Israel Active

Israeli solar panel cleaning companies and have .

Most large Israeli companies are staying strong during the war. They include Teva, whose results far exceeded market expectations.  

Israel’s Monday.com (see previously) supports some 360 different civilian-led projects including coordinating volunteer activities and locating homes for displaced people.  Despite having 100 employees in the IDF and reserves, Monday.com made $7 million last year.

Israel’s Built Up Ventures and Besadno Group have launched a new Security Fund. The emergency Impact Investment Campaign is raising capital for its portfolio and affiliate companies involved in the defense, homeland security, and essential medical care sectors.

Western Galilee Now’s Support Packages enable people to send gift boxes to evacuees, soldiers or any loved one in Israel. The boxes are filled with premium products sold by small Galilee and Negev-based businesses who are suffering loss of income due to the war. Backed by JNF-USA.

Israel’s Defense Ministry is ensuring that key suppliers do not suffer from cashflow problems. It has paid more than four billion shekels to thousands of small and mid-sized suppliers and manufacturers with a quarter of this going to those on Israel’s borders. It is also making payments in advance.

Israel’s Agriculture Ministry has promised to double the wages of farmhands in fields close to the Gaza and Lebanon borders. It seeks to lure out-of-work Israelis to take up jobs on farms. Israel is also hiring up to 10,000 farm workers from Sri Lanka.

Azerbaijan has bought a Barak MX air defense system from Israel Aerospace Industries from $1.2 billion. Its purpose is said to protect Azerbaijan against the threat from Iran.

Israel has approved an economic aid plan estimated at NIS 15 billion. It includes grants to war-affected businesses with turnover of up to NIS 400 million. It also includes a salary reimbursement program and provides relief for employees put on unpaid leave.

Israel Bonds has raised more than $1 billion in the past month. President and CEO Dani Naveh said, “This is Israel Bonds’ highest surge of investment ever, which demonstrates the strong support for Israel of the Jewish communities and Israel’s supporters in the United States and around the world,”