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.
The Rafah crossing will open in the next few days to let Gaza residents cross into Egypt, COGAT, the Israeli military's arm that oversees aid flows, said on Wednesday.
An Egyptian soldier looks on near the Rafah border crossing between Egypt and the Gaza Strip, in Rafah, Egypt, August 6, 2025. Reuters/Amr Abdallah Dalsh
The Rafah crossing will open in the next few days to let Gaza residents cross into Egypt, COGAT, the Israeli military's arm that oversees aid flows, said on Wednesday.
The arrangement, which has security clearance from Israel, will be coordinated with Egypt under the supervision of the European Union mission, similar to the mechanism that operated in January 2025, COGAT said.
Reporting by Alexander Cornwell
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.
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.