Word: nasserism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...years ago last week, Egypt's Gamal Abdel Nasser nationalized the Suez Canal and set the stage for the bloody Suez crisis that rocked the world in November 1956. Thereupon, Israel invaded the bleak, sand-blown Sinai Peninsula, ostensibly to destroy guerrilla bases operating against her borders. Then, speaking loftily of "separating the belligerents" and "protecting" the canal, Britain and France ordered Egypt to surrender its control to them; when Egypt refused, they began bombing Cairo and Port Said. In the end, amid the angry protests of the U.S.'s John Foster Dulles and a rattle of rockets...
When President Gamal Abdel Nasser seized the canal from its British and French owners, the Times of London, in a typical Western view, declared: "An international waterway of this kind cannot be worked by a nation of as low technical and managerial skills as the Egyptians." Now, ten years after Nasser's nationalization, it is clear that the Egyptians are, if anything, better capable of running the canal than the old Suez Canal...
...canal authority still has problems, but nothing like those of ten years ago. The first chairman, Mahmoud Younes, was given 60 hours' notice by Nasser in July 1956 to start running the canal. Although he had only general civil-engineering experience, the hard-driving Younes overcame the desperate shortage of managers and technicians. But in September, 156 foreign pilots quit, leaving him with 26 Egyptian and seven Greek pilots. By working his pilots 17 hours a day seven days a week, Younes kept ships moving through the canal...
Last week Mashour announced plans to deepen the draft to 45 ft. by 1975 and open the canal to two-way traffic at a cost of $225 million. Now all he needs is the money. Although the canal earns 60% of Egypt's foreign exchange, Nasser lets it keep only 14% for reinvestment, uses the rest to shore up Egypt's shaky economy...
First stop last week was Cairo, where she spent two days reviewing the world's horizons with Jawaharlal's old neutralist crony Gamal Abdel Nasser. Next she will fly to the Adriatic isle of Brioni and two days of talks with another old non-aligned family friend, Marshal Tito. This week a special Aeroflot airliner will whisk her from Brioni to Moscow...