The Gaza war raging between Israel and Hamas could deal a heavy blow to the global economy, banking titans told a glitzy investment forum in Saudi Arabia on Tuesday.
More than 5,700 Palestinians have been killed across the Gaza Strip in retaliatory Israeli bombardments, the territory’s Hamas-run health ministry said. The war risks drawing in other countries, notably Lebanon, home to the Iran-backed Hezbollah militant group which has engaged in daily exchanges of fire with Israeli forces.
The conflict 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 remake the oil-reliant Saudi economy. Riyadh has condemned violence against civilians in Gaza and affirmed its support for the Palestinian cause.
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