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☆ Israel awards gas exploration licences to ENI, BP and four others
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Oct 29 (Reuters) - Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers. It said that one group that includes ENI (ENI.MI), Dana Petroleum and Ratio Energies (RATIp.TA) will explore in an area west of the massive Leviathan field, which supplies Israel with gas and is also used for export. Another group comprised of BP (BP.L) Socar (403550.KS) and NewMed (NWMDp.TA) will explore north of the Leviathan, the ministry said. "The winning companies have committed to unprecedented investment in natural gas exploration over the next three years, which would hopefully result in the discovery of new natural gas reservoirs," said Energy Minister Israel Katz. Reporting by Ari Rabinovitch and Steven Scheer; Editing by Susan Fenton and Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.

Persons: Israel Katz, Ari Rabinovitch, Steven Scheer, Susan Fenton, Giles Elgood Organizations: Israel's Energy Ministry, ENI, Dana Petroleum, BP, Energy, Thomson Locations: Israel, Europe

Reuters GraphicsThe Tel Aviv Inter-Bank Offered Rate, or TELBOR , a proxy for interest rate expectations, shows markets are now pricing in just over 50 bps of rate cuts over the next 12 months. "We thought the market was overreacting and exaggerating a rate cut in the (Oct. 23) decision, during the war," Bank Hapoalim's Shafrir said. The central bank's own economists project 50-75 bps of rate cuts in the next year. Prior to the war, markets had predicted that the benchmark rate would be lowered by at least 100 bps through 2024 as inflation returned to its target range. Israel's next rate decision is due on Nov. 27 with markets currently expecting rates to be held, and the three-month TELBOR rate pointing to a 25 bps cut in early 2024.

Persons: Violeta Santos Moura, Morgan Stanley, Georgi Deyanov, Modi Shafrir, Amir Yaron, Andrew Abir, Shafrir, Yaron, Anatoliy Shal, Shal, Steven Scheer, Karin Strohecker, Sumanta Sen, Kirsten Donovan Organizations: REUTERS, Palestinian, Hamas, Bank of Israel, Bank Hapoalim, Reuters, Tel Aviv Inter, Monday, P Global Market Intelligence, Thomson Locations: Israel's, Gaza, Israel, LONDON, Jerusalem, London

The Bank of Israel building is seen in Jerusalem June 16, 2020. Finance Minister Bezalel Smotrich has said the government will spend whatever is needed on the war and on compensation. Bank of Israel Governor Amir Yaron on Monday cautioned that it was "important to continue conducting responsible fiscal policy." The central bank projects the debt-to-GDP ratio growing to 62% this year and to 65% in 2024 from 60.5% in 2022. Israel will have to raise more debt, but the government still has some manoeuvring room, given the relatively low budget deficit and debt-to-GDP ratio before the war as well as its long-term debt portfolio, the ministry official said.

Persons: Ronen, Bezalel Smotrich, Amir Yaron, Steven Scheer, John Stonestreet Organizations: of, REUTERS, Rights, Hamas, Bank of Israel, Thomson Locations: of Israel, Jerusalem, Israel, Gaza

The cost to Israel's economy of its war with Hamas militants will be unlike anything it has experienced in decades. "This is not a hit for contractors or industrialists alone," said Raul Sarugo, president of the Israel Builders' Association. Israel was blindsided on Oct. 7 by Hamas gunmen from Gaza who rampaged through border towns in the deadliest attack on civilians in its history. The conflict has also halted the movement of thousands of Palestinian labourers from Gaza to Israel and curtailed the flow from the occupied West Bank. The Economy Ministry created a war room and put out a call for help.

