a native or inhabitant of Israel
"The Israeli community in Jerusalem welcomed the new residents from neighboring towns."
A person from Israel or of Israeli descent.
"The Israeli community celebrated their heritage during the festival."
In plain English: An Israeli is someone who lives in Israel, which is a country located between Egypt and Syria.
"The Israeli was very friendly when we met at the airport."
of or relating to or characteristic of Israel or its people
"The Israeli team celebrated their victory at the regional competition."
Of, from, or pertaining to Israel, the Israeli people.
"The Israeli team celebrated their victory at the World Cup."
In plain English: Israeli means something that comes from, belongs to, or is related to Israel.
"The Israeli team won the championship game last night."
The word comes from the Hebrew Yisra'eli, which literally means "from or belonging to Israel." It entered English usage primarily through linguistic discussions, notably being highlighted as a term for Modern Israeli Hebrew by scholar Ghil'ad Zuckermann.