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{image_1} The American dollar’s value against the Israeli shekel has dropped more than 20% since last summer, at around 3.5 shekels to the dollar. On March 18, the exchange rate hit its lowest point since 1997 at 3.38 shekels. In response to the decline, the Bank of Israel took the unusual move of buying American dollars for the first time since 1997.
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{image_1} Israel has expanded her missile defense capabilities with an agreement from the United States to connect to the US Early-Warning Radar System. The worldwide system can be used to detect ballistic missile launches. In an e-mail to Bridges for Peace on the subject, the Israeli Ministry of Defense spokesperson would only say that “the subject is in negotiation with the Americans.”
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The United Nations World Food Programme called high food prices a
“silent tsunami,” but it’s not just
hitting Indonesia this time. Israel is also feeling the affect of the
price surges. David Franklin, CEO of Sugat, Israel’s largest
retail importer of rice, sugar, grains and more, said their grain and
rice costs have gone up a minimum of 60% in the last year. Some food
price increases over that time vary, however, since in some cases the
price of sugar actually has declined after rising in cost a year ago.
{image_1}A truck carrying 6.5 tons (5.8 metric tons) of potassium nitrate was halted by the Israel Defense Forces at a check point into Judea and Samaria (West Bank) earlier this year. The potassium nitrate was found in sugar bags, disguised as aid from the European Union (EU). The EU has denied any association with the smuggling attempt.
Continue Reading »“I thought it good to declare the signs and wonders that the Most High God has worked for me” (Dan. 4:2).
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{image_1}Iran says it has successfully launched a rocket capable of bringing a satellite into orbit. RIA Novosti, a Russian news agency, reported that an Iranian spokesman said on February 5 the space technology efforts do not pose a threat to the rest of the world.
Continue Reading »The Bushehr nuclear power plant in southwestern Iran took a step closer to operability on January 28, as Iranians received the last batch of nuclear fuel from Russia. Some 82 tons [49 metric tons] of nuclear fuel arrived in Iran to allow the facility to start producing electricity. The plant should have been up and running at the end of 2007, but contractual problems led to a considerable delay. Russia said Iran had failed to make payments on time. Besides the fuel for the initial commissioning, auxiliary equipment for the plant also arrived.
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{image_1}A new study conducted by the Israel Democracy Institute shows that the secular sector in Israel is shrinking. Only 20% of Jewish Israeli citizens define themselves secular—the lowest number in 34 years. The traditional sector [those somewhat observant to religion] has maintained its dominancy over the last three decades and currently accounts for 47% of the population. The ultra-Orthodox and religious sectors comprise another 33%.
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{image_1}In a joint statement read by US President George W. Bush at the start of the Annapolis peace summit, Israel Prime Minister Ehud Olmert, and Palestinian Authority President Mahmoud Abbas [Abu Mazen] pledged to start the first serious negotiations in seven years in December 2007.
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{image_1}The first shipment of Russian fuel arrived for the Iranian nuclear reactor even as nations gathered in Paris to raise international support for the Palestinian Authority (PA).
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