ANI
03 Jul 2025, 20:29 GMT+10
Tel Aviv [Israel], July 3 (ANI/TPS): 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. (ANI/TPS)
Get a daily dose of Iraq Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iraq Sun.
More InformationLONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...
Tel Aviv [Israel], July 3 (ANI/TPS): The government of Israel approved the implementation of what it called a broad compensation plan...
New Delhi [India], July 3 (ANI):Union Home Minister Amit Shah has congratulated the Narcotics Control Bureau (NCB) and all agencies...
Donald Trump has lifted restrictions on former FIDE head Kirsan Ilyumzhinov, who called it proof of Washingtons desire for new relations...
RAS AL KHAIMAH, 3rd July 2025 (WAM) -- The Emirates Charitable Association in Ras Al Khaimah executed 1,451 charitable projects during...