Word: smouhaha
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...Egyptians finally settled their accounts on the 1956 Suez war. For six weeks they had haggled over 700 acres of land near Alexandria owned by Joseph Smouha, 83-year-old Iraqi-born Jew known as the wealthiest British subject in Egypt (TIME. March 2). Solution of the Smouhaha. as the British called it: the Egyptians would give him back the race track, golf course and other built-up property that they had seized from him after the British landings. But they would keep the surrounding farm land which, for tax purposes, he had valued unusually low. It would...
What Is a Farm? The Smouha affair, or the Smouhaha, as London wags inevitably called it, arose over the fanciest deal struck in a lifetime of shrewd dealing (cotton, moneylending, land speculating) by one Joseph Smouha, longtime operator in the Persian Gulf, Lancashire and the Levant, and known as the richest British subject in Egypt. This was his acquisition of 700 swampy acres on Alexandria's outskirts. He got Farouk's father, Fuad I, to proclaim it "Smouha City" and, while holding about half as low-tax "farm land" for future speculative profit, turned the other half into...
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