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Search resuls for: "Ari Rabinovitch"


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JERUSALEM (Reuters) - Democratic Republic of Congo will move its Israel embassy to Jerusalem from Tel Aviv, Israeli Prime Minister Benjamin Netanyahu said on Friday. Netanyahu, who met Congolese President Felix Tshisekedi during the U.N. General Assembly, announced in a statement that Israel would also be opening an embassy in Kinshasa, the capital of Democratic Republic of Congo. Only a handful of countries have their embassies in Jerusalem, with most others maintaining their diplomatic representation in the coastal city of Tel Aviv, Israel's main economic hub. While Israel considers Jerusalem its eternal and indivisible capital and wants all embassies based there, most of the world does not recognize Israeli sovereignty over the entire city, believing its status should be resolved in negotiations. (Reporting by Ari Rabinovitch in Jerusalem; Editing by Leslie Adler and Matthew Lewis)
Persons: Benjamin Netanyahu, Netanyahu, Felix Tshisekedi, Israel, Ari Rabinovitch, Leslie Adler, Matthew Lewis Organizations: Democratic, General Assembly Locations: JERUSALEM, Democratic Republic of Congo, Israel, Jerusalem, Tel Aviv, Israeli, Kinshasa
[1/2] Israeli Prime Minister Benjamin Netanyahu speaks as he attends an economic forum at Ministry of Enterprises and Made in Italy, in Rome, Italy, March 10, 2023. REUTERS/Remo Casilli/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowSept 18 (Reuters) - Israeli Prime Minister Benjamin Netanyahu urged Elon Musk to strike a balance between protecting free expression and fighting hate speech at a meeting on Monday after weeks of controversy over antisemitic content on Musk's social media platform X. "I know you're committed to that ... but I encourage and urge you to find a balance," Netanyahu said. Musk responded by saying he was against antisemitism and against anything that "promotes hate and conflict," repeating his previous statements that X would not promote hate speech. The billionaire, who also runs Tesla and SpaceX, noted that he received more pushback from Tesla employees about the meeting with Netanyahu than "anything else I've ever done."
Persons: Benjamin Netanyahu, Remo Casilli, Elon Musk, Musk, Netanyahu, Sheila Dang, Ari Rabinovitch, Yuvraj Malik, Howard Goller Organizations: Ministry of Enterprises, REUTERS, Defamation, ADL, SpaceX, Thomson Locations: Italy, Rome, Fremont , California, Tesla's California, Israel, Dallas, Jerusalem, Bengaluru
Israel expects 30% of cars on its roads to be electric by 2030
  + stars: | 2023-09-12 | by ( ) www.reuters.com   time to read: +1 min
A prototype of a rolling chassis for electric vehicles developed by Israel's REE Automotive, is seen during a test drive in Beersheba, southern Israel September 17, 2020. About 1.3 million cars, or 30% of the country's total, will be electric by 2030. By 2050, the ministry expects all 6 million cars on the road to be electric. The increase is expected despite a hike in taxes on electric cars. In addition, about 35% of buses will be electric by 2030, it said.
Persons: Israel's REE, Amir Cohen, Ari Rabinovitch, Sharon Singleton Organizations: REUTERS, Rights, Energy Ministry, Thomson Locations: Beersheba, Israel
Israeli Prime Minister Benjamin Netanyahu attends a news conference with Cyprus President Nikos Christodoulides (not pictured) at the Presidential Palace in Nicosia, Cyprus, September 3, 2023. Iakovos Hatzistavrou/Pool via REUTERS/File Photo Acquire Licensing RightsJERUSALEM, Sept 10 (Reuters) - Israeli Prime Minister Benjamin Netanyahu will visit California's Silicon Valley next week before traveling to New York for the U.N. General Assembly, his office said on Sunday. Netanyahu's office did not give specific details of who he would be meeting. Israeli news website YNet reported the visit to Silicon Valley would focus on strengthening ties in the field of artificial intelligence. Reporting by Ari Rabinovitch; editing by James MackenzieOur Standards: The Thomson Reuters Trust Principles.
Persons: Benjamin Netanyahu, Nikos Christodoulides, Iakovos, Ari Rabinovitch, James Mackenzie Organizations: Cyprus, Rights, General Assembly, Thomson Locations: Nicosia, Cyprus, New York, Silicon
The Israeli team emphasised that they were a long way from being able to create an embryo from scratch. "The question is, when does an embryo model become considered an embryo? At the moment we are really, really far off from that point," said team leader Jacob Hanna. "None of these models fully recapitulate natural human development but each adds to ways in which many aspects of human development can now be studied experimentally," she said. The study raises some ethical questions over the possibility of potential future manipulation in human embryo development, Hanna and others noted.
Persons: Mehmet Yunus Comar, Jacob Hanna, Hanna, Magdalena Żernicka, Goetz, Rami Amichay, Ari Rabinovitch, Mark Heinrich Our Organizations: Weizmann Institute of Science, Israel's Weizmann Institute of Science, International Society for Stem Cell Research, University of Cambridge, Thomson Locations: Rehovot, Israel, Boston
REHOVOT, Israel (Reuters) - Scientists in Israel have created a model of a human embryo from stem cells in the laboratory, without using sperm, eggs or a womb, offering a unique glimpse into the early stages of embryonic development. "The question is, when does an embryo model become considered an embryo? At the moment we are really, really far off from that point," said team leader Jacob Hanna. "None of these models fully recapitulate natural human development but each adds to ways in which many aspects of human development can now be studied experimentally," she said. The study raises some ethical questions over the possibility of potential future manipulation in human embryo development, Hanna and others noted.
Persons: Jacob Hanna, Hanna, Magdalena Żernicka, Goetz, Rami Amichay, Ari Rabinovitch, Mark Heinrich Organizations: Israel's Weizmann Institute of Science, International Society for Stem Cell Research, University of Cambridge Locations: REHOVOT, Israel, Boston
Under the changes passed so far, the government and ministers are now exempt from judicial oversight based on the so-called "reasonableness clause". The prime minister's office and ministries involved in the inquiry said they were not responsible. The 15-judge Supreme Court will hear an appeal on Sept. 12 against this amendment. It was launched before the judicial overhaul and sought a ruling based on the application of the reasonableness clause. The prime minister's office and environmental protection minister's office declined to comment for this article.
Persons: Ari Rabinovitch JERUSALEM, Amit Bracha, Adam Teva V'Din, Benjamin Netanyahu, Barry Levenfeld, Arnon Tadmor Levy, ATD, Netanyahu, Aryeh Deri, Silman, Netanyahu's, Lahav, Ari Rabinovitch, Edmund Blair Organizations: Tel, Israel Union, Environmental Defense, Supreme, Likud Locations: Tel Aviv, Herzliya
Mining magnate Steinmetz held in Cyprus on Romanian warrant
  + stars: | 2023-09-03 | by ( ) www.reuters.com   time to read: +1 min
Israeli billionaire Beny Steinmetz leaves the courthouse after a verdict on corruption charges, in Geneva, Switzerland January 22, 2021. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsJERUSALEM, Sept 3 (Reuters) - Israeli mining magnate Beny Steinmetz has been detained in Cyprus on a Romanian-issued arrest warrant, a spokesperson for Steinmetz said on Sunday. Steinmetz is at the centre of a case dating back several years relating to his involvement in a group that allegedly tried to illegally secure land rights in Romania. He has already faced arrest in some other European countries on the Romania-issued warrant but was cleared. Steinmetz was detained on Thursday "during his arrival at Larnaca airport, due to a European Arrest Warrant (EAW) issued by the Romanian authorities, which has already been cancelled in various European countries, among them Greece and Italy," his spokesperson said.
