{"id":589561,"date":"2023-07-05T00:00:00","date_gmt":"2023-07-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/05\/israel-eyes-linking-its-grid-to-europe-and-to-ours\/"},"modified":"2023-07-05T00:00:00","modified_gmt":"2023-07-05T00:00:00","slug":"israel-eyes-linking-its-grid-to-europe-and-to-ours","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/05\/israel-eyes-linking-its-grid-to-europe-and-to-ours\/","title":{"rendered":"Israel eyes linking its grid to Europe \u2014 and to ours"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ENERGY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">New Israel-Egypt-Europe electricity link-up in the works?<\/span><span style=\"\"> Israel plans to build a <\/span><span>150-km subsea electric cable along its Mediterranean coast that could link its electricity grid to Europe, the country\u2019s energy ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gov.il\/he\/departments\/news\/news-040723\" style=\"\">said<\/a><\/span><span> yesterday. <\/span><span>Officials are also considering connecting the country\u2019s grid to E<\/span><span>gypt<\/span><span> via a land link transiting North Sinai,<\/span><span style=\"font-weight:400;\"> as well as an interconnector with Jordan, according to the ministry.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Sound smart: <\/span><span>Electricity interconnectors are high-voltage direct current cables that carry surplus electricity from one territory to another, allowing countries to share and trade energy. You can read more about these link-ups in our explainer <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a45b2def-700c-4c85-95d1-4266c2835580\" style=\"\">here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">HEALTHCARE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The cost of the first phase of the universal health ins. system: <\/span><span style=\"\">The government is <\/span><span>spending more than EGP 53 bn o<\/span><span>n the rollout of the first phase of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/135862af-85bd-4e86-9de6-2f54751c6307\" style=\"\">universal health ins. system<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/business\/healthcare\/egypt-invests-109bln-in-healthcare-infrastructure-for-first-phase-of-universal-health-insurance-system-xmlr6gz5\" style=\"\">Daily News Egypt<\/a><\/span><span style=\"font-weight:400;\"> reports, citing the head of the General Authority for Healthcare Ahmed El Sobky. More than EGP 34 bn is being spent on the development of more than 350 healthcare facilities included in the initial phase, which covers Port Said, Luxor, Ismailia, South Sinai, Aswan, and Suez governorates. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The EGP 53 bn figure suggests the project is largely coming in on-budget:<\/span><span style=\"\"> The state said <\/span><span>in 2020 that the first phase <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac1700ca-8c15-4c2f-8dcc-563e5e035d13\" style=\"\">would cost about EGP 51.1 bn<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">STARTUPS-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Customers will be able to purchase ins. policies from <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/alwataniya.com.eg\/\" style=\"\">Al Wataniya<\/a><\/span><span style=\"font-weight:700\"> via online in<\/span><span style=\"font-weight:700\">s. <\/span><span style=\"font-weight:700\">directory <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/estafsar.com\/en\/home\" style=\"\">Estafsar<\/a><\/span><span> under a partnership between the two companies, according to an Estafsar <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/7\/79.pdf\" style=\"\">statement<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/7\/79.pdf\" style=\"\">(pdf)<\/a><\/span><span>. Joining the insurtech startup\u2019s network will enable Al Wataniya to expand its reach across a <\/span><span>range of digital platforms<\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About Estafsar: <\/span><span>Established in 2020, Estafsar helps ins. Companies digitize their operations. Its platform connects ins. firms with brokers and customers and offers auxiliary tools such as automatic policy pricing, lead management, and after-sales service.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">INDUSTRY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Egypt is working with China to get its nascent space industry off the ground: <\/span><span style=\"\">The <\/span><span>Egyptian Space Agency last week received two Chinese-funded prototypes for the MisrSat-2 satellite, which it will assemble and test at a facility also financed by Beijing, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.scmp.com\/news\/china\/diplomacy\/article\/3226283\/egypt-gets-china-funded-satellites-step-towards-space-industry-ambitions\" style=\"\">South China Morning Post<\/a><\/span><span> reports. Egyptian and Chinese scientists have over the past three months been conducting tests of the satellite, which is expected to launch from China in October. Egypt is the first African country to be able to assemble and test satellites and is the first country China has worked with on a satellite project outside its borders, Chinese ambassador to Egypt Liao Liqiang said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A 150-km subsea Mediterranean cable could link Israel\u2019s grid to Europe<\/p>\n","protected":false},"author":1,"featured_media":589562,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[1613,111,975,7378,244,93,72,10756,503,7115,7196,181,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-589561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-al-wataniya","tag-also-on-our-radar","tag-egypt-china-relations","tag-egypt-israel-relations","tag-electricity","tag-energy","tag-enterpriseam","tag-estafsar","tag-financial-services","tag-healthcare","tag-industry","tag-insurance","tag-startups","wpautop","entry"],"acf":{"mongo_id":"d5e1e06f-2e87-4158-b655-2ece55c51d69","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/113.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Israel considers linking its electricity grid to Europe, Egypt, Jordan. 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