Gaza under siege: Business owners face jail time as economy crumbles

    Mohamed Abu Beid, a clothing supplier, says that 2017 was one of his worst business years. After losing more than one million dollars, he is drowning in debt. Abu Beid, 49, has been importing men’s and women’s clothing from China and distributing it in Gaza’s three main open-air markets for around 20 years.
     
    With delays in shipments due to the Israeli blockade and the Palestinian Authority’s decision to slash the salaries of public employees in Gaza by 30 percent, Gaza’s struggling economy deteriorated and buying power dropped rapidly. Abu Beid’s once-stable business became a financial strain. “People have not had money to buy new clothes since 2017,” Abu Beid told Middle East Eye.
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