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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 July 6, 2025

    Featured image for article about Headlines

    By Alexander Cornwell

    JERUSALEM (Reuters) -Israel's far-right Finance Minister Bezalel Smotrich sharply criticised on Sunday a cabinet decision to allow some aid into Gaza as a "grave mistake" that he said would benefit the militant Palestinian group Hamas.

    Smotrich also accused Prime Minister Benjamin Netanyahu of failing to ensure that Israel's military is following government directives in prosecuting the war against Hamas in Gaza. He said he was considering his "next steps" but stopped short of explicitly threatening to quit the coalition.

    Smotrich's comments come a day before Netanyahu is due to hold talks in Washington with President Donald Trump on a U.S.-backed proposal for a 60-day Gaza ceasefire.

    "... the cabinet and the Prime Minister made a grave mistake yesterday in approving the entry of aid through a route that also benefits Hamas," Smotrich said on X, arguing that the aid would ultimately reach the Islamist group and serve as "logistical support for the enemy during wartime".

    The Israeli government has not announced any changes to its aid policy in Gaza. Israeli media reported that the government had voted to allow additional aid to enter northern Gaza.

    The prime minister's office did not immediately respond to a Reuters request for comment. The military declined to comment.

    Israel accuses Hamas of stealing aid for its own fighters or to sell to finance its operations, an accusation Hamas denies. Gaza is in the grip of a humanitarian catastrophe, with conditions threatening to push nearly a half a million people into famine within months, according to U.N. estimates.

    Israel in May partially lifted a nearly three-month blockade on aid. Two Israeli officials said on June 27 the government had temporarily stopped aid from entering north Gaza.

    PRESSURE

    Public pressure in Israel is mounting on Netanyahu to secure a permanent ceasefire, a move opposed by some hardline members of his right-wing coalition. An Israeli team left for Qatar on Sunday for talks on a possible Gaza hostage and ceasefire deal.

    Smotrich, who in January threatened to withdraw his Religious Zionism party from the government if Israel agreed to a complete end to the war before having achieved its objectives, did not mention the ceasefire in his criticism of Netanyahu.

    The right-wing coalition holds a slim parliamentary majority, although some opposition lawmakers have offered to support the government from collapsing if a ceasefire is agreed.

    The war erupted when Hamas attacked southern Israel in October 2023, killing around 1,200 people and taking 251 hostages. Israel's retaliatory war in Gaza has killed over 57,000 Palestinians, according to the enclave's health ministry.

    Most of Gaza’s population has been displaced by the war, a humanitarian crisis has unfolded, and much of the territory lies in ruins.

    (Reporting by Alexander CornwellEditing by Gareth Jones)

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