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NOTE 8 - WAR IN ISRAEL
12 Months Ended
Dec. 31, 2024
Notes  
NOTE 8 - WAR IN ISRAEL

NOTE 8-WAR IN ISRAEL  

 

In October 2023, Hamas terrorists and members of other terrorist organizations infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets, together with extensive rocket attacks on the Israeli population along Israel’s border with the Gaza Strip and in other areas within the State of Israel. Following the attacks, the Israeli government declared war against Hamas and commenced a military campaign against these terrorists (hereinafter: "Swords of Iron War"). In parallel, clashes between Israel and Hezbollah, a terrorist organization operating in Lebanon, intensified on Israel’s northern border with Lebanon. Most recently, in early April 2024, Iran launched extensive rocket and drone attacks on Israeli military sites and it is reported that Israel is planning a retaliatory attack against Iran. These armed conflicts may further escalate into a greater regional conflict and could adversely affect our business and financial results.

 

As of the date of approval of the financial statements, in the Company's estimation, the "Swords of Iron War" events are not expected to have a material effect on the results of the Company's operations.