Persons: Raul Sarugo, Israel, Netanel Shraga, Barak Klein, ThetaRay, Erel Margalit, Dror Bin, We've, Bin, Leo Leiderman, Amir Yaron, Yaron, Steven Scheer, Ari Rabinovich, Toby Chopra Organizations: Hamas, Israel Builders ' Association, West Bank, Columbia, HIGH, TECH, Factories, Israel Innovation Authority, Ministry, Bank Hapoalim, Israeli Finance Ministry, Reuters, of Israel, Thomson Locations: Israel, Gaza, Israel's, Iran, Lebanese

El Al Israel Airlines planes are seen on the tarmac at Ben Gurion International airport in Lod, near Tel Aviv, Israel March 10, 2020. Insurers for Israeli flag carrier El Al Airlines (ELAL.TA), Israir (ISRG.TA) and Arkia have previously said they can issue such notices due to the war between Israel and the Palestinian group Hamas. Israeli airlines have now received the notices, two sources told Reuters, without naming the airlines. Israeli's parliamentary finance committee last week approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines. Airlines normally take out two types of policy - an "all risks" policy which covers both regular damage to the hull and passenger liability, and a "war" policy to cover war or terror-related losses to the aircraft.

Persons: Ronen, Bruce Carman, Arkia, Israir, Garrett Hanrahan, Hanrahan, Carolyn Cohn, Sinead Cruise, David Evans Organizations: El Al Israel Airlines, Ben, REUTERS, Aviation, El Al Airlines, Palestinian, Hamas, Hive Underwriters, El Al, Lebanese, East Airlines, Airlines, Marsh's Global Aviation, Reuters, Hezbollah, Norwegian Air, Thomson Locations: Ben Gurion, Lod, Tel Aviv, Israel, Lebanon, Europe, United States, London, Turkey, Beirut, Eilat

☆ Fury grows in Turkey against Israel, fresh protests planned
▼ + stars: | 2023-10-18 | by ( Ece Toksabay | ) www.reuters.com time to read: +3 min

Palestinian officials said the blast at Al-Ahli al-Arabi hospital was caused by an Israeli air strike. Israel blamed the blast on a failed rocket launch by the Palestinian Islamic Jihad group, which denied responsibility. President Tayyip Erdogan called the blast "the latest example of Israeli attacks devoid of the most basic human values". Following the NSC's appeal, Israeli airlines said they were arranging flights from Istanbul on Wednesday for Israelis who want to leave Turkey. Political analysts said the Gaza hospital blast could have dire consequences for ties between Israel and Turkey.

Persons: Dilara, Israel, Tayyip Erdogan, Erdogan, Mert Ozkan, Huseyin Hayatsever, Daren Butler, Steven Scheer, Gareth Jones Organizations: REUTERS, Rights, Turkish, Islamic, National Security Council, Wednesday, Police, NATO, Ece Toksabay, Bulent Usta, Thomson Locations: Al, Ahli, Gaza, Istanbul, Turkey, Rights ANKARA, Arabi, Israel, Ankara, Police, Turkey's, Teneo, Jerusalem

Palestinian officials said the blast at Al-Ahli al-Arabi hospital was caused by an Israeli air strike. Israel blamed the blast on a failed rocket launch by the Palestinian Islamic Jihad group, which denied responsibility. Following the NSC's appeal, Israeli airlines arranged flights from Istanbul late on Wednesday for Israelis who want to leave Turkey. Protesters held fresh demonstrations near consulates of Israel and the United States in Istanbul on Wednesday evening. Political analysts said the Gaza hospital blast could have dire consequences for ties between Israel and Turkey.

