Shipments from Egypt are expected to be ramped up to 4,000 tons daily, said Yassir al Shanti, Gaza's deputy minister of housing and public works. He estimated Gaza needs up to 3 million tons of gravel to build roads, and the Qatar-funded projects need more than 1 million tons.Under former President Hosni Mubarak, Egypt had poor relations with Hamas. Egypt's new president, Mohammed Morsi, comes from the Muslim Brotherhood and has vowed not to abandon the Palestinians. But he is moving cautiously, in part to avoid alienating Cairo's biggest patron, the United States.
Israel Eases Ban On Building Materials For Gaza
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts