Newly discovered natural gas reserves off Israel’s coast will contribute to greater-than-expected economic growth in 2013, according to statements issued by Israel’s Finance Ministry. A joint U.S.-Israel consortium is expected to start drilling for the gas in 2013, extracting some of the estimated 274 billion cubic meters of reserves from...

Sunni-backed opposition forces battling to overthrow the regime of Syrian ruler Bashar al-Assad will soon try to eradicate Israel, according to statements made by Abed Shihadeh, a top Jordanian Salafist figure. Shihadeh, who was speaking at the funeral of a suicide bomber, went on to label the United States “the...

The resignation of Israeli Foreign Minister Avigdor Lieberman, which comes in the wake of a decision yesterday by Israel’s attorney general to indict Lieberman on corruption charges, has analysts and pundits scrambling to reevaluate electoral scenarios as Israelis prepare to go to the polls on January 22. Lieberman has been...

Palestinian President Mahmoud Abbas has reiterated the Palestinian Authority’s intention to wage an international diplomatic campaign against Israel, which would leverage the Palestinians’ upgraded status at the United Nations to sue Israel in the International Criminal Court. The statements come as Abbas’s Fatah faction, which controls the West Bank, has...

Pentagon officials are pressing Congress to enhance military sales to Israel in the form of an additional $647 million package which would include 6,900 tail kits used to transform free-fall bombs into precise satellite-guided weapons and thousands of 900kg bunker buster bombs. The tail kits would supplement an Israeli arsenal...

Google has opened a start-up incubator, the Internet giant’s second, in Tel Aviv. The campus, which is already live on the web, will offer “a warm and vibrant nest for local – and visiting – Internet startups and other players in the ecosystem, offering co-working office and event spaces and...