The war between Israel and Hamas could deal a 'serious' blow to global economic development, the president of the World Bank told an investor conference.
RIYADH, Saudi Arabia - The war between Israel and Hamas could deal a "serious" blow to global economic development, the president of the World Bank told an investor conference in Saudi Arabia on Tuesday.
The militants also took 222 people hostage, among them elderly people and young children, according to the Israeli authorities' latest count.Watch more News on iWantTFC More than 5,000 Palestinians, mainly civilians, have been killed across the Gaza Strip in retaliatory Israeli bombardments, according to the latest toll from the Hamas health ministry in Gaza.
The shocking violence in Israel and Gaza stands in stark contrast to the vision of a more stable and prosperous Middle East championed by Saudi Arabia, which this year rebuilt ties with Iran and was in talks towards recognizing Israel before the fighting broke out. The war comes halfway through the Vision 2030 reform agenda championed by the kingdom's de facto ruler, Crown Prince Mohammed bin Salman, which is intended to transition the world's biggest crude oil exporter away from fossil fuels.
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