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Friday, April 8, 2016

Saudi cash boosts Egypt’s war on ISIS-Sinai after US opts out


ISIS raider hangs flag on MFO lookout post in North Sinai

The first visit to Cairo by Saudi King Salman Bin Abdulaziz Thursday, March 7,heralded a new chapter in the war on the Islamic State in Sinai, one to be fought with petrodollars versus the jihadis’ war chest. The monarch brought President Abdel-Fattteh El-Sisi two large checks: a $20bn guarantee to cover the oil needs of 90 million Egyptians for the next five years, and another $1.5bn listed euphemistically under the heading of “Sinai development.” READ MORE