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 it had intercepted a missile launched from Yemen before it could penetrate Israeli airspace. The attack was later claimed by Iranian-backed Houthi rebels.
The operation aimed at the Orot Rabin power plant, located south of Haifa © Google
The Israeli military announced on Sunday it had intercepted a missile launched from Yemen before it could penetrate Israeli airspace. The attack was later claimed by Iranian-backed Houthi rebels.
"Following alert sirens that sounded in Talmei Elazar (northern Israel), a missile launched from Yemen was intercepted before entering Israeli territory," the Israeli Defense Forces (IDF) stated in a message on Telegram.
The interception marked a significant escalation, as the missile reportedly targeted critical infrastructure within Israel.
Hours after the incident, Yemeni Houthi rebels took responsibility for the missile launch. According to Yahya Saree, the military spokesperson for the Houthis, the operation aimed at the Orot Rabin power plant, located south of Haifa in northern Israel.
The missile used in the attack was described as a "hypersonic ballistic missile," according to Saree.
The Houthis declared the strike part of their broader military objectives against Israel, accusing the state of actions harmful to Yemen and the region.
The U.S.-led coalition carried out three strikes on Houthi targets east of the Yemeni city of Saada, according to local and Saudi Arabian outlets.
By Antoine Khoury
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
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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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