'Financial sustainability': Hamas profits in resistance to Israel

PARISE:

Hamas has been the target of a relentless Israeli attack in Gaza, but thanks to persistent and diverse financial capabilities, it is expected to have a substantial military fund to draw on for a prolonged conflict. Jessica Davis, president of Insight Threat Intelligence, a Canadian-based group, said that "Hamas is financially sound." "Over the last decade, if not longer, they have built a resilient financial network," she said, explaining that the group has established investments and sources of income in many countries without being disrupted. These sources include "small businesses and real estate" in countries such as Turkey, Sudan and Algeria, it added. Hamas also relies on an informal network of donations.

. According to Yitzhak Gal, an Israeli expert on the Palestinian economy, the group has become "very good at developing and operating a very sophisticated system of money exchange," describing that exchanges run through Turkey, the UAE, Europe and the United States. The number of donors has not necessarily decreased since Oct.

As Israeli Prime Minister Benjamin Netanyahu is sworn in to destroy the Palestinian Islamic movement Hamas, which is behind the deadliest attack in the country's history on Oct. 7.

. According to Israel, the terrorists killed 1,139 people, mostly civilians, and took some 250 hostages, of whom 129 are still being held captive in Gaza. Over the past two months, Israeli bombings in the Gaza Strip have killed 18,800 people, mostly women and children, according to authorities in the Hamas-occupied Palestinian Authority.