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 number of tourists visiting Israel rose in 2023 compared with 2022, although it plunged in October after war broke out between Israel and Hamas and remained low for the rest of the year, the Israeli tourism ministry said on Thursday.
Overall in 2023, 3 million tourists entered Israel © Mena Today
The number of tourists visiting Israel rose in 2023 compared with 2022, although it plunged in October after war broke out between Israel and Hamas and remained low for the rest of the year, the Israeli tourism ministry said on Thursday.
Up until October, the tourism industry was recovering from the collapse caused by the COVID-19 pandemic, but after the Oct. 7 attack by Hamas militants on southern Israel the number of foreign visitors dropped suddenly.
Overall in 2023, 3 million tourists entered Israel, up from 2.7 million in 2022. December was the worst month of the year with just 52,800 tourists, while the number was above 300,000 per month for several months earlier in the year.
Hamas gunmen killed 1,200 people in southern Israel on Oct. 7 and took 240 hostage, according to Israeli authorities. Israel responded with a bombardment and ground invasion of the Gaza Strip that has killed more than 22,000 people, according to health officials there.
Reporting by Emily Rose; Editing by Bill Berkrot
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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