World
UN cash app for Gazans exploited by Hamas as terror group steals aid money meant for civilians
Protesters in Gaza target Hamas
For the first time since Hamas seized power 18 years ago, Gazans are speaking out against Hamas at great personal risk, Fox News’ Mike Tobin reports.
United Nations agencies’ monthly cash transfers to Gaza residents are inadvertently strengthening the Hamas terrorist organization, as the group and affiliated traders continue to control the money flow to the enclave, an expert on Hamas’ financial and economic operations said.
“Hamas exploits its role as the de facto ruler of Gaza to extract financial gains from aid money sent by U.N. organizations to civilians via apps still operating in the region,” Eyal Ofer told Fox News Digital.
“The aid system is being manipulated by Hamas and affiliated traders. Hamas does this largely behind the scenes, leveraging their control over large merchants, crime families, and using cash to establish a shadow banking system within Gaza.”
HOW ISRAEL’S WAR AGAINST HAMAS TERRORISTS WILL BE DIFFERENT UNDER TRUMP
Gazans at a bazaar set up to meet their basic needs amidst the rubble in the heavily damaged Jabalia refugee camp in northern Gaza on the 3rd day of Ramadan, after Israel halted humanitarian aid to the Gaza Strip, on March 3, 2025. (Mahmoud Issa/Anadolu via Getty Images))
Each month, international organizations send significant sums into Gaza’s economy. The U.N.’s World Food Programme (WFP) transfers approximately $18.43 million, reaching 82,636 families, with each family receiving an average of $209, according to open-source data. UNICEF’s monthly assistance averages $5 million, helping to reach at least 20,000 families every month.
“I go to the market and meet people whose job is to provide cash in exchange for a fee,” Gaza resident Shahab Yousef told Israel’s news agency TPS-IL. “The fee is 20–30%. If I transfer 1,000 shekels [$271] I get back 700 [$190],” he said. “For big purchases, I pay digitally. But at the market, I need cash, and I lose 30 percent every time.”
Another Gaza resident, Nidal Qawasmeh, expressed similar frustration to TPS-IL. “These people are charging 30 percent just to give you cash. I just want to take care of my family, but everything costs me more because of this. Prices are insane.”
The specific amount received per family every month is around $270 (or 1,000 New Israeli Shekels), which was calculated as 80% of the Survival Minimum Expenditure Basket, UNICEF told Fox News Digital. Smaller organizations like UNFPA and others also contribute, bringing the total to about $39.66 million per month, reaching 60% of Gaza’s households, according to open-source data.
A man holds a wad of Israeli shekels in Gaza. (Majdi Fathi/TPS)
Despite the scale of direct financial aid, which reaches over half of the enclave’s population, Gaza’s severe food insecurity and high inflation (91% and 118%, respectively, as of January 2024) underscore its importance. However, the way this money circulates within Gaza is far more complex. “Hamas controls much of the cash that enters Gaza through various channels,” Ofer told Fox News Digital, “People who receive money via mobile apps must convert it into cash to use in local markets, but this involves hefty fees, with many money changers tied to Hamas or its allies.”
TPS-IL reported that Israel’s Foreign Minister Gideon Sa’ar recently warned that Hamas’s economic strength in Gaza relies on billions of shekels in cash, paid as salaries and quickly reclaimed through taxes on merchants. In a letter to Bank of Israel Governor Prof. Amir Yaron, Sa’ar urged the cancelation of the circulation of 200-shekel bills previously introduced into Gaza, saying that experts believe the move would severely damage Hamas’s financial network. The Bank of Israel rejected the proposal, citing technical reasons and claiming that implementation was not feasible.
Ofer’s research found that the fees can range from 20% to 35%, meaning recipients lose a significant portion of their aid just to access it. “In videos from Gaza, you can see traders refusing to accept app funds and forcing customers to convert them into cash, knowing they will lose at least 20% in the process,” he said.
Peter Gallo, an international lawyer and former Office of Internal Oversight Services (OIOS) investigator at the U.N., told Fox News Digital, “If an investigator in Israel can figure it out, the aid agencies either knew or should have known. Twenty to thirty percent is just ridiculous. That’s extortion. It’s what some have politely described as a ‘revolutionary tax.’ In fairness, the aid agencies might argue they had no alternative, It is the cost of doing business, but it would have been better if they were honest about it from the start.”
HAMAS TERROR GROUP REPORTEDLY BUCKLING UNDER FINANCIAL STRAIN AMID ISRAELI MILITARY GAINS AND GROWING UNREST
Palestinians shop for food and clothes at the local bazaar as daily life continues in the shadow of war in Jabalia, Gaza, on January 15, 2024. (Photo by Mahmoud Shalha/Anadolu via Getty Images) (Photo by Mahmoud Shalha/Anadolu via Getty Images)
A spokesperson for UNICEF told Fox News Digital, “UNICEF is aware of the cash liquidity crisis in Gaza and the continuous shortage of hard cash, which is a direct consequence of the banking system’s inability to function amid the ongoing conflict.
