
Campaign targets Booking.com's Israeli settlement profits
A coalition of workers and activists has launched a campaign targeting online travel agency Booking.com, which they accuse of profiting from Israeli war crimes.
The 'Stop Booking Apartheid' campaign, led by Palestinian and left-wing organisations including Progressive International and BDS Netherlands, is targeting Booking.com's 55 listings in the occupied West Bank and East Jerusalem.
The travel site, which is headquartered in the Netherlands and has a parent company in the US, also lists sites in the occupied Syrian Golan Heights.
Israeli settlements built on stolen Palestinian land are considered illegal under international law.
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Middle East Eye
2 days ago
- Middle East Eye
Israel has sold record amount of debt in US since war on Gaza erupted: Report
Israel has sold a record amount of debt in the US since its war on Gaza erupted on 7 October 2023, according to a report by Bloomberg on Friday. The government of Israel's US-based bond broker, Israel Bonds, says it has sold $5bn worth of debt in the last twenty months. The level of bond issuance is more than double that raised by Israel Bonds, in similar time periods previously. Israel's war on Gaza started after the 7 October 2023 Hamas-led attacks on southern Israel killed around 1,200 people. Israel responded by pummelling the Gaza Strip and invading it. More than 54,000 people, mainly women and children, have been killed in the Israeli attacks, and the population is facing "imminent famine", the United Nations says. Israel Bonds is affiliated with Israel's finance ministry and sells bonds inside the US to both retail and institutional investors. The starting price for non-tradable retail Israeli bonds is as low as $36. A five-year Israeli bond has a yield between 4.86 percent and 5.44 percent, according to the Bloomberg report. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters Along with its war on Gaza, Israel fought a devastating war with Hezbollah in Lebanon and launched widespread strikes on Syria. In 2024, it engaged in two rounds of direct missile and drone attacks with Iran. Israel's financing needs have soared as it looks to fund its military. Local Israeli creditors, including deep-pocketed institutional ones, account for about 80 percent of the government's lending overall. That leaves just twenty percent to come from international debt sales and what Israel Bonds sells in the US. According to the group, local US governments at the state and county level are big buyers in places like New York, Texas, Ohio, and Illinois. Palm Beach County in Florida became one of the world's largest investors in Israeli Bonds in 2024, with about $700m of its $4.67bn portfolio invested there. Israel has faced widespread criticism for its war on Gaza. The International Criminal Court has issued an arrest warrant for Prime Minister Benjamin Netanyahu and former Defence Minister Yoav Gallant for alleged war crimes. Meanwhile, public opinion on Israel has turned sharply negative from France to Japan. However, in March 2024, Israel saw strong demand for its debt among international investors. It sold $8bn in international bonds. Israel enjoys investment-grade ratings from major credit ratings agencies.


Middle East Eye
2 days ago
- Middle East Eye
Ex-CIA officer running Gaza aid security advised Boston Consulting Group
Former CIA paramilitary officer Phil Reilly, who heads a private military company that is guarding Israel's newly set up food distribution sites in Gaza, was a senior advisor at the US consultancy that is the latest partner to withdraw from the controversial aid project. The Boston Consulting Group admitted last week that it was involved in developing the Gaza Humanitarian Foundation (GHF), but has since halted its involvement and distanced itself as 110 Palestinians have been killed and 583 wounded trying to access aid during GHF's 10 days of operations, according to government sources. But Reilly's role with BCG, which ended only six months ago, raises questions about whether the consultancy was also involved in developing the security side of the aid operation. Questions about the firm's role come as BCG announced on Thursday that it had fired two partners for 'unauthorised work' in relation to GHF. BCG said the partners 'failed to disclose the full nature of the work during the client acceptance process' and carried out subsequent unauthorised work in violation of company policies and protocols. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters The firm said the subsequent work had "lacked visible multi-lateral support" and that it has engaged outside counsel to investigate its involvement in the project. 'We deeply regret that in this situation we did not live up to our standards. We are committed to taking all necessary steps to address the issues identified in the ongoing investigation,' the company said. MEE asked BCG on Friday whether the firm was involved in the security operations to support GHF, what role it had played with the foundation and who had asked the firm to get involved initially. BCG directed MEE to its statement from Thursday which did not answer the questions. Consulting on Gaza A 29-year veteran of the CIA, Reilly served as a senior advisor at BCG for eight years starting in January 2017, just as US President Donald Trump's first term started, according to his LinkedIn account. It was early last year, while still holding his advisory role, that Reilly reportedly first began discussing Gaza aid with Israeli civilians in early 2024. Later in 2024, he worked on a study for Orbis, another US consultancy, which reportedly outlined a plan to outsource food aid delivery to private companies and foundations, the NYT reported. Reilly's advisory role with BCG ended in December, a month after Safe Reach Solutions (SRS), the private military company now operating in Gaza, was registered in Wyoming, a known US tax haven. Mercenary firm set to oversee Gaza aid for Israel goes on LinkedIn hiring spree Read More » Public records show that SRS's registered agent, as first reported by All-Source Intelligence, is the Wyoming-based wealth management fund, Two Oceans Trust LLC. But the public records fail to reveal many more details about SRS, including its funders. It was reported this week that McNally Capital, a Chicago-based private equity firm, has an "economic interest" in SRS, although the scale of the interest remains unclear. The lack of clarity about funding is also true of GHF which is registered with scant few other details in Delaware, another notorious US tax haven. SRS is understood to be the main company currently securing the food distribution sites that are part of Israeli and American moves to take control of aid distribution in the enclave, which have been beset by controversy. The UN and international aid agencies have sounded the alarm for weeks over concerns that the plans which have unfolded at pace failed to meet humanitarian principles and would encourage forced displacement of Palestinians. Hours before GHF was to start distributing aid in Gaza late last month, executive director Jake Wood resigned over concerns that it was impossible for the organisation to operate independently or adhere to strict humanitarian principles. Wood was replaced this week by Johnnie Moore, an evangelical leader who has advised Trump on interfaith issues. Moore has denied reports that Palestinians were killed and injured while seeking aid at GHF's sites in Gaza and said he was demanding results "with Silicon Valley precision".


