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Thursday, 24 February 2011

Israel - Palestinian Tensions Increase

In response to Palestinian rocket attacks on the Israeli city of Beersheba, the Israeli air force launched a bombing raid into Palestinian territory. 

Commenting on the Palestinian attacks Israel says "it holds Hamas responsible for all attacks emanating from Gaza".

The events of the last 24hours have taken a sizeable effect on the benchmark stock exchange in Tel Aviv, with the TA-25 index seeing a 2% decline intra-day. It eventually closed down 1.7%, down 5% for the week.


Also overnight, additional skirmishes took place with the Abu Mustafa brigades saying its fighters launched three mortar shells towards the Nahal Oz military base and a further two towards Israeli infrastructure east of al-Zaitoun according to Maan news agency. 

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