Israel Financial News

The Treasury Department says it has sanctioned two people and a Greece-based commercial spyware company headed by a former Israeli military officer that developed and distributed technology used to target U.S. government officials, journalists and poli...

Italian lawmakers have approved the country’s participation in an EU naval mission to protect cargo ship in the Red Sea from attacks by Houthi rebels in Yemen threatening maritime traffic

The Middle East franchisee of Starbucks has begun firing some 2,000 staff at its coffee shops across the region after the brand found itself targeted by activists during the ongoing Israel-Hamas war in the Gaza Strip

A suspected attack by Yemen’s Houthi rebels on a ship in the Gulf of Aden caused “fatalities” Wednesday

Egypt has floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan to $8 billion

Israel and Hamas war has entered its fifth month. Skirmishes that inflated into a genocidal war Israel unleashed upon Gaza in retaliation has now killed over 30,000 Palestinians.

Investing.com-- Oil prices fell slightly in Asian trade on Wednesday amid persistent concerns over slowing demand this year, although steady production cuts by the OPEC+ and little de-escalation in the Israel-Hamas war heralded tighter supplies.

By Anjana Anil and Ashitha Shivaprasad

Cairo talks have been billed as a final hurdle to reach the first extended ceasefire in the war between Hamas and Israel- a 40-day truce during which Israeli hostages would be freed and aid pumped into Gaza — ahead of Ramadan, which is due to begin at the start of next week. «The delegation will remain in Cairo on Tuesday for more talks, they are expected to wrap up this round later today,» a Hamas official told Reuters. Egypt's Qahera television also reported the talks had been extended for a third day, but said they were «facing difficulties». Earlier, senior Hamas official Bassem Naim told Reuters the militant group had presented its proposal for a ceasefire agreement to the mediators, and was now waiting for a response from the Israelis, who have stayed away from this round. "(Prime Minister Benjamin) Netanyahu doesn't want to reach an agreement and the ball now is in the Americans' court" to press him for a deal, Naim said.

Palestinian officials say an Israeli airstrike has killed at least 17 people in the southern Gaza city of Khan Younis

India is “positively” considering specific requests from the troubled UN agency for Palestine Refugees for assistance in kind, even as Delhi expressed “serious concern” over recent allegations that some of its employees may have been involved in the October 7 Hamas terrorist attack on Israel.

OurCrowd said on Tuesday its new artificial intelligence (AI) fund was collaborating with Nvidia to fast track some of its AI startups into the Nvidia Inception programme. Inception helps startups evolve faster through cutting-edge technology, connecting with venture capitalists, and having access to the latest technical resources and tools from Nvidia.

Indian man, Pat Nibin Maxwell, was tragically killed in a missile strike near the Israel-Lebanon border on Monday. The attack, which targeted an orchard in northern Israel, also injured two other Kerala natives, Paul Melvin and Bush Joseph George. Maxwell, who hailed from Kollam, Kerala, had only been in Israel for two months, leaving behind his pregnant wife and five-year-old daughter. His family received the devastating news in a phone call from his wife on Monday evening, learning of his initial injury and later, his passing. «He was in Muscat and Dubai and then returned home,» Maxwell's father, Pathrose, recounted. «Then, he went to Israel. First my elder son went there. A week later, my younger son followed.»

Houthis are targeting merchant ships belonging to either Israel, the US or the UK in the Red Sea with drones and missiles and the situation is «not very good». Describing the activities in the Red Sea as «an offshoot of the Israel-Hamas conflict», the Admiral said the Indian Navy is providing necessary protection primarily to India-flagged ships and also to other vessels that seek assistance. «Indian Navy is supporting all merchant ships in their to and fro journey between the Red Sea and Indian Ocean Region. Primarily, we are looking at the India-flagged vessels but also assisting any ship that seeks our help,» the Naval chief told reporters on the sidelines of the inauguration of the new Administrative building of Naval War College near Panaji. Admiral Kumar further said the Indian Navy has given a clear message (to attackers) that we will not tolerate such acts, [which] make the Indian Ocean unsafe".

Israel on Tuesday advised Indians working in Israeli border areas to relocate to safe zones within the country. The advisory comes a day after an anti-tank missile attack near Israel's border with Lebanon killed one foreign worker and seriously wounded two Indians. «In view of the prevailing security situation and local safety advisories, all Indians nationals in Israel, especially those working in or visiting border areas in the north and south, are advised to relocate to safe areas within Israel,» said the embassy in a post on X. «The Embassy remains in touch with the Israeli authorities to ensure the safety of all our nationals,» it added.

Three cables under the Red Sea that provide global internet and telecommunications have been cut as the waterway remains a target of Yemen’s Houthi rebels

India is committed to support a two-state solution where the Palestinian people are able to live freely in an independent country, with due regard to the security needs of Israel, India's Permanent Representative to the United Nations Ruchira Kamboj has said. Delivering an address at the United Nations General Assembly Meeting on the Use of Veto on Monday, Kamboj said that India's position on the conflict has been clear and has been stated on several occasions. «Only a Two-State solution, achieved through direct and meaningful negotiations between both sides on final status issues, will deliver an enduring peace. India is committed to support a Two-State solution where the Palestinian people are able to live freely in an independent country within secure borders, with due regard to the security needs of Israel,» Kamboj said.

Investing.com-- Oil prices moved little in Asian trade on Tuesday, nursing some losses from the prior session and seeing little support as top importer China presented a middling economic growth forecast for 2024.

Hamas committed rape, «sexualized torture,» and other cruel and inhumane treatment of women during its surprise attack in southern Israel on October 7. There are also «reasonable grounds to believe that such violence may be ongoing,» said Pramila Patten, who visited Israel and the West Bank from January 29 to February 14 with a nine-member technical team.

By Georgina McCartney

The European Union says it will pay $54 million to the main provider of aid in Gaza next week