Israeli officials express uncertainty over funding of new Gaza aid mechanisms
Israeli officials have expressed uncertainty over the funding for the distribution of aid in Gaza through the Gaza Humanitarian Foundation, The Jerusalem Post learned Friday.
Although no information has been released regarding Israel's and possibly the United States' involvement, there has been speculation over direct Israeli involvement in the funding, notably from opposition leaders.
Opposition head MK Yair Lapid questioned the government about the source of funding for two agencies involved during a Knesset plenum debate on Monday.
Yisrael Beytenu chairman Avigdor Liberman claimed that the Mossad and the Defense Ministry are funding the aid distribution in Gaza in a post on X/Twitter on Tuesday.
Lapid questioned whether Israel had secretly financed humanitarian aid to Gaza through two shell companies, GHF and the lesser-known Safe Reach Solutions (SRS), established in Switzerland and the US. According to Lapid, Gulf states were expected to fund the aid but declined, citing concerns about the companies' structure.
Despite this, $100 million appeared in the organizations' budgets, with GHF's former CEO, Jake Wood, claiming the money came from "a country in western Europe," though no nation has acknowledged it. Wood later resigned, saying the aid plan couldn't fully adhere to humanitarian principles.
'If this money is indeed Israeli and the government is concealing it, it would not only be a deception of Israeli citizens—whose taxes fund it—but also one of the greatest diplomatic blunders in the country's history,' Lapid said.
'If our tax money is already purchasing humanitarian aid, funding food and medicine for children in Gaza, then let's at least gain international recognition for it. For once, let's have global headlines highlighting something positive Israel has done in Gaza.'
"Hundreds of millions of dollars at the expense of Israeli citizens," Liberman wrote on X.
Eliav Breur contributed to this report.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Axios
an hour ago
- Axios
Trump doesn't oppose Netanyahu plan for full Gaza occupation: U.S. officials
President Trump does not oppose Israeli Prime Minister Benjamin Netanyahu's plan to launch a new military operation to occupy the entire Gaza Strip, U.S. and Israeli officials say. Why it matters: The Israeli Security Cabinet is expected to approve on Thursday a highly controversial plan to expand the war. According to the sources, Trump has decided not to intervene and to let the Israeli government make its own decisions. The big picture: The new operation to occupy additional areas of central Gaza, including Gaza City, is expected to take at least several months and involve displacing around 1 million Palestinian civilians. The Israel Defense Forces would also be moving into areas where Israel believes hostages are being held, possibly risking their lives. Netanyahu is poised to escalate the war despite massive international pressure to stop the fighting and prioritize the humanitarian crisis in the enclave — and over the objections of his own top generals. What they're saying: Two U.S. officials tell Axios Trump won't intervene in the Israeli decision-making around the new operation. When asked on Tuesday about a possible Israeli full occupation of Gaza, Trump said: "I really can't say. It is going to be pretty much up to Israel." Netanyahu and his aides claim Hamas isn't interested in signing a comprehensive ceasefire and hostage deal on terms Israel can accept, and that only military pressure can change that. "We are not willing to remain in the current limbo and we are not willing to surrender to Hamas' demands — so essentially only one option is left, to take a drastic step. This is the last card we have left," a Netanyahu aide told Axios. Behind the scenes: One U.S. official said Trump was moved by the video released by Hamas of an Israeli hostage digging his own grave. "It influenced the president, and he is going to let the Israelis do what they need to do," the official said. At the same time, the U.S. official said the Trump administration doesn't support Israeli annexation of parts of Gaza — another possibility discussed by Israeli officials. Between the lines: The IDF has been reluctant to attack the areas in Gaza that the new plan focuses on for fear of accidentally killing hostages. According to Israeli officials, IDF Chief of Staff Gen. Eyal Zamir told Netanyahu such a move would endanger the hostages and could lead to Israeli military rule in Gaza with full responsibility over 2 million Palestinians. "You are walking into a trap," Zamir told Netanyahu in a meeting on Tuesday, according to multiple reports in the Israeli press. It appears that Netanyahu was unmoved. Split screen: The White House plans to focus in the coming weeks on addressing the starvation crisis in Gaza, though the expansion of the war would make that more difficult. In a meeting Monday evening at the White House, Trump and special envoy Steve Witkoff discussed plans for the U.S. to significantly increase its role in providing humanitarian aid to Gaza. "The United States remains committed to helping alleviate the situation in Gaza and is supportive of efforts to increase humanitarian aid. However, the United States is not 'taking over' the aid effort," a U.S. official told Axios. What to watch: The Trump administration plans to increase its funding to the Gaza Humanitarian Foundation (GHF) in order to open new aid centers in parts of Gaza to which displaced Palestinians will be relocated, both in north and central Gaza, sources say.