“Since May 2024, UNICEF has introduced fully digital cash payments via e-wallets, which do not require hard cash at any point. By using e-wallets, recipients of humanitarian digital cash transfers can purchase goods such as food, hygiene items and medicine without ever handling physical money,” the spokesperson said.
“The use of digital e-wallets can be accessed through an app and works on the most basic smartphones. When implemented, these digital cash payments via e-wallets eliminate the need for cash conversion and, consequently, the payment of any fees. The UNICEF humanitarian digital cash program adheres to the highest standards of neutrality and impartiality. No external party, actor, or agency—not even the beneficiaries themselves—has any role or influence in the design or implementation of the program, including the composition of the beneficiary list, payment schedule, frequency and amounts.”
World Food Programme (WFP) aid at the Erez west crossing on the Israel-Gaza border. (IDF spokesman)
The spokesperson claimed: “More than 1.8 million people—close to the entire population of Gaza—are grappling with extreme food insecurity, with at least half of them being children. . . . Acute malnutrition among children is rising at alarming rates. The UNICEF humanitarian cash transfer program is, simply put, keeping children alive in the midst of a war not of their making by providing them with access to essential items for their survival. UNICEF’s monthly budget for humanitarian cash transfers in Gaza averages USD 5 million to support approximately 20,000 families. We estimate that these parameters are too small to significantly impact the local economy.”
The World Food Programme didn’t respond to multiple requests for comment.
In a statement to Fox News Digital, Israel’s Ambassador to the United Nations, Danny Danon, said, “This is yet another example of Hamas showing a complete disregard for the people of Gaza – and exploiting systems and infrastructure to sustain their murderous terror machine.”
“Turning a blind eye is not acceptable. The U.N. Security Council has been addressing terrorist financing since 2001, yet aid agencies continue to ignore the fact that Hamas is making a profit off this money flow, despite international efforts to stop terrorist financing,” Gallo said.
World
Patriots rookie RB Tre’Veyon Henderson sidelined against Ravens with head injury
BALTIMORE (AP) — New England running back Tre’Veyon Henderson left Sunday night’s game at Baltimore in the second quarter with a head injury.
Henderson was slow getting up after a carry in Baltimore territory. He was able to walk off the field, but then headed to the tunnel a short time later. He was later ruled out.
Henderson entered the game with 773 yards rushing and is a Rookie of the Year candidate after teaming up with Drake Maye to help the Patriots close in on a playoff berth. He had touchdown runs of 52 and 65 yards in last week’s loss to Buffalo.
He had just 3 yards on five carries before exiting against Baltimore.
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AP NFL: https://apnews.com/hub/nfl
World
Iran executes man convicted of spying for Israeli intelligence
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Iranian officials executed a man over the weekend who was convicted of spying for Israel’s intelligence arm and its army, according to state media.
The man was Aghil Keshavarz, who was put to death on Saturday, state media reported.
Keshavarz, 27, had “close intelligence cooperation” with the Mossad — the national intelligence agency for Israel — and captured photos of Iranian military and security areas, according to state media.
IRAN’S EXECUTION RATE TOPS 1,000 THIS YEAR AS DEATH ROW INMATES LAUNCH HUNGER STRIKE
Iran executed Aghil Keshavarz, 27, after he was convicted of spying for Israel’s Mossad intelligence agency. (Getty Images)
Keshavarz was arrested in May while taking pictures of a military headquarters in the city of Urmia, located about 371 miles northwest of Iran’s capital of Tehran.
He was accused of engaging in more than 200 similar assignments for the Mossad in various Iranian cities, including Tehran.
Keshavarz was tried and sentenced to death in connection with the spying accusations. The country’s Supreme Court later upheld the sentence, according to state media.
Smoke rises from the building of Iran’s state-run television after an Israeli strike in Tehran, Iran, on June 16, 2025. (AP Photo)
Iran has executed 11 people for espionage since a 12-day air conflict in June that was kicked off by Israel, killing roughly 1,100 people in Iran, including military commanders and nuclear scientists. Iran countered with a missile barrage that killed 28 people in the Jewish State.
In October, Iran executed an unknown person convicted of spying for Israel’s intelligence agency in the city of Qom.
IRAN HANGS A MAN CONVICTED OF SPYING FOR ISRAEL
A police officer stands guard as demonstrators wave flags and cheer during a gathering following the announcement of a ceasefire between Israel and Iran, on June 24, 2025, in Tehran, Iran. (Majid Saeedi/Getty Images)
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Various others have been executed in Iran in recent years before the June conflict on allegations of spying for the Mossad, including multiple earlier this year.
Iran routinely conducts closed-door trials of people accused of espionage, with the suspects often unable to access the evidence prosecutors used against them in their case.
The Associated Press contributed to this report.
World
EU plans to raise €90 billion in joint debt for Ukraine — here’s how
Reparations loan is out, joint debt is in. That is the agreement that the 27 leaders of the European Union reached at their make-or-break summit this week.
