New UN report reveals the companies getting rich off Israeli occupation and genocide
Report by Francesca Albanese, From Economy of Occupation to Economy of Genocide
Jonathan Ofir reports in Mondoweiss on 6 July 2025:
The UN Special Rapporteur on the situation of human rights in the Palestinian territories occupied since 1967, Francesca Albanese, issued a seminal report on June 30, titled “From economy of occupation to economy of genocide.” It focuses on the economic interests benefiting from the current genocide in Gaza.
While the report itself names a lot of names, from states to corporations, banks, and universities, Albanese concludes, “the entities named in the present report constitute a fraction of a much deeper structure of corporate involvement, profiteering from and enabling violations and crimes in the occupied Palestinian territory.”
The report comes on the heels of two other major reports by Albanese last year: the “Anatomy of a Genocide” from March 2024 and the “Genocide as Colonial Erasure” in October 2024. In the latter, Albanese identified how Israel was expanding its genocide from Gaza to the West Bank.
Her analysis holds that there are three main elements of Israel’s colonialist takeover: displacement, replacement, and erasure. Genocide is the most extreme form of erasure, but it is a part of the larger eliminationist logic within a broader plan of “colonial erasure.”
Given her mandate on territories occupied since 1967, that is where Albanese focuses her analysis. The Israeli occupation since 1967 has had broad economic support, particularly from the corporate world, and these actors have mostly continued that support as Israel has moved to its next stage of colonial erasure: Genocide.