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.
FedEx has suspended economy parcel and freight services to Saudi Arabia from select countries effective immediately, the company said on Monday, without giving a reason for the suspension.
FedEx said its priority services remain in place © Mena Today
FedEx has suspended economy parcel and freight services to Saudi Arabia from select countries effective immediately, the company said on Monday, without giving a reason for the suspension.
FedEx said its priority services remain in place.
The parcel-delivery company included Brazil, India, Taiwan, Japan, China and Great Britain on its list of origin countries from where the service has been suspended.
FedEx said it would resume economy services as soon as possible.
Reporting by Aishwarya Jain in Bengaluru and Lisa Baertlein in Los Angeles
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Prince Faisal bin Farhan, Foreign Minister of Saudi Arabia, met on Monday with Sayyid Badr bin Hamad Al-Busaidi, FM of Oman, to review bilateral relations and discuss regional and international developments.
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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