Page 104 - Israel

Israel's Tower Semiconductor proposes $8 bn chip plant in India: Report

Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, the report said

Israel's finance minister criticises Moody's credit rating downgrade

Israel's finance minister on Sunday slammed the decision by financial ratings agency Moody's to downgrade Israel's credit rating, saying the announcement is a political manifesto that did not include serious economic claims. Moody's dropped the rating on Israel's debt on Friday, warning that the ongoing war in Gaza and a possible war in the north with Hezbollah could adversely affect Israel's economy. It is the first time Moody's has lowered Israel's credit rating, which is used by investors to measure the riskiness of investing in a global entity or government. Moody's downgraded Israel from A1 to A2 and said the outlook for the country's economy was negative. The A2 rating nonetheless continues to carry relatively low risk, according to Moody's. Finance Minister Bezalel Smotrich angrily dismissed the decision. The announcement reflects a lack of confidence in Israel's security and national strength, and also a lack of confidence in the righteousness of Israel's path against its ..

Egypt threatens to suspend peace treaty if Israel pushes into border town

Egypt is threatening to suspend its peace treaty with Israel if Israeli troops are sent into the densely populated Gaza border town of Rafah, and says fighting there could force the closure of the territory's main aid supply route, two Egyptian officials and a Western diplomat said on Sunday. The threat to suspend the Camp David Accords, a cornerstone of regional stability for nearly a half-century, came after Prime Minister Benjamin Netanyahu said sending troops into Rafah was necessary to win the four-month-old war against the Palestinian militant group Hamas. Over half of Gaza's population of 2.3 million have fled to Rafah to escape fighting in other areas, and are packed into sprawling tent camps and UN-run shelters near the border. Egypt fears a mass influx of hundreds of thousands of Palestinian refugees who may never be allowed to return. The stand-off between Israel and Egypt, two close US allies, comes as aid groups warn that an offensive in Rafah would worsen the already .

Iran marks 45th anniversary of Islamic Revolution as tensions escalate

Iran marked on Sunday the 45th anniversary of the 1979 Islamic Revolution amid tensions gripping the wider Middle East over Israel's continued war on Hamas in the Gaza Strip. Thousands of Iranians marched through major streets and squares decorated with flags, balloons and banners with revolutionary and religious slogans. In Tehran, crowds waved Iranian flags, chanted slogans, and carried placards with the traditional Death to America and Death to Israel written on them. Some burned US and Israeli flags, a common practice in pro-government rallies. There was a heavy security presence in the major cities across the country. The anniversary came a month after a deadly attack by the extremist Islamic State group in the central city of Kerman that left at least 95 people dead during the commemoration for prominent Iranian general Qassem Soleimani whom the US killed in a 2020 drone strike. Iran has tried to blame the US and Israel for the attack as the Israeli offensive in the Gaza Str

Gaza mediators warn Israel of disaster if it launches invasion on Rafah

Israel's neighbours and key mediators warned on Saturday of disaster and repercussions if its military launches a ground invasion in Gaza's southern city of Rafah, where Israel says remaining Hamas strongholds are located -- along with over half the besieged territory's population. Israeli airstrikes killed at least 44 Palestinians -- including more than a dozen children -- in Rafah, hours after Prime Minister Benjamin Netanyahu said he asked the military to plan for the evacuation of hundreds of thousands of people ahead of an invasion. He gave no details or timeline. The announcement set off panic. More than half of Gaza's 2.3 million people are packed into Rafah, which borders Egypt. Many fled there after Israeli evacuation orders that now cover two-thirds of the territory following the October 7 Hamas attack that sparked the war. It's not clear where they could go next. Egyptian Foreign Minister Sameh Shoukry said any Israeli ground offensive on Rafah would have "disastrous ...

UAE warns Israel against launching military operation in Rafah, Gaza

The Ministry reaffirmed the UAE's position, calling for a return to negotiations to achieve the two-state solution with an independent Palestinian state

Fleeing Gaza family killed by Israel along with medics sent to find them

The sound of gunfire crackled over the phone as the teenage girl hid in the car and spoke. An Israeli tank was near the vehicle as she and her family were trying to heed Israel's call to evacuate their home in Gaza. Something had gone horribly wrong. Everyone in the vehicle was dead, the teen said. Everyone but her and her five-year-old female cousin, Hind. "They are shooting at us," 15-year-old Layan told the Palestinian Red Crescent. "The tank is next to me." And then there was a burst of gunfire. She screamed and fell silent. That began a desperate rescue attempt by medics with the Palestinian Red Crescent, one of many during the war in Gaza and one that ended on Saturday with the discovery of their ambulance, blackened and destroyed. The two medics were dead. The Palestinian Red Crescent accused Israeli forces of targeting the ambulance as it pulled up near the family's vehicle. The organisation said it had coordinated the journey with Israeli forces as in the past. There was

Israeli drone strike kills two, injures others in Sidon, Lebanon

An Israeli drone struck a car near Lebanon's southern port city of Sidon on Saturday, killing at least two people and wounding two others, security officials said. The strike came as tensions across the Middle East grow with the Israel-Hamas war, a drone attack last month that killed three US troops in northeastern Jordan near the Syrian border, and attacks by Yemen's Iran-backed Houthi rebels on vessels passing through the Red Sea. The drone strike near the coastal town of Jadra took place about 60 kilometres from the Israeli border, making it one of the farthest inside Lebanon since violence erupted along the Lebanon-Israel border on October 8. An Israeli security official, speaking on condition of anonymity, said the target of the strike in Sidon was Hamas official Basel Saleh, who was "injured to an unknown extent". The official said Saleh was responsible for enlistment of new Hamas recruits in Gaza and the West Bank. Two Lebanese security officials said the strike damaged a c