Boston Globe
an hour ago
- Boston Globe
Dozens killed seeking aid in Gaza as Israel weighs further military action
Advertisement Another escalation of the nearly 22-month war could put the lives of countless Palestinians and around 20 living Israeli hostages at risk and would draw fierce opposition both internationally and within Israel. Netanyahu's far-right coalition allies have long called for the war to be expanded and for Israel to eventually take over Gaza, relocate much of its population, and rebuild Jewish settlements there. President Trump, asked by a reporter Tuesday whether he supported the reoccupation of Gaza, said he wasn't aware of the 'suggestion' but that 'it's going to be pretty much up to Israel.' Of the 38 Palestinians killed while seeking aid, at least 28 died in the Morag Corridor, an Israeli military zone in southern Gaza where UN convoys have been repeatedly overwhelmed by looters and desperate crowds in recent days, and where witnesses say Israeli forces have repeatedly opened fire. Advertisement The Israeli military said troops fired warning shots as Palestinians advanced toward them, and that it was not aware of any casualties. Nasser Hospital, which received the bodies, said another four people were killed in the Teina area, on a route leading to a site in southern Gaza run by the Israeli-backed Gaza Humanitarian Foundation, an American contractor. The Al-Awda Hospital said it received the bodies of six people killed near a GHF site in central Gaza. GHF said there were no violent incidents at or near its sites and that the one in central Gaza was not open on Wednesday. It said the violence may have been related to the chaos around UN convoys. Two of the Israeli airstrikes hit Gaza City, in the north of the territory, killing 13 people there, including six children and five women, according to the Al-Ahli Hospital, which received the bodies. The Israeli military says it only targets militants and blames civilian deaths on Hamas because its militants are entrenched in heavily populated areas. Israel facilitated the establishment of four GHF sites in May after blocking the entry of all food, medicine, and other goods for 2 1/2 months. Israeli and US officials said a new system was needed to prevent Hamas from siphoning off humanitarian aid. The United Nations, which has delivered aid to hundreds of distribution points across Gaza throughout the war when conditions allow, has rejected the new system, saying it forces Palestinians to travel long distances and risk their lives for food, and that it allows Israel to control who gets aid, potentially using it to advance plans for further mass displacement. Advertisement The UN human rights office said last week that some 1,400 Palestinians have been killed seeking aid since May, mostly near GHF sites but also along UN convoy routes where trucks have been overwhelmed by crowds. It says nearly all were killed by Israeli fire. This week, a group of UN special rapporteurs and independent human rights experts called for the GHF to be disbanded, saying it is 'an utterly disturbing example of how humanitarian relief can be exploited for covert military and geopolitical agendas in serious breach of international law.' The experts work with the UN but do not represent the world body. The GHF called their statement 'disgraceful' and urged the UN and other aid groups to work with it 'to maximize the amount of aid being securely delivered to the Palestinian people in Gaza.' The Israeli military says it has only fired warning shots when crowds threatened its forces, and GHF says its armed contractors have only used pepper spray and fired into the air on some occasions to prevent deadly crowding at its sites. Israel's air and ground war has destroyed nearly all of Gaza's food production capabilities, leaving its people reliant on international aid. A new report by the UN's Food and Agriculture Organization and the UN satellite center found that just 8.6 percent of Gaza's cropland is still accessible following sweeping Israeli evacuation orders in recent months. Just 1.5 percent is accessible and undamaged, it said. The military offensive and a breakdown in security have made it nearly impossible for anyone to safely deliver aid, and aid groups say recent Israeli measures to facilitate more assistance are far from sufficient. Advertisement Hospitals recorded four more malnutrition-related deaths over the last 24 hours, bringing the total to 193 people, including 96 children, since the war began in October 2023, according to the Gaza Health Ministry. Jordan said Israeli settlers blocked roads and hurled stones at a convoy of four trucks carrying aid bound for Gaza after they drove across the border into the Israeli-occupied West Bank. Israeli far-right activists have repeatedly sought to halt aid from entering Gaza. Jordanian government spokesperson Mohammed al-Momani condemned the attack, which he said had shattered the windshields of the trucks, according to the Jordanian state-run Petra News Agency. The Israeli military said security forces went to the scene to disperse the gathering and accompanied the trucks to their destination.

