Saturday, May 23
Latest News
  1. Official: Turkey arrests French citizen bound for Syria
  2. Priest 'kidnapped in Homs' region of Syria
  3. Saudi-led coalition pounds Yemen rebels in three cities
  4. Over 55,000 have fled IS-captured Ramadi since mid-May
  5. President: death toll in anti-FARC air strike in Colombia rises to 26
  6. Dutch cabinet backs partial Islamic burqa ban
  7. Iran: Nuclear talks to resume Tuesday in Vienna
  8. UK's Cameron says 'confident' of securing EU reform deal
  9. Huge blasts outside Sanaa after coalition air raids
  10. Monitor: Rebels seize hospital holding 150 Syrian soldiers
  11. Blast hits Shiite mosque in eastern Saudi
  12. US envoy urges Myanmar Rohingya 'citizenship' to end exodus
  13. UN: 300-400 new cholera cases per day among Burundians in Tanzania
  14. Iraq's Sunni tribes feel deserted after Ramadi fall
  15. London cabbie bombmaker 'murdered US soldier in Iraq'
  16. US blacklists Iraqi firm helping Iran buy Airbus planes
  17. Raids hit Yemen rebels, allies ahead of new talks bid
  18. Polls open for Irish referendum on gay marriage
  19. Official: Myanmar navy carries out first rescue of migrant boat
  20. UK PM predicts 'ups and downs' in EU renegotiation bid

Israel says Gaza war cost military $2.5 billion

Sept. 2, 2014 8:59 A.M. (Updated: Sept. 4, 2014 12:44 A.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