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 Prime Minister Benjamin Netanyahu prepared to leave Israel on Sunday for a meeting with U.S. President Donald Trump, looking to strengthen ties with Washington after tensions with the previous White House administration over the war in Gaza.
Prime Minister Benjamin Netanyahu before his departure for an official visit to Washington © Avi Ohayon/ PMO
Israeli Prime Minister Benjamin Netanyahu prepared to leave Israel on Sunday for a meeting with U.S. President Donald Trump, looking to strengthen ties with Washington after tensions with the previous White House administration over the war in Gaza.
Netanyahu, the first foreign leader to visit Trump since his inauguration last month, leaves with the ceasefire in Gaza still holding and negotiations aimed at a second phase expected to begin this week.
"The decisions we made in the war have already changed the face of the Middle East," he said at the airport before his departure.
"Our decisions and the courage of our soldiers have redrawn the map. But I believe that working closely with President Trump, we can redraw it even further and for the better."
Netanyahu, who faces an arrest warrant from the International Criminal Court over allegations of war crimes in Gaza, had strained relations with Trump's predecessor Joe Biden and has not visited the White House since returning to office at the end of 2022.
(Reporting by James Mackenzie; Editing by David Goodman)
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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