Yahoo
an hour ago
- Yahoo
Tel Aviv Stock Exchange Ltd (TVAVF) Q2 2025 Earnings Call Highlights: Record Revenue Growth and ...
Release Date: August 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Tel Aviv Stock Exchange Ltd (TVAVF) reported a record quarter with a 29% increase in revenues and a 56% rise in adjusted EBITDA. The equity market cap reached 1.7 trillion shekels, marking a 21% increase from the end of 2024. Equity average daily trading volumes hit a new all-time high with a 40% increase, driven by significant net inflows from foreign investors. The IPO market saw a resurgence with 9 new companies raising over 1.5 billion shekels, nearly doubling the number from 2024. The company is exploring strategic measures for its index business, potentially leading to a partnership or sale to enhance global distribution. Negative Points Expenses increased by 8%, primarily due to higher computer and communication expenses and depreciation. Net financing income decreased due to a reduction in the balance of deposits and exchange rate volatility. The surplus equity and liquidity decreased, partly due to a significant share buyback in the first quarter. There is uncertainty regarding the impact of transitioning to a Monday to Friday trading week on trading volumes. Despite strong growth, the retail segment's participation in the Israeli capital market remains relatively low compared to other leading countries. Q & A Highlights Warning! GuruFocus has detected 8 Warning Sign with TVAVF. Q: Can you provide some background on the decision to explore potential options for the index business, and why now? A: The index business has been growing, and we see significant potential ahead. However, we lack a global distribution platform. Partnering with a global entity could enhance our reach, allowing investors worldwide to access our indices. This exploration could lead to a transaction, strategic collaboration, or even a decision to maintain the status quo. The timing is right due to increased global interest in our indices and the strong economic data from Israel. CEO, Itai Ben Zaev Q: What impact do you anticipate from the transition to a Monday to Friday trading week? A: The transition is now formalized to start on January 5, 2026. This change aligns with global trading practices and could enhance our chances of entering the MSCI Europe index, which would bring significant passive and active inflows. While Sunday has been a good trading day, global investors favor the change, and we expect a positive impact on international flows in the medium to long term. CEO, Itai Ben Zaev Q: Can you discuss the outlook for new listings and capital markets activity in the second half of the year? A: We have a strong pipeline for H2, with more companies understanding the value of going public. Despite a slowdown due to inflation and interest rates, we are seeing increased readiness for IPOs. If conditions remain stable, we expect more quality companies to enter the market. CEO, Itai Ben Zaev Q: How are you managing expenses, particularly in terms of compensation and other line items, for the second half of the year? A: We've reached the cap on variable compensation for employees, and we don't foresee any surprises or changes in our expense management. Overall, we are in a good position moving forward. CFO, Yab Benezra Q: With excess cash and strong organic growth, are there any plans for M&A or other uses of capital? A: We conducted a buyback in January and continue to generate cash. We don't see a need for M&A as we have strong organic growth and all necessary resources in our supply chain. Currently, there are no specific plans for capital utilization, but it's a positive position to be in. CEO, Itai Ben Zaev For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio