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BREAKING
Barrack: We call upon Druze, Bedouins, and Sunnis to put down their weapons and together with other minorities build a new and united Syrian identity building peace and prosperity with their neighbors
US Special Envoy to Syria Tom Barrack: Israeli Prime Minister Benjamin Netanyahu and Syrian President Ahmad al-Sharaa supported by the US have agreed to a ceasefire embraced by Türkiye, Jordan, and their neighbors
YAF spokesperson Brigadier General Yahya Saree: We carried out a top-tier operation targeting Ben Gurion Airport in Lydd with a Palestine 2 hypersonic ballistic missile
Israeli media: Israelis in the Gush Dan area and al-Quds were asked to enter shelters immediately
Sirens sound in Tel Aviv and occupied al-Quds after a missile was launched from Yemen
Sheikh Qassem: We are ready to defend ourselves if 'Israel' attacks us in a way that we believe calls for us to defend ourselves
Sheikh Qassem: "Israel" will never be handed over our weapons
Sheikh Qassem: He who refuses so and accepts humiliation, that is their own business, but for us, we will not accept humiliation. We have made great sacrifices, and our strength has helped us achieve this result
Sheikh Qassem: Be patient with the issue of exclusivity of arms with the state in the face of the great danger that will not spare Lebanon; let us speak with one voice and work for the sake of priority
Sheikh Qassem: Lebanon faces three real dangers: 'Israel', ISIS tools on the eastern border, and US tyranny

Judicial overhaul sparks emigration fears among Israelis: Reports

  • By Al Mayadeen English
  • Source: News Website
  • 31 Jul 2023 13:52
3 Min Read

Netanyahu's judicial overhaul has led tens of thousands of Israelis to consider leaving, the Times reports.

  • x
  • Judicial overhaul sparks emigration fears among Israeli settlers
    Israeli police officers detain a settler protesting against the judicial overhaul at Ben Gurion Airport in Lod settlement, in occupied Palestine, Monday, July 3, 2023 (AP). 

A new report by The Times shows that tens of thousands of Israelis are considering emigration which is triggering concerns over the economy and society's future.

A recent poll by Channel 13 indicated that 28% of Israelis were contemplating leaving the country, with a significant number already holding foreign passports.

Ocean Relocation, a firm assisting with immigration and emigration, reported an unprecedented surge in queries to leave "Israel" since January, with 90% of them being about emigration. Many cite concerns about their freedoms, human rights, and the current quality of life in the country as their primary reasons for considering relocation, the Sunday Times reported. 

The "Jewish Agency for Israel" confirmed a noticeable drop in immigration during the first quarter of 2023 from almost Jew-hosting countries, which was attributed to the rising cost of living and apprehensions surrounding the government's planned judiciary overhaul.

Executives from the hi-tech industry have been vocal protesters against the judicial changes, with 80% of start-ups established this year opening outside of "Israel". 

The hi-tech industry, a crucial driver of "Israel's" economy for the past decade, has borne the brunt of the reform's impact, with start-up funding dropping by nearly 70% in the first half of the year following the proposal's announcement.

In the medical sector, WhatsApp groups for doctors seeking to relocate have emerged, with around 3,000 doctors participating out of the country's total 30,000 registered practitioners.

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Read more: Overhaul will inflict serious economic damage: Israeli economist

Earlier in July, former Deputy Governor of the Bank of "Israel", Zvi Eckstein, warned that "Israel" is on the path of a massive economic decline that will harm all Israelis.

During an interview for the Israeli channel Kan, Eckstein indicated that the judicial overhaul legislation threatens the authoritarian structure in "Israel", as well as the "national" consensus.

He pointed out that the judicial overhaul threatens the security capabilities in "Israel" and affects the desire of high-tech companies to invest in it, especially foreign investors.

Eckstein noted that "Israel" has a dramatic decline in high-tech investments compared to previous years, adding that the market shows uncertainty and a decline in economic activity.

In a previous interview for CNBC, the Israeli economist explained that "most of the growth of the Israeli economy, about 40%, was generated by the high tech sector," pointing out to an 80% decline in investment in the Israeli occupation's startup and growth companies, as well as the lack of growth in the Israeli occupation's stock market over the last half a year.

"Within a year, we will see a big, large slowdown in the economy … I see a huge drop going all the way to a recession in the next year," Eckstein predicted.

Read more: 'Israel's' crisis may bring down economy, investment with it: Experts

  • netanyahu
  • judicial overhaul
  • Emigration
  • judicial reform plan

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