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As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now

(JTA) — As much of the financial world increasingly eyes political developments in Israel with concern, a company that specializes in assessing investments based on social responsibility criteria made a special announcement Wednesday in which it declared Israel “a low-risk country.” 

That designation is both a signal to investors that they are unlikely to get entangled in human rights abuses or other scandals if they put their money in Israel, and a reassurance intended for pro-Israel advocates who have accused the company of bias against Israel. 

The announcement from the multibillion-dollar Chicago-based financial research firm Morningstar is the latest entry in a debate about how companies around the world should regard the Israeli-Palestinian conflict. One side says that Israel should be treated as regular Western democracy and the other says that Israel’s treatment of the Palestinians should put the country in the class of authoritarian regimes. 

But another debate about Israel’s investment worthiness has emerged in recent months following the election of a new Israeli government led by Benjamin Netanyahu, whose slim parliamentary majority relies on the support of parties with far-right platforms. 

Netanyahu, who is on trial for corruption, has vowed to overhaul Israel’s judicial system and rein in the independence of the courts. Many financial analysts consider a weakened judiciary a red flag for investors. 

Sarah Wirth, a spokesperson for Morningstar, said that its analysis designating Israel a low-risk country does not yet account for recent developments in Israel.

“Some of the changes developing in Israel may impact their Country Risk Rating once we incorporate them into our analysis,” Wirth wrote in an email to the Jewish Telegraphic Agency in reference to the judicial reform plan. 

The latest warning about Israel’s place in the global economy emerged Friday with the leak of an internal report written by JPMorgan, one of the largest banks in the world. 

The report compared Israel to Poland, which passed a similar judicial reform in 2016 and saw a downgrade to its credit rating, which was a major blow because national credit ratings can either attract or drive away investments from abroad. 

JPMorgan analysts wrote that Israel’s credit rating still “stands comfortably in the investment grade bucket” but that Netanyahu’s plan could cause it to go down.

The report adds to a warning by another Wall Street giant, Goldman Sachs, which said last week that the Israeli shekel could be affected by “growing concern over domestic political developments.”

“The five most recent elections over the past three-year period have had typically limited read-through to financial markets,” Goldman Sachs economist Tadas Gedminas wrote in a report. “This is not to say that the current situation could not have a more meaningful impact this time around, and we will closely monitor ongoing developments.”

Netanyahu has rejected criticism of his judicial plan by saying that the proposed reforms are being misrepresented by his critics and that they would merely bring Israel’s courts in line with courts in other Western countries. The plan would limit the ability of the Supreme Court to rule laws and government actions as unconstitutional, give the government control over the appointments of new judges and end the independence of the position of legal advisor across various government offices, among other measures. 

Netanyahu has also said that regardless of the warnings by analysts, international investors are excited about Israel and eager to acquire equity in Israeli companies. His latest pronouncement came from France where he said he met with 60 local business leaders. 

“What they’re saying about investors running away is nonsense,” Netanyahu said. “We want to increase our investments in Israel.”

Some of Israel’s own business leaders are concerned enough about the country’s direction that they are choosing to decamp. The CEO of tech company Verbit, which was valued at $2 billion in 2021, announced Tuesday that he would leave the country to avoid paying millions in taxes as a protest of the judicial overhaul plan. 

“Over the past few years, I’ve paid tens of millions of dollars in taxes and my company has paid hundreds of millions in taxes,” Verbit CEO Tom Livne said on Israel’s Channel 12. He encouraged others in Israel’s vaunted tech sector to do the same. 

Livne’s announcement comes about a week after two Israeli tech firms, including one that was valued at $3.7 billion in 2021, said they would withdraw assets from Israel for the same reason. 


The post As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now appeared first on Jewish Telegraphic Agency.

