Israel Financial News

the USS Dwight D. Eisenhower after an eight-month deployment in which the aircraft carrier led the American response to the Houthi assaults. Those attacks have reduced shipping drastically through the route crucial to Asian, Middle East and European markets in a campaign the Houthis say will continue as long as the Israel-Hamas war rages in the Gaza Strip.

An Iranian-backed umbrella group known as the Islamic Resistance in Iraq has claimed an attack targeting the southern Israeli port city of Eilat

A U.S. aid official says thousands of tons of food, medicines and other aid piled up on a Gaza beach isn’t reaching those in need because of a dire security situation on the groun

Authorities say a suspected attack by Yemen’s Houthi rebels has targeted a ship in the Gulf of Aden

Dr. Reddy’s said in the statement.The Hyderabad-based company will inherit the global nicotine replacement therapy (NRT) brand Nicotinell with a footprint in over 30 countries spanning Europe, Asia including Japan, and Latin America, along with the brand Nicabate, Habitrol and Thrive in markets outside of the US.“…The portfolio is attractive for its customer loyalty, its global nature, and the access it provides to key customers," said Israeli."We believe we can unlock more value, grow the portfolio further, and increase consumer access around the world to these global brands.

Yemen's Houthi rebels early Wednesday targeted a ship in the Gulf of Aden and the southern Israeli port city of Eilat, authorities said. The attacks follow the departure of the USS Dwight D. Eisenhower after an eight-month deployment in which the aircraft carrier led the American response to the Houthi assaults. Those attacks have reduced shipping drastically through the route crucial to Asian, Middle East and European markets in a campaign the Houthis say will continue as long as the Israel-Hamas war in the Gaza Strip rages. The ship attack happened off the coast of Aden, the British military's United Kingdom Maritime Trade Operations center said.

TEL AVIV—Israel’s military must begin drafting ultra-Orthodox Jewish students, the country’s Supreme Court ruled Tuesday, in a decision likely to put pressure on Prime Minister Benjamin Netanyahu’s right-wing coalition as Israel fights its war in Gaza. A unanimous panel of judges ruled that there is no legal basis for exempting ultra-Orthodox religious scholars after a series of laws and government decisions carving out service exemptions were either struck down by the court or expired.

Once one of the largest cryptocurrency exchanges in the world before its monumental collapse two years ago, FTX said this week that nearly all of its customers will receive the money back that they are owed.

Fallen cryptocurrency exchange FTX says that nearly all of its customers will receive the money back that they are owed, two years after its spectacular implosion, and some will get more than that.

Bab el-Mandeb chokepoint to a new level and is driving a fresh surge in insurance costs. The British navy said Tuesday that the only visible objects in the last known location of the Tutor dry-bulk carrier — at which point it was semi submerged — were some debris and an oil slick. Yemen’s Houthi militants managed to strike it with a seaborne drone, killing one crew member and injuring others. They said they eventually sank it with explosives. Register for the ET MSME Day 2024 here.

Ukraine is experiencing rolling blackouts as Russia intensified strikes targeting energy infrastructure over the past three months

An aerial drone likely launched by Yemen’s Houthi rebels struck and damaged a vessel in the Red Sea

Gaza City being used to distribute aid, Palestinian witnesses said, as Israeli tanks pushed further into the southern city of Rafah. The strike hit part of a vocational college run by the U.N. Palestinian refugee agency UNRWA now providing aid to displaced families, the witnesses said. «Some people were coming to receive coupons and others had been displaced from their houses and they were sheltering here. Some were filling up water, others were receiving coupons, and suddenly we heard something falling. We ran away, those who were carrying water let it spill,» said Mohammed Tafesh, one of the witnesses.

Washington on Sunday to discuss the next phase of the Gaza war and escalating hostilities on the border with Lebanon, where exchanges of fire with Hezbollah have stoked fears of wider conflict. Iran-backed Hezbollah began attacking Israel shortly after Hamas' Oct. 7 assault sparked the war in Gaza, and the sides have been trading blows in the months since then. Hezbollah has said it will not stop until there is a ceasefire in Gaza. «We are prepared for any action that may be required in Gaza, Lebanon, and in more areas,» Gallant said in a statement before setting off to Washington, where he said he would meet his counterpart Lloyd Austin and Secretary of State Antony Blinken.

