Israel-Hamas war: How is it affecting multinational corporations

Published by: Vivek Dubey

Global companies adjust operations in Israel amid escalating conflict. Travel, tech, retail, and pharma sectors adapt to ensure business continuity and employee safety. Read ahead for more details.

TRAVEL

Delta Air Lines has cancelled flights to Tel Aviv until Oct 31.

Norwegian Air cancelled an evacuation flight from Tel Aviv due to insurance issues.

KLM withdrew an offer to fly Dutch citizens out of Israel due to safety concerns.

TRAVEL

El Al is running more flights to bring reservists back to Israel.

Royal Caribbean is adjusting itineraries in the area and notifying impacted guests.

Carnival has adjusted its cruise itineraries and is not docking at Israeli ports.

HOTELS

IHG Hotels & Resorts has increased security measures around their hotels in Israel.

Six Senses Shaharut and Hotel Indigo Tel Aviv have temporarily closed.

BANKS AND PAYMENTS FIRMS

JPMorgan Chase has asked over 200 employees in Israel to work from home.

Goldman Sachs’ employees in Tel Aviv have been asked to work from home.

BANKS AND PAYMENTS FIRMS

Morgan Stanley’s staff in Israel have been told to work from home.

Citigroup offered flexibility for staff in Israel to work from home or office.

Bank of America’s Tel Aviv office will remain closed for now.

LOGISTICS

Adani Ports in Israel is operational with a business continuity plan.

FedEx has reinstated its service in Israel.

UPS has suspended flights to Israel but has contingency plans.

OIL MAJORS

Chevron has been instructed by Israel’s energy ministry to shut down the Tamar natural gas field.

Nvidia cancelled an AI summit scheduled for Tel Aviv next week.

TECH

CONSUMER AND RETAIL

H&M’s local franchise partner has closed all stores in Israel.

Inditex SA’s stores in Israel are temporarily closed with extended return timeframes.

Decathlon warns of delivery delays due to the security situation.