Voicing grave concern over the escalating conflict in the Middle East, two senior United Nations and World Bank officials in the region today called for the protection of civilians on both sides and urged Israel to lift the closure of the Palestinian territory, which they said had endangered the people's livelihoods and engendered a sense of hopelessness and desperation.
In stark contrast to the obvious direct economic impact of the closure of two Palestinian towns on the daily life of people, the longer term effects of the Israeli-imposed blockade are only now starting to emerge, according to the findings of a UN-commissioned survey released today.
Last month's terrorist attacks against the United States will have far-reaching economic effects, further slowing a world economy already growing at its lowest rate in a decade, according to a report released today by the United Nations.
Unprecedented restrictions on the flow of goods, labour and financial resources have taken a mounting toll on the Palestinian economy, according to a new report by the Geneva-based United Nations Conference on Trade and Development (UNCTAD).
The United Nations Conference on Trade and Development (UNCTAD) warned today of an impending recession in three major economies - the United States, Europe and Japan - following the recent terror attacks against the US.