Persons: Dilara, Israel, Tayyip Erdogan, Erdogan, Mert Ozkan, Huseyin Hayatsever, Daren Butler, Ali Kucukgocmen, Umit Bektas, Mehmet Emin Caliskan, Steven Scheer, Gareth Jones, Sandra Maler Organizations: REUTERS, Rights, Islamic, National Security Council, Istanbul, Police, Protesters, U.S, Embassy, NATO, Ece Toksabay, Bulent Usta, Thomson Locations: Al, Ahli, Gaza, Istanbul, Turkey, Rights ANKARA, Israel, Arabi, Ankara, Police, Turkey's, United States, U.S, Adana, Teneo, Jerusalem

☆ Web Summit CEO apologises for comments on Israeli conflict
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, Oct 17 (Reuters) - Web Summit Chief Executive and founder Paddy Cosgrave on Tuesday apologised for comments he made on the Israeli-Hamas conflict that prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month. Web Summit, one of the world's largest tech conferences, will take place in Lisbon from Nov. 13-16, with attendees from companies such as Meta (META.O) and Microsoft (MSFT.O) to investors such as Atomico. "War crimes are war crimes even when committed by allies, and should be called out for what they are," wrote Cosgrave, who was born in Ireland. Among executives to have cancelled their participation at Web Summit are AI21 Labs' Ori Goshen; Tome's Keith Peiris; Sequoia Capital partner Ravi Gupta; Yinon Costica, co-founder of Israeli cybersecurity unicorn Wiz; and Y Combinator’s Garry Tan, according to LinkedIn and X posts. Philippe Botteri, CEO of tech investor Accel, said in a LinkedIn post on Monday he would no longer speak at Web Summit.

Persons: Paddy Cosgrave, Cosgrave, I’m, Leo Varadkar's, Israel, Cosgrove, Goshen, Tome's Keith Peiris, Ravi Gupta, Yinon Costica, Y, Garry Tan, Philippe Botteri, Portugal Dor Shapira, Steven Scheer, Supantha Mukherjee, Josephine Mason, Alison Williams, Mark Potter Organizations: Web, Microsoft, Palestinian, Hamas, Irish, AI21 Labs, Sequoia Capital, Thomson Locations: Portugal, Lisbon, Gaza, Israel, Ireland, Jerusalem, Stockholm, London

[1/4] People walk into Jerusalem's Old City via Jaffa Gate, as the conflict wreaks havoc across the tourism sector October 11, 2023. Now they are empty after a devastating attack by Palestinian militant group Hamas in Israel on Oct. 7. InterContinental Hotels (IHG.L) said two of its hotels, Six Senses Shaharut and Hotel Indigo Tel Aviv – Diamond District, were temporarily shut. Australian tour operator Intrepid Travel has called off tours to Israel and Palestinian territories until the end of the year. Odysseys Unlimited has suspended its Israel trips until March 31.

Persons: Sinan Abu Mayzer, Abu Dawoud, Khader Hussein, Jesus, That's, Elias al, Dan Hotels, Isrotel, Dan, Israel, Joanna Plucinska, Steven Scheer, Doyinsola, Yadarisa, Josephine Mason, Mark Potter Organizations: REUTERS, Rights, Palestinian, Hamas, West Bank, Virgin, European, InterContinental Hotels, Indigo, Aviv, Diamond, Israel Central Bureau of Statistics, Arab Hotel Association, Intrepid, Odysseys, NEW, Thomson Locations: City, Jaffa, Rights BETHLEHEM, JERUSALEM, Bethlehem's, Israel, Palestinian, Gaza, Jerusalem, Tel Aviv, United States, European Union, Britain, Europe, Bethlehem, Tel, U.S, West, Australian, Egypt, Jordan, LONDON, Bengaluru

☆ Israeli lawmaker urges cbank to lower rates amid conflict
▼ + stars: | 2023-10-16 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

"The interest rate increases were due to inflation, and the reality has changed. I turn to the governor: just lower the interest rate," said committee chairman Moshe Gafni during a session to discuss compensation for those impacted by the fighting. Finance Minister Bezalel Smotrich, who was participating in the panel's session, rejected Gafni's call to demand Yaron lower rates. Gafni also called on banks to waive interest payments and said he was not satisfied with a central bank plan issued on Sunday. Under the plan, loan payments of mortgages, consumer credit and business credit would be deferred without charging interest and without charging fees.

