KSA and UAE funding of Israeli arms firms and illegal settlements
Saudi Arabia and the United Arab Emirates are facilitating the expansion of illegal settlements in Palestine, as well as contributing to the Gaza genocide.
Both are investing in enterprises engaged in building illegal settlements and plowing money into Israeli companies that are making the very weapons being used to kill and maim Palestinians.
The Saudi and UAE role in Israel's genocide in Gaza needs proper examination; there are some clues in the recent activity of an investment firm both states founded with the infamous Jared Kushner.
The Saudi and UAE governments, through Jared Kushner's Affinity Partners, have become major shareholders in the Israeli company, Phoenix Holdings.
Phoenix Holdings is involved in the construction of illegal settlements and has made significant investments in Israeli military installations.
The largest arms business in Israel, Elbit Systems, is owned by Phoenix Holdings, with more than 2 million shares.
More than 85% of the drones used by the Israeli military in Gaza and the West Bank are supplied by Elbit.
The sole institutional shareholder in Elbit is believed to be Phoenix Holdings.
Fifteen percent of Camp Ariel Sharon, also referred to as the Israeli occupation force's 'City of Training Bases', is owned by Phoenix Holdings.
The company also assists recent recruits in acclimating to their new surroundings by participating in Israel's 'Adopt a Soldier' project.
Phoenix Holdings has sponsored and insured infrastructure and building projects in illegal Israeli settlements in addition to offering financial services to the councils of illegal settlements.
Eighty percent of a commercial complex in Ramat, an illegal colony in occupied East al-Quds, is owned by Phoenix holdings.
Additionally, Phoenix provides funding for the Emek Habacha wind energy power plant located in the Israeli occupied Syrian territory of Golan Heights.
Affinity Partners, which has Saudi backing, is currently a shareholder in Shlomo Group, an Israeli Corporation.
The most valuable ships in the Israeli Navy are produced by the Shlomo Group, which has also supplied Israeli military units such as the one which raided the Al Shifa hospital during the Gaza slaughter.
Early in 2023, the Israeli drone startup, Highlander Aviation, received a $14 million investment from the UAE-owned Edge Group Armaments. Israel uses their airspace management systems to control the sky above the entity.
The traces of complicity are there for all to see.
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