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A Year of Crisis

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Israel’s Population Stands at 6.8 Million

December 27, 2004

{image_1} On the eve of Rosh Hashanah this past September, Israel’s population was estimated at 6.8 million, consisting of 5.5 million Jews (81 percent) and 1.3 million Arabs.

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Prayer Rally at the Western Wall

December 27, 2004

{image_1} A prayer rally filled the Western Wall plaza on a Sunday afternoon in mid-September, with thousands of worshipers crying out for divine protection from terrorism and expulsion from parts of Israel. Psalms were sung in a responsive manner, with loudspeakers projecting the sound of King David’s poetry throughout the area.

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Israel Trade With Arab Countries Up

{image_1} The first three quarters of 2004 have seen almost a 50 percent increase in Israel’s trade with Arab countries. Despite the Oslo War, Israel’s economic relations with Arab states are apparently warming up. Israel’s trade with the Arab world rose a total of 47.4 percent so far in 2004 to US $169.7 million, according to Israel’s Central Bureau of Statistics.

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Viable Oil Strike in Israel

{image_1} For the first time in many years, a new, commercially viable oil well has been discovered in Israel. The Lapidot Oil Company recently concluded a drilling in Heletz, northeast of Sderot, and found a deposit of some 750,000 barrels of oil.

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