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International Companies Temporarily Close Operations in Israel Amidst Escalation of Israeli Aggression against Gaza Strip

The Swiss company Nestlé said that it temporarily closed one of its production factories in Israel “as a precautionary measure,” joining many international companies that closed their headquarters, in light of the escalation of the Israeli aggression against… Gaza strip.

Several international companies suspended some of their operations in Israel, or asked their employees to work from home after the operation “Al-Aqsa Flood” Launched by the Palestinian resistance led by Al-Qassam Brigades (The military wing of the movement agitation On the seventh of this month.

Nestlé CEO Mark Schneider said in a call with reporters about the earnings, “We are focusing on the safety of our colleagues and employees. I have no comment on the development of the business… We have taken the necessary precautionary measures.”

Earlier this month, the Spanish international group of companies, Inditex, temporarily closed 84 of its stores in Israel, two days after the “Al-Aqsa Flood” operation.

Inditex owns prominent brands such as Zara, Pull & Bear, Massimo Dutti and Bershka.

The company said that it informed its customers of the closure of stores through its brands’ websites.

For its part, the Swedish H&M chain of stores – which owns 20 stores in Israel – told its customers that “due to the current situation, there may be a delay in delivery times” for online purchases.

Since the outbreak of the recent conflict between the occupation and the Palestinian resistance, many American, Asian and European airlines have suspended their direct flights to Tel Aviv.

In the energy sector, the American company Chevron announced on the 10th of this month the closure of the “Tamar” gas field, off the northern coast of Israel.

In the business sector, JPMorgan Chase Bank asked 200 employees in Israel to work from home. Goldman Sachs and Morgan Stanley also asked many of their employees in Israel to do the same.

The Israeli economy suffered many losses due to the repercussions of the “Al-Aqsa Flood” (Reuters)

A few days ago, shipping and commercial sources said that the port of Ashkelon and its oil facility in Israel were closed following clashes between Israeli forces and the Palestinian resistance.

Data and sources have shown that the congestion of ships is increasing in Israeli ports as operations continue in most ports, amid the Israeli army’s preparations to launch a ground attack on the Gaza Strip.

Israel is facing intense missile barrages, including in the south, which led to the closure of the port of Ashkelon, the closest Israeli port to Gaza.

The Port of Ashdod imposed restrictions on the transport of hazardous materials, which led to a slowdown in the transit of ships.

The Palestinian resistance operations caused losses to the Israeli economy in a number of financial and production sectors, in addition to the decline of the shekel and the Tel Aviv Stock Exchange.

On Saturday, October 7, the Palestinian resistance launched Operation “Al-Aqsa Flood” against the occupation, leaving hundreds dead and economic losses, while the Israeli forces responded with intense bombing of Gaza, leaving 3,500 martyrs, most of them women and children.

2023-10-19 14:46:04
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