Persons: Moshe Gafni, Ammar Awad, Amir Yaron, Gafni, Bezalel Smotrich, Smotrich, it's, Steven Scheer, Nick Macfie Organizations: Torah, REUTERS, Rights, Bank of Israel, Finance, Thomson Locations: Jerusalem, Israel, Gaza

☆ Half of Israel's Hotel Rooms Filled With Gaza War Evacuees
▼ + stars: | 2023-10-16 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

By Steven ScheerJERUSALEM (Reuters) - Half of Israeli hotel rooms are being used to house families evacuated from communities near the Gaza Strip, where an Oct. 7 rampage by Hamas gunmen triggered a cross-border war, the head of the Israel Hotel Association said on Monday. Israel has 56,000 hotel rooms and 28,000 are being provided to evacuees with the state footing the bill, said association chief executive Yael Danieli. She told a parliamentary panel debating compensation for residents impacted by the war that an additional 27,000 from border towns near Lebanon were expected. The Israeli-Lebanon border has seen an increase in hostilities as the Gaza war rages. Yogev Gardos, Israel's budget director, said the country's initial response was to finance the military's needs and now it would turn to the economy as a whole.

Persons: Steven Scheer JERUSALEM, Yael Danieli, Danieli, Isrotel, Yogev, Steven Scheer, Kirsten Donovan Organizations: Israel Hotel Association Locations: Gaza, Israel, Lebanon, Tel Aviv, Jerusalem, Herzliya, Red, Eilat

☆ Half of Israel's hotel rooms filled with Gaza war evacuees
▼ + stars: | 2023-10-16 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

People walk into Jerusalem's Old City via Jaffa Gate, as the conflict wreaks havoc across the tourism sector October 11, 2023. REUTERS/Sinan Abu Mayzer/File Photo Acquire Licensing RightsJERUSALEM, Oct 16 (Reuters) - Half of Israeli hotel rooms are being used to house families evacuated from communities near the Gaza Strip, where an Oct. 7 rampage by Hamas gunmen triggered a cross-border war, the head of the Israel Hotel Association said on Monday. Israel has 56,000 hotel rooms and 28,000 are being provided to evacuees with the state footing the bill, said association chief executive Yael Danieli. She told a parliamentary panel debating compensation for residents impacted by the war that an additional 27,000 from border towns near Lebanon were expected. The Israeli-Lebanon border has seen an increase in hostilities as the Gaza war rages.

Persons: Sinan Abu Mayzer, Yael Danieli, Danieli, Isrotel, Yogev, Steven Scheer, Kirsten Donovan Organizations: REUTERS, Rights, Israel Hotel Association, Thomson Locations: City, Jaffa, Gaza, Israel, Lebanon, Tel Aviv, Jerusalem, Herzliya, Red, Eilat

☆ Netanyahu Partner Says Israel's Leaders Failed to Protect Citizens
▼ + stars: | 2023-10-15 | by ( Oct. | At P.M. | ) www.usnews.com time to read: 1 min

JERUSALEM (Reuters) - Israeli Finance Minister Bezalel Smotrich said on Sunday the government was taking responsibility for the devastating attack that allowed Hamas militants to enter Israel and kill hundreds of Israeli civilians. "We have to admit honestly, painfully and with a bowed head - we, the state leadership and the security establishment, have failed in maintaining the security of our citizens," Smotrich, a key partner in Prime Minister Benjamin Netanyahu's government, told a news conference. "We failed to implement the unwritten contract, the first of its kind between a state and its citizens. A contract that was written in blood and is now stained with blood." (Reporting by Ari Rabinovitch and Steven Scheer; editing by James Mackenzie)

Persons: Bezalel Smotrich, Benjamin Netanyahu's, Ari Rabinovitch, Steven Scheer, James Mackenzie Organizations: Israeli Locations: JERUSALEM, Israel

"But there is no doubt this war will have fiscal implications that will depend on its intensity and duration," he said in published remarks. "However, with the appropriate budget adjustments, ones that I believe are manageable, there should be no major changes to our fundamental fiscal position." He noted that Israel entered this war with a very solid fiscal position - a debt-to-GDP ratio just below 60% and a budget deficit of around 1.5% of GDP with similar projections for 2024. The central bank, Yaron noted, was using a variety of policy tools to assure the continuing functioning of the markets. Yaron said Israel's forex reserves of some $200 billion "provides us with ample capacity to support the Israeli economy."

