What are global firms with presence in Israel doing after Hamas attacks

Global companies with a presence in Israel have made adjustments to their operations due to the ongoing military clashes between Israel and Hamas. Airlines have suspended direct flights to Tel Aviv, oil major Chevron has shut down a natural gas fi...

Agencies
Global companies with a presence in Israel have temporarily shut some operations and asked employees to work from home following military clashes between the country and the Palestinian Islamist group Hamas.

Following are steps taken by companies ranging from airlines to banks:

AIRLINES:
Several U.S., Asian and European airlines have suspended direct flights to Tel Aviv.


OIL MAJORS:
Chevron: The No. 2 U.S. oil and gas producer has been instructed by Israel's energy ministry to shut down the Tamar natural gas field off the country's northern coast, a company spokesperson said on Monday.

BANKS:
JPMorgan Chase: The Wall Street bank has asked more than 200 employees in Israel to work from home, a source familiar with the matter told Reuters.

Goldman Sachs: The bank's employees at its office in Tel Aviv have been asked to work from home, a spokesperson said.
ADVERTISEMENT

Morgan Stanley: Bloomberg News reported that the bank has an office in Israel and has also told its staff to work from home for the foreseeable future.

LOGISTICS:
Adani Ports: Indian billionaire Gautam Adani's Adani Ports, operator of the Haifa Port in northern Israel, said the port was operational but added it was closely monitoring the situation and is prepared with a business continuity plan.

TECH:
Nvidia: The world's largest maker of chips used for artificial intelligence and computer graphics said it had canceled an AI summit scheduled for Tel Aviv next week. CEO Jensen Huang was scheduled to speak at the conference.

CONSUMER AND RETAIL:
H&M: The clothing company said its local franchise partner has temporarily closed all stores in Israel.

ADVERTISEMENT
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › World News › What are global firms with presence in Israel doing after Hamas attacks
Text Size:AAA
Success
This article has been saved

*

+