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With all the turmoil??in the Middle East, few took much notice when Egyptian businessman Naguib Sawiris signed a deal last December involving a firm from a neighboring country. This was no routine transaction. Sawiris, CEO of Orascom Telecom Holding SAE, in Cairo, purchased 9.9% of Partner Telecommunications Co. Ltd., in Tel Aviv, considered to be the biggest investment, valued at $150 million, ever made in the Jewish state by an investor from an Arab country. Sawiris expected the rebukes he received from some fellow Arabs for doing business with Israelis even as the Israeli-Palestinian conflict still rages...

Author: /time Magazine | Title: Beyond the Bazaar | 7/17/2006 | See Source »

...supporters, and perhaps also its Arab antagonists, have ample reason to hope that Weizman's judgment will prove correct. For if a Begin government is unwilling or unable to negotiate reasonably with those Arab leaders who seem ready to move toward peace, the fearful alternative is another era of turmoil???and perhaps bloodshed ?in the Middle East...

Author: /time Magazine | Title: ISRAEL: TRIUMPH OF A SUPERHAWK | 5/30/1977 | See Source »

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