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Palestinian Cable Factory Destroyed by Israeli Forces
Israeli forces exploded a Palestinian cable factory Saturday morning in the eastern part of Gaza City, Palestinian security sources have confirmed.
Witnesses said the explosion, carried out by Israeli forces at dawn, caused huge noise that could be heard from far away.
Israeli tanks had shelled the cable factory Friday afternoon, setting it ablaze and causing severe damage. The dawn strike has completely destroyed the Palestinian factory.
The Palestinian economy has been deteriorating because of the continued Israeli attacks on its industrial enterprises, alongside the ongoing Israeli blockade on the Palestinian territories.
The situation can be more devastating as more than 90 percent of raw materials for Palestinian factories are imported through Israeli ports, enabling Israeli authorities to put restrictions on clearing the imported goods.
The Palestinian industrial sector is estimated to have suffered a daily loss of 770 million U.S. dollars between late last September and July 13 this year.
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