The UN has named dozens of multinationals in a report for profiting from Israel’s genocide in Gaza. Stephanie Tran reports.
A landmark United Nations report has named dozens of multinational corporations that are aiding and profiting from Israel’s ongoing genocide in Gaza, accusing them of complicity in war crimes and calling for urgent accountability.
Authored by Francesca Albanese, the UN Special Rapporteur on the Occupied Palestinian Territories, the report details the role of weapons manufacturers, tech firms, energy companies and financial institutions in sustaining an “economy of occupation turned genocidal.”
But the list of named companies is just the beginning. Albanese describes the report as “the tip of the iceberg,” noting that more than 1,000 corporate entities were investigated for their involvement in Israel’s war machinery.
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Weapons and warfare
At the centre of Israel’s brutal assault on Gaza is a heavily militarised economy supported by Western weapons manufacturers.
U.S. defence giant Lockheed Martin is identified as a central player, providing F-35 and F-16 fighter jets that have enabled Israel to drop an estimated 85,000 tonnes of bombs since October 2023. Their use has left more than 179,000 Palestinians dead or injured and destroyed vast swathes of Gaza’s civilian infrastructure.
According to the report, the F-35 program represents Israel’s largest-ever defence procurement project, involving over 1,650 companies.
Israel’s own arms manufacturers are also central to the genocide. Elbit Systems and Israel Aerospace Industries, two of the country’s top weapons companies, are responsible for much of the surveillance, drone and targeting systems deployed in Gaza.
The report notes that Israel’s repeated military campaigns have made it a testing ground for emerging weapons technologies. These systems are later marketed as “battle-proven”.
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Independent journalist and author Antony Loewenstein — whose award-winning book, podcast and film series The Palestine Laboratory exposes how Israel’s occupation has become a global model for repression — told MWM:
“This landmark report goes to the heart of why Israel’s illegal occupation of Palestine has lasted so long; the longest in modern times. Far too many corporations and individuals are making money from oppression. I’m honoured that the report frequently cites my work, The Palestine Laboratory, a book, podcast and film series that details how Israel’s occupation is a key model and inspiration for many around the world.”
Cutting off Israel’s financial lifeline is the only way that this abomination will end.
Surveillance and Silicon Valley
The UN report devotes substantial attention to the role of Silicon Valley in enabling Israel’s high-tech war.
Palantir Technologies, the U.S. surveillance firm founded by Peter Thiel, expanded its support for the Israeli military after October 2023. The company has provided “automatic predictive policing technology, core defence infrastructure for rapid and scaled-up construction and deployment of military software, and its Artificial Intelligence Platform, which allows real-time battlefield data integration for automated decision-making.”
In January 2024, Palantir’s board met in Tel Aviv “in solidarity”. In April 2024, CEO Alex Karp dismissed concerns about civilian casualties by stating that Palantir had killed “mostly terrorists.”
Microsoft operates its largest research centre outside the U.S. in Israel, and has been “integrating its systems and civilian tech across the Israeli military since 2003”. In October 2023, Microsoft’s Azure platform supported the Israeli military’s overloaded cloud systems. According to an Israeli colonel quoted in the report, “cloud tech is a weapon in every sense of the word.”
Amazon and Google, through their $1.2 billion Project Nimbus contract, provide Israel with core cloud infrastructure for the military and government agencies.
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IBM, which has operated in Israel since 1972, has operated the central database of the Population and Immigration Authority, “enabling collection, storage and governmental use of biometric data on Palestinians, and supporting the discriminatory permit regime of Israel.”
Hewlett-Packard (HP) “has long enabled the apartheid systems of Israel,” supplying technology to the military, prison system, and police.
NSO Group, infamous for its Pegasus spyware, is cited as a textbook case of “spyware diplomacy.” Founded by former Israeli intelligence officers, the company has licensed its tools to repressive governments worldwide and used them to surveil Palestinian activists, journalists, and human rights defenders.
Financing Occupation
The financial industry underpins much of the infrastructure of occupation and genocide. Israeli treasury bonds, underwritten by global banks such as Barclays and BNP Paribas, have provided critical financing to the Israeli government. Asset managers like Blackrock, Vanguard and Allianz’s PIMCO were among more than 400 investors from 36 countries to purchase these bonds.
Blackrock and Vanguard are also among the largest shareholders in Lockheed Martin, Palantir, Microsoft, Amazon, and Chevron. Their funds distribute these investments across global markets via ETFs and mutual funds, spreading complicity to millions of unwitting investors.
Energy and resources
Glencore and Drummond Company dominate coal exports to Israel, primarily from Colombia and South Africa. Even after Colombia announced a suspension of coal exports to Israel in 2024, shipments continued through subsidiaries.
Chevron, which supplies over 70% of Israel’s energy, paid $453 million in royalties and taxes to the Israeli government in 2023. The company profits from the Leviathan and Tamar gas fields and owns a stake in the East Mediterranean Gas pipeline, which passes through occupied Palestinian maritime territory.
BP, the British energy giant, expanded its presence in 2025 with new exploration licences in maritime zones off the Gaza coast, areas Israel occupies in violation of international law.
Machinery
Heavy machinery has long played a role in Israel’s occupation through the demolition of Palestinian homes and the construction of illegal settlements.
Caterpillar Inc. has supplied the Israeli military with bulldozers used to demolish Palestinian homes and infrastructure. Since October 2023, Caterpillar equipment has been used to “carry out mass demolitions – including of homes, mosques and life-sustaining infrastructure – raid hospitals and burying alive wounded Palestinians”. In 2025, the company signed another multi-million-dollar contract with Israel.
Heavy machinery producers Volvo and HD Hyundai have also been linked to the destruction of Palestinian property. After October 2023, Israel increased the use of this equipment, levelling entire districts in Gaza, including Rafah and Jabalia. The Israeli military reportedly obscured the logos of the machinery during these operations.
Volvo is also tied to the settlement economy through its joint ownership of Merkavim, a bus manufacturer serving Israeli colonies.
Shipping, Tourism and Logistics
Multinational logistics firms are another key part of the war economy. A.P. Moller–Maersk, the Danish shipping conglomerate, is responsible for transporting weapons parts, military equipment, and raw materials to Israel. Since October 2023, the company has facilitated the continued flow of US-supplied arms.
Tourism platforms like Airbnb and Booking.com are profiting from the settlement project. Booking.com listings in the West Bank have increased from 26 in 2018 to 70 in 2023; Airbnb listings have grown from 139 in 2016 to 350 in 2025. These platforms promote illegal settlements while restricting Palestinian access to land and resources.
Calls for sanctions
Albanese’s report is a damning indictment, not only of Israel’s genocide in Gaza but of the global political and economic architecture that enables it. The evidence it presents leaves no ambiguity, multinational corporations are not peripheral actors but central to the machinery of occupation, apartheid and now genocide.
Albanese urged states to impose a full arms embargo on Israel, halt all trade and investment ties with companies implicated in violations of international law, and freeze the assets of individuals and entities facilitating human rights abuses.
She called on the International Criminal Court and national courts to investigate and prosecute corporate executives for their role in war crimes and for laundering the proceeds of genocide.
Francesca Albanese will be presenting her report to the UN Human Rights Council on Thursday 3 July at 10am Central European Time (6pm AEST). You can watch the livestream here.
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Stephanie is a journalist and has a law/journalism degree. She was a finalist for the 2021 Walkley Student Journalist of the Year Award and the winner of the 2021 Democracy's Watchdogs Award for Student Investigative Reporting.