Persons: Amir Yaron, Yaron, Israel, Israel's, Steven Scheer, Ari Rabinovitch, Louise Heavens, Giles Elgood Organizations: Bank of Israel, Hamas, The Bank, Israel, Thomson Locations: Gaza, Israel

☆ Israel's leaders failed to protect citizens, finance minister Bezalel Smotrich says
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +1 min

Israeli Finance Minister Bezalel Smotrich attends an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023. REUTERS/Amir Cohen/File photo Acquire Licensing RightsJERUSALEM, Oct 15 (Reuters) - Israeli Finance Minister Bezalel Smotrich said on Sunday the government was taking responsibility for the devastating attack that allowed Hamas militants to enter Israel and kill hundreds of Israeli civilians. "We have to admit honestly, painfully and with a bowed head - we, the state leadership and the security establishment, have failed in maintaining the security of our citizens," Smotrich, a key partner in Prime Minister Benjamin Netanyahu's government, told a news conference. "We failed to implement the unwritten contract, the first of its kind between a state and its citizens. Reporting by Ari Rabinovitch and Steven Scheer; editing by James MackenzieOur Standards: The Thomson Reuters Trust Principles.

Persons: Bezalel Smotrich, Amir Cohen, Benjamin Netanyahu's, Ari Rabinovitch, Steven Scheer, James Mackenzie Organizations: Tel, REUTERS, Rights, Israeli, Thomson Locations: Tel Aviv, Petah Tikva, Israel

STOCKHOLM/AMSTERDAM, Oct 12 (Reuters) - Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with carriers including Dutch KLM cancelling flights while sister airline Air France mounted a special relief flight chartered by the French foreign ministry. Israel's parliamentary finance committee meanwhile approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines. The framework will grant Israeli airlines cover against war risks, thereby ensuring the continuity of air operations. Foreign airlines have struggled to find a common approach and the head of European budget giant Ryanair (RYA.I) said it was up to governments to plot the way forward. PATCHY RESPONSEGermany's Lufthansa (LHAG.DE) said it was sticking to its plans for evacuation flights on Thursday and Friday, while continuing to ground commercial flights to Israel.

Persons: Ben Gurion, Ben Smith, Ed Bastian, Sasha Gainullin, Rafael Schvartzman, Obama, Anna Ringstrom, Bart H, Meijer, Tim Hepher, Joanna Plucinska, Julia Payne, Carolyn Cohn, Steven Scheer, Rajesh Kumar Singh, Doyinsola, Terje Solsvik, Deborah Kyvrikosaios, Diane Craft Organizations: Airlines, Dutch KLM, Air France, Palestinian, Israel's, Norwegian Air, Insurance, Reuters, Foreign, Ryanair, KLM, Boeing, Lufthansa, Dubai's Emirates, Delta Air Lines, International Air Transport Association, Regulators, U.S . Federal Aviation Administration, Thomson Locations: STOCKHOLM, AMSTERDAM, Israel, Palestinian, Tel Aviv's, Ben, Gaza, Tel Aviv, Eilat, Emirates, United States, Europe, U.S, Ben Gurion

Most foreign airlines have suspended or curtailed services, leaving passengers uncertain how to leave or reach the country and consular services struggling to keep up with demand for assistance, with priority given to those with missing relatives. Israel's parliamentary finance committee said late on Tuesday it would debate authorising state guarantees for providing war risk insurance for Israeli airlines. British Airways said it would suspend flights to Tel Aviv after diverting a flight from London back to Britain shortly before it was due to reach Tel Aviv, citing security concerns. U.S. Transportation Secretary Pete Buttigieg said Washington remains in talks with U.S. airlines about flights to Israel. Passengers have complained of mounting costs especially for leaving Israel, but airlines deny driving up prices.

