Gazan youth practice military drills at a Hamas summer camp. Photo: Hamas.
Algemeiner: Hamas’ Funding Sources Are Drying Up
Hamas in Gaza is facing an acute financial crisis, as its overseas cash sources are drying up. This is forcing the Islamist regime and its armed terrorist wing, the Izzadin Al-Qassam Brigades, to resort to increasingly desperate measures, such as using international aid organizations to funnel cash away from Gazan civilians.
Hamas’ dire financial situation has multiple causes. First, Egypt has effectively blocked off many smuggling tunnels linking Gaza to Sinai, which were previously used to transfer money into Gaza from Hamas donors.
Additionally, Hamas finds itself without a clear international backer these days. Not only is Egypt decidedly hostile under the rule of President Sisi, but relations between Hamas are Iran are unstable — rising and falling periodically due to disagreements over conflict raging in Syria.
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WNU Editor: This is interesting .... it looks like the Israelis are giving them a financial lifeline .... Israel Comes to the Aid of the Faltering Palestinian Economy (WSJ).