Palestinian prisoners release
Palestinian relatives celebrate while waiting for the release of Palestinian prisoner at the checkpoint at the entrance of Beit Hanoun between north of Gaza Strip and Israel, Oct. 29, 2013. Photo by AP
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Jeremy Levin, president and CEO of Israel's largest company Teva Pharmaceutical Industries, has agreed to step down in a shock resignation, just 24 hours after denying rumors regarding his resignation.

As the second group of released Palestinian prisoners was being welcomed in Ramallah Tuesday night, Prime Minister Benjamin Netanyahu and Interior Minister Gideon Sa'ar announced plans for construction in Jerusalem beyond the Green Line. The move, which mostly recycles old plans, was meant to placate Israel's right-wingers.

A Kuwaiti newspaper reported that, as part of a deal between Iran and a Western intelligence agency, Israel will soon receive new details regarding missing Israel Air Force navigator Ron Arad in exchange for details on four Iranian diplomats who vanished in Lebanon in the 1980s.

The Israeli government plans to offer $5,000, more than three times its previous incentive, to any African migrant who agrees to leave the country voluntarily and promises not to return. 

While other ministries have been forced to slash spending, the Israeli military seeks a significant budget increase in 2014, with a senior officer saying the Israel Defense Forces need more funding to carry out its basic missions. The cabinet is discussing the defense establishment's request on Wednesday. 

Amid an escalation of signals that the Obama and Netanyahu governments were parting ways on Iran strategy, the White House called in American Jewish leaders for a briefing on short notice. 

Prime Minister Benjamin Netanyahu said Israel will rely on its Arab minority to help fuel economic growth, calling for the community to integrate the economy through entrepreneurship and the rule of law. 

Government funding for ultra-Orthodox students from abroad who are studying at yeshivas in Israel is being reinstated, but their curriculum will now include lessons in Zionism.