Home / News / World News / Article / Israel-Iran war: Israeli Govt approves aid for firms affected by Iran tensions

Israel-Iran war: Israeli Govt approves aid for firms affected by Iran tensions

Small businesses will receive a fixed grant according to the level of damage, and medium-sized and large businesses will receive partial reimbursement of expenses and salary payments.

Listen to this article :
Palestinian men sit next to the rubble of a residential house hit in the overnight Israeli strike. Pic/AFP

Palestinian men sit next to the rubble of a residential house hit in the overnight Israeli strike. Pic/AFP

The government of Israel approved the implementation of what it called a broad compensation plan for businesses that were economically damaged due to Operation "Rising Lion" against Iran.

The plan includes a spending track for businesses throughout the country, along with unique adjustments to the "temporary unpaid vacation" model (temporary layoffs) in order to ensure a broad safety net for businesses and employees that were damaged due to the war and the Home Front Command's guidelines.

The compensation will be provided to businesses with an annual turnover ranging from 12,000 Shekels (USD 3,557) to 400 million Shekels (USD 118 million), and will be based on the rate of damage to the revenue cycle during the months of June or May-June 2025. Small businesses will receive a fixed grant according to the level of damage, and medium-sized and large businesses will receive partial reimbursement of expenses and salary payments.

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement