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.
French shipping group CMA CGM said on Saturday it was pausing all container shipments through the Red Sea in the wake of attacks on commercial vessels in the region.
Portrait of Rodolphe Saade, chairman of CMA CGM marine logistic company © Mena Today
French shipping group CMA CGM said on Saturday it was pausing all container shipments through the Red Sea in the wake of attacks on commercial vessels in the region.
"The situation is further deteriorating and concern of safety is increasing," the Marseille-based group said in a statement.
"As such we have decided to instruct all CMA CGM container ships in the area that are scheduled to pass through the Red Sea to reach safe areas and pause their journey in safe waters with immediate effect until further notice."
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Two vessels from CMA CGM, the world's third-largest container shipping line, have travelled through the Suez Canal, the authority that runs the waterway said on Tuesday, in a sign the disruptions linked to the Gaza war could be easing.
Israeli high-tech companies raised $15.6 billion in private funding in 2025, up sharply from $12.2 billion in 2024, according to preliminary data released on Monday by Startup Nation Central (SNC).
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