The question of whether frankincense was grown in Palestine is of historical importance for the problem of identifying God's Land, the place to which Queen Hatshepsut traveled. Because of the frankincense, the produce of the land, the place was thought to be in southern Arabia or Ethiopia.
I maintained that in Biblical times frankincense grew in Palestine. [Ages in Chaos, pp. 141, 172-173]. The recent excavations at Ein Gedi disclosed that frankincense actually was grown in the tropical climate on the shores of the Dead Sea...
The Greek Septuagint ("translation of the Seventy") that dates from the third century before the present era and similarly the Vulgate (the earliest Latin translation) see in Shwa (Seba) the personal name of the Queen, not the name of a region (Regina Seba).
As to some Egyptian reference or references to Punt as located in the south, a point brought up by a few of my readers, the following needs to be said: the opening passage in the History of Herodotus tells that the Phoenicians came to their country on the eastern shore of the Mediterranean from their original home on the shore of the Erythrean Sea, by which the Red Sea and also the Indian Ocean are known to have been meant by the Greeks. This would explain such early reference. But in another Egyptian text Punt is referred to as being to the north of Egypt.(19) Besides, we should be mindful of the fact elucidated in Worlds in Collision that in historical times the cardinal points have been -- and more than once -- reversed, or, as it is out in a hieroglyphic text, "the south becomes north, and the Earth turns over."
The statement of an Egyptian official from the time of the Old Kingdom that he visited eleven times Byblos and Punt should not be interpreted, as some scholars wished that he went this number of times to South Arabia or Somaliland, and as many times to the Phoenician coast. Actually, the ships which in the New Kingdom traded with Punt were called "Byblos-ships" [Cf. also E. Danelius, "The Identification of the Biblical 'Queen of Sheba' with Hatshepsut, 'Queen of Egypt and Ethiopia,'" KRONOS I.4 and II.1 (1976)].
Finally, the written account of Thutmose III's campaign to Phoenicia-Palestine uses the same geographical name: Divine Land, that we found in the travelogue of Queen Hatshepsut, from whom Thutmose took over the throne.
"New Evidence for Ages in Chaos: The Queen Of Sheba And The Land Of Punt" by Immanuel Velikovsky
I think one day that Velikovsky will rank with Copernicus. His reconstruction of Egyptian history makes it all come alive. Should I mention that he makes most Egyptologists look like idiots. Kind of like us Conservatives and the Liberal Left...