| | JULY 20244 Editorial Business Leadership ChroniclesVol 3 · Issue 5-6 · JUNE, 2024Publisher Alok ChaturvediManaging Editor Sujith Vasudevan Assistant Editor Hima P.M.Manager - DesignPrabhu Dutta A.R.N RayNoidaRohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore - 560008 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Designers Surbhi SumanVP - Sales & Marketing Amrit Kumar Singh Circulation Manager Magendran PerumalEditorialRoshan Akthar Keerthana Kantaraju Nalini Bramhanapalli Roopalatha H. It's been almost a year since the Israel-Palestine conflict reignited. While the conflict severely affected the global business realm, the dust is starting to settle down. The majority of the multinational corporations (MNCs) in the country claim that they see limited impact from war. Israel has more than 400 MNCs operating in the country, including giants like Intel Corp, Nvidia, Google, Microsoft, Hewlett-Packard, Applied Materials, IBM, Philips, and Apple. According to a new report by Israel Advanced Technology Industries (IATI), the MNCs in the country employ around 86,000 people and make up about 18 percent of the high-tech force. According to a poll conducted by accounting firm Ernst & Young, 60 percent of the surveyed managers said the war had minimal impact on their business in Israel, 30 percent responded that the impact was limited, and 10 percent said it was severe.However, the Central Bank of Israel recently predicted that the country's gross domestic product (GDP) will grow by less than previously anticipated. The growth will be restricted to 1.5 percent in 2024 and 4.2 percent in 2025-- with a cumulative decline of 1.3 percent. This setback will likely take Israel's economy further away from growth in the coming years, as Bank of Israel Governor Amir Yaron mentioned. This report also shows that the intensity and duration of fighting in the Israel-Hamas war may increase. However, Israel's corporate sector has been resilient to the circumstances, and we shed light on the stories from the segment through this special yearly issue. Do let us know your thoughts.Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comWar & its Effects
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