Netanyahu Says Hamas Finance Chief Muhammad Abu Alwan Killed In Israeli Strike

Israel on Wednesday said its military killed Muhammad Abu Alwan, whom it identified as the head of Hamas’s finance department, in a targeted operation in Khan Younis in southern Gaza. Prime Minister Benjamin Netanyahu and Defence Minister Israel Katz said the strike targeted Hamas’s financial network and vowed to continue operations against the group.

Katz praised the IDF and Shin Bet for what he described as a precise operation, saying Israel would continue pursuing Hamas commanders and operatives, targeting its sources of funding and dismantling its infrastructure.

“We will not allow Hamas to rebuild its strength, and we will not stop until there is no Hamas in Gaza,” Katz said, according to Israeli media.

Gaza medics said the strike also killed another person and wounded two others. The circumstances surrounding the additional casualties were not immediately clear.

The Israeli announcement came as US President Donald Trump’s Board of Peace prepared to unveil a major Gaza recovery programme. According to Axios, the six-month plan is valued at $2.45 billion and includes 66 projects covering temporary housing, rubble and unexploded ordnance removal, hospital repairs, economic recovery and the deployment of a multinational security force.

The proposal also calls for repairs to Gaza’s border crossings, electricity and water networks, as well as the deployment of 25,000 portable solar power kits. It includes plans to permanently fill tunnels beneath areas identified for priority reconstruction.

Around $1 billion of the proposed spending is earmarked for infrastructure, including about $400 million for temporary shelters, $275 million for rubble and unexploded ordnance clearance and $50 million for hospital rehabilitation. Security-related projects account for roughly $885 million, including support for an International Stabilization Force and Palestinian police.

The plan estimates that the war has caused around $35.2 billion in physical damage across Gaza, while full recovery and reconstruction could cost approximately $71.4 billion over the next decade. However, the Board of Peace and Palestinian technocratic government have not yet secured the full $2.45 billion required for the initial programme.

The recovery effort also faces political hurdles, with Axios reporting that its implementation depends on cooperation between Israel and Hamas, including progress on Hamas disarmament and a proposed ceasefire framework.