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Israel has ordered residents in part of Khan Younis, a city in southern Gaza, to evacuate on Monday as it plans to take military action against Hamas. What Happened: The evacuation order extended into parts of an area that Israel had previously designated a humanitarian zone. Israel’s military is now pushing back the zone’s boundaries because Hamas had used the zone to launch rockets toward Israel, the New York Times reported. Residents were told to move temporarily closer to the coast to the "adjusted Humanitarian Area in Al-Mawasi." Israeli fighter jets also struck Houthi military installations near Yemen’s Hodeidah Port on Saturday in response to a Houthi attack on Tel Aviv on

Israel-related stocks and exchange-traded funds (ETFs) are suffering as investors shying away from the Middle Eastern country over fears of escalating conflict with Iran. Yet the largest Israeli tech companies boasting a global footprint are being spared by investors hedging against broader conflict in the region, which is focused on those catering to the internal market or heavily exposed to regional distress. What Happened: The TA-35 Index, following the 35 largest companies in the Tel Aviv Stock Exchange, registered losses over the 3% mark this week.  Losses began on Tuesday after Tehran promised retaliation over an airstrike by Israeli forces in an Iranian embassy compound in Da

In recent decades, Israel has become a hotspot for innovation. Yet the breakout of a war between Israel and Hamas, which controls the Palestinian territory of Gaza, has thrown the country into chaos. Twelve days after Hamas' violent invasion into Israel Oct. 7 and the country’s launch of heavy bombardment in response, thousands of lives have been lost and the conflict has no clear end date in sight. Israel comfortably earned the nickname of "Startup Nation," with the highest number of unicorns per capita in the world, surpassing other major unicorn hubs like Singapore, Germany and China.  The country has at least 89 unicorns, also known as companies whose valuation exceeds $1 billio

Amid the ongoing conflict between Israel and Hamas, Israeli financial assets are on a path to recovery after a turbulent sell-off on Monday. The Israeli shekel (ILS) has marginally weakened by 0.1% as of 11:10 AM ET on Tuesday, following a 2.7% loss during Monday’s session, which marked the most significant drop since March 2020. The Israeli currency is presently trading at nearly 4 shekels per USD, which is the lowest level since February 2016. In response to the shekel’s depreciation, the Bank of Israel initiated a substantial sale of foreign currency, amounting to $30 billion, in the open market on Monday. This move represents the bank’s first intervention in approximately two years

As Israel ramps up its armed forces and a regional war with Hamas enters its fourth day, the country is considering forming an emergency government. Israel's ruling coalition is seeking to form the emergency government with the opposition, Bloomberg reported Monday.  “All the heads of the coalition, without exception, supported the establishment of a national emergency government and authorized Prime Minister Benjamin Netanyahu to act for its establishment,” the premier’s party Likud said in a statement. The Latest From The Israel-Hamas Conflict: A move to set up the emergency government call has drawn support from some opposition leaders. The potential creation of an emergency governmen

At least nine people have died and another 50 injured in the city of Jenin as Israel launched one of the most extensive operations in the West Bank in over two decades. Palestinian officials reported nine deaths, according to NPR, while the official account from the Israeli army included five armed suspects. Read also: Israel’s Defense Ministry Seizes $1.7M In Digital Currencies From Terrorist Groups The operation represents Israel’s most recent response to confront a new generation of loosely affiliated militants in the West Bank. Israel said the raid was conducted in order to address Jenin's status as a "safe haven for terrorist operatives," while the Palestinian Authority call