Dear Noga,
Thank you for reaching out to us.
There are 42 available localizations for S/4HANA Cloud but unfortunately Israel is not included. It is also not part of the current roadmap (https://www.sap.com/products/roadmaps/finder-all.html#pdf-asset=d6cd955d-c37c-0010-82c7-eda71af511fa&page=41).
Creating your own localization with the localization toolkit will be possible once the Business Configuration is available. As a prerequisite the legal complexity of that country as well as the implementation scope need to be assessed.
We will highlight any information on the availability of the business configuration on our current community topic page as and when we have more concrete details.
Best regards
Sina
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