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 toured the country's northern border with Lebanon on Wednesday and said Israel was prepared for strong action in the north.
Iran-backed Hezbollah and Israel have been exchanging fire for the past eight months © Mena Today
Israeli Prime Minister Benjamin Netanyahu toured the country's northern border with Lebanon on Wednesday and said Israel was prepared for strong action in the north.
Israeli towns near the border, many of which have been evacuated, have been a frequent target of rocket and drone launches from Lebanese militant group Hezbollah. The rockets set off massive wild fires this week, burning swathes of land across northern Israel.
"Whoever thinks that they can harm us and we will sit idly by is making a big mistake. We are prepared for a very strong action in the north. In one way or another we will restore security to the north," Netanyahu said.
Iran-backed Hezbollah and Israel have been exchanging fire for the past eight months in parallel with the Gaza war, raising concerns that an even wider conflict could break out between the heavily armed adversaries.
The hostilities between Israel and Hezbollah have been their worst since they waged war in 2006, and tens of thousands of people on both sides of the border have been forced to flee their homes.
Reporting by Ari Rabinovitch
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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