Tel Aviv Stock Exchange Sees 213% Increase Amid Occupation of Palestine

Strategic Insights -

The Tel Aviv stock exchange has seen an unprecedented surge of 213% in the past 21 months, amassing $225.7 billion in market gains, while the Palestinian territories face devastating economic consequences. According to a report by Francesca Albanese, the United Nations' Special Rapporteur on the situation of human rights in the Palestinian territories, the occupation has intertwined with the global economy, resulting in unimaginable profits for some. "For some, genocide is profitable," Albanese stated. The report highlights the destructive impact of the occupation, including the sale of weapons, engineering equipment, and real estate in colonies, as well as the role of tech giants, banks, and global logistics companies in enabling this ecosystem.

Key Takeaways:

  • The Tel Aviv stock exchange has seen a staggering 213% increase in the past 21 months, amassing $225.7 billion in market gains.
  • Francesca Albanese's report highlights the devastating impact of the occupation on the Palestinian economy, including the sale of weapons and engineering equipment.
  • Defense giants Lockheed Martin, RTX Corporation, General Dynamics, BAE Systems, and Boeing have been named for selling weapons to Israel.
  • Caterpillar, Hyundai, and Volvo have sold engineering equipment used to demolish Palestinian homes and build illegal colonies.
  • Real estate companies like Keller Williams Realty LLC and Airbnb, Inc. have been named for selling properties in colonies to Israeli and international buyers.
  • Global tech giants Alphabet, Amazon, Microsoft, IBM, and Palantir have supplied AI platforms, analytics, and cloud infrastructure that aid Israeli intelligence gathering.
  • Major banks, including Bank of America, BlackRock, Citigroup, Wells Fargo, Goldman Sachs, BNP Paribas, Deutsche Bank, JPMorgan Chase, and Barclays, have invested in Israeli bonds, allowing Israel to wage war.
  • Netafim, a global leader in drip irrigation technology, has designed its products in concert with the expansion imperatives of Israel.
  • Global logistics giants A.P. Moller – Maersk A/S have shipped goods from the colonies and OHCHR database-listed companies to the US and other markets.

Statistics:

  • The Tel Aviv stock exchange has seen a 213% increase in the past 21 months.
  • The market gains total $225.7 billion, including $67.8 billion in the past month alone.
  • Booking.com has listed more than 70 properties in the West Bank as of May 2023.
  • Airbnb, Inc. has listed 350 properties in Israeli colonies, collecting up to 23% commission.

Sources:

  • "From economy of occupation to economy of genocide" by Francesca Albanese, United Nations' Special Rapporteur on the situation of human rights in the Palestinian territories.
  • Business Report