Offer values NewMed, a key stakeholder in Israel's Leviathan offshore gas field, at about NIS 14.1b ($4b); tentative deal is called a 'testament' to Israel-UAE ties
NewMed (formerly Delek Drilling), developer of Leviathan and Tamar gas fields, and Enlight Energy to make push for green energy generation in region, including Saudi Arabia, Oman
Consumers yet to reap the rewards, continuing to pay high electricity bills even as oil and gas prices plunge, and with promised sovereign wealth fund yet to materialize
Reuters: Merging its North Sea energy operations, Ithaca, with international group would help turn it into a publicly traded company in London, Delek said
Foregoing immediate repayment of NIS 6 billion in loans from Yitzhak Tshuva, whose losses are cutting into Israelis' pensions, two pension and insurance companies offer a lifeline
Reuters: Bondholders, concerned about Delek's financial situation, threaten to call repayment of all of the NIS 6 billion owed them if money not injected into firm
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