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Trump-MBS Dealmaking Shaped Gaza Vote at UN, Empowering Hamas, Israeli Analysts Warn

US President Donald Trump greets Saudi Crown Prince and Prime Minister Mohammed bin Salman, during a dinner at the White House in Washington, DC, US, Nov. 18, 2025. Photo: REUTERS/Tom Brenner TPX IMAGES OF THE DAY

This week’s UN Security Council resolution endorsing US President Donald Trump’s 20-point Gaza peace plan was timed to appease Western and Arab governments and deliberately crafted to blur the question of Palestinian statehood in pursuit of broader regional interests, according to Israeli analysts, who warned the move risked empowering Hamas and endangering Israel’s security.

Einat Wilf, a former member of Israel’s parliament, known as the Knesset, said the UN resolution intended to remove the Palestinian question from the headlines but could lay the groundwork for “another Oct. 7,” referring to Hamas’s Oct. 7, 2023, massacre across southern Israel, by repeating the same policy of ambiguity that allowed the Palestinian terrorist organization to regroup under previous ceasefire agreements. 

Dan Diker, president of the Jerusalem Center for Security and Foreign Affairs (JCFA), argued the vote was strategically timed to coincide with Trump’s meeting with Saudi Crown Prince Mohammed bin Salman in Washington. The US president sought to pair international endorsement of his 20-point Gaza plan with Saudi commitments toward normalizing relations with Israel. Bin Salman, also known as MBS, told reporters in the Oval Office on Tuesday that he was open to joining the Abraham Accords, a series of US-brokered Arab-Israel normalization agreements, if credible progress toward Palestinian statehood could be demonstrated.

The Trump administration aimed to show that the “pathway to implementing Stage Two of the Gaza plan — which includes the International Stabilization Force and a framework for Palestinian statehood — is already in place,” Diker told The Algemeiner in a phone call. “The goal was to get international sanction through the UN so the White House could silence naysayers who claim the plan is a Trump-Israel conspiracy.”

A new poll conducted by the JCFA ahead of the Security Council vote found that 70% percent of Israelis opposed the creation of a Palestinian state under current conditions, with opposition rising to just under 80% among Jewish Israelis. Even when linked to Saudi normalization, the overwhelming majority (62%) remained opposed. 

According to Diker, the UN resolution was largely declarative and would not bring the region closer to a Palestinian state. The real agenda rested with Saudi-US ties, with MBS telling Trump that Saudi investments in the United States would increase to nearly $1 trillion. Palestinian statehood figured mostly as lip service, and while Israel signed on, the Palestinian leadership in the form of the Fatah-led Palestinian Authority has proven incapable of governing its own public, with polling consistently showing Hamas as the preferred choice among Palestinians — both in Gaza and the West Bank.

“It’s an ironic development that the great Western powers pushing for a Palestinian state are essentially strengthening Hamas’s hand as the effective leadership of the Palestinian people following the Oct. 7 massacres,” he said. 

Wilf, who recently announced her return to politics with her newly formed Oz party, argued that Washington’s goal is to push the Palestinian issue “off the headlines” long enough to advance its broader Middle East agenda. 

“The Abraham Accords are no longer about normalizing relations with Israel,” she said in a briefing with reporters on Wednesday. “It’s basically American shorthand for bringing the Islamic and Arab world into the Western orbit in a more structured way and pulling them as much as possible away from China.”

Wilf warned that while Washington’s approach of “constructive ambiguity — the vague language now anchoring the resolution — may serve its short-term strategic goals for the conflict, it puts Israel at risk. By avoiding clear definitions of what a reformed Palestinian Authority or a de-radicalized Gaza would mean, she argued, the resolution leaves the same loopholes that allowed Hamas to rebuild in the past.

The deeper problem, Wilf argued, is a pervasive Palestinian ideology built on rejecting Jewish sovereignty. Until that changes, efforts toward statehood will remain hollow, a dynamic she summed up as “Schrödinger’s Palestine” — a state when it comes to attacking Israel in international forums but not a state when it comes to taking responsibility for its own actions.

Diker said the tension Wilf described has already become a “built-in collision” between Western diplomacy and Palestinian realities.

