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.
Prime Minister Benjamin Netanyahu visited Israel's Nir Oz kibbutz near the Gaza Strip on Thursday for the first time since Hamas militants penetrated the border and killed or kidnapped nearly one in four residents nearly 21 months ago.
Israeli Prime Minister Benjamin Netanyahu looks on, during his visit for the first time since the October 7, 2023 attack in Nir Oz, Israel July 3, 2025. Reuters/Amir Cohen
Prime Minister Benjamin Netanyahu visited Israel's Nir Oz kibbutz near the Gaza Strip on Thursday for the first time since Hamas militants penetrated the border and killed or kidnapped nearly one in four residents nearly 21 months ago.
Facing scrutiny over his government's failure to prevent the assault and mass protests demanding the return of hostages still held in Gaza, Netanyahu and his wife Sara were met with both loud protests and hugs but also deep concern from everyone.
"I feel a deep commitment – first of all to ensure the return of all of our hostages, all of them. There are still 20 who are alive and there are also those who are deceased, and we will bring them all back," Netanyahu said.
During a tour of the kibbutz devastation, he promised to help it rebuild.
By Janis Laizans
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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