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.
British Foreign Secretary David Cameron is due to visit the Middle East on Thursday.
David Cameron © Mena Today
British Foreign Secretary David Cameron is due to visit the Middle East on Thursday and meet with Israeli and Palestinian leaders,
Britain's Foreign Office said in a statement. Cameron, a former prime minister, who was appointed to the foreign policy brief last week, met with counterparts from Arab and Islamic countries in London on Wednesday to discuss the Israel-Hamas conflict.
He has welcomed the agreement between the Israeli government and Hamas to a four-day pause in fighting, calling it a "crucial step" and urging the parties to deliver the deal in full.
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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