Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Egypt advisory council says Red Sea islands should remain Egyptian

Published 12/05/2016, 12:16 PM
Updated 12/05/2016, 12:20 PM
Egypt advisory council says Red Sea islands should remain Egyptian

CAIRO (Reuters) - An Egyptian state advisory body recommended on Monday that a Cairo court uphold a ruling that annulled an agreement giving Saudi Arabia control of two Red Sea islands.

The agreement, announced in April, caused a public uproar and rare protests by Egyptians who said the uninhabited islands of Tiran and Sanafir were Egyptian.

The controversy has become a source of tension with Saudi Arabia, which had showered its ally with tens of billions of dollars in aid.

In June, the Higher Administrative Court annulled the agreement, saying Egyptian sovereignty over the islands could not be given up. The Egyptian government lodged an appeal.

The Higher Administrative Court was due to hear the appeal on Monday but postponed the session to Dec. 19 after the advisory State Commissioners Authority presented its recommendations in a report.

The report, viewed by Reuters, includes references to several historical documents that it said suggest the islands are Egyptian and the annulment should hold.

The court is not obliged to follow the advisory authority's recommendations.

Tiran and Sanafir islands are situated in the narrow entrance to the Gulf of Aqaba leading to Jordan and Israel.

Saudi and Egyptian officials say they belong to Saudi Arabia and were only under Egyptian control because Riyadh asked Cairo in 1950 to protect them. Lawyers who opposed the accord said Cairo's sovereignty over the islands dated to a 1906 treaty, before Saudi Arabia was founded.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.