Back to the complete issue
Tuesday, 8 January 2019

Israel to seek USD 250 bn from Middle East for Jewish assets

Israel to seek USD 250 bn from Egypt, other Arab countries, for Jewish assets: Cooperation on Sinai, however, does not mean that Israel won’t try to reign in the worst impulses of hardliners in the Israeli government. Israel is trying to reclaim back USD 250 bn-worth of assets left behind by Jewswho fledor were forced out of Egypt and other Middle Eastern countries during the rise of the Israeli state, Bloomberg reported. The Israeli government has hired an international accounting firm to put a number on the lost assets amid expected US backing, the newswire cited a report by Israel’s Hahadashot TV as saying. Israel will reportedly seek USD 50 bn from Tunisia and Libya and USD 200 bn from Egypt, Morocco, Iraq, Syria, Iran and Yemen. No further details were provided.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.