Egyptian billionaire proposes buying island to shelter Mideast refugees

September 4, 2015 4:25 PM

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Egyptian billionaire proposes buying island to shelter Mideast refugees

March 15, 2015 - FILE photo of Egyptian billionaire Naguib Sawiris in Sharm el-Sheikh, south of Cairo. Sawiris has offered to buy an island off Italy or Greece and develop it to help Mideast refugees. (REUTERS)

An Egyptian billionaire thinks he has a solution for the hundreds of thousands of refugees fleeing war in the Middle East in search of a better life in Europe: their own island.

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