Uncategorized
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.
—
The post 2 Israeli tech firms to pull funds out of the country, citing risk posed by Netanyahu government appeared first on Jewish Telegraphic Agency.
Uncategorized
‘Hamas in a Suit’: Melanie Phillips Says the US Must Stop Treating Qatar as an Honest Broker
British author and journalist Melanie Phillips speaking at the National Conservatism Conference in Brussels, Belgium in April 2024. Photo: Nicolas Landemard / Le Pictorium via Reuters Connect
The war against terrorism will never end “until the West stops pretending Qatar is neutral,” according to British author and journalist Melanie Phillips.
The prominent commentator told The Algemeiner that Doha’s patronage of the Palestinian terrorist group Hamas and its influence on Western media and universities are among the many reasons not to trust the Middle Eastern monarchy.
“Qatar is Hamas,” Phillips said in a conversation on the “J100” podcast with host David M. Cohen, the CEO of The Algemeiner. “It sponsors Hamas, it shelters Hamas, it protects Hamas’s leadership.”
Speaking from Jerusalem, Phillips called Qatar’s role “the great unspoken scandal” of modern diplomacy, describing how the regime has bankrolled Hamas while posing as a mediator in negotiations with Israel over the Gaza war.
“You can end this war tonight,” she said, “by doing what should have been done long ago: throw Qatar overboard.”
Negotiations have hit several hurdles in recent weeks to halt the advancement of last month’s Israel-Hamas ceasefire, including the refusal of the terrorist group to disarm in accordance with US President Donald Trump’s pace plan for Gaza.
Despite Qatar’s support for Hamas and far-reaching financial entanglements within American institutions, the US has designated the country as a major non-NATO ally and committed, via executive order, to defend it if attacked.
For Phillips, the danger runs deeper than money or politics. “It’s Hamas in a suit,” she said. “A power that wears respectability while advancing terror by other means.”
Since 2012, Doha has housed Hamas’s political bureau and funneled hundreds of millions of dollars into Gaza, often with Western approval. Simultaneously, it has built vast soft-power influence, financing Al Jazeera, sponsoring academic programs on Middle Eastern studies, and endowing think tanks and universities across the West.
That dual role, Phillips argued, has distorted the world’s moral compass. “You cannot be both patron and peacemaker,” she said. “That is moral incoherence masquerading as strategy.”
She connected Qatar’s reach to what she called the “eighth front” of Israel’s war against Iran’s terrorist network including Hamas — the cognitive front, where perception and truth are under siege. By funding educational and media institutions that frame Israel as the aggressor, Phillips said, Doha helps export the same ideological rot that excuses terrorism.
“You cannot build coexistence on a curriculum of hatred,” she warned. “And you cannot defend civilization if you reward the people funding its destruction.”
Cohen noted that Washington’s posture toward Doha remains contradictory. “You can’t confront a sponsor of terror,” he said, “while treating it like an ally at the same time.”
Phillips concluded that lasting peace requires more than military victory — it demands confronting the global enablers that dignify extremism. “If the West continues to pretend Qatar is neutral,” she said, “then Hamas will never truly be defeated.”
The full conversation — “The Eighth Front Is the Mind” — is available now on “J100” via Apple Podcasts, Substack, and YouTube.
Uncategorized
Australia Lists Iran’s Islamic Revolutionary Guard as State Sponsor of Terrorism
Commanders and members of the Islamic Revolutionary Guard Corps meet with Iran’s Supreme Leader Ayatollah Ali Khamenei in Tehran, Iran, Aug. 17, 2023. Photo: Office of the Iranian Supreme Leader/WANA (West Asia News Agency) via REUTERS
Australia has listed Iran’s Islamic Revolutionary Guard Corps as a state sponsor of terrorism, Foreign Minister Penny Wong said on Thursday, following an intelligence assessment that it had orchestrated attacks against Australia‘s Jewish Community.
Australia in August accused Iran of directing two antisemitic arson attacks in the cities of Sydney and Melbourne and gave Tehran’s ambassador seven days to leave the country, its first such expulsion since World War II.
Uncategorized
After Meeting Pope, Erdogan Praises His ‘Astute Stance’ on Palestinian Issue
Pope Leo XIV and Turkish President Tayyip Erdogan shake hands as they meet at the Presidential Palace, during the pope’s first apostolic journey, in Ankara, Turkey, Nov. 27, 2025. Photo: REUTERS/Umit Bektas
Turkish President Tayyip Erdogan praised Pope Leo’s stance on the Palestinian issue after meeting him in Ankara on Thursday, and said he hoped his first overseas visit as Catholic leader will benefit humanity at a time of tension and uncertainty.
“We commend [Pope Leo’s] astute stance on the Palestinian issue,” Erdogan said in an address to the pope and political and religious leaders at the presidential library in the Turkish capital Ankara.
“Our debt to the Palestinian people is justice, and the foundation of this is to immediately implement the vision of a two-state solution based on the 1967 borders. Similarly, preserving the historic status of Jerusalem is crucial,” Erdogan said.
Pope Leo’s calls for peace and diplomacy regarding the war in Ukraine are also very meaningful, Erdogan said.
In September, Leo met at the Vatican with Israeli President Isaac Herzog and raised the “tragic situation” in Gaza with him.
Turkey has emerged as among the harshest critics of Israel’s military campaign against the Palestinian terrorist group Hamas in Gaza.