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Wednesday, 16 November 2016

Israeli gas, Tel Aviv’s rapprochement with Ankara, and Joseph isn’t coming back to the Pyramids…

If you, like us, are following the Israeli gas story in the hope Egypt will develop into a regional processing and export hub:The Wall Street Journal overplays Egypt’s posturing on a lawsuit as an obstacle an Israeli gas import agreement in “Israeli Waters Part for Gas Exploration.” The story focuses on Israel opening for exploration blocks that could have in aggregate 2.5x the natural gas reserves of Tamar and Leviathan combined. Oh, and we have competition for that gas. In the form of Turkey. To which Israel just appointed its first ambassador since relations between the two countries ruptured in 2010.

Finally: Don’t worry, Joseph isn’t coming back to reclaim the Pyramids as his granary. In other words: Former US presidential hopeful Ben Carson is not going to serve in the Trump administration, the Washington Post reports. Carson once famously declared that “Joseph built the pyramids to store grain.” (Watch, run time 1:27).

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