Israel unveils tunnels underneath Gaza City HQ of UN agency for refugees

The Israeli military says it has discovered tunnels underneath the main headquarters of the U.N. agency for Palestinian refugees in Gaza City, alleging that Hamas militants used the space as an electrical supply room. The unveiling of the tunnels marked the latest chapter in Israel's campaign against the embattled agency, which it accuses of collaborating with Hamas. Recent Israeli allegations that a dozen staff members participated in the Hamas attack on Israel Oct. 7 plunged the agency into a financial crisis, prompting major donor states to suspend their funding as well as twin investigations. The agency says that Israel has also frozen its bank account, embargoed aid shipments and canceled its tax benefits. The army invited journalists to view the tunnel on Thursday. It did not prove definitively that Hamas militants operated in the tunnels underneath the UNWRA facility, but it did show that at least a portion of the tunnel ran underneath the facility's courtyard. The military

PM Netanyahu directs military to plan evacuation of population from Rafah

Rafah, a southern Gaza city, currently houses more than 1.3 million people. The majority of the people, who are living there are basically evacuees from other parts of Gaza

Israel hit with first ever downgrade as Moody's cites impact of war

Prime Minister Benjamin Netanyahu said the decision does not reflect the state of the country's economy

Israeli strikes kill 9 after Biden calls Israel's approach 'over the top'

At least nine people, including children and women, were killed in Israeli airstrikes overnight into Friday in the central area of the Gaza Strip and in the southern city of Rafah on the border with Egypt, witnesses and hospital officials said. The overnight airstrikes came hours after US President Joe Biden said Thursday that he considers Israel's conduct of the war to be over the top. The US secretary of state, Antony Blinken, left Israel on Thursday as the divide grows between the two close allies on the way forward. More than half of Gaza's 2.3 million population has been driven by Israel's military offensive toward the border with Egypt. Unable to leave the tiny Palestinian territory, many are living in makeshift tent camps or overflowing UN-run shelters. The Palestinian death toll from the war has surpassed 27,840 people, the Health Ministry in Gaza said. A quarter of Gaza's residents are starving. The war began with Hamas' Oct 7 assault into Israel, in which militants kille

Netanyahu orders population of Gaza's Rafah evacuated ahead of invasion

Israel says Rafah is the last remaining Hamas stronghold and it needs to send in troops to complete its war plan against the Islamic militant group

Red Sea crisis may raise freight and forwarding cost by 25-30%: Report

Sustained disruptions in the Red Sea route is likely to raise the freight and forwarding (F&F) cost by 25-30 per cent for corporates largely dealing in international trade, a report said on Friday. Moreover, the working capital cycle is likely to aggravate by 15-20 days, and the impact could be higher for sectors such as agriculture and textiles, credit ratings agency Ind-Ra said in its report. Working capital cycle refers to the period between payments made to suppliers and revenue received from sales. The report also said that pressures on cash flow, although moderate for large entities, will further increase borrowings, especially for sectors such as iron and steel, auto and auto ancillaries, chemicals and textiles, which have seen a year-on-year rise in net leverage in the first half of the current fiscal. "The challenge is significant for the entities having low value addition therefore thin margins. Although large entities have adequate elbow room to accommodate such ...

India Inc shows signs of the Red Sea conflict in Q3FY24 performance

Capital goods and engineering companies - Bharat Electronics, TD Power Systems and KEC International, all have noted some operational strain owing to Red Sea woes

Israeli forces intensify strikes on Rafah in southern Gaza: Report

Aid agencies have warned of a humanitarian catastrophe if Israel follows through on its threat to enter Rafah

Hamas war: Israeli forces kill senior terrorist operative near Tulkarm

In the operation, the fighters also killed two armed terrorists who tried to escape from the house where the wanted man was staying

Toll from Israeli army action in Gaza is still 'too high': Blinken

US Secretary of State Antony Blinken says the toll from Israel's military offensive on Gaza's civilians remains "too high". Blinken made the comments Wednesday as he was in the region seeking to broker a cease-fire that would pause the fighting. Blinken said the Israeli offensive, launched in response to a deadly Hamas cross-border attack on Oct. 7, is "fully justified". But he expressed concern about the effects of the offensive on Gaza civilians. Thousands of civilians have been killed in the fighting, and the offensive has displaced hundreds of thousands of people from their homes and led to a humanitarian crisis. As I told the prime minister and other Israeli officials, the daily toll that its military operations continue to take on innocent civilians remains too high, Blinken said. Israeli Prime Minister Benjamin Netanyahu on Wednesday rejected Hamas' terms for a cease-fire and hostage-release agreement, vowing to continue the war until absolute victory and dismissing any ...

India, Israel discuss agro-tech collaboration; grape, date farming in focus

The meeting, held at the ministry building, included the Chief Secretary of Agriculture and Horticulture, Vaibhav Galaria, and Horticulture Commissioner Laxman Singh Kudi

No Israeli ties unless Gaza 'aggression' halted, says Saudi Arabia

Saudi Arabia has resumed talks with the US about forging closer defense ties after a pause following the start of the Israel-Hamas war, people familiar with the discussions said in late January