Persons: Beny Steinmetz, Denis Balibouse, Steinmetz, Steven Scheer, Ari Rabinovitch, Michele Kambas, Susan Fenton Organizations: REUTERS, Rights, Cyprus police, State, Thomson Locations: Geneva, Switzerland, Cyprus, Romanian, Romania, Larnaca, Greece, Italy, Guinea
Suspected Palestinian gunmen kill Israeli woman in West Bank
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: +3 min
[1/5] Israeli troops stand guard, at the scene of a shooting, near Hebron, in the Israeli-occupied West Bank August 21, 2023. REUTERS/Mussa Qawasma Acquire Licensing RightsNEAR HEBRON, West Bank, Aug 21 (Reuters) - An Israeli woman was killed in a suspected Palestinian shooting attack near the occupied West Bank city of Hebron on Monday, the Israeli military said. Violence in the West Bank has surged over the past 15 months with stepped up military raids, Israeli settler rampages, and Palestinian street attacks. U.S.-brokered peace talks aimed at establishing a Palestinian state in the West Bank, Gaza and East Jerusalem, collapsed in 2014 and show no sign of revival. Its growing settlements in the West Bank, where Palestinian have limited self-rule, are considered by most countries as illegal, a view that Israel disputes.
Persons: Mussa, Hazem Qassem, rampages, Yoav Gallant, Benjamin Netanyahu, Gallant, Jerusalem's, Israel, Yosri al, Jamal, Maayan Lubell, Nidal, Ali Sawfta, Ari Rabinovitch, Henriette Chacar, Angus MacSwan, Bill Berkrot, Mark Potter Organizations: West Bank, REUTERS, West, Hamas, Thomson Locations: Hebron, HEBRON, West, Israeli, West Bank, Gaza, Israel, Iran, Tehran, Nablus, Jerusalem's Al, Aqsa, U.S, East Jerusalem
Israel: U.S. approved missile defense sale to Finland
  + stars: | 2023-08-02 | by ( ) www.reuters.com   time to read: 1 min
JERUSALEM, Aug 2 (Reuters) - Israel's Defense Ministry said on Wednesday that the United States has approved the sale of a co-developed missile defense system to Finland. The ministry said that having received the green light from Washington, Israel can complete the sale of the advanced air-defense system David's Sling to Finland in a 316 million euros ($345.80 million) deal. The Finnish version of the system will be jointly developed by Israeli and American industries, led by Israel's Rafael Advanced Systems and Raytheon Technologies Cooperation, in partnership with Finnish industries, the ministry said. ($1 = 0.9138 euros)Reporting by Ari Rabinovitch Editing by Steven ScheerOur Standards: The Thomson Reuters Trust Principles.
Persons: Israel's Rafael, Ari Rabinovitch, Steven Scheer Organizations: Israel's Defense, Systems, Raytheon Technologies Cooperation, Thomson Locations: United States, Finland, Washington, Israel
JERUSALEM, July 31 (Reuters) - Israeli Prime Minister Benjamin Netanyahu's national security adviser on Monday said the road to normalising ties with Saudi Arabia was "still long" while members of his hard-right cabinet ruled out concessions to Palestinians as part of any deal. U.S. President Joe Biden last week dispatched his national security adviser to Riyadh to discuss a possible deal, and on Friday said a rapprochement was "maybe under way". PALESTINIAN CONCESSIONSThe idea of Israel and Saudi Arabia formally cementing ties has been under discussion since the Saudis gave their quiet assent to Gulf neighbours United Arab Emirates and Bahrain establishing ties with Israel in 2020. "We certainly won't agree to such a thing," National Missions Minister Orit Strock told Kan."We are done with withdrawals. Her remarks were echoed by the head of another government member, National Security Minister Itamar Ben-Gvir who heads the far-right Jewish Power party.
