Netanyahu fires Defense Minister Yoav Gallant

Yoav Gallant credit: IDF Spokesperson
Yoav Gallant credit: IDF Spokesperson

Israel Katz has been named as the new defense minister while Gideon Sa'ar replaces Katz as Minister of Foreign Affairs.

Israel's Prime Minister Benjamin Netanyahu has fired Minister of Defense Yoav Gallant. Netanyahu said, "In the midst of a war, more than ever, full trust is needed between the prime minister and minister of defense. Unfortunately, although in the first months of the war there was such trust and there was very productive work, in recent months that trust between the minister of defense and myself has been broken."

He continued, "Significant differences have emerged between Gallant and myself in the management of the war, and these differences were accompanied by statements and actions that contradicted the decisions of the government and the decisions of the cabinet. I made many attempts to bridge these gaps, but they kept getting wider. They also came to the public's attention in an unacceptable way, and worse than that, they came to the attention of the enemy - our enemies took pleasure in this and derived a lot of benefit from it.

"Differing opinions in open discussions, everyone knows, those who know me - this is my way of managing the discussions and the evaluations and decisions. Everyone knows this. But the crisis of trust that gradually opened up between me and the minister of defense has come into the public domain, and this crisis does not allow for the proper continuation of management of the war. I'm not the only one who says this, most of the members of the government and most of the members of the cabinet share this feeling that it is impossible to continue like this."

Netanyahu has replaced Gallant with Israel Katz, who currently serves as Minister of Foreign Affairs, where he will be replaced by Gideon Sa'ar.

National Unity party leader MK Benny Gantz said in response,"This is politics at the expense of national security."

Published by Globes, Israel business news - en.globes.co.il - on November 5, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Yoav Gallant credit: IDF Spokesperson
Yoav Gallant credit: IDF Spokesperson
US President Donald Trump and Prime Minister Benjamin Netanyahu April 7, 2025  credit: Avi Ohayon, Government Press Office Netanyahu fails to persuade Trump to remove tariff on Israel

Asked by reporters whether Israel would be exempted from his tariffs policy, US President Donald Trump replied, "Maybe not. Don’t forget we help Israel a lot."

FBI to investigate Nakash Group Israel CEO

The complaint against Avi Hormaro was filed with the FBI offices in Miami, Florida, where many of the group's companies are incorporated, "Globes" has learned.

Bank of Israel credit: Shutterstock Israel's forex reserves fell in March

Israel’s foreign exchange reserves at the end of March 2025 fell to $218.821 billion, a decrease of $1.433 billion from their level at the end of February, the Bank of Israel reports.

Bank of Israel Governor Prof. Amir Yaron credit: GPO BoI keeps rate unchanged, cuts growth forecast

The Bank of Israel is concerned about inflation, the escalation of the war in Gaza, which has raised Israel's risk premium, and the turmoil on global markets set off by the trade war.

Eilat Ramon Airport Credit: Sivan Farag Eilat Municipal Spokesperson Russian airline to kick-start int'l flights from Eilat's Ramon airport

Russian airline Red Wings is to launch direct flights between Eilat's Ramon airport and Moscow and Sochi in Russia starting June 12.

High-tech credit: Shutterstock 8,300 tech employees left Israel after start of war

Amid increased relocation, Israel's tech workforce has contracted for the first time in over a decade, the Israel Innovation Authority reports.

Donald Trump  credit: Shutterstock Israel can't escape impact of tariffs

Even if Israel obtains relief from the tariff imposed on it by US President Trump, it will feel the global effects of the trade war, analysts say.

Shekel versus US dollar  credit: Tali Bogdanovsky US market slide shakes shekel

The shekel weakened significantly against both the US dollar and the euro at the opening of foreign exchange trading today.

Arik Faingold credit: Nati Levi Israeli autonomous frontend co AutonomyAI raises $4m

Led by Arik Faingold, the founder of cybersecurity unicorn Pentera, AutonomyAI offers a platform that learns and understands the full organizational context and generates code that can be deployed directly to the production environment.

British Airways aircraft  credit: Shutterstock/Jarek Kilian Tel Aviv - London fares to fall as British Airways resumes flights

From June there will be 20-32 weekly flights operated on the popular Tel Aviv - London route by foreign airlines - British Airways, Wizz Air and easyJet.

Partner Partner forms int'l business diivision

The division will be headed by former Bezeq International VP Global Business Nissan Arieh.

Caesarstone kitchen credit: Caesarstone Caesarstone bucks Nasdaq as tariffs boost potential

The Israeli quartz countertop manufacturer company has fallen on hard times due to Chinese rivalry but tariffs could boost its revenue.

ZIM ship credit: ZIM Trump's tariffs torpedo ZIM's share price

ZIM's share price fell 16.4% on Wall Street on Thursday and a further 7.2% on Friday, closing with a market cap of $1.5 billion, wiping out all its gains in 2025.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Holon, Rehovot, Kiryat Tivon, Shlomi and Beersheva.

THAAD anti missile system credit: The US Army Ralph Scott Wikimedia US deploys more THAAD, Patriot batteries in Israel - report

Amid rising regional tensions the US is bolstering Israel's air defense, Saudi state-owned TV channel Al Arabiya reports.

Tel Aviv Stock Exchange credit: Shutterstock TASE tumbles in Wall Street's wake

Dual-listed stocks have again been hard hit, but the banks are also down sharply.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018