With the reparations loan ruled out for good, the bloc turns to common borrowing to raise €90 billion to meet Ukraine’s budgetary and military needs for the next two years.
It is a simpler, faster and more predictable solution compared to the high-risk scheme of using the immbolised Russian assets. But joint debt is expensive, and immediately so.
Here’s what you need to know about the plan.
Back to the markets
Since neither the EU nor its member states have €90 billion at their disposal at the moment, the European Commission will go to the markets and raise the money from scratch by issuing a mix of short-term and long-term bonds.
The €90 billion will be gradually dolled out to ensure a steady flow of assistance to Ukraine, which needs a fresh tranche as early as April. The country will be able to use the funds for both military and budgetary purposes for greater flexibility.
In the meantime, the EU budget will absorb the interest rates to spare Ukraine, already heavily indebted, from any additional burden. The Commission estimates that, under current rates, the interest payments will amount to €3 billion per year. This means the next EU budget (2028-2034) will have to make space for about €20 billion.
Member states will share the interest according to their economic weight. Germany, France, Italy, Spain and Poland will carry the highest costs.
According to Commission officials, the €90 billion will not count towards domestic levels of debt because the issuance will be done exclusively at the EU level.
Forever roll-over
Under a non-recourse loan agreement, Ukraine will be asked to pay back the €90 billion only after Russia ceases its war of aggression and agrees to pay war reparations.
Given that Moscow has emphatically ruled out the possibility of any compensation, the Commission is already prepared to roll out the liability over time so that Ukraine does not have to pay out of pocket, which will be painful after suffering so much devastation.
“The assumption is, today it’s a non-recourse loan to Ukraine that is only paid back when reparations are there, and therefore this debt is going to be rolled over up until then,” a senior Commission official explained.
But will the roll-over continue for eternity?
That seems unlikely. At some point in the future, the EU will have to settle the fate of the €90 billion to stop paying interest rates. The go-to method will be the EU budget, which will act as the ultimate guarantor to ensure investors are always paid back.
The three opt-outs
The reason why joint debt for Ukraine is now possible is that, as first reported by Euronews during the summit, Hungary, Slovakia and the Czech Republic agreed to refrain from vetoing in exchange for being exempted.
This is key because under current rules, the EU budget cannot be used to raise money for a non-EU country. Any changes to that effect will require unanimous approval.
Hungary, Slovakia and the Czech Republic will commit to that unanimity. In return, the bloc will activate the so-called “enhanced cooperation” mechanism to spare them from any costs and responsibilities associated with the €90 billion.
The other 24 countries will take over their share of the interest. But the change will be minimal because the three opt-outs only amount to 3.64% of the bloc’s GNI.
The exemption will also be institutional. Once the budget rules are amended and the “enhanced cooperation” is triggered, the three countries will lose their voting rights to approve the regulation that will establish the new assistance programme.
In practice, they will be strictly removed from the initiative.
Strings attached
The Commission intends to recycle the now-discarded proposal of the reparations loan to set up the €90 billion common borrowing.
As a result, Ukraine will be subject to the same conditions to receive the funds.
One of them is a “no rollback” clause that will link the aid to the anti-corruption measures that Kyiv must implement to advance in its EU accession bid. The country was recently shaken by a corruption scandal in the energy sector that precipitated numerous resignations, including that of Andriy Yermak, President Zelenskyy’s chief of staff.
If Kyiv takes a step back on the fight against corruption, as it briefly did in the summer when it undermined the independence of two anti-corruption agencies and prompted widespread protests, payments will be suspended.
There will also be safeguards to strengthen oversight on how Ukraine allocates defence contracts, which have been a source of controversy in the past.
Additionally, there will be “Made In Europe” criteria to ensure the €90 billion fosters Ukraine’s and Europe’s domestic defence industries. Only when the equipment is not readily available on the continent will purchases outside Europe be allowed.
Assets still on the table
Resorting to joint debt means the cash balances from the Russian assets will not be touched, as was originally planned in the reparations loan.
However, in their conclusions, EU leaders say they reserve “the right” to tap the assets, or at least try, sometime in the future, as a way to repay the €90 billion borrowing.
“For me, it’s very difficult and very premature today to say how this will be translated in actual terms,” a senior Commission official said when asked about the meaning.
“I think the message is pretty political, which is to say that the option to use the cash balance assets of the Russian Central Bank is not off the table.”
The addition of the assets into the final wording is considered a way to placate those countries that were most vocally supportive of the reparations loan, particularly Germany, and had publicly ruled out the idea of common borrowing.
President Zelenskyy hailed the decision as an “important victory” for his country.
“Without these funds, it would be very difficult for us. In any case, this is tied to Russian reparations,” he said. “For us, this is a reinforcement. It is a signal to the Russians that there is no point for them to continue the war because we have financial support, and therefore, we will not collapse on the front line. We will support our army and our people.”
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