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 said it failed to intercept a missile from Yemen early on Saturday that fell in the Tel Aviv-Jaffa area, and the ambulance service said 14 people received mild injuries.
Israeli emergency services work at the scene of a missile strike that, according to Israel’s military, was launched from Yemen and landed in Jaffa, south of Tel Aviv, Israel, December 21, 2024. Reuters/ Stoyan Nenov
The Israeli military said it failed to intercept a missile from Yemen early on Saturday that fell in the Tel Aviv-Jaffa area, and the ambulance service said 14 people received mild injuries.
A spokesperson for the Iran-aligned Houthis said they had hit a "military target" in the Jaffa area with a ballistic missile.
Paramedics were treating 14 people with minor shrapnel injuries and some were taken to hospital, the ambulance service said in a statement.
The Israeli police reported receiving reports of a fallen missile in a town in the Tel Aviv area.
The Houthis have repeatedly fired drones and missiles towards Israel in what they describe as acts of solidarity with Palestinians in Gaza.
On Thursday, Israel launched strikes against ports and energy infrastructure in Houthi-held parts of Yemen and threatened more attacks against the Yemeni group.
Reporting by Jaidaa Taha
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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