Word: israels
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Dates: during 1970-1979
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...booze smuggled in via a CIA pouch, mixing daiquiris in a document shredder and selling Amway household products over the secure telephone line. Chris was sometimes sober enough to be appalled by the messages he was handling: the CIA was spying by satellite on friendly nations like France and Israel and trying to topple the new leftist government of Australia...
...since 1974, Egypt will sell $1.1 billion worth of crude this year, accounting for 40% of its trade income. Never a member of OPEC, the country doubled the price of its oil early this year and now charges a robust $34 per bbl., except for what is sold to Israel. Egypt reportedly agreed to sell oil to the Israelis at a price of roughly $27 per bbl. in the hope that this would encourage investment in Egypt by Jewish-American businessmen. Oil-exploration deals have been signed with a number of Western firms, and hopes are high that new strikes...
...before the boycott, those states accounted for only 7% of Egypt's trade. Arab anger remains high; the Egyptians expect that all of their postal, telephone and telex links to other Arab countries, as well as the remaining airline flights, will be severed in March, when Egypt and Israel plan to open embassies in Jerusalem and Cairo. Still, some top Egyptians believe that the boycott will not last long, and may be softening already. In November, says one Sadat aide, the Saudis began sending "signals" that they would not undermine Egypt or the peace treaty; they would...
...have set up operations there; Ford, General Motors and Union Carbide have investment projects in the planning stage. Yet Egypt has secured much Western financial assistance. This year it will get more than $1.7 billion in loans and grants, including $1 billion from the U.S. (which is also giving Israel $2.3 billion in aid in 1979). The U.S. assistance, which has totaled about $4 billion since 1976, is channeled to specific projects, such as the modernization of electric-power and water and sewer facilities. (These funds are in addition to the aid packages of $4 billion to $5 billion that...
Egypt's domestic economy is a mess. Despite a growth rate of about 8% this year, the bulk of the country's 40 million people remain desperately poor, with an average income of under $300 (vs. $2,700 for Israel). In the past year, thousands of peasants have abandoned the land to jam into the already swollen cities in hope of sharing in a peace-bred boom. Thus unemployment is soaring at a time when inflation is hovering above...