Tuesday, June 30
Latest News
  1. Kerry says 'too soon' to tell if Iran deal sealed
  2. Bomb targets Egypt state prosecutor convoy in Cairo
  3. UAE woman 'sentenced to death for killing US teacher'
  4. Tunisia to boost security, arm tourist police after attack
  5. Family pleads for American's release on margins of Iran talks
  6. Iran judiciary chief undercuts president over concerts
  7. Monitor: Syria rebel attack on Damascus kills 4
  8. Libya rivals closer to deal after first face-to-face meet
  9. Solar Impulse takes off on delayed Pacific flight
  10. Tsipras announces temporarily bank closure, capital controls
  11. EU: All sides showing 'political will' for Iran deal
  12. Rockets from Yemen kill Saudi border guard
  13. Iraq announces arrest of senior Saddam-era official
  14. Report: Australian IS fighter 'still alive' after drone strike
  15. Kuwait Shiite mosque bomber was Saudi national
  16. Media: Iran FM returning to Tehran from nuclear talks
  17. Tunisia to ramp up security after beach attack
  18. Britain says no Iran deal 'better than a bad deal'
  19. Varoufakis says 'Merkel holds key' to Greek crisis
  20. PM: Iraq forces made 'unauthorized' withdrawal from Ramadi

Israel says Gaza war cost military $2.5 billion

Sept. 2, 2014 8:59 P.M. (Updated: Sept. 4, 2014 12:44 P.M.)
JERUSALEM (AFP) -- Israeli Defense Minister Moshe Yaalon said on Tuesday that the direct cost of the 50-day military offensive in the Gaza Strip was more than $2.5 billion.

"The expenditure on Operation Protective Edge -- military expenditure, the direct expenditure -- is more than nine billion shekels," Yaalon told an economic conference in Tel Aviv.

"We attacked over 6,000 targets, more than 5,000 of them by the air force, about 900 from land and sea," he said referring to tank, artillery and naval fire.

But, he acknowledged that Palestinian factions in Gaza still had a sizable arsenal left.

"The terror organizations in the Gaza Strip -- Hamas Islamic Jihad and others -- had 10,000 rounds at the beginning of Operation Protective Edge," said Yaalon.

"Today they have about a fifth of that but that's still 2,000 rounds," he said, adding that every interception of an incoming rocket by Israel's Iron Dome missile defense system cost $100,000.

"From the economic point of view it's worth it, weighed against the potential damage" of a rocket strike, he said. "But it's still $100,00 for every interception."

The military says that Iron Dome brought down 600 rockets during the campaign.

The Israeli government on Sunday approved budget cuts to help pay for the campaign in Gaza.

Ministers voted to cut two percent from the 2014 budget of every government ministry -- other than defense -- to raise about two billion shekels.

More than 2,100 Palestinians were killed in Israel's bombardment of Gaza, nearly 70 percent of them civilians, according to the United Nations.

Sixty-six Israeli soldiers were killed, as well as six civilians on the Israeli side, including a Thai worker and a four-year-old boy.
Powered By: HTD Technologies
Ma'an News Agency
All rights reserved © 2005-2015