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
UN Says Israeli Wall Crosses Lebanon Border
The United Nations headquarters building is pictured though a window with the UN logo in the foreground in the Manhattan borough of New York, Aug. 15, 2014. Photo: REUTERS/Carlo Allegri
A survey conducted by the United Nations Interim Force in Lebanon last month found that a wall built by the Israeli military crosses the Blue Line, the de facto border, a U.N. spokesperson said on Friday
The Blue Line is a U.N.-mapped line separating Lebanon from Israel and the Israeli-occupied Golan Heights.
Stephane Dujarric, the spokesperson for the U.N. secretary-general, said the concrete T-wall erected by the IDF has made more than 4,000 square meters (nearly an acre) of Lebanese territory inaccessible to the local population.
A section of an additional wall, which has also crossed the Blue Line, is being erected southeast of Yaroun, he said, citing the peacekeepers.
Dujarric said UNIFIL informed the Israeli military of its findings and requested that the wall be removed.
“Israeli presence and construction in Lebanese territory are violations of Security Council resolution 1701 and of Lebanon’s sovereignty and territorial integrity,” UNIFIL said in a separate statement.
An Israeli military spokesperson denied the wall crossed the Blue Line.
“The wall is part of a broader IDF plan whose construction began in 2022. Since the start of the war, and as part of lessons learned from it, the IDF has been advancing a series of measures, including reinforcing the physical barrier along the northern border,” the spokesperson said.
UNIFIL, established in 1978, operates between the Litani River in the north and the Blue Line in the south. The mission has more than 10,000 troops from 50 countries and about 800 civilian staff, according to its website.
Uncategorized
Hamas Quietly Reasserts Control in Gaza as Post-War Talks Grind On
Palestinians buy vegetables at a market in Nuseirat, central Gaza Strip, November 13, 2025. Photo: REUTERS/Mahmoud Issa
From regulating the price of chicken to levying fees on cigarettes, Hamas is seeking to widen control over Gaza as US plans for its future slowly take shape, Gazans say, adding to rivals’ doubts over whether it will cede authority as promised.
After a ceasefire began last month, Hamas swiftly reestablished its hold over areas from which Israel withdrew, killing dozens of Palestinians it accused of collaborating with Israel, theft or other crimes. Foreign powers demand the group disarm and leave government but have yet to agree who will replace them.
Now, a dozen Gazans say they are increasingly feeling Hamas control in other ways. Authorities monitor everything coming into areas of Gaza held by Hamas, levying fees on some privately imported goods including fuel as well as cigarettes and fining merchants seen to be overcharging for goods, according to 10 of the Gazans, three of them merchants with direct knowledge.
Ismail Al-Thawabta, head of the media office of the Hamas government, said accounts of Hamas taxing cigarettes and fuel were inaccurate, denying the government was raising any taxes.
ANALYST SEES HAMAS ENTRENCHING
The authorities were only carrying out urgent humanitarian and administrative tasks whilst making “strenuous efforts” to control prices, Thawabta said. He reiterated Hamas’ readiness to hand over to a new technocratic administration, saying it aimed to avoid chaos in Gaza: “Our goal is for the transition to proceed smoothly.”
Hatem Abu Dalal, owner of a Gaza mall, said prices were high because not enough goods were coming into Gaza. Government representatives were trying to bring order to the economy – touring around, checking goods and setting prices, he said.
Mohammed Khalifa, shopping in central Gaza’s Nuseirat area, said prices were constantly changing despite attempts to regulate them. “It’s like a stock exchange,” he said.
“The prices are high. There’s no income, circumstances are difficult, life is hard, and winter is coming,” he said.
US President Donald Trump’s Gaza plan secured a ceasefire on October 10 and the release of the last living hostages seized during the Hamas-led October 7, 2023 attacks on Israel.
The plan calls for the establishment of a transitional authority, the deployment of a multinational security force, Hamas’ disarmament, and the start of reconstruction.
But Reuters, citing multiple sources, reported this week that Gaza’s de facto partition appeared increasingly likely, with Israeli forces still deployed in more than half the territory and efforts to advance the plan faltering.
