Israel Remembers Fallen, Vows Not to Forget Profiteers
Translated & summarized from Walla by baba
Israel is commemorating the victims of the October 7th attacks while vowing to remember those who profited from the national tragedy. The article details instances of alleged price gouging by airlines, food suppliers, and banks, as well as the exploitation of fear for financial gain through inflated prices on emergency supplies and housing for the displaced. Several companies are named for selling goods to Gaza, and banks face a new tax due to high interest rates. The piece contrasts these actions with the sacrifices made by victims and the support offered by some citizens.
The story in 6 lines · by baba
- Israel will remember the 1,200 victims of October 7th and those who profited from the tragedy.
- El Al faces a NIS 121 million fine for alleged price gouging on flights during the crisis.
- Food suppliers and importers are accused of raising prices while citizens donated to soldiers.
- Banks are criticized for high interest rates and face a NIS 3 billion special tax.
- Companies sold goods to Gaza, with Victory and Mahadrin reporting significant sales.
- Sellers of emergency supplies and landlords for displaced persons are accused of exploiting fear and need.
Israel will remember the 1,200 civilians and security personnel murdered on October 7th, along with the families torn apart and homes destroyed. The nation also vows not to forget those who exploited the national trauma and grief for personal financial gain. This includes Israeli airlines, particularly El Al, which faces a NIS 121 million fine for alleged price gouging. During the period when foreign airlines suspended flights, El Al dominated routes, charging exorbitant prices to Israelis desperate to return home. The article also highlights food producers, importers, and suppliers who repeatedly raised prices while citizens donated food to soldiers and evacuees. Companies like Victory, Mahadrin, Rami Levy, Carrefour, Shiniv, and Neumann Group are mentioned for selling goods to Gaza, with Victory selling NIS 110.8 million worth in the first half of 2026 and Mahadrin over NIS 70 million. Banks are criticized for charging high interest rates on loans and overdrafts while offering low rates on deposits, leading the government to impose a NIS 3 billion special tax. The article further condemns the sale of fear-driven products like generators and emergency kits at inflated prices, noting a 3% price increase in emergency kits within a week of the October 7th massacre. Credit card companies and financing bodies are also implicated for offering quick cash to those with reduced incomes, leading to accumulating debt and interest. Finally, landlords are accused of exploiting displaced individuals by demanding exorbitant rents, with one evacuee reporting a demand of NIS 16,000 per month for a small apartment in Tiberias, contrasting with those who offered housing for free.
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