Persons: Benjamin Netanyahu's, Netanyahu, Joe Biden, Tzachi Hanegbi, Eli Cohen, Minister Orit Strock, Kan, Strock, Itamar Ben, Gvir, Cohen, Maayan Lubell, Ari Rabinovitch, Henriette Chacar, Conor Humphries, Grant McCool Organizations: Monday, U.S, United, Kan, U.S ., Israel, National, Minister, West Bank, Jewish, Army Radio, Authority, Netanyahu's, Thomson Locations: Saudi Arabia, U.S, Riyadh, Israel, Saudi, Gulf, United Arab Emirates, Bahrain, Judea, Samaria, East Jerusalem, Gaza
JERUSALEM, July 31 (Reuters) - Israel's Supreme Court on Monday said all 15 judges in a historic first would take part in a hearing on arguments against a law that Prime Minister Benjamin Netanyahu's religious-nationalist coalition passed as part of an overhaul of the judiciary. The Supreme Court agreed to discuss on Sept. 12 petitions to strike down the bill ratified last week that limits its powers to void some decisions made by government and ministers, setting the scene for a constitutional showdown. Netanyahu's coalition says the judicial changes are needed to curb what it describes as overreach by a Supreme Court that it says has become too politically interventionist. "These two elements form the basis of rule of law in Israel and of the balance between the authorities in any democracy." Israel's democratic foundations are relatively fragile and the Supreme Court is seen as crucial for protecting civil rights and the rule of law.
Persons: Benjamin Netanyahu's, Netanyahu, Yoav Gallant, Henriette Chacar, Ari Rabinovitch, Barbara Lewis, Bill Berkrot, Leslie Adler Organizations: Supreme, Israeli, parliament's Foreign Affairs, Defence Committee, Israel Bar Association, Thomson Locations: Israel
[1/7] People carry flags while taking part in a demonstration against Israeli Prime Minister Benjamin Netanyahu and his nationalist coalition government's judicial overhaul, in Tel Aviv, Israel July 29, 2023. From a remote intersection among the lush hills of the northern Galilee to the avenues criss-crossing the financial hub of Tel Aviv, protesters beating drums and blaring horns took to the streets on a hot evening at the end of Sabbath. The judicial overhaul pursued by Netanyahu and his right-wing government, the first part of which passed on Monday, has sparked an unprecedented crisis and opened up a deep social divide. Critics say he is threatening Israel's democratic principles and independence of the courts, possibly with an eye to a corruption case he himself is facing. Reporting by Rami Amichay and Ari Rabinovitch Editing by Frances Kerry and Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.
Persons: Benjamin Netanyahu, Ammar Awad TEL, Netanyahu, Yariv Shavit, adjourns, Netanyahu's, Rami Amichay, Ari Rabinovitch, Frances Kerry, Giles Elgood Organizations: Israeli, REUTERS, Facebook, Thomson Locations: Tel Aviv, Israel, Ammar Awad TEL AVIV, Galilee
The bill curbing Supreme Court review of some government decisions passed in a stormy Knesset parliament on Monday after a walkout by lawmakers. Protest leaders said growing numbers of military reservists would no longer report for duty if the government continued with its plans. First elected to top office in 1996 and now in his sixth term, Netanyahu, 73, is facing his biggest domestic crisis. A Lebanese source familiar with the development said the men were members of a Hezbollah elite unit on a patrol that had nothing to do with Israel's domestic crisis. Hezbollah leader Hassan Nasrallah on Monday said Israel's domestic crisis showed it was on a "path of collapse and fragmentation".
