Brit-Am Regular Updates and Outposts on Contemporary Issues
Jerusalem News no. 1255..
https://hebrewnations.com/features/jn5/jn1255.html
19 June 2023; 30 Tammuz, 5783.
Contents:
1. US Approves Iraq Transferring $2.7 Billion to Iran.
2. China Signs 'Strategic Partnership' with Palestinian Authority.
3. Smotrich: Intel to Invest $25 billion in New Israeli Plant
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1. US Approves Iraq Transferring $2.7 Billion to Iran
By
Jewish Press News Desk
https://www.jewishpress.com/news/middle-east/iran-news/us-approves-iraq-transferring-2-7-billion-to-iran/2023/06/10/
In the background of the US nuclear talks with Iran in Oman, the US has given Iraq permission to transfer $2.7 billion to Iran, despite the sanction restrictions. The money is meant to cover Iraq's debt to Iran for supplying them with gas and electricity, according to a Walla report.
The report adds that a senior Israeli official says the approval is part of the framework of the ongoing negotiations between the US and Iran.
At the same time, a Mako reports says that the White House warns that the security cooperation between Russia and Iran is a threat to Ukraine and its neighbors.
Putin recently announced he plans to deploy tactical nukes in Belarus in July.
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2. China Signs 'Strategic Partnership' with Palestinian Authority.
By Hana Levi Julian - 27 Sivan 5783 - June 15, 2023 0
https://www.jewishpress.com/news/eye-on-palestine/china-signs-strategic-partnership-with-palestinian-authority/2023/06/15/
Palestinian Authority leader Mahmoud Abbas has won a 'strategic partnership' with China resulting from his four-day trip this week to Beijing, the first since his visit in 2017 and his fifth to the huge Asian nation.
'The fundamental solution to the Palestinian issue lies in the establishment of an independent Palestinian state based on the 1967 borders with East Jerusalem as its capital . . . We have always firmly supported the just cause of the Palestinian people to restore their legitimate national rights,' Chinese President Xi Jinping told Abbas on Wednesday at a welcoming ceremony in Beijing.
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3. Smotrich: Intel to Invest $25 billion in New Israeli Plant
By
David Israel
-https://www.jewishpress.com/news/business-economy/smotrich-intel-to-invest-25-billion-in-new-israeli-plant/2023/06/18/
Extracts:
Finance Minister Bezalel Smotrich, and Budgets Commissioner Yogev Gerdos on Sunday informed Prime Minister Benjamin Netanyahu and Economy Minister Nir Barkat that the lengthy negotiations between the global Intel company and the budget division of the finance ministry had concluded successfully, and agreements in principle were reached regarding Intel's plan to invest approximately $25 billion in a new plant in Kiryat Gat.
In 1999, Intel opened in Kiryat Gat, 35 miles south of Tel Aviv, a chip fabrication plant, known as Fab 18, to produce Pentium 4 chips and flash memories. Intel received a grant of $525 million from the Israeli government to build the plant. In February 2006, the cornerstone was laid for Intel's second Kiryat Gat plant, Fab 28. In 2021, Intel announced a $10 billion investment in new manufacturing in Kiryat Gat.
The latest investment plan is expected to yield employment for thousands of additional workers in Kiryat Gat at wages higher than the average in the chip industry.
The agreement is exceptional, especially in the current hi-tech economic environment in which many countries are competing to attract chip makers. Israel will subsidize 12.8% of the investment, conditioned on Intel's living up to its commitments in terms of timeliness and scope of employment. Intel currently employs 12,000 in Israel, out of its estimated 130,000 global workforce.
Prime Minister Benjamin Netanyahu said in response: 'I welcome this tremendous achievement for the Israeli economy, NIS 90 billion, the largest investment by an international company ever in Israel. This is a great expression of confidence in the Israeli economy, in stark contrast to all the false reports against us.'