Nearly all of Gaza’s 2 million people live in areas controlled by Hamas, which seized control of the territory from President Mahmoud Abbas’ Palestinian Authority (PA) and his Fatah Movement in 2007.
Ghaith al-Omari, a senior fellow at the Washington Institute think-tank, said Hamas’ actions aimed to show Gazans and foreign powers alike that it cannot be bypassed.
“The longer that the international community waits, the more entrenched Hamas becomes,” Omari said.
US STATE DEPARTMENT: HAMAS ‘WILL NOT GOVERN’
Asked for comment on Gazans’ accounts of Hamas levying fees on some goods, among other reported activities, a US State Department spokesperson said: “This is why Hamas cannot and will not govern in Gaza.”
A new Gaza government can be formed once the United Nations approves Trump’s plan, the spokesperson said, adding that progress has been made towards forming the multinational force.
The PA is pressing for a say in Gaza’s new government, though Israel rejects the idea of it running Gaza again. Fatah and Hamas are at odds over how the new governing body should be formed.
Munther al-Hayek, a Fatah spokesperson in Gaza, said Hamas actions “give a clear indication that Hamas wants to continue to govern.”
In the areas held by Israel, small Palestinian groups that oppose Hamas have a foothold, a lingering challenge to it.
Gazans continue to endure dire conditions, though more aid has entered since the ceasefire.
THEY ‘RECORD EVERYTHING’
A senior Gazan food importer said Hamas hadn’t returned to a full taxation policy, but they “see and record everything.”
They monitor everything that enters, with checkpoints along routes, and stop trucks and question drivers, he said, declining to be identified. Price manipulators are fined, which helps reduce some prices, but they are still much higher than before the war began and people complain they have no money.
Hamas’ Gaza government employed up to 50,000 people, including policemen, before the war. Thawabta said that thousands of them were killed, and those remaining were ready to continue working under a new administration.
Hamas authorities continued paying them salaries during the war, though it cut the highest, standardizing wages to 1,500 shekels ($470) a month, Hamas sources and economists familiar with the matter said. It is believed that Hamas drew on stockpiled cash to pay the wages, a diplomat said.
The Hamas government replaced four regional governors who were killed, sources close to Hamas said. A Hamas official said the group also replaced 11 members of its Gaza politburo who died.
Gaza City activist and commentator Mustafa Ibrahim said Hamas was exploiting delays in the Trump plan “to bolster its rule.” “Will it be allowed to continue doing so? I think it will continue until an alternative government is in place,” he said.
Uncategorized
Israel Worried US to Proceed to Rebuilding Gaza Without Disarming Hamas, i24NEWS Understands
A Palestinian man points a weapon in the air after it was announced that Israel and Hamas agreed on the first phase of a Gaza ceasefire, in the central Gaza Strip, October 9. Photo: REUTERS/Mahmoud Issa
i24 News – The dispute is emerging between Jerusalem and Washington over the question of rebuilding of Gaza and disarming Hamas, i24NEWS understands. Additionally, Israel is concerned with the shift in US language toward a “Palestinian state.”
Ahead of the significant week and the expected United Nations Security Council vote on the international stabilization force (ISF) for Gaza, which is supposed among other tasks to disarm Hamas, Israel is pointing to a worrying direction in which the Americans are heading – to immediately begin rebuilding the Strip before the question of disarming Hamas has been resolved.
This coincides with reports of difficulties in forming the International stabilization force.
In addition, Israel is casting great doubt on the question of disarmament.
A senior Israeli official estimates: This will not work, in the end we will demilitarize the terrorists by ourselves, similar to what is unfolding in Lebanon, where the French representatives, as expected, are doing nothing.
At the same time, a very worrying change in the wording of the resolution that will be put to the vote clarifies that the purpose of the resolution that will be adopted this week in the Security Council is to establish a Palestinian state.
Senior Israeli officials told i24NEWS that this is a very worrying change though, according to the Americans, the shift in language was required in order to convince the member states to mobilize forces for the international stabilization force.
Israel also claims that it still has the right to veto the multinational force, although the wording in the proposal is a little more amorphous: “in close consultation with Israel.”
