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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-reform causes Divestment: Netanyahu's accidental BDS

  • By Al Mayadeen English
  • Source: News Agencies
  • 22 Apr 2023 19:14
  • 3 Shares
3 Min Read

In a survey conducted by "Start-Up Nation Central" 80% of participants believe that the judicial reform will have a negative impact on Israeli companies.

  • x
  • A sign reading, ‘Time is running out for Israeli hi-tech,’ in
    A sign reading, ‘Time is running out for Israeli hi-tech,’ in "Tel Aviv", on March 23, 2023 (Israeli media)

Eldad Ben Tora, the president and general manager of KIDOZ Inc, said the judicial overhaul promoted by Netanyahu’s government will have serious repercussions on the Israeli market by prompting some companies to relocate or offshore for fear of political instability and arbitrary legislation, Sputnik reported. 

"We believe that the judicial reform will have a serious negative impact on the high-tech sector in Israel," Eldad Ben Tora said.

"Our concern is the decrease in Israel's attractiveness in the eyes of investors who fear instability, arbitrary legislation, and weakened courts that will protect their interests."

In a survey conducted by Start-Up Nation Central on a sample of 1,142 entrepreneurs, international companies, and investment funds on March 22-23, around 80% of participants believe that the judicial reform will negatively impact "them and their portfolio companies."

According to the survey: 

  • 84% of investors believe that the judicial reform will stifle the influx of foreign capital
  • Similarly, 77% of enterprises think it will be difficult to attract capital from foreign investors
  • Around 80% of companies said that investors canceled plans with them after the judicial reform bill was proposed.

The findings of the survey suggest that high-tech companies especially have started to increasingly offshore their funds from “Israel”. Hightech companies hold special significance to the Israeli market: Such that one in ten Israelis in the occupation workforce is employed in Hightech.

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The judicial overhaul risks a massive outflow of funds from “Israel”, the survey concluded.

Over the past month, upheaval and chaos took the Israeli occupation entity by storm. Violent clashes erupted between the opposition and police, as Israeli settlers protest against the government’s judicial reforms. Appeals for civil disobedience and riots have been met with stern warnings from both sides.

Read more: Israeli military complex says escalation unrelated to Lebanon gas deal

Moody's global risk assessment agency downgraded the Israeli occupation's economic outlook to "stable" on April 16 after it was "positive" amid several crises affecting the Israeli occupation. 

Moody's said its sovereign credit rating for the Israeli occupation was A1, which made the decrease shocking, though many financial and economic experts had warned of the decision in light of the plight of crises facing the Israeli occupation.

On April 17th, the Israeli occupation's Finance Ministry announced that its government recorded a budget deficit of $82 million in March. 

The budget deficit is the first one recorded in nine months as tax revenues fell, according to preliminary data issued by the occupation's Finance Ministry.

The downward trend in revenues was preceded by an "exceptionally high increase in state revenues" received in 2022. 

The Finance Ministry said the deficit is fueled by a downward trend in government revenues following the “exceptionally high increase in state revenues” in 2022. In March, the occupation government's earnings were cut down to $11.18 billion, which marks a 4.7% decrease in comparison to revenues of March 2022 which amounted to $11.73 billion. 

Moody's global risk assessment agency downgraded the Israeli occupation's economic outlook to "stable" on April 16 after it was "positive" amid several crises affecting the Israeli occupation. 

  • judicial overhaul
  • "Israel"
  • Judicial reform

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