Israel says it gave written consent to Saudi island transfer
▻http://www.timesofisrael.com/israel-confirms-it-gave-written-consent-to-saudi-island-transfer
The raft of agreements also includes some $16 billion in Saudi investments in the ailing Egyptian economy.
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Under the Egyptian-Saudi agreement, the islands are to be transferred to Saudi control in 25 years, giving Riyadh a direct hand in ensuring the fulfillment of the peace treaty with Israel.
#EgyptForSale: Egypt Gives Islands to Saudi Arabia for Billions | News | teleSUR English
▻http://www.telesurtv.net/english/news/EgyptForSale-Egypt-Gives-Islands-to-Saudi-Arabia-for-Billions-20160411-00
gyptians expressed outrage on social media after the government announced handing over two Red Sea islands to Saudi Arabia.
Egypt has “sold” Saudi Arabia two of its Red Sea Islands as a show of gratitude for the billions of dollars the kingdom has given to the post-coup government of Abdel-Fattah el-Sissi and a recent US$16 billion investment fund between the two countries, Egyptian media reported Monday.
Social media users in Egypt expressed outrage over the news as they accused the government of selling the two islands to Saudi Arabia in return for political and massive financial support. They used several hashtags on Twitter including #EgyptForSale in Arabic.
Ownership of the two uninhabited islands has been disputed between the two counties for decades. However, Egypt has maintained control over them since it gained independence from the United Kingdom in the early 20th century.