Persons: Yiannis, El Al, Sun Dor, Israel, ” Neil Roberts, Jan Lipavsky, Lipavsky, couldn't, Annalena Baerbock, Carsten Spohr, Pete Buttigieg, flydubai, Steven Scheer, Carolyn Cohn, Jacob Gronholt, Pedersen, Michael Kahn, Victoria Klesty, Joanna Plucinska, Tim Hepher, Huseyin Hayatsever, David Shepardson, Alexander Cornwell, Mark Potter, Lincoln Organizations: Larnaca International Airport, REUTERS, El, Hamas, Association, British Airways, Lufthansa, German, . Transportation, U.S, Nordic, Dubai's Emirates, Etihad Airways, Thomson Locations: Israel, Larnaca, Cyprus, Israeli, Athens, Rome, Madrid, Bucharest, New York, Paris, Istanbul, El, Tel Aviv, London, Britain, Czech, Oman, Prague, Lipavsky, Denmark, Carsten Spohr ., Washington, Norwegian, Oslo, Abu Dhabi, United States, COVID

☆ Analysis: War with Hamas threatens funding recovery in Israel's vital tech industry
▼ + stars: | 2023-10-10 | by ( Steven Scheer | ) www.reuters.com time to read: +5 min

"This is not a particularly easy time to get investment," he added, noting the number of flights to Israel that have been cancelled. CONFIDENCE EARNEDThat said, Hasson and others expect Israel's tech sector to rebound in the same way it has in past conflicts with Palestinian and Hezbollah militants. Medved said that he believes that Israel will prevail as an tech investment destination. "Historically, every time Israel has gone to war, long term has been a buy side," he said. "That shift may even help push those investors who might have been reluctant (to invest in Israel)," he said.

Persons: Jon Medved, Israel, Maya Eisen Zafrir, Avi Hasson, Hasson, Medved, Arie Zilberstein, Gem's, Ariel Efergan, Hillel Fuld, Steven Scheer, Krystal Hu, Louise Heavens Organizations: Overseas, OurCrowd, Hamas, Silicon Valley Bank, IVC Research, Investment, Startup Nation, Israel, U.S, Insight Partners, Security, Startup, Thomson Locations: Israel's, Israel, Gaza, Egypt, Yom, Silicon, Palestinian, New York, Tel Aviv, Jerusalem

The Bank of Israel building is seen in Jerusalem June 16, 2020. The move appeared to quickly calm the market as the shekel recovered from steep early losses. The central bank also said it would provide liquidity through SWAP mechanisms in the market of up to $15 billion. "The Bank of Israel will continue monitoring developments, tracking all the markets, and acting with the tools available to it as necessary," it said. Last month, Bank of Israel Governor Amir Yaron told Reuters that despite the sharply weaker shekel that has helped to push up inflation, there was no need to intervene since there were no market failures.

Persons: Ronen, Amir Yaron, Steven Scheer, Ari Rabinovitch, Emily Rose, Jacqueline Wong, Sonali Paul Organizations: of, REUTERS, Rights, Bank, Israel, Palestinian, Bank of Israel, Reuters, Thomson Locations: of Israel, Jerusalem, Gaza, Israel, Egypt, Yom

The Bank of Israel building is seen in Jerusalem June 16, 2020. The shekel fell 2.2% versus the dollar to 3.924 - its lowest since a 2016 - after the announcement, then steadied. The central bank also said it would provide liquidity through SWAP mechanisms in the market of up to $15 billion. "The Bank of Israel will continue monitoring developments, tracking all the markets, and acting with the tools available to it as necessary," it said. Israel's dollar-denominated government bonds also fell sharply in early European trading as investors got their first chance to react to the unprecedented weekend attack.

