Netanyahu to push hard line on Iran during Europe trip

Israeli Prime Minister Benjamin Netanyahu takes part in a memorial ceremony for the sinking of the Altalena ship, in Tel Aviv, Israel, May 30, 2018. (Reuters)
Updated 02 June 2018
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Netanyahu to push hard line on Iran during Europe trip

  • Netanyahu will meet in turn with German Chancellor Angela Merkel, French President Emmanuel Macron and British Prime Minister Theresa May
  • The European leaders have been scrambling to preserve the landmark deal after slamming President Donald Trump’s May 8 decision to withdraw

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu will travel to Europe Monday to push his uncompromising stance on Iran to leaders eager to salvage the nuclear agreement after the United States withdrew.
Netanyahu, a fierce opponent of the agreement and the Iranian regime, will meet in turn with German Chancellor Angela Merkel, French President Emmanuel Macron and British Prime Minister Theresa May.
Germany, France and the United Kingdom are three of the signatories of the 2015 Joint Comprehensive Plan of Action (JCPOA) between world powers and Iran, aimed at keeping Tehran from acquiring nuclear weapons.
The European leaders have been scrambling to preserve the landmark deal after slamming President Donald Trump’s May 8 decision to withdraw.
The fallout from America rejecting the accord is likely to dominate the talks, with Netanyahu expected to firmly oppose European efforts to sustain it.
“I will discuss with them ways to block Iran’s nuclear aspirations and Iran’s expansion in the Middle East,” Netanyahu said on Monday of his European meetings, noting the issues were “crucial to Israel’s security.”
After years lobbying against the 2015 deal, the decision by close ally Trump to ditch the accord has been greeted as a major triumph by Netanyahu.
The Israeli leader has brushed aside European insistence that the agreement is the best option to prevent Tehran getting the bomb, claiming that it in fact brought Tehran closer to becoming a nuclear power.
He also argues that a cash influx into Iran following the lifting of international sanctions as part of the accord has fueled the expansion of Tehran’s military influence in the region, especially in neighboring Syria.
But while the US retreat from the deal is a personal victory for Netanyahu, it also represents a leap into the unknown for Israel and the broader Middle East.
While foes Iran and Israel have been kept at bay for decades, an unprecedented May 10 escalation in Syria that saw Israel bomb alleged Iranian targets after blaming Tehran for a rocket barrage, has sparked fears of open war.
“An Iranian departure from southern Syria alone will not suffice,” Netanyahu said on Tuesday.
“The long-range missiles that Iran is working to station in Syria will endanger us even beyond the range of several kilometers from southern Syria; therefore, Iran needs to leave Syria altogether.”
The Europeans have acknowledged concerns over Iran’s regional role and its ballistic activities, but sought to maintain the JCPOA while creating a separate arrangement on these issues.
Contrary to what the US and Israel say, Europe insists the 2015 agreement works and Iran has abided by it.
“There is no alternative,” the EU’s foreign policy chief Federica Mogherini said on Monday.
Merkel, May and Macron are still waiting for the Israelis and Americans to present another way to curb Iran’s nuclear program, but are under no illusions it will happen in next week’s meetings, according to a European diplomat.
Divided on other issues, the Europeans have emphasised their cohesion on the JCPOA, fearing that ripping it up could benefit hard-liners in Iran and push Tehran to resume large-scale uranium enrichment.
If that happens, the fear is it will once again make striking Iran a real option for Israel.
On Thursday, a former Mossad chief said that in 2011 Netanyahu had ordered him and the military chief of staff to prepare an attack on Iran within 15 days.
According to Tamir Pardo’s interview on the Uvda television program, such a directive could either mean “he really means it,” or be a means to deliver a message, for example to the US, and perhaps drive it to take action.
Other major issues look set to be left on the sidelines in the talks with European leaders.
The Israeli-Palestinian conflict is in the spotlight after the worst military flare-up in Gaza since a 2014 war raised fears this week of yet another full-blown conflict in the beleaguered Palestinian enclave.
The exchange of fire came after scores of Palestinians were shot dead by Israeli troops during protests and clashes along the Gaza border.
But along with other subjects, such as bilateral relations or the rise of anti-Semitism in Europe, it will likely remain overshadowed by Iran.
Expectations of any progress on the conflict with the Palestinians are low.
Peace prospects remain as distant as ever and the diplomatic process in limbo as the sides wait for a plan long promised by the Trump administration.


Egypt offers residency to foreign investors

Updated 45 min 6 sec ago
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Egypt offers residency to foreign investors

  • A three-year residency is on offer for those who invest $200,000, and five years for those who purchase property worth $400,000
  • To begin the process for obtaining Egyptian residency, a preliminary contract must be agreed between the property owner and the foreign investor

CAIRO: In an attempt to further boost its booming real estate sector and attract foreign investment, Egypt will grant residency permits to foreigners who invest at least $100,000 in the country’s property market.
The growth rate of Egypt’s property market stands at 133 percent in 2018. This has been fueled by strong demand for housing, along with the sporadic launch of residential construction projects.
The minimum investment required to obtain a residency permit is $100,000. A three-year residency is on offer for those who invest $200,000, and five years for those who purchase property worth $400,000. The offer also applies to properties that are still under construction.
Khaled Abbas, the deputy minister of housing, said the procedures for the scheme are being set up in consultation with the Passport, Immigration and Nationality Administration.
To begin the process for obtaining Egyptian residency, a preliminary contract must be agreed between the property owner and the foreign investor, and then signed by an authorized body, such the Urban Communities Authority, the Tourism Development Authority or the governorate in which the property is located. Bank statements must also be provided confirming that the money has been transferred from overseas. The passport office will then approve the period of residence.
Members of the House of Representatives welcomed the announcement as a positive move for Egypt and an incentive for foreign investment, which it is hoped will create jobs and economic opportunities.
Whether the public will be so keen remains to be seen.
“This might be a bit problematic,” said Aly Salem, a resident of Cairo. “The housing demand in Egypt is already high, with the surging youth population and more and more people looking to get married each year. Where will they stay, if foreigners start swooping in and acquiring both residency and a huge housing unit with just $100,000?”
Offering further details, Gen. Kamel Amer, the head of the Parliament’s Defense and National Security Committee, said foreigners will not have any political rights for the first five years of residency and they will not be eligible to vote for 10 years. He also said spouses and children of investors will not be granted residency unless they live in Egypt.
Spain and Portugal have implemented similar programs in an attempt to boost their property markets. Previously, a foreigner had to live in Egypt for 10 consecutive years to be eligible for naturalization.
The new residency law is part of the efforts to repair the damage to Egypt’s economy caused by severe austerity measures imposed after the $12 billion loan package from the International Monetary Fund in 2016.
The cost and size of properties in Egypt, which are often large and lavish apartments, compare favorably to those in many other countries. Despite this, few Egyptians can afford to pay for a house upfront, but some private property developers are offering 10-year, interest-free installment plans.