Results for Tag: Israel
Israel has a technologically advanced free market economy. Cut diamonds, high-technology equipment and pharmaceuticals are among its leading exports. Its major imports include crude oil, grains, raw materials and military equipment. Israel usually posts sizeable trade deficits, which are offset by tourism and other service exports, as well as significant foreign investment inflows.
Unemployment remains a problem throughout the country despite a bloated public sector. Overregulation has made it difficult for Iraqi citizens and foreign investors to start new businesses. Corruption and lack of economic reforms – such as restructuring banks and developing the private sector – have inhibited the growth of the private sector.
The group notably ignored advice from Tehran not to capture Sanaa back in 2014. Al-Houthi’s independence thus suggests that he is primarily driven by a domestic agenda rather than a desire to help Hezbollah and Iran exert control over the region. That could change, of course, if the Saudis leave him no choice but to increase his reliance on Iran.
Declining oil prices have also reduced the government’s ability to use state-driven growth to distribute rents and fund generous public subsidies, and the government has been under pressure to reduce spending. Over the past three years, the government has enacted incremental increases in some taxes, resulting in modest increases in prices for gasoline, cigarettes, alcohol, and certain imported goods, but it has refrained from reducing subsidies, particularly for education, healthcare, and housing programs.
Following the beginning of the Syrian civil war in 2011, he claimed that the regime of President Bashar al-Assad was responsible for creating the radical jihadist al-Nusra Front. However, he remains politically active, despite confirming Taymour as his political heir in March 2017. For example, he blamed Saudi Arabia for the resignation of Lebanese Prime Minister Saad al-Hariri in November 2017.