Washington insists that a security package for Saudi Arabia hinges on Saudi-Israeli normalization. This condition could impact the US-Saudi relationship. Saudi Arabia offers to buy Ras Ghamila, a Red Sea tourist spot, and use deposits from Egypt's Central Bank for the deal.
Egypt is considering an offer from Riyadh to use part of its $10.3bn deposits at the Central Bank of Egypt to finance a deal to turn the strategic Ras Ghamila area into a tourism hub ⤵️ https://t.co/f4SM1abAqR
Saudi Arabia has presented Egypt with an offer to purchase Ras Ghamila, a prime Red Sea tourist destination, including pulling its deposits from the Central Bank of Egypt, and the acquisition of several government companies ⤵️ https://t.co/AKBfbxtm20
Saudi Arabia has presented Egypt with an offer to purchase Ras Ghamila, a prime Red Sea tourist destination, including pulling its deposits from the Central Bank of Egypt https://t.co/DSbPNqZwxh
Egypt is considering an offer from Riyadh to use part of its $10.3bn deposits at the CBE to finance a deal to turn the strategic area into a tourism hub https://t.co/dg5JvDtKQQ
ICYMI: By me... Saudi Arabia Is on the Way to Becoming the Next Egypt - Washington is brokering a diplomatic deal that could deeply distort its relationship with Riyadh. https://t.co/oM69y3mrUT
If U.S. commitment to Saudi Arabia is contingent on Saudi normalization with Israel, it is likely that the quality of Israeli-Saudi relations will impose themselves on the bilateral relationship between Washington and Riyadh, columnist @stevenacook writes. https://t.co/OsxcC24Yms
“Washington is adamant that regardless of how close the Americans and the Saudis are to a bilateral agreement, the security package cannot materialize without Saudi-Israeli normalization.” https://t.co/1AkDhPc6GT