Produced by: Tarun Mishra
Designed by: Mohsin Shaikh
As Israel engages in a war with Hamas in the Gaza Strip, numerous global companies with a presence in the region have opted to either suspend their operations or implement remote work arrangements for their employees. These companies span various industries, including airlines and banks, and are taking specific measures to adapt to the situation
Airlines hailing from Asia, Europe, and the United States have temporarily halted direct flights to Tel Aviv. Notably, Delta Air Lines, a major US carrier, has extended its flight cancellations to Tel Aviv until October 31, closely monitoring the situation. Meanwhile, El Al, Israel's flagship carrier, has ramped up its flight operations to facilitate the transportation of Israeli reservists during the country's most extensive mobilisation effort to date
Israel's Ministry of Energy has issued an order for Chevron, the second-largest US oil and gas producer, to cease operations at the Tamar natural gas field, which is situated off the northern coast of Israel
Several financial institutions have made significant adjustments. Goldman Sachs and JPMorgan Chase have directed their Tel Aviv-based employees to work remotely. Bank of America has taken the step of closing its office in Tel Aviv while maintaining vigilant monitoring of the situation. Morgan Stanley has similarly instructed its staff at the Israel office to work from home for the foreseeable future. Additionally, Citigroup, which boasts the largest presence among foreign financial institutions in Israel, has granted its staff the flexibility to choose between remote work and office work
Adani Ports, overseen by Indian billionaire Gautam Adani, is keeping a close watch on the situation at Haifa Port in northern Israel and has prepared a comprehensive business continuity plan. Meanwhile, global delivery giant FedEx has temporarily suspended its services in Israel, and UPS has temporarily halted both inbound and outbound flights to and from the country. UPS, however, has assured the public that they have contingency plans in place to expedite shipments already in Israel to their destinations as soon as safety conditions permit
Nvidia, the world's leading manufacturer of computer graphics and artificial intelligence chips, has made the decision to cancel an AI summit that was scheduled to take place in Tel Aviv, an event that was supposed to feature CEO Jensen Huang
Clothing retail giant H&M has temporarily closed all its stores in Israel. Similarly, Inditex, the parent company of Zara, has also temporarily closed all 84 of its stores in Israel
Pharmaceutical firm Eli Lilly and Co is actively monitoring the situation and has committed to taking all necessary steps to ensure the safety of its staff while simultaneously working to maintain an uninterrupted supply of medicines to patients in the region