The chairman of the Israeli Shipper's Council said that ‘the current distress of Zim, following its privatization, cannot be considered as a problem of its private owners’

Israel's GDP shrank by an annualized 1.6% in the fourth quarter of 2008 and by 3.3% in the first quarter of 2009

President and CEO of 5W: "We are very excited to be working with such a prestigious and major international carrier”

Since the company announced that it was seeking a bond settlement, Maalot has made several downgrades for the bonds

The day of Atonement is known to be the holiest day on the Jewish calendar, falling on the tenth of Tishri, it is a day marked by fasting and prayers

A total of more than 2.6 million tourists have visited the country during the Jewish year 5769 which ended last week

The Tourism Ministers of Israel and Mongolia signed last week a joint tourism agreement in Jerusalem to boost tourism between the two countries

El Al's chief executive will resign within 18 months after about five years in the job