Environment
Israel releases draft legislation to increase state revenue from Dead Sea minerals
Israel published on Wednesday a draft bill that aims to increase state revenue from a concession to extract minerals from the Dead Sea, as well as tackle its environmental effects. The Finance Ministry stated that the proposed law aims to redefine concessions so the public and state receive their fair share while maintaining nature and environmental values. The law will be used to determine the allocation of concessions and terms for future tenders for the extraction of resources from the Dead Sea. It aims to promote optimal competition, lower entry barriers and attract leading international players. The concession granted to...