Word: naguib
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Egypt. The U.S. should strongly support Dictator Mohammed Naguib, who "deserves the most unreserved backing by the Western powers...
...Germans are back again. Last week a delegation of twelve top Bonn bureaucrats, industrialists and bankers gathered in Cairo to arrange some fair-sized business deals. They hoped thereby to soothe General Naguib, who threatened a boycott of Germany because of Chancellor Adenauer's promise to pay $715 million as restitution to Israel for the wrong Hitler's Germany had done the Jewish people...
Welcome Vacuum. The negotiators found a golden opportunity before them. Naguib was determined to industrialize Egypt. He didn't want to deal with the British; moreover, the spectacular decline in Egypt's foreign trade with Britain and the U.S. has stripped him of dollars and pounds sterling. Naguib's men laid it on the line: they wanted Bonn to advance $600 million in long-term credits repayable in Egyptian cotton. This would be spent to 1) build a new, $300,000,000 hydroelectric irrigation dam that would nearly double Egypt's cultivatable area and multiply...
...German negotiators cautiously surveyed the trade vacuum and prepared to move in. They could not give Naguib all that he asked for, but the Egyptians obviously expected to settle for less. Whatever the final bargain, West Germany may well be on the way to becoming the leading foreign power in Egypt's economy...
...moved quietly into Cairo two years ago and, in effect, replaced the British mission to advise Egypt's army. Today its chief, Dr. Wilhelm Voss, onetime head of the Wehrmacht's Central Armaments Supply Board, sits in the office of the Minister of War & Marine (the minister: Naguib himself), bossing Egypt's Central Planning Board. Voss's men, recruited from former SS leaders, Panzer commanders and naval captains, permeate Egypt's entire military establishment-training, advising and teaching. Off duty, they keep to themselves, stay out of bars and mischief. One Egyptian newsman who asked...