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2 Israeli tech firms to pull funds out of the country, citing risk posed by Netanyahu government
(JTA) — The Israeli founder of an international payroll company that provides services to Toyota and Microsoft has announced that she will move her company’s money out of Israel over concerns about its new right-wing government.
Eynat Guez, a co-founder and CEO of Papaya Global, which was valued at $3.7 billion in 2021, made the announcement Thursday on Twitter. Her announcement came the morning after Israeli Prime Minister Benjamin Netanyahu defended his government’s proposed judiciary reforms and after weeks of mounting warnings, from within Israel and abroad, that the reforms could harm Israel’s credit rating. Netanyahu dismissed those warnings on Wednesday as overblown.
“Following Prime Minister Netanyahu’s statements that he is determined to pass reforms that will harm democracy and the economy, we made a business decision at Papaya Global to withdraw all of the company’s funds from Israel,” Guez tweeted on Thursday morning. “In the emerging reform, there is no certainty that we can conduct international economic activity from Israel. This is a painful but necessary business step.”
Guez has emerged as a leader within Israel’s vaunted tech sector in protests against the new government, speaking at a rally of tech workers in Tel Aviv that took place last weekend amid protests around the country. The rallies are largely focused on the governing coalition’s judiciary proposals, including legislation that would allow the Knesset, Israel’s parliament, to overrule Supreme Court decisions.
In her speech, Guez said she had been encouraged to raise money for Papaya Global from the United States, a common step for Israeli firms, but had resisted because she wanted to live in Israel and raise her children there, the way her parents had after immigrating from their birthplaces in Morocco and Tunisia.
She also noted that $54 billion in capital from abroad had been invested in Israeli companies in the past three years. “Without a democracy, we’d never have these $54 billion,” she said. “And not the tens of thousands of employees who joined the high-tech sector in recent years.”
Guez said foreign investors had been calling with concern about whether Israel’s democracy was crumbling. “Just like in Brazil, Venezuela and Hungary, no leading investor or financial institute will let his billions stay in a country with a crumbling democracy,” she said. She added, “Let’s say this loud and clear: Startup Nation without a democracy cannot stand.”
A second, smaller Israeli tech company is also moving its bank accounts out of Israel, according to the Israeli tech publication Calcalist. The firm, Disruptive AI, raises money for artificial intelligence startups and manages $250 million in funds.
Guez did not further explain Papaya’s business decision on Thursday and how it would affect the company or its employees. The company, which says it manages more than $3 billion in payroll for companies in 160 countries, entered the ranks of Israel’s “unicorn” tech firms in early 2021, meaning that it was valued at over $1 billion. It raised $250 million against a valuation of $3.7 billion later that year.
Israel’s tech sector has been experiencing the same downturn as the global tech sector, in which sweeping layoffs have been taking place in recent weeks. Last year was the worst since 2014 for the number of Israeli companies being acquired or going public.
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US Strikes More Than 90 Iranian Military Targets on Kharg Island, CENTCOM Says
A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. Photo: 2026 Planet Labs PBC/Handout via REUTERS
United States forces executed a large-scale precision strike on Kharg Island in Iran on Friday night, the US Central Command said on Saturday.
“US forces successfully struck more than 90 Iranian military targets on Kharg Island, while preserving the oil infrastructure,” CENTCOM said.
The strike destroyed naval mine storage facilities, missile storage bunkers, and multiple other military sites, the US military said in a post on X.
President Donald Trump threatened on Friday to strike the oil infrastructure of Iran’s Kharg Island hub, unless Tehran stopped attacking vessels in the Strait of Hormuz.
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North Korea Fires Ten Ballistic Missiles Toward the Sea of Japan
North Korean leader Kim Jong Un and wife Ri Sol Ju inspect an honour guard before leaving Pyongyang for a visit to China, this January 7, 2019 photo released by North Korea’s Korean Central News Agency (KCNA) in Pyongyang January 8, 2019. Photo: KCNA via REUTERS.
i24 News – North Korea fired roughly ten ballistic missiles toward the Sea of Japan on Saturday, the South Korean military reported, marking a new act of defiance amid Seoul and Washington’s annual joint military exercises.
The launches, originating from the Sunan area near Pyongyang, were detected around 1:20 p.m. local time, according to a statement from the South Korean Joint Chiefs of Staff.
The missiles were directed toward the East Sea—the Korean name for the Sea of Japan—though details on their range or trajectory were not immediately available. Earlier, the South Korean Ministry of Defense had already confirmed the launch of at least one unidentified projectile in the same area.
The Japanese Ministry of Defense also verified the incident, noting that a suspected ballistic missile had been launched from North Korea.
The launches come amid rising tensions on the Korean Peninsula. Since Monday, the United States and South Korea have been conducting their annual joint exercises, which will continue through March 19 and involve approximately 18,000 South Korean troops alongside an unspecified number of U.S. forces.
Pyongyang has sharply criticized the drills, calling them a rehearsal for invasion. Kim Yo Jong, the influential sister of North Korean leader Kim Jong-un, warned this week that the exercises could trigger “terrible and unimaginable consequences.”
The missile tests also coincide with fading prospects for inter-Korean dialogue. Kim Jong-un recently dismissed outreach efforts from South Korean President Lee Jae Myung, labeling Seoul “the most hostile enemy.”
The show of force occurred just hours after South Korean Prime Minister Kim Min-seok, during a visit to the United States, mentioned a potential meeting between U.S. President Donald Trump and Kim Jong-un—a meeting Washington still considers possible.
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Dutch Authorities Investigate Explosion at Jewish School Claimed by Extremist Group
Police outside a Jewish school following an explosion that caused minor damages, in Amsterdam, Netherlands, March 14, 2026. Photo: REUTERS/Piroschka van de Wouw
i24 News – An explosion struck a Jewish school on Zeelandstraat in Amsterdam-Buitenveldert during the night between Friday and Saturday, Dutch authorities confirmed. Emergency responders, including police and firefighters, acted swiftly, and officials reported that the building suffered only limited damage. No injuries have been reported.
Mayor Femke Halsema described the incident as a deliberate attack against the Jewish community in the city, emphasizing that the authorities are treating the case “very seriously.” Security camera footage showing the individual who detonated the device is under investigation.
In an unverified online video, previously little-known group identifying itself as Ashab Al Yamim later claimed responsibility for the blast. The group released online footage appearing to show the small explosion followed by a fire outside the school. Its logo was also seen in videos related to an attack on a synagogue in Rotterdam earlier this week.
Dutch investigators are coordinating with the judiciary to determine the full circumstances of the attack and whether additional suspects were involved. Authorities noted that the organization had not been previously known to security services.
The explosion comes amid rising security concerns for Jewish institutions across Europe, following heightened tensions in the Middle East. The group behind the claim has also alleged responsibility for previous incidents targeting Jewish sites in Europe, including attacks in Liège, Belgium, and Rotterdam, though these claims remain unverified.
Jewish schools, synagogues, and community centers across the continent have stepped up security measures in recent weeks amid fears of potential threats to Jewish communities.