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    MarketForces Africa » MarketForces News » Israel Requests $10bn in Emergency Assistance from U.S

    Israel Requests $10bn in Emergency Assistance from U.S

    Julius AlagbeBy Julius AlagbeOctober 17, 2023 News No Comments2 Mins Read
    Israel Requests $10bn in Emergency Assistance from U.S
    Joe Biden, U.S President
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    Israel Requests $10bn in Emergency Assistance from U.S

    Israel has asked the United States (U.S.) for $10 billion in emergency aid amid the escalation of the Palestinian-Israeli conflict, the New York Times newspaper reported.

    The White House is reportedly preparing an assistance package for Israel, which also contains aid to Ukraine, funding to reinforce the U.S.-Mexico border, and aid to Taiwan, the newspaper said late on Monday night.

    On Sunday, U.S. Secretary of State Antony Blinken said that Washington was considering Israel’s requests for additional military aid to conduct its operation in the Gaza Strip.

    On Tuesday, White House National Security Council spokesperson John Kirby said that U.S. President Joe Biden during his visit to Israel scheduled for Oct. 18 would get an update from Israeli officials about their strategy against Hamas in Gaza, including the pace of their military operations.

    Last week, a U.S. official told Sputnik that Washington had not made a decision on whether it would tie in assistance for Ukraine and Taiwan in a supplemental funding request it was preparing to submit to Congress seeking additional aid for Israel.

    U.S. Army Secretary Christine Wormuth said the U.S. military would need additional support from Congress to be able to provide security assistance to Ukraine and Israel simultaneously.

    On Oct. 7, Palestinian group Hamas launched a surprise attack on Israel, prompting retaliatory strikes on the Gaza Strip. The conflict has left thousands of people dead and injured on both sides. Naira Devaluation Deepens Economic Crisis in Nigeria

    Israel Nigeria
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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