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.
An Israeli military strike killed 12 people in a house in Gaza City early on Saturday.
Palestinian women react at the site of an Israeli strike on a house, amid the ongoing conflict between Israel and Hamas, in Gaza City, January 4, 2025. Reuters/Dawoud Abu Alkas
An Israeli military strike killed 12 people in a house in Gaza City early on Saturday.
The house was home to a cell of Hamas and Islamic Jihad.
The military said in a statement on Saturday that its forces had continued their operations this week in Beit Hanoun town in the northern edge of the enclave, where the army has been operating for three months, and had destroyed a military complex that had been used by Hamas.
A surge in Israeli operations and the number of Palestinians killed in recent days comes amid a renewed push to reach a ceasefire in the 15-month-old war and return Israeli hostages before U.S. President-elect Donald Trump takes office on Jan. 20.
Israeli mediators were dispatched to resume talks in Doha brokered by Qatari and Egyptian mediators, and U.S. President Joe Biden's administration, which is helping to broker the talks, urged Hamas on Friday to agree to a deal.
Hamas said it was committed to reaching an agreement but it was unclear how close the two sides were.
By Hassan Kawil
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.
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