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.
The Israeli military announced on Sunday that it intercepted a missile launched from Yemen, marking the second such interception in as many days.
The United States, under President Donald Trump’s new administration, has ramped up military strikes on Houthi positions since mid-March © Mena Today
The Israeli military announced on Sunday that it intercepted a missile launched from Yemen, marking the second such interception in as many days.
According to the army, the missile was neutralized before entering Israeli territory following sirens in the Arabah and Dead Sea regions.
The attack was claimed by Yemen’s Iran-backed Houthi rebels, who said they had targeted an air base in Israel’s Negev desert using a "hypersonic missile."
A similar missile was intercepted the day before, aimed at the same base.
Since the start of the Gaza conflict on October 7, 2023, the Houthis have expanded their operations, launching multiple attacks against Israel and targeting commercial ships in the Red Sea.
Although a temporary ceasefire in January 2024 had briefly halted Houthi strikes, hostilities resumed after Israel renewed its offensive in March.
The United States, under President Donald Trump’s new administration, has ramped up military strikes on Houthi positions since mid-March in an effort to curb the group's regional aggression.
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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