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 is attacking Houthi targets in Yemen's Hodeidah port, Israeli Defence Minister Israel Katz said in a statement on Monday.
Hodeidah, Yemen © Mena Today
The Israeli military is attacking Houthi targets in Yemen's Hodeidah port, Israeli Defence Minister Israel Katz said in a statement on Monday.
Katz said the army is "forcefully countering any attempt to restore the terror infrastructure previously attacked".
Since Israel's war in Gaza against the Palestinian militant group Hamas began in October 2023, the Iran-aligned Houthis have been attacking vessels in the Red Sea in what they say are acts of solidarity with the Palestinians.
Israel has responded by launching attacks on Houthis, who control the most populous part of Yemen, including the vital Hodeidah port.
"As I have made clear – Yemen's fate is the same as Tehran’s. The Houthis will pay a heavy price for launching missiles toward the State of Israel," Katz said.
Reporting by Jana Choukeir
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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