Israel wants GCC countries to fund Gaza’s reconstruction after war

Israel will look to “tap” the UAE and other regional neighbors to rebuild Gaza after the end of its war in Gaza,Israel’s Economy and Industry Minister Nir Barkat told Bloomberg. Barkat said it is likely that Israel will ask the UAE to fund reconstruction efforts in the war-torn strip at the end of the conflict, while Bloomberg notes that Gulf leaders have previously said financing efforts would rely on a two-state solution.

Executive chairman of Dubai-based Wamda Capital, Fadi Ghandour, gives his view on the Qatari Investment Authority’s USD 1 bn investment into venture capital funds in the region in an interview with CNBC, stating that sovereign wealth funds are “going to be the market makers”.