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ISRAELI ELECTION RESULTS NOW CLEAR: CENTER-RIGHT COALITION EMERGES VICTORIOUS, SUGGESTING NETANYAHU WILL BE NEXT PRIME MINISTER

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Israel's center-right parties made big gains Tuesday.

The road ahead could be full of surprises, but for the moment Netanyahu seems to have the edge.

UPDATED at 7:30am eastern, Wednesday — One thing is now clear after Tuesday’s national elections in Israel: the center-right coalition made dramatic gains and can have an operating majority with 64 seats in the 120 seat Knesset (parliament), if they choose to work together in unity. The center-left parties, by contrast, were trounced and now have only 56 seats, eight of which are held by Arab parties who so deeply resent the left-wing’s participation in the recent Gaza war against Hamas that they cannot be counted upon to help the left form a stable governing coalition.

The big surprise Tuesday night was that the leading center-right party — Likud, headed by former Prime Minister Benjamin Netanyahu — did not win a plurality. The left-wing Kadima party, headed by Foreign Minister Tzipi Livni, did. So things get really interesting from here.

At this hour, with 99.8% of the vote counted, Kadima appears to have squeaked out a narrow lead over Likud, 28 seats to 27 seats. If these results hold, they will mean Kadima will  have one less seat in the next Knesset than the 29 they currently have. They also mean Likud will have 15 seats more than the 12 they currently have. But two weeks ago, Likud was widely expected to win a total of between 31 to 34 seats, and a decisive victory over Kadima.

So who will emerge as the next Prime Minister of Israel? This remains to be determined, but based on everything I’m seeing at the moment it would appear that Netanyahu has the edge, given the size and strength of the overall center-right coalition.

Here’s what to watch for:

HEADLINES TO TRACK:

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