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 and Switzerland are poised to deepen cooperation in finance and economics as top officials convened for the 4th Saudi-Swiss Financial Dialogue in Zurich.
Karin Keller-Sutter, Vice President of the Swiss Federal Council, and Saudi Arabia’s Finance Minister Mohammed Al-Jadaan © X
Saudi Arabia and Switzerland are poised to deepen cooperation in finance and economics as top officials convened for the 4th Saudi-Swiss Financial Dialogue in Zurich.
The event, inaugurated by Saudi Arabia’s Finance Minister Mohammed Al-Jadaan, focused on enhancing macroeconomic outlooks, fostering international multilateral cooperation, and advancing specific bilateral economic initiatives.
It comes against the backdrop of a robust trade relationship between the countries. In 2023, Saudi Arabia exported $810.67 million worth of goods to Switzerland, while Swiss exports to the Kingdom totaled $6.77 billion, according to the UN’s international trade database.
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Prince Faisal bin Farhan, Foreign Minister of Saudi Arabia, met on Monday with Sayyid Badr bin Hamad Al-Busaidi, FM of Oman, to review bilateral relations and discuss regional and international developments.
Israeli high-tech companies raised $15.6 billion in private funding in 2025, up sharply from $12.2 billion in 2024, according to preliminary data released on Monday by Startup Nation Central (SNC).
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