- The Tel Aviv Stock Exchange opens for business. Today, about 544 companies are listed on the exchange.
- The Egged bus company becomes a cross-country public transportation network after merging with the northern Shahar bus company and the southern Drom Yehuda bus company. Today, Egged buses make more than 25,000 trips every day, providing about half of Israel’s public transport services via a fleet of 3,057 buses.
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