Persons: Netanyahu, Benjamin Netanyahu, Yair Lapid, Zion Hagay, Kan, Corinna Kern, striding, Hassan Nasrallah, Bezalel Smotrich, Dan Williams, Ari Rabinovitch, Henriette Chacar, Andrew MacAskill, Laila Bassam, Tom Perry, Andrew Cawthorne, Nick Macfie Organizations: Israeli Democracy, Israel Bar Association, Israel Medical Association, Health Ministry, REUTERS, BANK, Orthodox Jewish, West Bank, Hamas, Hezbollah, Finance, Army Radio, Thomson Locations: JERUSALEM, Israel, Histadrut, United States, Britain, Jerusalem, Tel Aviv, Washington, Nablus, Palestinian, Lebanese, Iran, London, Beirut
"Markets are now likely to extrapolate the future policy path and we move Israel sovereign credit to a 'dislike stance'." They added that recent developments pointed to "continued uncertainty" in Israel and for the shekel currency to weaken and borrowing costs to rise as investors attach a higher risk premium. "In our adverse scenario we think that growth could weaken significantly to 1.6% (year-on-year) in 2024 with inflation remaining significantly above the Bank of Israel's tolerance band." "For now, we keep our call for one more 25 basis point hike to 5% at the BoI's September meeting, but risks to the rates outlook are now shifting to the upside again." Reporting by Marc Jones and Steve Sheer in Jerusalem, additional reporting by Ari Rabinovitch; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.
Persons: Morgan Stanley, Benjamin Netanyahu, Morgan, Marc Jones, Steve Sheer, Ari Rabinovitch, Amanda Cooper Organizations: Bank of, Thomson Locations: Israel, Jerusalem
Israel's main union to discuss declaring general strike
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
JERUSALEM, July 24 (Reuters) - The head of Israel's main public sector union said on Monday he would meet with other union officials to discuss the possibility of declaring a general strike after parliament ratified a key element in a controversial judicial overhaul plan. Arnon Bar-David, chairman of the Histadrut labour federation, has been trying to mediate a compromise between the government and opposition. "From this moment on, any unilateral progress in the reform will have serious consequences ... Either things will progress with broad agreement or they will not progress at all," said Bar-David. Bar-David said he would meet with Histadrut officials to declare a "general labor dispute in the economy," and will "activate it if necessary until a complete shutdown is achieved."
Persons: Arnon Bar, David, David . Bar, Steven Scheer, Ari Rabinovitch Organizations: Thomson
'WE'RE SCARED, WE'RE ANGRY'Israeli Prime Minister Benjamin Netanyahu chairs a cabinet meeting at the prime minister's office in Jerusalem, Monday, July 17, 2023. Tens of thousands of Israelis opposing the judicial changes marched to Jerusalem over the weekend, carrying flags and beating drums under a scorching summer sun. Washington has urged Netanyahu, who is on trial for corruption charges he denies, to seek broad agreements over any judicial reforms. First elected to Israel's top office in 1996, Netanyahu has been both dynamic and polarising. In early October, a few weeks before winning a national election, Netanyahu fell ill during the Jewish fast of Yom Kippur and was briefly hospitalised.
Persons: Benjamin Netanyahu, Israel, Netanyahu, Cyrus, Ohad, We're, we're, Tzivia Guggenheim, Maayan Lubell, Ari Rabinovitch, Amir Cohen, Dedi Hayoun, Rami Amichay, Ilan Rosenberg, Paul Simao, Richard Chang, Jan Harvey Organizations: Israel's, Sheba Medical, Sunday, U.S, Thomson Locations: Jerusalem, Tel Aviv, Turkey, Israeli, Old City, Washington, Israel, Yom Kippur
THIS IMAGE MAY OFFEND OR DISTURB Mourners carry the body of a Palestinian who was killed during clashes with the Israeli army in Nablus, in the Israeli-occupied West Bank, July 20,2023. REUTERS/Mohamad TorokmanRAMALLAH, West Bank, July 21 (Reuters) - Israeli troops shot and killed a Palestinian teenager during clashes with stone throwers in the occupied West Bank on Friday, Palestinian officials said. Israel's border police said that during the clash in the village of Umm Safa near the city of Ramallah, "masked suspects threw stones and rocks endangering the lives of troops." Protests are held Umm Safa every week against Israeli settlements, often escalating into clashes with Israeli forces. Violence in the West Bank, among territories where the Palestinians seek to establish a state, has worsened over the past 15 months with stepped up Israeli raids, Palestinian street attacks and assaults by Jewish settlers on Palestinian villages.
