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.
Iran's missile production has not been disrupted following Israeli air strikes on the Islamic Republic on Oct. 26, Defence Minister Aziz Nasirzadeh was quoted as saying on Wednesday by state media.
An anti-Israel billboard is displayed on a building in Tehran, Iran, October 2, 2024. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
Iran's missile production has not been disrupted following Israeli air strikes on the Islamic Republic on Oct. 26, Defence Minister Aziz Nasirzadeh was quoted as saying on Wednesday by state media.
On Monday, Israel's Defence Minister Yoav Gallant congratulated Israeli pilots for damaging Iran's production capabilities in airstrikes meant to respond to Iran's Oct. 1 missile barrage against Israel.
"Their supplies are now set, and this affects their calculus. Both their attack and defensive capabilities have been weakened," Gallant said.
Two American researchers told Reuters last week that Israeli air strikes hit buildings that Iran used for mixing solid fuel for ballistic missiles and that this "may have significantly hampered Iran's ability to mass produce missiles".
"The enemy has sought to hurt both our defensive and offensive systems but was not very successful because we had made arrangements and were in the know," Iran's defence minister said on Wednesday.
"The (production) knowledge is indigenous, so there is no disruption in the manufacturing process of missiles," Nasirzadeh said, also implying that a defence system may have been damaged in the attack as he said it was "replaced the day after".
Iranian state media also reported on Tuesday that Nasirzadeh said the country was still able "to carry a dozen more missile barrages" against Israel as seen on Oct. 1 and April 13.
Reporting by Dubai Newsroom
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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