Netanyahu told his Cabinet on Sunday that there had been a «dramatic drop» in U.S. weapons deliveries for Israel's war effort in Gaza, doubling down on a claim that the Biden administration has denied and underscoring the growing strains between the two allies. Netanyahu told his Cabinet that the drop had occurred four months ago, without specifying which weapons, saying only that «certain items arrived sporadically but the munitions at large remained behind.» The spat highlights how high tensions have surged between Israel and Washington over the war in Gaza, particularly surrounding the Israeli military's conduct in the beleaguered territory and the harm to civilian life there. President Joe Biden has delayed delivering certain heavy bombs since May over those concerns, but his administration fought back last week against Netanyahu's charges that other shipments had also been affected.

Israeli strikes across northern Gaza on Saturday, as rescue workers scrambled to find survivors beneath the rubble, according to Palestinian and hospital officials. Fadel Naem, director of the al-Ahli Hospital in Gaza City, told The Associated Press that more than three dozen bodies arrived at the hospital. The Palestinian Civil Defense, an emergency group active in Gaza, said its emergency workers were digging for survivors at the site of a strike in the Shati refugee camp west of Gaza City and that it had pulled several dozen bodies from a building hit by an Israeli strike in an eastern neighborhood of Gaza City. Israel said Saturday that its fighter jets struck two Hamas military sites in the Gaza City area but did not elaborate further.

anti-government protests in several parts of Israel on Saturday night, calling for new elections and the return of hostages held in Gaza, The Times of Israel reported. On Tel Aviv's Kaplan Street, David Grossman, one of Israel's best-known authors, urged the people of Israel to fill the streets with demonstrations and fight for their country in a poem he read to protesters.

the sinking this week of the ship Tutor, which marked what appears to be a new escalation by the Iranian-backed Houthis in their campaign of strikes on ships in the vital maritime corridor over the Israel-Hamas war in the Gaza Strip. Meanwhile, the U.S. military ordered the USS Dwight D.

Gaza City in the north of the Palestinian enclave on Saturday, the director of the Hamas-run government media office said. One Israeli strike on houses in Al-Shati, one of the Gaza Strip's eight historic refugee camps, killed 24 people, Ismail Al-Thawabta told Reuters. Another 18 Palestinians were killed in a strike on houses in the Al-Tuffah neighborhood. The Israeli military released a brief statement saying: «A short while ago, IDF fighter jets struck two Hamas military infrastructure sites in the area of Gaza City.»

Red Sea needs to more than double in size because of escalating attacks by Iran-backed Houthi rebels, the head of the operation said. Four EU vessels have been patrolling the waters off the coast of Yemen since February. In that time, they’ve provided “close assistance” to 164 ships, shot down more than a dozen unmanned aerial vehicles and destroyed four anti-ship ballistics missiles, Rear Admiral Vasileios Gryparis said in an interview on Wednesday. The Yemen-based Houthis began attacking vessels last year to pressure Israel and its allies over the war in the Gaza Strip. Their campaign has roiled global shipping, forcing many vessels to sail thousands of miles around southern Africa instead — despite the EU operation and US and UK bombing that began in January.

India-UAE leg of the strategic India-Middle East Europe Economic Corridor (IMEE-EC) is set to begin, with a digital platform for information exchange between the two countries' ports expected to be operational within the first 100 days of the Modi government, according to The Times of India. Despite tensions in West Asia affecting the project, the G7 recently expressed strong support for the ambitious multi-country initiative. The India-UAE sea corridor is divided into five phases, with the second phase focusing on customs connectivity and the third on regulatory agencies. The IMEE-EC aims to facilitate the seamless movement of cargo from locations like Hajipur in Bihar to Haifa in Israel, requiring common port and customs documentation across countries, as well as standardized equipment and containers in all ports and dry docks.