Arabic translation:

(text at top)

The mule of Hanana*

(text on mule's blindfold)

Expansion (political party)

(text on mule's rump)

Assembly (alternative Arabic name for the Israeli Labor party)

(text on gravel path)

Israeli-Arab conflict (x 2)

Bloodshed (x 2)

(black text at bottom)

He travels all day long and he thinks he covered tens of kilometers but he always returns exactly to where he began

(red text at bottom)

The New Communist List in Israel

* This is apparently an Israeli term used to label Palestinians as both stubborn and gullible