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Gaza loses $3 billion since start of Israel offensive

July 22, 2014 12:52 A.M. (Updated: July 22, 2014 12:52 A.M.)
GAZA CITY (Ma'an) -- The Gaza strip has sustained damages of roughly $3 billion since the start of the Israeli offensive, minister of national economy Mohammad Mustafa estimated Monday.

Mustafa said in a statement that the role of his ministry has doubled in light of the continuous Israeli offensive and targeting of houses, farms, and economic, social and health facilities.

Mustafa added that the ministry was cooperating with the private sector to provide Palestinians in Gaza with urgent needs, mainly medical supplies, but they are also administering relief campaigns.

Mustafa said that initial loss estimates were approximately $3 billion, which is more than the $1.8 billion GDP in Gaza Strip.
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