عOmar Shaban IsmailPolitical Economy · Palestine

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Gaza tunnels prove to be a bad investment

Ynetnews · 2009-10-09

Reporting that the Hamas government offered Gazans who had put money into smuggling tunnels – later destroyed in Israeli air strikes – a repayment of only 16.5% of their investment, the article quotes Omar Shaban, director of the Gaza economic research institute Pal-Think. Comparing the scale of Gaza’s dependence on the tunnels with the US economy, he says: “I assure you that our scandal is much worse than Madoff.”

Reporting that the Hamas government offered Gazans who had put money into smuggling tunnels – later destroyed in Israeli air strikes – a repayment of only 16.5% of their investment, the article quotes Omar Shaban, director of the Gaza economic research institute Pal-Think. Comparing the scale of Ga…

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