Israel Financial News

Brent futures for May delivery were up 24 cents at $82.45 a barrel by 1420 GMT. The April U.S. West Texas Intermediate (WTI) crude contract rose 31 cents at $78.24.

With no end to fighting in sight, Palestinians in Gaza have begun fasting for the holy month of Ramadan as hunger worsens across the strip and pressure grows on Israel over the growing humanitarian crisis

President Joe Biden has issued a budget proposal for a second term aimed at getting voters’ attention with tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations

Bank of Nova Scotia’s asset-management arm reduced its stake in Israeli defence contractor Elbit Systems Ltd., an investment that sparked protests last year as the war between Israel and Hamas raged on.

By Trevor Hunnicutt and David Lawder

EAM S Jaishankar Exclusive: Our next guest at #Expressadda is Dr Jaishankar who has been the face of India’s diplomacy in the fast-changing world in the last five years. The first Foreign Secretary to become the Foreign Minister of the country, he has been key to shaping India’s foreign policy in the past few years, where challenges like then COVID-19 pandemic, an assertive China in India’s neighbourhood, the Russia-Ukraine war and the Israel-Hamas conflict, have upended the global world order.

Shortly after Israel launched its sweeping military operation in Gaza in response to Hamas’s Oct. 7 assault, Jake Sullivan, President Biden’s national security adviser, sat down for an hour-long private meeting at the White House with a group of Muslim and Arab-American leaders. They implored the administration to do more to protect Palestinian civilians in the Gaza, as well as the West Bank, where settler violence was escalating.

TEL AVIV—The last email Israeli tech executive Itamar Ben Hemo sent before a bullet ripped through his ribs, diaphragm and intestine was a note to a colleague. Ben Hemo wanted to know how close the startup he founded was to signing on a new client.For weeks, Ben Hemo—an Israeli army reservist who returned to active duty after Hamas’s deadly Oct. 7 attack on southern Israel—had been using breaks in combat to fire up his laptop, messaging investors and working on making his next sales.

By Yuka Obayashi

holy month of Ramadan, significant for Muslims, usually sees heightened tensions in the region. Clashes have historically erupted during this time, particularly in Jerusalem's Old City, a site sacred to Jews, Christians and Muslims.

FRANKFURT (Reuters) — Israel's Prime Minister Benjamin Netanyahu has told a German newspaper that at least 13,000 «terrorists» were among Palestinians killed during Israel's air and ground assault on Gaza.

By Sinan Abu Mayzer. Nidal al-Mughrabi. Bassam Masoud

Officials say an attack by Yemen’s Houthi rebels set off explosions ahead of a Singapore-flagged vessel in the Gulf of Aden

A top U.S. Treasury official has pressed Lebanese authorities to prevent funds from being funneled to Hamas by way of Lebanon during a visit to Beirut

Egypt was in contact with senior Hamas and Israeli figures as well as other mediators on Sunday in an effort to restart negotiations for a truce in the Gaza Strip during the Muslim holy month of Ramadan, which begins on Monday or Tuesday, two Egyptian security sources said. Egypt's contacts with Hamas and Israeli intelligence agency Mossad on Sunday were carried out under a mandate from the Egyptian presidency in an effort to bring the two sides' divergent positions together, the sources said, without providing further details.

US Army vessel carrying equipment for building a temporary pier in Gaza was on its way to the Mediterranean on Sunday, three days after US President Joe Biden announced plans to increase aid deliveries by sea to the besieged enclave where hundreds of thousands of Palestinians are going hungry. The new push for aid came in the final hours before the Muslim holy month of Ramadan, which could start as early as Sunday evening, depending on the sighting of a crescent moon. Hopes for a new cease-fire by Ramadan faded days ago with negotiations apparently stalled. The opening of the sea corridor, along with airdrops by the US, Jordan and others, showed growing alarm over Gaza's deadly humanitarian crisis and a new willingness to bypass Israeli control over land shipments. Israel said that it welcomed the sea deliveries and would inspect Gaza-bound cargo before it leaves a staging area in nearby Cyprus.

Israel and Hamas, the Islamist movement that controls Gaza. That 10-day conflict has been dwarfed by the current war, which is now in its sixth month. It began on Oct.

By James Oliphant and Nandita Bose

digital brokerage eToro is seeking a valuation of more than $3.5 billion and considers the U.S. a potential destination to list its shares, the Financial Times reported on Sunday. The retail trading platform is weighing an initial public offering (IPO) in New York or London, CEO Yoni Assia told the newspaper, adding that a US listing would give the company access to a broader range of investors than a presence on the British market.

Reuters. On March 9, CENTCOM informed that the military was responding to a large-scale attack on ships in the Red Sea and Gulf of Aden between 4 am and 6:30 am (as per GMT).

Joe Biden said Benjamin Netanyahu's approach to the war in Gaza was «hurting Israel more than helping Israel» in an interview aired Saturday, as the US leader's impatience with his Israeli counterpart grows increasingly visible. With Gaza's humanitarian crisis growing more dire and Biden's left flank in uproar, the US president made contradictory remarks as to the question of a «red line» over Israel's threatened offensive on Rafah in southern Gaza.