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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 28, 2025

    Featured image for article about Headlines

    By John Geddie

    TOKYO (Reuters) -The head of the U.N. agency for Palestinian refugees said on Wednesday Israel's model for providing aid to Gaza was wasteful and a "distraction from atrocities", criticising a chaotic distribution by a U.S.-backed foundation this week.

    On Tuesday, thousands of Palestinians rushed an aid distribution site set up in the Israeli-held southern Gaza city of Rafah operated by the Gaza Humanitarian Foundation (GHF), with desperation for food overcoming wariness about biometric and other checks Israel said it would employ.

    "The model of aid distribution proposed by Israel does not align with core humanitarian principles," UNRWA Commissioner-General Philippe Lazzarini told reporters at the Japan National Press Club in Tokyo.

    "We have seen yesterday the shocking images of hungry people pushing against fences, desperate for food. It was chaotic, undignified and unsafe," Lazzarini said.

    "I believe it is a waste of resources and a distraction from atrocities," he added, referring to civilian deaths during Israel's air and ground war in the small coastal enclave.

    Israel says its military operations target only Hamas-led militants and accuses them of using civilians for cover, which they deny.

    As a trickle of aid has resumed, Israeli forces - now in control of wide areas of Gaza - have kept up their offensive, killing 3,901 Palestinians since a short ceasefire collapsed in mid-March, according to the Gaza Health Ministry.

    The GHF, backed by Israel and its close ally, the United States, said it had distributed about 8,000 food boxes, equivalent to 462,000 meals, since Israel eased an 11-week-old blockade of the war-shattered Palestinian enclave last week.

    The United Nations and other international aid groups have boycotted the foundation, which they say undermines the principle that humanitarian aid should be distributed independently of the parties to a conflict, based on need.

    U.S. State Department spokesperson Tammy Bruce dismissed criticism of the aid program as "complaints about style".

    Israel says one advantage of the new aid system is the opportunity to screen recipients at designated sites to exclude anyone found to be connected with Hamas. Israel, at war with Hamas since October 2023, accuses Hamas of stealing supplies and using them to entrench its position. Hamas denies this.

    (Reporting by John Geddie; editing by Tom Hogue and Mark Heinrich)

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