Israel
Israel’s economy: A Banana Republic run by monopolies
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
U.S. President Joe Biden spoke with the leaders of Qatar and Egypt on Tuesday to discuss efforts to de-escalate tensions in the region and bring a Gaza ceasefire and hostage release deal, the White House said.
U.S. President Joe Biden, Reuters/Evelyn Hockstein
U.S. President Joe Biden spoke with the leaders of Qatar and Egypt on Tuesday to discuss efforts to de-escalate tensions in the region and bring a Gaza ceasefire and hostage release deal, the White House said.
A statement by the Egyptian presidency on the same day said that during the phone call with Biden, Sisi affirmed Cairo’s vision around the “danger of the repercussions caused by the continuation of the war in Gaza and its negative impact on the region’s stability”, adding that reaching a ceasefire deal is considered the basis for restoring calm and stability in the region.
The two leaders also agreed to continue working on reaching a ceasefire deal and implement a two-state solution, the Egyptian statement added.
Egypt, Qatar and the U.S. have continued to mediate between Israel and Hamas to end the war in Gaza.
Reporting by Trevor Hunnicutt and Jaidaa Taha
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Israeli Prime Minister Benjamin Netanyahu accused Hamas on Wednesday of violating the Gaza ceasefire agreement after a military officer was wounded by an explosive device in Rafah and Israel vowed retaliation.
Israeli Defence Minister Israel Katz said on Tuesday that the military would never fully withdraw from the Gaza Strip for security reasons and that a civilian-military army unit would be established in the Palestinian enclave.
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