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. Secretary of State Antony Blinken said on Friday that he met with officials from Arab states and discussed the future of the Gaza Strip, as Israel resumed its assault after a week-long truce with Palestinian Hamas militants broke down.
U.S. Secretary of State Antony Blinken © Reuters
U.S. Secretary of State Antony Blinken said on Friday that he met with officials from Arab states and discussed the future of the Gaza Strip, as Israel resumed its assault after a week-long truce with Palestinian Hamas militants broke down.
Before boarding a plane at the end of his third trip to the region since Oct. 7, when Hamas militants attacked Israel, killed more than 1,200 people and took 240 hostages, Blinken said the talks on Friday focused on the current situation in Gaza, the day after the conflict, and how to create a "durable, lasting and secure peace."
A senior State Department official said Blinken met foreign ministers from Qatar, the United Arab Emirates, Egypt, Jordan and Bahrain, alongside representatives of the Palestinian Authority, on the sidelines of the COP28 UN climate conference in Dubai.
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.
Turkish Foreign Minister Hakan Fidan on Wednesday met with Hamas political bureau officials in Ankara to discuss the ceasefire in Gaza and advancing the agreement to its second phase, a Turkish Foreign Ministry source said.
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