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.
Israeli tanks pushed into southern and eastern districts of the Gazan city of Deir al-Balah for the first time on Monday, an area where Israeli sources said the military believes some of the remaining hostages may be held.
Smoke and flames rise from a residential building hit by an Israeli strike, in Gaza City July 21, 2025. Reuters/Khamis Al-Rifi
Israeli tanks pushed into southern and eastern districts of the Gazan city of Deir al-Balah for the first time on Monday, an area where Israeli sources said the military believes some of the remaining hostages may be held.
The area is packed with Palestinians displaced during more than 21 months of war in Gaza, hundreds of whom fled west or south after Israel issued an evacuation order, saying it sought to destroy Hamas capabilities and infrastructure.
Tank shelling in the area hit houses and mosques, killing at least three Palestinians and wounding several others, local medics said.
To the south in Khan Younis, an Israeli airstrike killed at least five people, including a husband and wife and their two children in a tent, medics said.
Israeli sources have said the reason the army has so far stayed out of the Deir al-Balah districts is because they suspect Hamas might be holding hostages there. At least 20 of the remaining 50 hostages in captivity in Gaza are believed to be still alive.
By Nidal al-Mughrabi
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.
Turkish Foreign Minister Hakan Fidan on Wednesday met with Hamas political bureau officials in Ankara to discuss the ceasefire in Gaza and advancing the agreement to its second phase, a Turkish Foreign Ministry source said.
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.