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.
Saudi Arabia's crown prince and de facto ruler condemned what he called the "genocide" committed by Israel against Palestinians during a speech at a summit of leaders of Muslim and Arab countries in Riyadh on Monday.
Saudi Crown Prince Mohammed bin Salman © Mena Today
Saudi Arabia's crown prince and de facto ruler condemned what he called the "genocide" committed by Israel against Palestinians during a speech at a summit of leaders of Muslim and Arab countries in Riyadh on Monday.
"The Kingdom renews its condemnation and categorical rejection of the genocide committed by Israel against the brotherly Palestinian people," Crown Prince Mohammed bin Salman said at an Arab Islamic summit, echoing comments by Saudi Foreign Minister Faisal bin Farhan Al Saud late last month.
He urged the international community to stop Israel from attacking Iran and to respect Iran's sovereignty.
The crown prince said in September the kingdom would not recognise Israel unless a Palestinian state were created.
U.S. President Joe Biden's administration had sought to broker a normalisation accord between Saudi Arabia and Israel that would have included U.S. security guarantees for the kingdom, among other bilateral deals between Washington and Riyadh.
Those normalisation efforts were put on ice after the Oct. 7, 2023, attack on Israel by Hamas militants from Gaza and Israel's subsequent retaliation.
Israel's military assault on Gaza in the last 13 months has killed tens of thousands, displaced nearly its entire population, caused a hunger crisis and led to allegations of genocide at the World Court, which Israel denies.
Reporting by Clauda Tanios in Dubai and Pesha Magid in Riyadh
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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