No, Olay is not an Israeli company.
Olay is a brand owned by Procter & Gamble (P&G), a multinational corporation headquartered in the United States. While P&G has a research and development center in Tel Aviv, it does not make Olay an Israeli company. The ownership and overall operations of Olay are under the umbrella of Procter & Gamble. P&G invests significantly in its R&D center in Tel Aviv, with annual investments reportedly around $2 billion. This investment reflects P&G's global reach and its commitment to innovation, but doesn't change the fact that Olay is a P&G brand, not an Israeli company.
In summary, while P&G has operations in Israel, Olay remains a brand owned and managed by the American multinational, Procter & Gamble.
