Elections are different in Israel.
For starters, as you know, the President is a figurehead, elected by the Knesset, the Israeli parliament, and so the election to keep your eyes on is that of the Prime Minister. Secondly, the Prime Minister is not elected for a fixed term. The current Israeli system is a hybrid. Up until 1996 the head of the party with the greatest number of seats in the Knesset had the opportunity to put together a governing majority and become Prime Minister. In 1996 in an attempt to lessen the power of the smaller parties, Israel moved to the direct election of the Prime Minister.