in Gaza City face famine.

The minister said a ceasefire agreement between Israel and Hamas was within reach but accused Netanyahu of blocking it.

“He prefers the war to continue,” Safadi said. “This is the horrific reality that the international community cannot ignore any more.

“We urge all countries to adopt the position of Iceland, Ireland, Luxembourg, Norway, Slovenia and Spain, and others who are standing on the side of peace and justice, and act now to stop more slaughtering of innocent Palestinians.”