Israir reportedly decided to suspend its New York flights because of escalating fuel prices and in expectation of a drop in the number of passengers

Imports of washing machine fell 27%, dishwasher imports fell 28%, clothes dryer imports fell 53%, and imports of VCRs and DVDs fell 17%

Israel has an official annual inflation target of 1 to 3%. A strong shekel has helped to keep inflation pressures from rising further

Three companies submitted bids - Kocks, ZPMC and Konecranes. The port has not yet released the name of the party to supply the port with 15 gantry cranes

On flights from North America and Far East and South Africa the surcharge will go down by US$0.08 to US$1.56 per kilo

A global aviation agreement could allow Israeli carriers unlimited flights between EU member states

The partnership will allow passengers on American Airlines flights to easily connect to El Al nonstop routes. The code-sharing agreement would begin on September 2

Likud MK Moshe Kahlon, the committee chair, said privatization and the tariff system at the ports will be reevaluated in the near future