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Source: http://www.ynetnews.com/articles/0,7340,L-4269697,00.html
Arab Media: "Israel Making Threats over Compensation for Jewish Refugees"
(Ynet News) Elior Levy - The Arab media is up in arms over a plan spearheaded by Israeli Deputy Foreign Minister Danny Ayalon to hold a summit on the property rights of Jewish refugees from Arab countries at the UN in September. Several Egyptian newspapers have written that following July 1971, Jewish property devolved to state ownership under law. The press estimated the property to be worth 1 billion Egyptian Lira.