Persons: Ronen, Amir Yaron, Steven Scheer, Ari Rabinovitch, Emily Rose, Marc Jones, Jacqueline Wong, Sonali Paul, Andrew Heavens Organizations: of, REUTERS, Rights, Bank, Israel, Palestinian, Citi, Bank of Israel, Reuters, Thomson Locations: of Israel, Jerusalem, Gaza, Israel, Egypt, Yom, Tel Aviv, London

He said in the short-term resources could be diverted if the conflict expands, such as staff at tech companies being called up as military reservists. "They will probably increase the investment in AI," Krosby said. "It could bolster support for more financial resources for tech for the military, which then ultimately transitions to the private sector tech companies," Krosby added. The tech sector has shown resilience in the past, overcoming a number of conflicts with Hamas in Gaza. Apjit Walia the Managing Director at DVN Capital said the Israeli tech sector "has historically bounced back from geopolitical tragedies."

Persons: Amir Cohen, Israel, Jack Ablin, Quincy Krosby, Jensen Huang, Benjamin Netanyahu, LPL's Krosby, Krosby, DVN Capital, Max A, Cherney, Mica Rosenberg, Steven Scheer, Kenneth Li, Megan Davies, Jamie Freed Organizations: Intel, REUTERS, FRANCISCO, Tech, Hamas, Cresset Wealth, Financial, Intel Corp, Sunday, Nvidia, Tel, Semiconductor, Meta, Apple, Microsoft, IBM, Google, Facebook, DVN, Thomson Locations: Petah Tikva, Tel Aviv, Israel, JERUSALEM, Gaza, Charlotte , North Carolina, United States, Silicon Valley, Kiryat Gat, Apjit, Francisco, New York, Jerusalem

☆ Israel retaliates after Hamas attacks, deaths pass 1,100
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +10 min

Israeli military spokesperson Lieutenant Colonel Jonathan Conricus said the country had called in around 100,000 soldiers. Iran is an ally of Hamas and while it congratulated Hamas on the attack, its mission to the United Nations said Tehran was not involved in the attacks. Several international air carriers have suspended flight services with Tel Aviv in light of the Hamas attack, saying they are waiting for conditions to improve before resuming. In Gaza, Hamas spokesperson Hazem Qassem condemned the U.S. announcement as "an actual participation in the aggression against our people" and said the group would not be intimidated. The United States led Western denunciations of Hamas' attack, with Biden issuing a blunt warning to Iran and others on : "This is not a moment for any party hostile to Israel to exploit these attacks."

Persons: Israel, Benjamin Netanyahu's, Yoav Gallant, Jonathan Conricus, Brent, Ebrahim Raisi, they're, They're, Yoni Asher, Uri David, Mohammed Salem, Attar, Daniel Hagari, Netanyahu, Aaron David Miller, Joe Biden, Lloyd Austin, Gerald R, Hazem Qassem, Lebanon's, Peacemaking, Ismail Haniyeh, Gazans, Maayan Lubell, Ari Rabinovitch, Nidal, Ammar Anwar, Henriette Chacar, Emily Rose, Dan Williams, Ali Sawafta, Steven Scheer, James Mackenzie, Angus McDowall, Andrew Cawthorne, Matt Spetalnick, Stephen Coates, Michael Perry Organizations: Fighters, United Nations, Nasdaq, Sunday, REUTERS, White, National Security, Islamic, Carnegie Endowment, International, . Defense, Ford Carrier Strike Group, Palestinian, West Bank, Palestinian Authority, Jerusalem, United, Biden, Thomson Locations: Gaza, JERUSALEM, GAZA, Israel, Egypt, Yom, Ofakim, Iran, Tehran, Tel Aviv, Lebanon's Iran, Palestine, Gaza City, Palestinian, U.S, Saudi Arabia, United States, Jerusalem, Sderot, Ramallah, Modiin, Washington

