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Tunnels’ economy in Gaza



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October 11,2009

Gaza tunnels prove to be a bad investment


imageHamas government offers Strip's residents, who invested their money in smuggling tunnels later destroyed in Israeli airstrikes, a partial repayment of 16.5% on the dollar The Hamas government is offering Gaza residents, who invested their money in tunnels later ... [full story]



October 11,2009

Going under in the Gaza Strip


imageBlockaded, impoverished and ever open to Israeli attack, the Gaza Strip has little to offer investors on the surface of things.Which is largely why, by the end of 2008, an estimated 4,000 Palestinians decided to bury their money, financing the ... [full story]



October 11,2009

Hamas Finds Gaza Tunnels’ $500 Million Loss Worse Than Madoff


imageInvestment opportunities are rare in the Gaza Strip. So when Nabila Ghabin saw one last year, she pawned her car and jewelry and put $12,000 into a network of tunnels that brought in supplies smuggled from Egypt. She was one ... [full story]




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