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Isracard and JFNA Fund Provide NIS 135 Million in Credit to War-Affected Israeli Businesses

Isracard and JFNA Fund Provide NIS 135 Million in Credit to War-Affected Israeli Businesses

Isracard and JFNA Fund Provide NIS 135 Million in Credit to War-Affected Israeli Businesses
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Isracard and JFNA Fund Provides NIS 135 Million in Credit to War-Affected Israeli Businesses

Isracard and JFNA Fund Provides NIS 135 Million in Credit to War-Affected Israeli Businesses

Isracard, in partnership with the Jewish Federations of North America, has extended approximately NIS 135 million in subsidized credit to around 1,500 small businesses in Israel affected by war. The initiative, which began in early 2025, targets businesses impacted by declining revenue, reserve duty, or proximity to conflict zones. The fund has preserved about 15,000 jobs and supported economic stability for over 50,000 Israelis. Loans are offered at favorable terms, with a revolving structure allowing repaid funds to be re-lent to new borrowers, thus maximizing the impact of the financial assistance.
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Israel Approves New R Tax Incentives to Retain High-Tech Investment Amid Global Tax Changes

Israel Approves New R Tax Incentives to Retain High-Tech Investment Amid Global Tax Changes

The Israeli Knesset has given final approval to the 2026 state budget, which includes a significant measure aimed at enhancing tax incentives for research and development (R&D). This move is part of the government's strategy to maintain Israel's appeal as a hub for high-tech investment, especially in light of global tax reforms led by the OECD. The newly approved legislation, known as the Research and Development Encouragement and Incentive Law, offers direct tax credits for R&D expenses, with increased benefits for higher qualifying expenditures. The law is designed to encourage companies to expand their operations in Israel, hire more technology workers, and increase local investment. The measure is set to apply retroactively to qualifying R&D expenses from January 1, 2026.
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J.P.Morgan, Morgan Stanley urge buying the dip as US earnings stay resilient

J.P.Morgan, Morgan Stanley urge buying the dip as US earnings stay resilient

April 13 (Reuters) - Wall Street brokerages J.P.Morgan and Morgan Stanley said recent market weakness has created opportunities for long-term investors, arguing that resilient corporate earnings growth could cushion the fallout from the Middle East conflict.
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BAA Partners Launches Framework for Airlines Amid Middle East Conflict

BAA Partners Launches Framework for Airlines Amid Middle East Conflict

BAA & Partners, an aviation advisory firm, has introduced the RADIANCE framework to help airlines navigate strategic and operational challenges arising from the current geopolitical environment. The framework responds to disruptions following US-Israeli strikes on Iran, which led to airspace closures, fuel price surges, and flight cancellations. The RADIANCE model comprises eight pillars addressing airline vulnerabilities, including route diversification, adaptive fuel strategies, and intelligence infrastructure. It aims to shift airlines from reactive crisis management to anticipatory resilience, providing a systematic approach to planning and operational continuity.
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Iron Nation Raises $60M for Israeli Startups Recovery Fund Amid Gaza War Disruption

Iron Nation Raises $60M for Israeli Startups Recovery Fund Amid Gaza War Disruption

Iron Nation Raises $60M for Israeli Startups Recovery Fund Amid Gaza War Disruption
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Mytheresa Expands in Middle East Amidst Regional Conflict and Luxury Retail Challenges

Mytheresa Expands in Middle East Amidst Regional Conflict and Luxury Retail Challenges

Mytheresa Expands in Middle East Amidst Regional Conflict and Luxury Retail Challenges
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Israeli Municipality Develops App to Enhance Emergency Response Efficiency

Israeli Municipality Develops App to Enhance Emergency Response Efficiency

The Efrat Municipality in Israel has developed a new digital platform designed to improve the efficiency of emergency response efforts. This initiative, led by Shmuel Fitoussi, the Chief Information Officer of the municipality, aims to streamline the process of identifying and assisting individuals affected by disasters. The platform allows emergency personnel to input and access detailed information about residents in real-time, including their status and location. This system was created in response to the challenges faced during a missile attack in Beit Shemesh, where the lack of organized data hindered rescue operations. The app links residents to specific locations, enabling responders to quickly determine their status and needs. It also includes a database of ID numbers, addresses, and health information, which is updated regularly and securely stored.
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Minneapolis Mall Businesses Request Financial Aid Following Operation Metro Surge Impact

Minneapolis Mall Businesses Request Financial Aid Following Operation Metro Surge Impact

Businesses located in Plaza Mexico, a mall in Minneapolis, are seeking financial relief due to economic damages incurred during Operation Metro Surge. This operation, which was aimed at addressing crime and safety issues in the area, has inadvertently affected local businesses. The business owners are reporting significant financial losses and are advocating for assistance to recover from the economic impact. The operation, while intended to improve public safety, has led to decreased foot traffic and sales, prompting these businesses to call for support.
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Karish Gas Field Resumes Production Following Ceasefire with Iran

Karish Gas Field Resumes Production Following Ceasefire with Iran

The Karish offshore gas rig has resumed operations after a 40-day shutdown due to security concerns amid conflict involving Iran. The ceasefire between the US, Israel, and Iran has allowed the Karish field to restart, despite its proximity to Lebanon and the absence of a truce with Hezbollah. Energean, the operator of the Karish rig, is working to safely resume production and return operations to normal. The shutdown of the Karish field, along with the Leviathan field, which resumed operations earlier, resulted in significant economic damage, estimated at NIS 1.7 billion. The Ministry of Energy and Infrastructure has instructed Energean to restore the Karish rig, ensuring the continuity of energy supply in Israel.
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US-Iran direct talks begin in Pakistan as war's fragile ceasefire holds

US-Iran direct talks begin in Pakistan as war's fragile ceasefire holds

Face-to-face negotiations have begun between the United States and Iran in Pakistan, days after a fragile, two-week ceasefire was announced
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The Latest: Negotiations between US and Iran begin after progress in earlier indirect discussions

The Latest: Negotiations between US and Iran begin after progress in earlier indirect discussions

Negotiations began between the United States and Iran after progress in earlier indirect discussions