Witnesses said several Hamas security headquarters and ministries were hit, and the strikes destroyed some roads and houses. He said Hamas would execute an Israeli captive for every Israeli bombing of a civilian house without warning. There was no immediate response from the Israeli military to that threat. [1/5]Flames and smoke billow during Israeli strikes in Gaza, October 9, 2023. Egyptian President Abdel Fattah al-Sisi and his Turkish counterpart Tayyip Erdogan called on Hamas and Israel to immediately end violence and protect civilians, the Egyptian presidency said.

Persons: Fighting, Witnesses, Abu Ubaida, Eli Cohen, Daniel Hagari, James, Joe Biden, Biden, Mohammed Salem, Israel, Yoav Gallant, Omar Shakir, Khan Younis, Antonio Guterres, Abdel Fattah al, Tayyip Erdogan, Emily Rose, Maayan Lubell, Ari Rabinovitch, Nidal, Ammar Anwar, Henriette Chacar, Dan Williams, Ali Sawafta, Steven Scheer, Patricia Zengerle, Howard Goller Organizations: Israel, Gaza's Health, Palestinian Telecommunication Co, Israeli, BBC, United, REUTERS, Palestine, Human Rights, Reuters, U.S, Thomson Locations: JERUSALEM, GAZA, Israel, Gaza, Israeli, Jihad, Italy, Thailand, Ukraine, Washington, United States, Beit Lahia, Khan, U.S, Lebanon, Tel Aviv, Jerusalem, Sderot, Ramallah, Modiin

☆ Israel markets sink, businesses shut after Hamas attack
▼ + stars: | 2023-10-08 | by ( Steven Scheer | ) www.reuters.com time to read: +4 min

A building is ablaze following rocket attacks from the Gaza Strip, in Tel Aviv, Israel October 7, 2023. Israel has retaliated with air strikes on Hamas targets in Gaza. Gaza militants also fired thousands of rockets into Israel, some reaching as far as Tel Aviv, prompting airlines to suspend flights to and from Israel. Air India said flights to and from Tel Aviv would be suspended until Oct. 14. "We are closely monitoring the situation in Israel and taking steps to safeguard and support our workers," a spokesman said.

Persons: Ron, Jonathan Katz, Bezalel Smotrich, Arkia, Israir, Jensen Huang, Ron Tomer, Steven Scheer, Bernadette Baum Organizations: REUTERS, Rights, Key Tel, Capital Markets, Bank of Israel, Hamas, Israel . Finance, Bank, Israel, AIR, Delta Air Lines, United Airlines, Nvidia, Tel, Manufacturers, Association, Intel Corp, Tower Semiconductor, Thomson Locations: Gaza, Tel Aviv, Israel, Key, Key Tel Aviv, New York, Atlanta, TLV, India, Athens, Larnaca, Cyprus

☆ Israeli tech firms raised $1.7 bln in Q3 in sign of stabilisation -report
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Sept 26 (Reuters) - Israeli high-tech firms raised $1.7 billion in the third quarter, preliminary data showed on Tuesday, in a sign that investment in startups is stabilising. The amount raised in the third quarter was down 38% over the same period in 2022 but only 14% lower from the second quarter, the IVC Research Center and LeumiTech said in a report. Israeli tech companies have raised $5.3 billion so far this year, with $1.9 billion coming in the second quarter. In all of 2022, tech firms raised nearly $16 billion, mainly in the first half before the global economic slowdown, higher interest rates and weak stock markets hit. The Israeli government's plan to overhaul the country's judiciary has also harmed fundraising, with many investors wary and vocal about the country's democratic health.

Persons: LeumiTech, Maya Eisen, Steven Scheer, Kirsten Donovan Organizations: IVC Research, Thomson Locations: Israeli

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