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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 June 21, 2025

    Featured image for article about Headlines

    ANKARA (Reuters) -The United Nations' Palestinian refugee agency UNRWA will open an office in Ankara, President Tayyip Erdogan said on Saturday, urging Muslim countries to give the agency more support after Israel banned it.

    Israel last year banned UNRWA, saying it had employed members of Palestinian militant group Hamas who took part in the October 2023 attacks on Israel that triggered the Gaza war.

    Turkey has called Israel's assault on Gaza genocide and its move to ban UNRWA a violation of international law, particularly amid worsening humanitarian conditions in Gaza, which has been reduced to rubble with millions displaced.

    Addressing foreign ministers of the Organisation of Islamic Cooperation in Istanbul, Erdogan said opening an Ankara UNRWA office would deepen Turkey's support for the agency.

    "We must not allow UNRWA, which plays an irreplaceable role in terms of taking care of Palestinian refugees, to be paralysed by Israel. We expect our organisation and each member state to provide financial and moral support to UNRWA to thwart Israel's games," Erdogan said.

    A Turkish diplomatic source said Foreign Minister Hakan Fidan and UNRWA chief Philippe Lazzarini were expected to sign an accord on the sidelines of the OIC meeting in Istanbul on establishing the office.

    Turkey has given UNRWA $10 million a year between 2023 and 2025. In 2024, it also transferred $2 million and sent another $3 million from its AFAD disaster management authority.

    Israel has handed responsibility for distributing much of the aid it lets into Gaza to a new U.S.-backed group, the Gaza Humanitarian Foundation, which operates three sites in areas guarded by Israeli troops. The U.N. has rejected the GHF operation saying its distribution work is inadequate, dangerous and violates humanitarian impartiality principles.

    Previously, aid to Gaza's 2.3 million residents had been distributed mainly by U.N. agencies such as UNRWA with thousands of staff at hundreds of sites across the enclave.

    (Reporting by Tuvan Gumrukcu; Editing by Hugh Lawson)

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