Gaza Strip conceived partly as an Arab League attempt to limit the influence of Transjordan in Palestine. The All-Palestine Government was quickly recognized by six of the then seven members of the Arab League: Egypt, Syria, Lebanon, Iraq, Saudi Arabia, and Yemen, but not by Transjordan. It was not recognized by any country outside the Arab League. After the cessation of hostilities, the Israel–Egypt Armistice Agreement of 24 February 1949 established the separation line between Egyptian and Israeli forces, and established what became the present boundary between the Gaza Strip and Israel. Both sides declared that the boundary was not an international
Gaza Strip withdrawal. In 2005, after the Israeli withdrawal from the Gaza Strip, Gaza businessmen envisaged a "magnificent future". $1.1 million was invested in an upscale restaurant, Roots, and plans were made to turn one of the Israeli settlements into a family resort. The European Union states: "Gaza has experienced continuous economic decline since the imposition of a closure policy by Israel in 2007. This has had serious social and humanitarian consequences for many of its 1.7 million inhabitants. The situation has deteriorated further in recent months as a result of the geo-political changes which took place in the region during the