“The West is acting in a rather colonialist manner by refusing to note the democratic choice of the Palestinian people,” he said. “Oct. 7 was Hamas’s crowning achievement to ultimately uproot and replace the Fatah-led leadership of the Palestinian street.”

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Iran ‘Has No Choice’ but to Move Capital as Water Crisis Deepens, Says President

People shop water storage tanks following a drought crisis in Tehran, Iran, Nov. 10, 2025. Photo: Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

Iranian President Masoud Pezeshkian affirmed on Thursday that the country “has no choice” but to relocate its capital, warning that severe ecological strain has made Tehran impossible to sustain — even as the regime spends billions of dollars rebuilding its military and nuclear infrastructure and backing its terrorist proxies.

In a televised national address, the Iranian leader renewed his call to relocate the capital, asserting that the deepening crisis has “rendered the city uninhabitable.”

Pezeshkian said Iran’s water, land, and infrastructure systems are under such extreme pressure that relocating the capital is now unavoidable, adding that when the move was first proposed, the government lacked even a minimal budget to pursue it.

“The truth is, we have no choice left — relocating the capital is now a necessity,” he said during his speech.

With parts of the city sinking up to 30 centimeters a year and water supplies dwindling, Pezeshkian described Tehran’s current situation as a “catastrophe.”

He urged government ministries and public officials to coordinate their efforts to avert a grim future for the country.

“Protecting the environment is not a game,” the Iranian leader said. 

“Ignoring it is signing our own destruction,” he continued, explaining that Tehran can no longer cope with population growth or the city’s expanding construction.

Among the solutions considered to tackle the crisis, one has been importing water from the Gulf of Oman. However, Pezeshkian noted that such an approach is extremely costly, with each cubic meter costing millions to deliver to Tehran.

Earlier this year, the Iranian regime announced it was considering relocating the capital to the Makran coast in the country’s south, a remote region overlooking the Gulf of Oman, in a bid to ease Tehran’s congestion and alleviate its water and energy shortages.

Advocates of this initiative emphasize its strategic benefits, including direct access to the Indian Ocean and significant economic potential through maritime trade, centered on the port of Chabahar, Iran’s crucial gateway to Central Asia.

However, critics argue that the region is still underdeveloped, fraught with security risks, and unprepared to function as a capital, warning that the move could cost tens of billions of dollars — an amount the country cannot bear amid economic turmoil, soaring inflation, and renewed United Nations sanctions.

Notably, the Iranian regime has focused its resources on bolstering its military and nuclear programs rather than addressing the country’s water crisis, a choice that has left citizens’ needs unmet while advancing its agenda against Israel.

The regime has also spent billions of dollars supporting its terrorist proxies across the region and operations abroad, with the Quds Force, Iran’s elite paramilitary unit, funneling funds to the Lebanese group Hezbollah, in defiance of international sanctions.

According to the US Treasury Department, Iran has provided more than $100 million per month to Hezbollah so far this year alone, with $1 billion representing only a portion of Tehran’s overall support for the terrorist group, using a “shadow financial system” to transfer funds to Lebanon.

Iran also provides weapons, training, logistical support, and political backing to the group along with other proxies, including Hamas in Gaza, the Houthis in Yemen, various militias in Iraq and Syria, and other Islamist entities.

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A shocking true story of Mexico’s Jewish community comes to Netflix

Growing up in Paris, an Italian castle, South Africa at the dawn of its civil rights movement and a kibbutz in the then-new state of Israel sounds like it would be enriching, the project of idealistic parents who wanted their children to see the world and witness history. But that wasn’t exactly how it unfolded for Tamara Trottner, née Salzberg, and her brother Isaac.

Instead, they lived in these locations for three years because they were on the run with their father Leo (Emiliano Zurita), who was being hunted by Interpol for kidnapping his own children. He had taken them to retaliate against his wife, Valeria (Tessa Ia), after she had an affair with his brother-in-law.

