News from Jerusalem

Israel’s economy “remains strong” despite the international downward trend, according to the International Monetary Fund.

New EU sanctions will have drastic effect on Iran’s economy.
Hamas leader visits Jordan; may move there.
Organization to move HQ from Syria.

In what already may be an oil war with the West, Iranian officials are signaling that the Islamic republic will close the Strait of Hormuz to bring about the downfall of Western economies if the U.S. Congress and the European Union impose a ban on Iranian oil exports

Gas exports to Israel pump $300m. into Egyptian economy.
Israeli companies employ thousands of Egyptians.
Arab Spring presents new opportunities for economic cooperation