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
groundcover founders credit: Yossi Yarom Israeli observability co groundcover raises $35m

groundcover has developed a “Bring Your Own Cloud” (BYOC) observability solution, redefining the architecture of a modern observability platform.

Tel Aviv Stock Exchange credit: Shutterstock MagioreStock Foreign investment in TASE hits five-year high

Foreign investors have been flocking to the Tel Aviv Stock Exchange in recent weeks, the TASE research department tells "Globes."

Elbit Systems tank turret systems credit: Elbit Systems Elbit Systems wins $100m tank turret systems deal

The Israel defense electronics company will supply its advanced UT30 MK2 unmanned turret systems to General Dynamics European Land Systems (GDELS) to be supplied to a NATO European country.

Tomer Weingarten Photo: PR Trump targets SentinelOne exec in act of revenge

The US administration has suspended the security clearance of the company's chef intelligence and public policy officer Chris Krebs and everyone associated with him.

Tel Aviv Stock Exchange share prices rising credit: Tali Bogdanovsky TASE opens sharply higher after Trump U-turn on tariffs

The pause is being interpreted as a climb down after US President Donald Trump admitted he had made the move to calm the markets.

Ashot Ashkelon credit: Ministry of Defense Up 250%, Ashot Ashkelon wins another Defense Ministry order

The Israeli defense company's share price has risen 250% in the past three years since FIMI Opportunity Funds acquired control.

Liad Agmon credit: Eyal Izhar Insight Partners Liad Agmon steps down as managing partner

Serial entrepreneur Agmon has served as a partner at Insight Partners Israel alongside Daniel Aronovitz who set up the Israel office.

Shekels credit: Shutterstock Vladerina32 Shekel slide resumes amid escalating tariff war

The Bank of Israel is not expected to intervene in the forex market despite the sharp depreciation of the shekel.

Nir Zuk credit: Inbal Marmari Palo Alto Networks mulls buying AI security co for $700m

Sources inform "Globes" that on Palo Alto's radar is Protect AI.

President Donald Trump hosts Prime Minister Benjamin Netanyahu credit: Reuters Kevin Mohatt Israeli officials confident on US tariff concessions

Senior Israeli figures believe that concessions could be tied to progress on strategic regional political issues that are important to President Trump.

Phoenix Investment House CEO Avner Hadad  credit: Tommy Harpaz "The market has priced in all the bad things"

Phoenix Investment House CEO Avner Hadad says US markets could continue to fall, but that we are close to interesting territory for patient investors.

Tel Aviv credit: Shutterstock Tel Aviv slips in World's Wealthiest Cities ranking

Tel Aviv's position as one of the world's wealthiest cities took a big knock over the past year as it slipped from 42nd to 48th in investment advisors Henley & Co.'s "World's Wealthiest Cities" Top 50 ranking.

Leviathan platform  credit: Albatross C'ttee seen recommending no cut in gas exports

The Dayan committee on the future of the gas sector estimates that Israel's natural gas reserves will run out in 2045.

Accountant General Yali Rothenberg credit: Rafi Kutz Israel's fiscal deficit continues to narrow

The deficit narrowed in the twelve months to the end of March 2025, for the sixth consecutive month, Ministry of Finance accountant general Yali Rothenberg reported today.

Arkia credit: Arkia Arkia cuts Tel Aviv - New York April fares

Arkia has cut fares at the last minute, a time when prices usually soar even higher, according to the pricing method used in the industry.

Bank of Israel Governor Prof. Amir Yaron credit: Dani Shem Tov Knesset Spokesperson BoI Governor: US tariffs could push up inflation in Israel

Prof. Amir Yaron tells "Globes" that there is a risk that the new tariffs will cause inflation to rise in the US, with a knock-on effect for Israel.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018