Finance
'Lucrative' business deals help sustain Israel's Gaza campaign, UN expert says
Published by Global Banking & Finance Review®
Posted on July 1, 2025
3 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 1, 2025
3 min readLast updated: January 23, 2026
A UN report accuses over 60 companies of supporting Israel's Gaza actions, calling for accountability. Israel denies genocide claims, citing self-defense.
By Emma Farge
GENEVA (Reuters) -A U.N. 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, U.N. 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.
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.
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.
Caterpillar has previously stated it expects its products to be used in line with international humanitarian law. None of the companies immediately responded to Reuters' requests for comment.
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 U.N. 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 U.N. Human Rights Council on Thursday. Although the Council lacks legally binding powers, cases documented by U.N. investigations have occasionally informed international prosecutions.
Israel and the United States disengaged from the Council earlier this year, citing bias against Israel.
(Reporting by Emma Farge; Additional reporting by Rachel More in Berlin, Ariane Luthi in Zurich and Olivia Le Poidevin in Geneva; Editing by Sharon Singleton)
The report names over 60 companies, including arms manufacturers and technology firms, alleging their involvement in supporting Israeli settlements and military actions in Gaza.
Israel's mission in Geneva described the report as 'legally groundless, defamatory and a flagrant abuse of her office,' rejecting the accusations of genocide.
The report mentions companies like Lockheed Martin, Caterpillar Inc, Alphabet, Amazon, Microsoft, and IBM, alleging their roles in the ongoing Gaza conflict.
The report calls for companies to cease dealings with Israel and seeks legal accountability for executives implicated in alleged violations of international law.
The war in Gaza has resulted in more than 56,000 deaths and has devastated the enclave, reducing it to rubble according to the Gaza Health Ministry.
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