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.
Saudi Arabia officially condemned Friday’s deadly Israeli strikes on Iran, describing them as "blatant aggression" against a “brotherly nation,” according to a statement by the Kingdom’s Foreign Ministry.
Saudi Arabia officially condemned Friday’s deadly Israeli strikes on Iran, describing them as "blatant aggression" against a “brotherly nation,” according to a statement by the Kingdom’s Foreign Ministry.
"The Kingdom expresses its strong condemnation and denunciation of the blatant Israeli aggressions against the Islamic Republic of Iran, a brotherly country, which violate its sovereignty and security, and constitute a clear breach of international laws and norms," the statement read.
While the language was aligned with diplomatic protocol and regional expectations, analysts suggest that behind closed doors, Riyadh views the Israeli strikes quite differently.
Saudi officials reportedly see the overnight Israeli air raids as a strategic correction delivered to a long-time rival. Despite recent efforts to thaw relations, Saudi Arabia continues to consider Iran a regional threat — particularly over its nuclear ambitions and its role in supporting proxy militias across the Middle East.
For Crown Prince Mohammed bin Salman, Israel’s bold military response may be perceived as a containment of Iranian influence — a move that aligns, albeit unofficially, with Saudi strategic interests.
Though Riyadh has not publicly endorsed the strikes, its silence beyond the initial condemnation could speak volumes about the deeper geopolitical calculations at play in the Gulf.
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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