Cancellation of the commercial deal between private Egyptian and Israeli entities has more to do with Egypt's own internal confrontation with corporate governance and transparency than with the peace treaty with Israel. According to several news reports, Egypt has terminated a deal to supply Israel with natural gas. Egyptian sources say that the deal was canceled over a legal dispute, as well as Israel's failure to pay for the gas over the past four months; Israeli government sources, meanwhile, insist they have paid all the money they owe. Several Israeli officials, including Kadima leader Shaul Mofaz and Finance Minister Yuval…Read More... | 48 Comments
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