Israel has potential but the state will do everything it can to keep non-jews from coming or working there. Yes, if you are highly skilled you can get up to 5 years of working visas but after that you will get kicked out, with no exceptions. I know this because it happened to me.

You will never have the option to get any sort of permanent residency in Israel (unless you are jewish). The game is rigged so that to get permanent residency you have to have lived for at least 10 years on any non-tourist visa. So in theory you could study there for 5 years, then work there and max out your 5 years working visa options... but they will make certain to kick you out just before. I have had friends that could not complete their phd's because if they were to be given another years student visa they could then apply for permanent residency.

Also, btw, unlike many other countries your work visa in Israel will be tied to one company. To work at any other company you will have to apply for another visa. This does not sound like much but it makes it difficult to move between companies.