diff --git a/crates/RustQuant_time/Cargo.toml b/crates/RustQuant_time/Cargo.toml
index 9461fecd..5556cd10 100644
--- a/crates/RustQuant_time/Cargo.toml
+++ b/crates/RustQuant_time/Cargo.toml
@@ -20,7 +20,8 @@ RustQuant = { path = "../RustQuant" }
 [dependencies]
 RustQuant_iso = { workspace = true }
 RustQuant_utils = { workspace = true }
-
+icu = "1.5.0"
+serde.workspace = true
 time = { workspace = true }
 
 ## ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
diff --git a/crates/RustQuant_time/src/countries/middle_east/israel.rs b/crates/RustQuant_time/src/countries/middle_east/israel.rs
new file mode 100644
index 00000000..8021d1d6
--- /dev/null
+++ b/crates/RustQuant_time/src/countries/middle_east/israel.rs
@@ -0,0 +1,226 @@
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+// RustQuant: A Rust library for quantitative finance tools.
+// Copyright (C) 2022-2024 https://github.com/avhz
+// Dual licensed under Apache 2.0 and MIT.
+// See:
+//      - LICENSE-APACHE.md
+//      - LICENSE-MIT.md
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+// IMPORTS
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+
+use time::{Date, Weekday};
+
+use icu;
+
+use crate::calendar::Calendar;
+use crate::utilities::unpack_date;
+use RustQuant_iso::*;
+
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+// CONSTANTS
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+
+const JEWISH_HOLIDAYS: [(u8, u8); 16] = [
+    (12, 29), // Jewish new year (Rosh Hashana) I
+    (1, 1),   // Jewish new year (Rosh Hashana) II
+    (1, 2),   // Jewish new year (Rosh Hashana) II
+    (1, 9),   // Yom Kippur I
+    (1, 10),  // Yom Kippur II
+    (1, 14),  // Sukkot I
+    (1, 15),  // Sukkot II
+    (1, 22),  // Simchat Torah I
+    (1, 23),  // Simchat Torah II
+    (6, 14),  // Purim
+    (7, 14),  // Passover I
+    (7, 15),  // Passover II
+    (7, 20),  // Passover two I
+    (7, 21),  // Passover two II
+    (9, 5),   // Shavut I
+    (9, 6),   // Shavut I
+];
+
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+// STRUCTS, ENUMS, TRAITS
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+
+/// Israel a national holiday calendar.
+pub struct IsraelCalendar;
+
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+// IMPLEMENTATIONS, METHODS
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+
+impl IsraelCalendar {
+    /// Hebrew weekend is Friday and Saturday,
+    /// as opposed to Saturday and Sunday in the Gregorian calendar.
+    fn is_weekend(&self, date: Date) -> bool {
+        let wd = date.weekday();
+        wd == Weekday::Friday || wd == Weekday::Saturday
+    }
+}
+
+impl Calendar for IsraelCalendar {
+    fn name(&self) -> &'static str {
+        "Israel"
+    }
+
+    fn country_code(&self) -> ISO_3166 {
+        ISRAEL
+    }
+
+    fn market_identifier_code(&self) -> ISO_10383 {
+        XTAE
+    }
+
+    fn is_business_day(&self, date: Date) -> bool {
+        !self.is_weekend(date) && !self.is_holiday(date)
+    }
+
+    fn is_holiday(&self, date: Date) -> bool {
+        let (y, m, d, wd, _, _) = unpack_date(date, false);
+        let m = m as u8;
+        let iso_date = icu::calendar::Date::try_new_iso_date(y, m, d)
+            .expect("Failed to initialize ISO Date instance for constructing Hebrew date.");
+
+        let hebrew_date = iso_date.to_calendar(icu::calendar::hebrew::Hebrew);
+        let mut hebrew_month = hebrew_date.month().ordinal as u8;
+        let hebrew_day = hebrew_date.day_of_month().0 as u8;
+
+        if hebrew_date.is_in_leap_year() && hebrew_month > 7 {
+            hebrew_month -= 1;
+        }
+
+        let is_independence_or_memorial_day = match &(hebrew_month, hebrew_day, wd) {
+            (8, 3..=4, Weekday::Thursday) => true,
+            (8, 2..=3, Weekday::Wednesday) => true,
+            (8, 5, Weekday::Monday) => true,
+            (8, 6, Weekday::Tuesday) => true,
+            (8, 5, Weekday::Wednesday) => true,
+            (8, 4, Weekday::Tuesday) => true,
+            _ => false,
+        };
+
+        let is_tisha_beav = match &(hebrew_month, hebrew_day, wd) {
+            (11, 10, Weekday::Sunday) => true,
+            (11, 9, Weekday::Saturday) => false,
+            (11, 9, _) => true,
+            _ => false,
+        };
+
+        JEWISH_HOLIDAYS.contains(&(hebrew_month, hebrew_day))
+            || is_independence_or_memorial_day
+            || is_tisha_beav
+    }
+}
+
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+// UNIT TESTS
+// ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
+
+#[cfg(test)]
+mod test_israel {
+    use super::*;
+    use time::macros::date;
+    use time::Month;
+
+    // Test to verify the name() method.
+    #[test]
+    fn test_name() {
+        let calendar = IsraelCalendar;
+        assert_eq!(calendar.name(), "Israel");
+    }
+
+    // Test to verify if weekends are not considered business days.
