‘Lucrative’ Business Deals Help Sustain Israel’s Gaza Campaign, UN Expert Says

The sun sets over Gaza, as seen from Israel, July 1, 2025. (Reuters)
The sun sets over Gaza, as seen from Israel, July 1, 2025. (Reuters)
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‘Lucrative’ Business Deals Help Sustain Israel’s Gaza Campaign, UN Expert Says

The sun sets over Gaza, as seen from Israel, July 1, 2025. (Reuters)
The sun sets over Gaza, as seen from Israel, July 1, 2025. (Reuters)

A UN expert has named over 60 companies, including major arms manufacturers and technology firms, in a report alleging their involvement in supporting Israeli settlements and military actions in Gaza, which she called a "genocidal campaign."

Italian human rights lawyer Francesca Albanese, UN Special Rapporteur on the Occupied Palestinian Territories, compiled the report based on over 200 submissions from states, human rights defenders, companies, and academics.

The report, published late Monday, calls for companies to cease dealings with Israel and for legal accountability for executives implicated in alleged violations of international law.

"While life in Gaza is being obliterated and the West Bank is under escalating assault, this report shows why Israel's genocide continues: because it is lucrative for many," Albanese wrote in the 27-page document. She accused corporate entities of being "financially bound to Israel's apartheid and militarism."

Israel's mission in Geneva said the report was "legally groundless, defamatory and a flagrant abuse of her office". The Israeli prime minister's office and the foreign office did not immediately return requests for comment.

The US mission to the United Nations in New York called on UN Secretary-General Antonio Guterres to condemn Albanese and call for her removal, adding that "the lack of such action to date has enabled Ms. Albanese to pursue her campaign of economic warfare targeting entities across the world."

Israel has rejected accusations of genocide in Gaza, citing its right to self-defense following the October 7, 2023, Hamas attack that killed 1,200 people and resulted in 251 hostages, according to Israeli figures.

The subsequent war in Gaza has killed more than 56,000 people, according to the Gaza Health Ministry, and reduced the enclave to rubble.

ARMS FIRMS NAMED IN REPORT

The report groups the companies by sector, for example military or technology, and does not always make clear if they are linked to settlements or the Gaza campaign. It said around 15 companies responded directly to Albanese's office but did not publish their replies.

It names arms firms such as Lockheed Martin and Leonardo, alleging their weaponry has been used in Gaza. It also lists heavy machinery suppliers Caterpillar Inc and HD Hyundai, claiming their equipment has contributed to property destruction in Palestinian territories.

"Foreign military sales are government-to-government transactions. Discussions about those sales are best addressed by the US government," said a spokesperson for Lockheed Martin.

None of the other companies immediately responded to Reuters' requests for comment. Caterpillar has previously stated it expects its products to be used in line with international humanitarian law.

Technology giants Alphabet, Amazon, Microsoft, and IBM were named as "central to Israel's surveillance apparatus and the ongoing Gaza destruction."

Alphabet has previously defended its $1.2 billion cloud services contract with the Israeli government, stating it is not directed at military or intelligence operations.

Palantir Technologies was also mentioned for providing AI tools to the Israeli military, though specifics on their use were not included.

The report expands on a previous UN database of firms linked to Israeli settlements, last updated in June 2023, adding new companies and detailing alleged ties to the ongoing Gaza conflict.

It will be presented to the 47-member UN Human Rights Council on Thursday. Although the Council lacks legally binding powers, cases documented by UN investigations have occasionally informed international prosecutions.

Israel and the United States disengaged from the Council earlier this year, citing bias against Israel.



Türkiye, Hamas Discuss Gaza Ceasefire Deal’s Second Phase, Turkish Source Says

Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
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Türkiye, Hamas Discuss Gaza Ceasefire Deal’s Second Phase, Turkish Source Says

Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)

Turkish Foreign Minister Hakan Fidan on Wednesday ​met with Hamas political bureau officials in Ankara to discuss the ceasefire in Gaza and advancing the ‌agreement to ‌its ‌second ⁠phase, ​a ‌Turkish Foreign Ministry source said according to Reuters.

The source said the Hamas officials told Fidan that they had fulfilled ⁠their requirements as ‌part of the ‍ceasefire ‍deal, but that Israel's ‍continued targeting of Gaza aimed to prevent the agreement from ​moving to the next phase.

The Hamas members ⁠also said humanitarian aid entering Gaza was not sufficient, and that goods like medication, equipment for housing, and fuel were needed, the source ‌added.


Israel Says It Killed Hamas Financial Officer in Gaza

Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
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Israel Says It Killed Hamas Financial Officer in Gaza

Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)

The Israeli army said Wednesday that it had identified a Hamas financial official it killed two weeks ago in a strike in the Gaza Strip.

Abdel Hay Zaqut, a financial official in Hamas's armed wing, on December 13 in the same strike that killed military commander Raed Saad, seen by Israel as one of the architects of Hamas's October 7, 2023 attack.

The Israeli army's Arabic-language spokesperson, Avichay Adraee, said on Wednesday that Zaqut was killed while he was in a vehicle alongside Raed Saad in "a joint operation by the Israeli army and the Shin Bet", Israel's internal security agency.

Zaqut "belonged to the financial department of the armed wing" of Hamas, Adraee wrote on X.

"Over the past year, Zaqut was responsible for collecting and transferring tens of millions of dollars to Hamas's armed wing with the aim of continuing the fight against the State of Israel," he said.

Hamas's leader for the Gaza Strip, Khalil al-Hayya, confirmed on December 14 the death of Saad and "his companions", though he did not name Zaqut.

The Israeli army said Saad headed the weapons production headquarters of Hamas's military wing and oversaw the group's build-up of capabilities.

Since October 10, a fragile truce has been in force in the Gaza Strip, although Israel and Hamas accuse each other of violations.

The war began with Hamas's 2023 attack on Israel, which resulted in the deaths of more than 1,200 people, most of them civilians, according to an AFP tally based on official figures.

Israel's retaliatory campaign has killed more than 70,000 people in the Gaza Strip, according to the health ministry in the Hamas-run territory, a figure the UN deems is credible.


Lebanon Central Bank Governor Expresses Reservations Over Draft Law on Deposit Recovery

 Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
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Lebanon Central Bank Governor Expresses Reservations Over Draft Law on Deposit Recovery

 Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)

Lebanon’s Central Bank governor has expressed some reservations over a draft law allowing depositors to gradually recover funds ​frozen in the banking system since a financial collapse in 2019, a move critical to reviving the economy.

Karim Souaid described the proposed timetable for the cash component of deposit repayments as "somewhat ambitious" in a statement on Tuesday.

He suggested ‌it may ‌be adjusted without hindering ‌the depositors' ⁠rights ​guarantee "regular, ‌uninterrupted, and complete payments over time".

He also urged the cabinet to conduct a careful review of the draft law , calling for clarifications to ensure fairness and credibility before it is submitted to parliament.

The central ⁠bank governor said the draft required further refinement, ‌including clearer provisions to guarantee equitable ‍treatment of depositors ‍and to reinforce the state’s commitments ‍under the law.

The 2019 financial collapse - the result of decades of unsustainable financial policies, waste and corruption - led the state to default ​on its sovereign debt and sank the Lebanese pound.

The draft law marks ⁠the first time Beirut has put forward legislation aimed at addressing a vast funding shortfall - estimated at $70 billion in 2022 but now believed to be higher.

Prime Minister Nawaf Salam on Monday urged ministers to swiftly approve the draft legislation.

The cabinet discussed the law on Monday and Tuesday and is set to continue discussions ‌on Friday.