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.
Lebanese Prime Minister Nawaf Salam said on Wednesday that a lasting peace with Israel could pave the way to normalising ties with the country and establishing economic ties but that those milestones remained far off given current tensions.
Lebanese Prime Minister Nawaf Salam speaks to journalists at the government headquarters in Beirut, Lebanon, December 3, 2025. Reuters/Mohamed Azakir
Lebanese Prime Minister Nawaf Salam said on Wednesday that a lasting peace with Israel could pave the way to normalising ties with the country and establishing economic ties but that those milestones remained far off given current tensions.
"Economic (talks) will be a part of normalisation, normalisation will follow peace. It cannot precede peace," Salam said, when asked about Israel's statements that it was hoping to build ties and economic cooperation with Lebanon.
"We are far from being there," he told reporters at his office.
Lebanon and Israel have been enemy states for decades. Israel has invaded Lebanon several times in operations against militant groups, most recently in 2024 after nearly a year of exchanging fire with Lebanese armed group Hezbollah.
Israel still holds positions in southern Lebanon and is carrying out airstrikes against what it says are Hezbollah's efforts to re-arm and plan new operations against Israel.
Salam said a November 2024 ceasefire deal would have to be fully implemented before further steps were considered, saying Israel would need to withdraw troops and halt strikes and Hezbollah would need to fully disarm.
Hezbollah has rejected giving up its arsenal in full, but Salam said it had agreed to the ceasefire deal which asserts the state's monopoly on arms.
"Hezbollah must live up to its commitments," he said.
By Maya Gebeily
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.