Economy

Ministry forecasts an inflation rate of 2.8% in 2021 and 2.1% in 2022, projects next year will see 4.7% growth rate.

Elbit Systems Emirates "will seek to foster a long-term cooperation with the United Arab Emirates Armed Forces." Abraham Accords "provide a sound basis for business collaborations in the region," an Elbit official says.

Survey by e-commerce giant reveals that over 20,000 Israeli businesses began exporting goods through its platform.

"The Dubai Airshow provides IAI with the opportunity to come together with the UAE, the Gulf countries more broadly, and other global companies to share its innovative world-class solutions and develop new collaborations," defense contractor says.

Jerusalem and New Delhi strive to finalize a free trade agreement by mid-2022. Indian foreign affairs minister meets with Israeli university heads seeking an expansion of academic ties between the two countries.

IAI, Korea Aerospace Industries ink deal on a new program involving loitering munitions. The expanded cooperation between the two space-related entities will offer the South Korean military new technologies.

Projects include wide-scale plans in the fields of transportation, energy, water, and government buildings. "These are large projects that will bring more continued growth to the Israeli economy," Finance Minister Avigdor Lieberman says.

El Al in 2018 had sought to buy Israir, another small Israeli carrier that flies to the southern resort of Eilat and a host of European cities, but Israel's competition regulator would not allow the merger.

Israeli jeweler Avi Tavisal, who was invited to create a collection for the historic show, produces the AlSakhra line, inspired by Muhammad's famous Night Journey and the Dome of the Rock.

Facebook first unveiled cryptocurrency project "Novi" in June 2019, as part of an effort to expand into e-commerce and global payments, but US lawmakers warn the social media giant's plans "are incompatible with the actual financial regulatory landscape."