Persons: Mohamad Torokman, Umm, Ali Sawafta, Nidal, Ari Rabinovitch, William Maclean Organizations: West Bank, REUTERS, Palestinian Health Ministry, Thomson Locations: Nablus, Mohamad Torokman RAMALLAH, West, Israel's, Umm Safa, Ramallah
REUTERS/Ronen ZvulunJERUSALEM, July 21 (Reuters) - Israel's military said on Friday it was examining the impact of a letter sent by air force reservists who threatened to stop volunteering for service if the government goes ahead with a planned judicial overhaul. Spokesperson Daniel Hagari said the military was checking details of the letter that he said was initialled by more than 1,100 reservists and "accordingly, will examine the implications". The letter, published in Israeli media without listing the signatories, was the latest sign of opposition within the military to judicial changes being pushed by Prime Minister Benjamin Netanyahu's religious-nationalist coalition. Air force veterans say reservists who volunteer after completing their mandatory military service make up around half of crews sent on combat sorties. On Monday, Netanyahu pledged to crack down on no-shows for military reserve duty, which he said risked inviting attack by Israel's foes and undermining its democracy.
Persons: Benjamin Netanyahu, Daniel Hagari, Benjamin Netanyahu's, Bezalel Smotrich, Yoav Gallant, Hagari, Netanyahu, Henriette Chacar, Ari Rabinovitch, Alison Williams, David Holmes Organizations: Protesters, Israeli, REUTERS, Critics, ., Reuters, Thomson Locations: Shoresh, Israel, Jerusalem, Ronen, JERUSALEM
[1/2] People demonstrate on the 'Day of National Resistance' in protest against Israeli Prime Minister Benjamin Netanyahu and his nationalist coalition government's judicial overhaul, in Tel Aviv, Israel July 18, 2023. REUTERS/Nir EliasJERUSALEM, July 19 (Reuters) - The Israeli government could rethink its polarising drive to overhaul the judiciary if there is a major escalation in protests, a cabinet minister said on Wednesday, in a signal of pliability as Washington tries to close ranks with its ally. Netanyahu confidant Culture Minister Miki Zohar offered rare acknowledgement of the impact of six-month-old demonstrations, which surged in March after the premier fired Israel's defence minister for openly voicing worry at the impact on the military. He declared those fruitless last month, and revived the bill limiting Supreme Court powers to void some government decisions. Proponents of the change pursued by Netanyahu's religious-nationalist coalition say the Supreme Court has become too interventionist and that the change will facilitate effective governance.
Persons: Benjamin Netanyahu, Nir Elias JERUSALEM, Joe Biden, Tzachi Hanegbi, Netanyahu, Miki Zohar, Yoav Gallant's, Zohar, Kan, Israel Hayom, Ari Rabinovitch, Alexandra Hudson Organizations: of, Israeli, REUTERS, Washington, U.S, National Security, Netanyahu's, Ben Gurion, Israel, Defence Ministry, Alexandra Hudson Our, Thomson Locations: Tel Aviv, Israel
REUTERS/Amir Cohen/File PhotoREHOVOT, Israel, July 17 - Every year, egg farmers kill 7 billion day-old male chicks because they cannot grow up to lay eggs and are the wrong breed for meat. A laboratory in Israel has a solution: what if the male eggs don't hatch? Day-old male chicks are normally "either macerated or suffocated or electrified. In some countries they do not even bother to cull their males properly,” explained Cinnamon, principal investigator at Israel’s Volcani Institute, which works to attain food security and food safety. The unhatched male eggs can be used for other purposes such as animal feed.
