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The FORTNIGHTLY a Review of Middle East Regional Economic & Cultural News & Developments 30 September 2020 12 Tishrei 5781 13 Safar 1442

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The FORTNIGHTLY a Review of Middle East Regional Economic & Cultural News & Developments 30 September 2020 12 Tishrei 5781 13 Safar 1442 The FORTNIGHTLY A Review of Middle East Regional Economic & Cultural News & Developments 30 September 2020 12 Tishrei 5781 13 Safar 1442 Written & Edited by Seth J. Vogelman* TABLE OF CONTENTS 1. ISRAEL GOVERNMENT ACTIONS & STATEMENTS 1.1. East Mediterranean Gas Forum Charter Signed 1.2. Government of Israel Approves Economic Safety Net Plan 1.3. Tel Aviv Battles Against Striptease Clubs 2. ISRAEL MARKET & BUSINESS NEWS 2.1. Bank Leumi Signs Deals with First Abu Dhabi Bank & Emirates NBD 2.2. OPC Energy Enters the Field of Electricity & Renewable Energy in the US 2.3. Tel Aviv's Asserson Law Forms Strategic Alliance with Dubai's Araa Group 2.4. OpenLegacy Agrees with SEED Group to Accelerate Digital Transformation in the UAE 2.5. UAE & Israeli Film Industries Sign Deal on TV Production Collaboration 2.6. DeepCube Raises Series A Funding for Real-World Deployments of Deep Learning 2.7. Aurora Labs Attracts $23 Million Series B Funding Round 2.8. EasySend Raises $16 Million to Enable Financial Institutions a No-Code Digital Future 2.9. First Direct Commercial Flight from Israel Lands in Bahrain 2.10. Dubai Airport Free Zone Authority Signs Agreement with FICC 2.11. El Al Resumes Passenger Flights 3. REGIONAL PRIVATE SECTOR NEWS 3.1. JustClean Raises $8 Million in a Series B Funding Round 3.2. Emirates Establishes Kosher Arabia for Airline Food 3.3. Israeli & Emirati Diamond Exchanges Sign Collaboration Agreement 3.4. DEWA Organizes Virtual WETEX and Dubai Solar Show from 26-28 October 2020 3.5. B2B Platform Penny Software Raises $1.35 Million in Seed Funding Round 3.6. Foodics is Expanding into the Egyptian Market 3.7. Texas' National Energy Services Buys Egypt’s SAPESCO for $21 Million 3.8. Kashier Raises Seed Funding to Facilitate Electronic Payments for Egyptian Businesses 3.9. Andersen Global Expands Presence in North Africa 4. CLEAN TECH & ENVIRONMENTAL DEVELOPMENTS 4.1. ElectReon & Dan Bus Company Lead Electric Road Pilot with Tel Aviv Municipality 4.2. W-Cycle Replaces Plastic Packaging with Food Waste 4.3. Egypt's Al-Mahsama Plant Wins Award for Best World Water Recycling Project in 2020 4.4. Egypt Becomes First Arab Country to Issue Green Bonds with $750 Million Deal 5. ARAB STATE DEVELOPMENTS 5.1. Lebanon’s Inflation Rate Hits a Record High of 120% in August 2020 5.2. Lebanon’s Fiscal Deficit Falls by 8% to $2.2 Billion in June 2020 5.3. Jordan's Traditional Retail Withers under Online Shopping Boom ►►Arabian Gulf 5.4. Kuwait Passes Draft Law to Reduce Number of Expats 5.5. UAE Decree on Equal Pay for Women & Men in Private Sector Comes Into Effect 5.6. UAE Construction Sector Set to Contract in 2020 as Coronavirus Bites 5.7. Abu Dhabi Abolishes Permit System for Alcohol, Anticipating Visitors From Israel 5.8. Oman’s Expat Exodus Continues as Country Continues Nationalization Push ►►North Africa 5.9. Egypt's National Food Safety Authority Decision 5.10. Egyptian Expat Remittances Rose by 11% in July to $2.9 Billion 5.11. Morocco’s Consumer Price Index Rises by 1.4% in August 5.12. Morocco’s Exports Fall by 5.7% in First Eight Months of 2020 6. TURKISH, CYPRIOT & GREEK DEVELOPMENTS 6.1. Turkey Raises Inflation Forecast to 10.5% After Lira Slumps to Record Low 6.2. Turkish Automotive Part Exports Worth $5.5 Billion in First Eight Months of 2020 6.3. Cyprus Tourism Revenue Plunges by 90% 6.4. Greece Begins September With Grocery Gains 6.5. Lost Greek Tourism Revenues Amount to 10% of GDP 7. GENERAL NEWS AND INTEREST *ISRAEL: 7.1. Sukkot Holiday Celebrated 7.2. Shemini Atzeret/ Simchat Torah Celebrated 7.3. Honduras to Relocate Israel Embassy to Jerusalem *REGIONAL: 7.4. Kuwaiti Emir Sabah Al-Ahmad Al-Jaber Al-Sabah Dies at Age 91 7.5. Saudi Arabia to Begin English Classes from the First Grade in 2021 8. ISRAEL LIFE SCIENCE NEWS 8.1. MediWound Gets FDA Acceptance for NexoBrid for Severe Thermal Burns Treatment 8.2. Medasense NOL Technology Personalizes Pain Management During Surgery 8.3. Brainstorm Announces Grant of a New Japanese Patent for NurOwn 8.4. Phytolon Secures $4.1 Million in Funding for Natural Food Color Tech 8.5. Aidoc Announces Series B Extension to $47 Million for Proven Radiology AI 8.6. Novellus Closes $57 Million Series C Financing 2 The Fortnightly may also be found at our Web site of: http://www.atid-edi.com 8.7. Teva Launches Two Digital Inhalers in the U.S. 8.8. Medasense Raises $18 Million in Series C Round 8.9. BioProtect Closes Equity Financing at $25 Million to Protect Prostate Cancer Patients 8.10. AEYE Health and Optomed to Introduce a Handheld AI Fundus Camera 8.11. Phytech Raises $23.5 Million in Growth Funding 8.12. V-Wave Completes $98 Million Financing from Leading Global Healthcare Investors 8.13. Israel's SURE Partners with UAE's HBK to Launch Healthcare Solution 8.14. MedHub Receives CE Mark Approval for its AutoCathFFR Software 8.15. PregnanTech Creates Silicone Ring to Help Halt Premature Births 8.16. BGU Develops Wearable Device for Predicting Epileptic Seizures 9. ISRAEL PRODUCT & TECHNOLOGY NEWS 9.1. Lightricks Launches Beatleap - Musically-Driven Video Editing App 9.2. Sarine Adapts Automated 4Cs Grading to Tiffany Requirements 9.3. Nozomi Networks & Waterfall Deliver Joint Solution for OT Security 9.4. PenTera Selected by Zehnder to Automate Its Cyber Security Validation Efforts 9.5. RADWIN Introduces TerraBridge - mmWave Solution for the Transportation Market 9.6. Get SAT & SeaLandAire Delivering ADARO Unmanned Surface Service Vessel to US Navy 9.7. proteanTecs Granted Patent for HBM Signal Monitoring and Repair 9.8. Hysolate Launches the First Isolated Workspace-as-a-Service Solution 9.9. Faktion & Iguazio Bring Data Science to Production for European Mobility Customers 9.10. CYE Takes Complexity Out of the Cyberspace with a 'Back-to-Basics' Approach 10. ISRAEL ECONOMIC STATISTICS 10.1. Tighter Lockdown to Cost Israel's Economy NIS 12 Billion 10.2. Israel's State of the Economy Index for August Fell by 0.06% 11. IN DEPTH 11.1. MIDDLE EAST: Nuclear Power - the Politics of Stakeholder Coalitions 11.2. GCC: Debt Maturities Loom As Gulf States Sell More Bonds 11.3. KUWAIT: Kuwait’s Patient Statesman 11.4. QATAR: Moody's Affirms Qatar's Aa3 Rating, Maintains Stable Outlook 11.5. UAE: The Rise of the UAE and the Meaning of MbZ 11.6. SAUDI ARABIA: Saudi Arabia 'A-/A-2' Ratings Affirmed; Outlook Stable 11.7. EGYPT: A Convergence of Crises: Libya, Ethiopia and Northern Sinai 11.8. EGYPT: Egyptian Schools to Add Chinese Language 11.9. EGYPT: Reform is Underway to Keep Egyptians from Studying Abroad 11.10. EGYPT: Why is Egypt Losing so Much of its Drinking Water? 11.11. TURKEY: Moody's Downgrades Ratings on Istanbul and Izmir to B2; Negative Outlooks 11.12. TURKEY: How Turkey Became the Bane of Arab Regimes 1. ISRAEL GOVERNMENT ACTIONS & STATEMENTS Back to Table of Contents 1.1. East Mediterranean Gas Forum Charter Signed On 22 September, Egypt, Cyprus, Greece, Israel, Italy, Jordan and the Palestinian Authority are signed the East Mediterranean Gas Forum (EMGF) Charter via teleconference. The EMGF was originally established between Egypt, Greece, and Cyprus in October 2018, but was later declared an international body with 3 The Fortnightly may also be found at our Web site of: http://www.atid-edi.com more countries joining it from the East Mediterranean. The forum's aim is to have an international organization that respects the rights of members with respect to their natural resources from natural gas and oil in accordance with the principles of international law and supports their efforts to benefit from their reserves and use of infrastructure. The signing of the charter comes as the East Mediterranean region is witnessing tensions between Greece and Turkey over gas exploration in the area as well as the two maritime demarcation agreements between Greece and Egypt, and Turkey and Libya's Government of National Accord (GNA). Mediterranean countries neighboring Turkey were incensed by a maritime deal signed between Turkey and the Tripoli-based GNA in November 2019, under which Ankara claimed vast areas of the Mediterranean Sea. Tensions rose in recently over Turkish decisions to hold military drills and as gas exploration missions in the East Mediterranean area. Israel, Greece and Cyprus reached an agreement to set up a pipeline in the East Mediterranean to ship gas to Europe, a project that Turkey has opposed. The charter has been in the works since the forum’s first meeting last year, when the founding members agreed to move ahead with creating a regional market to develop the eastern Mediterranean’s estimated 122 trillion cubic feet of gas reserves. (Various 22.09) Back to Table of Contents 1.2. Government of Israel Approves Economic Safety Net Plan On 21 September, the government of Israel approved a plan advocated by Prime Minister Binyamin Netanyahu and Finance Minister Katz to expand the economic safety net during the coronavirus crisis. Expanding the plan will enable immediate economic assistance for businesses and wage-earners who are expected to be hurt by the current lockdown. The overall cost of the steps and the expansion of the response to businesses, wage-earners and the self-employed according to the existing plans is estimated to be NIS 10.5 billion ($3.04 billion). The cabinet also authorized the Finance Minister to circulate a draft memorandum on lowering the salaries of MKs, ministers, the Prime Minister and the inclusion of other officeholders whose salaries exceed that of MKs by 10%.
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