+    #[test]
+    fn test_is_weekend() {
+        let calendar = IsraelCalendar;
+        let fri = date!(2023 - 01 - 27);
+        let sat = date!(2023 - 01 - 28);
+        assert!(!calendar.is_business_day(fri));
+        assert!(!calendar.is_business_day(sat));
+    }
+
+    // Test to verify if the is_business_day() method properly accounts for public holidays.
+    #[test]
+    fn test_is_public_holiday() {
+        let calendar = IsraelCalendar;
+        let holidays = vec![
+            (2024, 3, 24),  // Purim
+            (2024, 4, 22),  // Passover Eve
+            (2024, 4, 23),  // Passover
+            (2024, 4, 28),  // Passover II Eve
+            (2024, 4, 29),  // Passover II
+            (2024, 5, 13),  // Memorial Day
+            (2024, 5, 14),  // Independence Day
+            (2024, 6, 11),  // Pentecost (Shavuot) Eve
+            (2024, 6, 12),  // Pentecost (Shavuot)
+            (2024, 8, 13),  // Fast Day (Tisha B'Av)
+            (2024, 10, 3),  // Jewish New Year I
+            (2024, 10, 4),  // Jewish New Year II
+            (2024, 10, 11), // Yom Kippur Eve
+            (2024, 10, 17), // Feast of Tabernacles (Sukkoth)
+            (2024, 10, 24), // Rejoicing of the Law (Simchat Tora)
+            (2025, 3, 14),  // Purim
+            (2025, 4, 13),  // Passover
+            (2025, 6, 2),   // Pentecost (Shavuot)
+            (2025, 8, 3),   // Fast Day (Tisha B'Av)
+            (2025, 9, 23),  // Jewish New Year I
+            (2025, 9, 24),  // Jewish New Year II
+            (2025, 10, 2),  // Yom Kippur
+            (2025, 10, 7),  // Feast of Tabernacles (Sukkoth)
+            (2025, 10, 14), // Rejoicing of the Law (Simchat Tora)
+            (2015, 3, 5),   // Purim
+            (2015, 4, 10),  // Passover II
+            (2015, 4, 23),  // Independence Day
+            (2015, 5, 24),  // Pentecost (Shavuot)
+            (2015, 7, 26),  // Fast Day
+            (2015, 9, 14),  // Jewish New Year I
+            (2015, 9, 15),  // Jewish New Year II
+            (2015, 9, 23),  // Yom Kippur
+            (2015, 9, 28),  // Feast of Tabernacles (Sukkoth)
+            (2015, 10, 5),  // Rejoicing of the Law (Simchat Tora)
+            (2018, 3, 1),   // Purim
+            (2018, 4, 6),   // Passover II
+            (2018, 4, 19),  // Independence Day
+            (2018, 5, 20),  // Pentecost (Shavuot)
+            (2018, 7, 22),  // Fast Day
+            (2018, 9, 10),  // Jewish New Year I
+            (2018, 9, 11),  // Jewish New Year II
+            (2018, 9, 18),  // Yom Kippur Eve
+            (2018, 9, 19),  // Yom Kippur
+            (2018, 9, 24),  // Feast of Tabernacles (Sukkoth)
+            (2018, 10, 1),  // Rejoicing of the Law (Simchat Tora)
+            (2017, 3, 12),  // Purim
+            (2017, 4, 11),  // Passover 1
+            (2017, 4, 17),  // Passover II
+            (2017, 5, 2),   // Independence Day
+            (2017, 5, 31),  // Pentecost (Shavuot)
+            (2017, 8, 1),   // Fast Day
+            (2017, 9, 21),  // Jewish New Year I
+            (2017, 9, 22),  // Jewish New Year II
+            (2017, 9, 29),  // Yom Kippur Eve
+            (2017, 10, 5),  // Feast of Tabernacles (Sukkoth)
+            (2017, 10, 12), // Rejoicing of the Law (Simchat Tora)
+        ];
+        for (y, m, d) in holidays {
+            let date = Date::from_calendar_date(y, Month::try_from(m).unwrap(), d).unwrap();
+            assert!(!calendar.is_business_day(date));
+        }
+    }
+
+    // Test to verify if the is_business_day() method properly accounts for regular business days.
+    #[test]
+    fn test_is_regular_business_day() {
+        let calendar = IsraelCalendar;
+        let regular_day1 = date!(2021 - 08 - 04);
+        let regular_day2 = date!(2024 - 04 - 09);
+        let regular_day3 = date!(2023 - 11 - 27);
+
+        assert!(calendar.is_business_day(regular_day1));
+        assert!(calendar.is_business_day(regular_day2));
+        assert!(calendar.is_business_day(regular_day3));
+    }
+}
diff --git a/crates/RustQuant_time/src/countries/mod.rs b/crates/RustQuant_time/src/countries/mod.rs
index 83be6359..8615816d 100644
--- a/crates/RustQuant_time/src/countries/mod.rs
+++ b/crates/RustQuant_time/src/countries/mod.rs
@@ -80,3 +80,9 @@ pub mod south_america {
     /// Chile holidays and calendars.
     pub mod chile;
 }
+
+/// Calanders implemented for Middle Eastern countries. 
+pub mod middle_east {
+    /// Israeli (Jewish) holidays and calander, implemented with an external API.
+    pub mod israel;
+}
\ No newline at end of file