Middle East Eye
3 days ago
- Middle East Eye
Arab states received 12 percent of Israeli arms exports in 2024 amid surge in arms sales
Israel's Ministry of Defence announced on Wednesday that arms exports by Israeli companies reached an all-time high in 2024, totalling $14.8bn. 'The unprecedented operational achievements, combined with the combat experience gained through Israeli-developed technologies during the war, have generated significant demand for Israeli defence systems among numerous countries,' the ministry stated, attributing the surge in exports to the ongoing military offensive on Gaza, which began in October 2023. According to TheMarker, arms exports rose by 13 percent compared to 2023, when exports stood at $13.1 billion. The 2024 figure represents roughly 10 percent of Israel's total exports of goods and services, according to data published by the outlet. This marks a record year for Israeli arms exports, which have more than doubled over the past five years; in 2019, total exports amounted to $7.3bn. Europe emerged as the primary destination for Israeli arms, accounting for 54 percent of total purchases – up nearly 20 percentage points from 2023, when European countries made up 35 percent of Israel's arms export market. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters In 2024, European states bought nearly $8bn worth of Israeli military products, compared to $4.6bn in 2023, according to the Ministry of Defence. Beyond Europe, another significant destination for Israeli arms in 2024 was the group of countries that normalised relations with Israel under the Abraham Accords. Combined arms sales to the United Arab Emirates, Bahrain, Morocco and Sudan reached $1.8bn – equivalent to 12 percent of Israel's total arms exports. In contrast, there has been a marked decline in exports to Asian and Latin American countries. In 2024, Asian nations purchased $3.4bn worth of Israeli weapons, down from $6.3bn the previous year. According to TheMarker, the drop is attributed to major arms deals signed in 2023 with India and Azerbaijan that were not repeated in 2024. The surge in arms exports comes amid Israel's ongoing military campaign in Gaza, now approaching its 20th month, which has resulted in the deaths of over 54,000 Palestinians and destroyed most of the Palestinian enclave. In recent months, Israel has faced mounting international criticism – particularly from European partners – over Gaza, including allegations of using starvation as a weapon of war and of committing genocide. Israel opposition leader says Netanyahu arming 'equivalent of Isis' gangs in Gaza Read More » A recent survey conducted in the UK found that a majority of the British public supports a full arms embargo on Israel. According to the poll, 57 percent of respondents backed a government-imposed embargo, while only 13 percent were opposed. On Tuesday, it was reported that the Spanish government had cancelled a $327m arms deal with Israeli defence company Rafael. The contract involved the purchase of offensive weaponry, including 168 firing posts and 1,680 anti-tank missiles. Yair Coles, head of the International Defense Cooperation Directorate, the Ministry of Defence division overseeing Israeli arms exports, told Israeli news outlet Ynet: 'We are facing a serious challenge. Members of parliament are openly calling for a halt to arms purchases from Israel because of the images coming out of Gaza, and this is having an effect. Today, customers are telling us this directly.' Coles added: 'Sales to France and the UK are very low. Two forces are currently at work: military establishments that want to buy the best equipment from us, and political forces holding back. I hope that necessity will prevail over politics.' A national achievement According to defence ministry data, nearly half (48 percent) of Israel's arms exports consist of air defence systems, missiles and rockets. Other categories, including military and armoured vehicles, radar systems, manned aircraft and satellites, each account for between 8 and 9 percent of total exports. Israeli human rights lawyer and arms trade monitor Eitay Mack told TheMarker that Israeli arms exports could rise further in 2025. 'Due to escalating tensions between India and Pakistan, we may see a spike in arms deals with India,' Mack said. 'Additionally, the effects of the increased security budgets in Europe – driven by shifting relations with the United States – will likely be felt only in 2025.' 'The world sees Israel's strength and wants to be part of it' - Israel Katz, Defence Minister However, Mack cautioned that some countries may shift away from Israeli weapons in favour of American arms as part of efforts to improve trade balances with the United States. 'In the context of the tariff war declared by [US President Donald] Trump, some countries may prefer to buy from the US rather than from Israel,' he added. Defence Minister Israel Katz praised the export figures, calling them a national achievement. 'In a year of war, under complex and difficult conditions, Israel has broken its all-time arms export record,' Katz said. He attributed the success to Israel's battlefield performance: 'This is a direct result of the IDF's and defence industries' achievements against Hamas in Gaza, Hezbollah in Lebanon, the Houthis in Yemen, the Ayatollahs' regime in Iran, and other enemies.' Katz added, 'The world sees Israel's strength and wants to be part of it.' Defence Ministry Director General Amir Baram echoed the sentiment. 'Israeli arms exports reflect, more than anything, a growing global appreciation for Israeli technology. Our systems have made a resounding impact across the Middle East over the past year,' he said. Coles also credited the collaboration between the defence sector and the military. 'The unique link between Israeli arms companies, the Ministry of Defence, and the IDF creates a distinct competitive edge in global markets,' he said. According to Coles, during the war in Gaza, Israel's defence industries demonstrated that they could 'meet the IDF's operational needs while simultaneously responding to growing international demand'.