Sunday, October 22nd | 2 Heshvan 5778

Close

Be in the know!

Get our exclusive daily news briefing.

Subscribe
October 28, 2013 4:27 pm

Hamas Loses $230 Million a Month Due to Tunnel Closure

avatar by JNS.org

Email a copy of "Hamas Loses $230 Million a Month Due to Tunnel Closure" to a friend

An IDF soldier pictured in 2006 at a tunnel uncovered during an Israeli counter-terrorism operation designated to thwart weapons smuggling from Egypt to Gaza through the Philadelphia Route, in southern Gaza. Photo: Israeli Defense Forces.

JNS.org – Egypt’s closure of smuggling tunnels between Gaza and the Sinai Peninsula is costing Hamas $230 million in lost revenue a month, according to a senior official in the terrorist organization.

The “closure of the tunnels caused heavy losses to the industry, commerce, agriculture, transport and construction sectors of around $230 million monthly,” said Hatem Oweida, Hamas’ deputy economic minister, AFP reported.

Related coverage

October 22, 2017 12:00 pm
0

Israel Condemns ‘Severe Terrorist Attack’ That Killed 16 Egyptian Policemen

JNS.org - Israel condemned on Saturday night a terror attack in Egypt’s Giza province that killed at least 16 Egyptian policemen, in...

Since taking control of Gaza in 2007, Hamas has used the smuggling tunnels to transfer economic goods, as well as weapons and rockets, into the territory. Hamas also generates a lot of revenue by taxing goods that pass through the tunnels.

However, Egypt’s military backed government has accused Hamas of supporting terrorists in the Sinai and has launched a campaign to destroy the tunnels. Last month, Egypt said it shut down more than 130 tunnels between Gaza and Egypt’s Sinai Peninsula.

Meanwhile, Israel recently uncovered a massive tunnel stretching from southern Gaza to Israel’s Eshkol region. Israel fears that other tunnels could exist and be used to kidnap soldiers or carry out terrorist attacks inside of Israel.

Share this Story: Share On Facebook Share On Twitter Email This Article

Let your voice be heard!

Join the Algemeiner
  • Lynne T

    Hamas’s revenue losses are not due to the tunnel closures, but due to the violent pursuit of its primary cause: extending an Islamist caliphate in accordance with the ideology of the Muslim Brotherhood’s founders, in both Egypt Israel and territory currrently administered by Fatah from their base in Gaza.

  • carl

    How sad… fewer resources to divert to the terror industry.

Algemeiner.com