Trottner wrote a memoir about the experience and it has been adapted into a gripping and sumptuously-filmed Spanish-language miniseries, No One Saw Us Leave, which recently arrived on Netflix.

In the opening episode, we see a stylish wedding between a young Valeria and Leo, both children of leaders of Mexico City’s small Ashkenazi Jewish community. As she prepares to walk down the aisle, Valeria’s mother tells her she is destined to have “a sheyne lebn” — a beautiful life, in Yiddish — and the crowd dances to “Hava Negila.”

A strained Valeria and Leo at their wedding. Courtesy of Netflix

But even at their wedding, there’s little warmth between the two; their marriage is closer to a merger between their two families, and while they don’t hate each other, there’s little mutual understanding — Leo believes Valeria should be the woman of the house, but she is tapped into the burgeoning feminism of the 1960s and wants to get a Master’s degree.

We switch between flashbacks of the pair’s marriage — we see the beginnings of Valeria’s affair, as she dances with her brother-in-law Carlos — and Leo’s international run with his children, Tamara and Leo. Though the children, who begin the voyage aged 5 and 7, constantly ask about their mother, he alternates between telling them that she is coming to join them soon and that she did “something bad” and doesn’t want to see them anymore. In fact, Valeria is searching desperately, and has hired an ex-Mossad agent (Ari Brickman) to aid her in the international hunt.

It’s an emotional and suspenseful story as Leo routinely manages to evade the international police. But the subtle story driving all of the drama is that of the tight-knit Jewish community in Mexico City — even today, only 3% of Mexican Jews marry outside the community — and the interplay of respectability and influence within it.

As part of his retribution against Valeria — and to protect his own reputation as he flees Mexico — Leo spreads a story that his wife was unstable and an unfit mother, even alleging that she had been committed to a psychiatric facility. For at least the first episode of the show, the audience, too, is unsure why Leo has really taken the children, and the story about Valeria seems plausible; we’re not sure who to stand with.

The rest of the Jewish community, too, is unsure; at first, people ice out Valeria and her family as they try to gain information about the children’s whereabouts. The push and pull between two powerful families leaves the community confused and caught in the middle. And after Valeria launches a publicity campaign to clear her name and solicit clues, many of the other leaders worry about the damage to the community’s public image in Mexico, alluding to the European antisemitism they fled from. Leo’s father, meanwhile, is a domineering figure who asserts that his daughter-in-law’s affair is just as bad a blow to the community’s reputation as the kidnapping.

Valeria, Carlos — her affair partner — and ex-Mossad agent Elias look at a map of kibbutzim as they search for the children in Israel. Courtesy of Netflix

The confusion is helped by the fact that Leo is not presented as a villain; he’s a well-developed character, with his own issues with his marriage and with his overbearing father. An ardent socialist, we see him join an activist group against apartheid while hiding in South Africa, and later, when he flees to Israel, he joins the kibbutz he’d dreamed of, and is embraced for his politics and architectural talents.

(Leo’s time in Israel also gives the audience a window into the kibbutzim of the 1960s, which were still practicing an almost militant form of socialism they have since left behind — children were raised communally and told to call their parents by their first names.)

Eventually, Valeria finds her husband and the children, after checking nearly every kibbutz in the country — we see Kfar Aza, one of the towns destroyed on Oct. 7, get crossed off a list — and Israeli courts order Leo and the children back to Mexico. An end note summarizes the rest of the history: Valeria and Carlos, her affair partner, won and raised the children together, who didn’t see Leo again for 20 years.

Of course, much of the show’s drama is in the obvious: Leo’s flight, the children’s growing realization that their father has been lying to them, Valeria’s desperation. But the quiet conflict between families, the power of reputation — both within the small Jewish community and between that community’s relationship and the broader world — undergird every moment of the story. The power of Jewish community is, ultimately, inescapable.

The post A shocking true story of Mexico’s Jewish community comes to Netflix appeared first on The Forward.

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