38-year-old Abed Kazaz was gunned down by masked assailants in broad daylight.
Israeli news highlights from the past two weeks.
Warming ties with neighboring Arab countries are also creating new trade opportunities for Israel and Haifa is well placed to become a regional hub.
A massive blast last year in Lebanon's Beirut port killed hundreds and injured thousands in a country on the brink of economic collapse.
"The opening of the Gulf port will revolutionize the entire economy. It is the newest port in the world, with the latest in port technology," said Yitzhak Blumenthal, CEO of the Israel Ports Company.
Residents of Port TLV will enjoy the benefits of a five-star property, with deluxe concierge services, 24/7 security, a gym, complete with advanced equipment and personal trainer, and art exhibits.
The arrival of the Royal Caribbean ship makes it the first arrival of a cruise ship in Israel since the start of the COVID-19 pandemic.
About 50 ships are waiting to be unloaded in the two port cities, with ships waiting about 10 days in Ashdod and about four days in Haifa.
Over the past four years, Hozman Bechor has led the port in the face of increasing competition caused by the entry of new ports.
Exports from Israel to the UAE are also being considered.