Word: nile
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Later this week Banker Black comes to the most crucial part of his trip: Egypt. The most important single development project in the world today is the proposed high dam spanning the Nile at Aswan. The 15-year, $1.3 billion project will have 1,440,000 kw. of power capacity and increase Egypt's electric supply eightfold. Several months ago Black worked out a deal to lend Egypt $200 million to help get the project started, with the U.S. and Great Britain adding grants of $70 million. The only thing to be settled was the question of water rights...
...Minister Amer. an earnest, soft-spoken farmer boy from the Upper Nile, is the No. 2 man of Egypt's revolutionary regime, the closest confidant of Premier Gamal Abdel Nasser, and the leader who would assume command of the allied armies of Egypt, Syria, Saudi Arabia and Yemen should war break out with Israel...
...last analysis, does not want to be. These new doubts about Nasser, and his own attempt to improve the bargain, have held back the final signing of an agreement with him (by the U.S., Britain and the World Bank) to build the $1.3 billion Aswan Dam on the Nile-a project bigger than the Pyramids and infinitely more useful. Nasser last week casually let drop to the New York Times's Caruthers: "We have not yet rejected the Soviet offer-I do not mention [this] as a threat or as bluff...
Womb to Tomb. For the tourist in trouble, American Express is a seasoned troubleshooter, will handle just about every imaginable disaster between womb and tomb. When an Egyptologist died abroad, she left a request that American Express have her cremated and scatter her ashes on the Nile. Asked by the U.S. embassy, in 1954, to look for a traveling Vassar girl whose father had died at home, the Paris office found that it had booked the girl on a train trip to Nice, followed the trail through five countries before catching up with her in Zurich. After a New York...
...alleges "imperialist" plots, fictitious massacres, Zionist "conspiracies." It recommends riots in Jordan, rebellion in Morocco, revenge in Algeria. Blaring from loudspeakers in cafes and hovels throughout the Middle East, it is for a vast number of illiterate Arabs the only news they get. By relay stations up the Nile, it also aims at all Africa, beaming broadcasts in Swahili to Kenya (where it supported the Mau Mau), Somaliland and Uganda. Explained the Voice: "Egypt's geographical position requires her to work for the liberation of the African continent from all forms of imperialism." It helped get Glubb fired...