Israeli Companies Show Resilience Amid Hamas Attack
Despite the recent surprise attack launched by Hamas over the weekend, companies in Israel are determined to maintain their operational capacity and continue serving their customers. While some businesses have temporarily closed offices or reduced their capacity in specific locations, others remain unaffected by the ongoing fighting.
Bank Leumi Le-Israel, one of Israel’s major banks, has implemented a business continuity plan to ensure uninterrupted operations. Following directions from the Israel Defense Forces Home Front Command, the bank has closed some branches but most of them remain open. All employees are working either on-site or remotely, ensuring that customer needs are met.
Real-estate company Melisron has taken steps to limit customer traffic in its malls, in compliance with the Home Front Command’s directives. This precautionary measure has prompted a temporary decline in Melisron’s shares, reflecting the prevailing uncertainty. Nonetheless, the company remains focused on managing its activities and is confident that the stock market will rebound in the medium term.
ICL Group, a leading Israeli chemical manufacturer, reports that its business activities continue to function without disruption. In addition to maintaining its commitment to customers, the company and its workforce are actively engaged in relief efforts and volunteer initiatives to assist evacuated residents, recognizing the toll the circumstances have taken on all involved.
Energean, an oil-and-gas company listed on both London and Tel Aviv’s stock exchanges, assures stakeholders that production, supply, and offshore work are all proceeding as planned. While the northern area of Israel, where Energean operates, is currently not under attack, the company closely monitors the situation to effectively manage any scenario. Energean emphasizes its unwavering dedication to underwriting Israel’s energy security during these challenging times.
Elbit Systems, a defense electronics manufacturer, has prioritized its support to the Israeli defense forces while maintaining regular operations to ensure ongoing customer support globally. The company recognizes the importance of both national defense and delivering reliable products and services to its customers around the world.
Chip makers Tower Semiconductor and Valens Semiconductor report that their operations are not being impacted by the situation in Israel. Both companies continue to work as usual, with Valens Semiconductor highlighting its outsourced manufacturing process, which remains uninterrupted through third-party facilities in Asia and Europe.
BATM Advanced Communications, a provider of cybersecurity services and laboratory-diagnostic equipment, does not anticipate a significant impact on its business performance following the attacks. The company remains confident in its ability to continue delivering its services effectively.
Maritime artificial intelligence company Windward believes its business has not experienced a material hit from the attacks. The company maintains its operations and remains optimistic about its future despite the challenging circumstances.
The resilience demonstrated by these Israeli companies highlights their commitment to maintaining business continuity and supporting their customers. While the attacks have undoubtedly created uncertainty, these organizations are striving to adapt, innovate, and provide reliable services during these challenging times.
Andrea Figueras, Helena Smolak, Joe Hoppe, Mauro Orru, and Christian Moess Laursen contributed to this article.