Persons: Amir Cohen, Yuval Cinnamon’s, , Cinnamon, Wainberg, Hannah Confino, Ari Rabinovitch Organizations: Volcani Institute, REUTERS, Volcani, Huminn, Thomson Locations: Rehovot, Israel
JERUSALEM, July 9 (Reuters) - Prime Minister Benjamin Netanyahu's security cabinet on Sunday decided that Israel would work to prevent the collapse of the Western-backed Palestinian Authority (PA), but did not offer any concrete steps to do so. Israel has been stepping up military operations against armed groups in the occupied West Bank, where the PA has limited autonomy. The volatility has laid bare the weakness of the PA in the face of hundreds of Palestinian militants and the expansion of Israeli settlements in the West Bank. Netanyahu's office said his security cabinet had decided to act to prevent the collapse of the PA, though it was not a unanimous decision. The statement said Netanyahu and his defense minister would bring forward "steps to stabilize the civil situation in the Palestinian arena," but did not give any specifics.
Persons: Benjamin Netanyahu's, Netanyahu, Mahmoud Abbas, Abbas, Joe Biden, it's, Ari Rabinovitch, Hugh Lawson, David Holmes Organizations: Sunday, Palestinian Authority, West Bank, CNN, Thomson Locations: Israel
[1/3] People check damage in a house where two Palestinians were killed during an Israeli raid in Nablus in the Israeli-occupied West Bank July 7,2023. REUTERS/Raneen SawaftaNABLUS, West Bank, July 7 (Reuters) - Israeli security forces on Friday killed two Palestinians who carried out a shooting attack against police this week, Israel's military said. Israeli forces raided the occupied West Bank town of Nablus, the military said, and "both terrorists were killed following an exchange of fire." The Israeli military said it had targeted infrastructure and weapons depots of Palestinian militant factions in Jenin in the operation. Israel says all the Palestinians killed were combatants.
Persons: WAFA, Raneen Sawafta, Ali Sawafta, Nidal, Ari Rabinovitch, Toby Chopra, Ros Russell Organizations: REUTERS, West Bank, West, Popular Front, Liberation, Palestine Liberation Organization, Palestinian, United Nations Relief, Works Agency, UNRWA, Thomson Locations: Nablus, Raneen, NABLUS, West, West Bank, Palestine, Ramallah, Israeli, Israel, Jenin, Gaza
JERUSALEM, July 2 (Reuters) - Partners in the Israeli offshore gas project Leviathan said on Sunday they would invest $568 million to build a third pipeline that will allow increased natural gas production and exports. Leviathan, a deep-sea field with huge deposits, came online at the end of 2019 and produces 12 billion cubic metres (bcm) of gas per year for sale to Israel, Egypt and Jordan. In the longer-term, Leviathan production is expected to reach about 21 bcm a year. The group has announced plans for a floating liquefied natural gas (LNG) terminal off the Israeli coast with an annual LNG capacity of about 4.6 million tons, or 6.5 bcm. "We are currently exploring the option of upgrading transmission infrastructures in Jordan to transport additional gas quantities to markets in Jordan and Egypt," Landau said.
Persons: Yossi Abu, Yigal Landau, Landau, Ari Rabinovitch, Elaine Hardcastle Organizations: Partners, Chevron, Energy, Thomson Locations: Israel, Egypt, Jordan, Europe, Tel Aviv
A global tech downturn began in the second half of 2022 when inflation and interest rates began to rise and supply chains faltered. But as the negative trends appear to be reversing elsewhere, the problems in Israel have continued in 2023, the Innovation Authority said in its latest report. The Innovation Authority said that "senior figures" in Israel's tech industry had warned of a backlash and of "foreign investors' concerns about continued investment in Israel." So far in 2023, the Nasdaq has risen 29%, while Israel's main technology index (.TATECH) is up 7.8%. "Insofar as this trend persists, it may have an adverse effect on the economy in the long term," Yaron said.
Persons: Benjamin Netanyahu's, Amir Yaron, Yaron, Ari Rabinovitch, Steven Scheer, Mark Potter Organizations: Israel Innovation Authority, Innovation Authority, Nasdaq, Bank of Israel, Thomson Locations: Israel, Tel Aviv
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