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Yemeni Armed Forces: The blockade on the Port of Haifa comes following the successful imposition of the siege on the Port of Umm al-Rashrash, which has since ceased operations
Yemeni Armed Forces: The Port of Haifa is now officially part of our target bank
Yemeni Armed Forces calls on companies with ships currently in the Port of Haifa or en route to it to take into account the contents of the statement and any forthcoming announcements
Yemeni Armed Forces: The imposition of a blockade on the Port of Haifa comes in response to the enemy’s escalation of its brutal aggression against Gaza and the continued siege and starvation
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Yemeni Armed Forces: We have decided to begin enforcing a naval blockade on the Port of Haifa, which is now among our list of designated targets
The Israeli occupation has released the child Mohammad, the son of martyr Ahmad Sarhan, whom it abducted earlier today from Khan Younis in the southern Gaza Strip, but his mother remains in detention
UK, France, and Canada in a joint statement: The Israeli Government’s denial of essential humanitarian assistance to the civilian population is unacceptable and risks breaching International Humanitarian Law
Leaders of UK, France, and Canada warn that their countries would take action if "Israel" does not stop a renewed military offensive in Gaza and lift aid restrictions
Putin says Trump in conversation expressed his position on cessation of hostilities in Ukraine

Economists warn of Israeli financial meltdown

  • By Al Mayadeen English
  • Source: Agencies
  • 3 Mar 2023 15:24
  • 4 Shares
2 Min Read

Experts are warning that Netanyahu's actions will lead to long-term damage to economic growth and Israelis’ standard of living.

  • x
  • Israeli police deploy horses and stun grenades to disperse protesters blocking a main road in Tel Aviv, March 1, 2023 (AP)
    Israeli police deploy horses and stun grenades to disperse settlers blocking a main road in Tel Aviv, March 1, 2023 (AP)

Israeli economists issued a warning that they are at the crack of a financial meltdown and that Prime Minister Benjamin Netanyahu’s hard-right coalition could have grave implications for the economy.

“Since we published our first petition, there are many growing indications that the damage to the economy could manifest itself more powerfully and faster than we expected,” they warned on Thursday.

“Even if the markets eventually stabilize in the short term, experience from other countries where judicial and financial institutions were harmed, and research from recent decades shows that we can expect long-term damage to economic growth and Israelis’ standard of living,” the experts alerted.

Experts still think that it is not too late to act on the crisis.

The Israeli shekel's value has dropped to a three-year low against the dollar, making companies pull their money from Israeli accounts. 

Protests took place in the streets of "Tel Aviv" over the weekend with tens of thousands of settlers gathered in other cities against the governing coalition's planned legal reform.

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Signatories of the warning are leftist Nobel Prize winner Daniel Kahneman and former two-term Bank of "Israel" governor Jacob Frenkel. Economists warned that the radical measures could lead to reduced investments in "Israel's" tech industry. 

After weeks of protests in "Israel", which went violent, the settlers launched a "disruption day".

As soon as the protests began, police arrived on horseback and hurled stun grenades, and used water cannons against the protesters. Videos spiraled on social media of a police officer pinning down a protester with his knee on the man's neck alongside several others which portray police brutality.

Critics said that Netanyahu has a conflict of interest in targeting judges while he stands on trial for corruption charges. 

The former head of the Israeli military intelligence division Amos Yadlin said in an interview with Israeli Channel 12: “Israel is heading to a bad place.”

Read next: Rallies against Netanyahu's 'judicial reform' enter 7th week

  • netanyahu
  • Financial crisis
  • Israel
  • Israeli economy
  • Benjamin Netanyahu
  • Israeli occupation

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