AMMAN — According to an Israeli
news source, five global technology companies have decided to transfer their
funds from Israeli bank accounts to foreign banks, due to fears regarding the
proposed judicial reform plan announced by Prime Minister Benjamin Netanyahu’s
new extreme-right government.
اضافة اعلان
On Thursday, the source reported, the
companies instructed the Israeli banks holding their funds — worth $7 billion —
to accounts abroad.
The source did not mention the names of the
companies, but indicated that the move comes after pressure from investors in the
companies, and as an attempt to hedge against the risks of the Netanyahu
government’s judicial plan.
The proposed judicial reforms would change
the system of appointing judges, giving politicians more control over the
judiciary. They would also allow the Israeli parliament to overturn any Supreme
Court decision, with a simple majority of 61 deputies in the 120-seat
parliament.
The five companies join four other
companies that previously transferred their funds from Israeli accounts abroad:
WIZ,
Papaya Global, Worbit, and Sky — all tech companies valued at $1 billion
and above.
On Saturday, tens of thousands of Israelis
demonstrated in central Tel Aviv, for the fifth consecutive week, to protest
Netanyahu's right-wing government and its plans.
Read more Region and World
Jordan News
.jpg)
.jpg)
