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.
Israel's military said it intercepted two missiles launched from Yemen and that sirens had sounded twice across the country including in Jerusalem and the West Bank on Friday, as the Iran-aligned Houthis stepped up attacks.
Houthi Military Spokesperson Yahya Saree said the group launched a ballistic missile towards Israel's Ben Gurion Airport and two drones towards the Tel Aviv area © Mena Today
Israel's military said it intercepted two missiles launched from Yemen and that sirens had sounded twice across the country including in Jerusalem and the West Bank on Friday, as the Iran-aligned Houthis stepped up attacks.
Houthi Military Spokesperson Yahya Saree said the group launched a ballistic missile towards Israel's Ben Gurion Airport and two drones towards the Tel Aviv area.
Undeterred by Israeli strikes on Yemen, the Houthis said they would continue to fire at Israel even though they have agreed to a ceasefire with the United States to halt attacks on U.S. ships in the Red Sea.
Israel has carried out retaliatory strikes including one on May 6 that damaged Yemen's main airport in Sanaa, and another last week targeting the Red Sea ports of Hodeidah and Salif.
Since the start of the war between Israel and Hamas in Gaza in October 2023, the Houthis have launched dozens of missile and drone attacks targeting Israel, most of which have been intercepted or have fallen short.
The group says it is acting in support of Gaza's Palestinians.
Reporting by Hatem Maher
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.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.