Word: nasser
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Although he seems to be losing the battle to rule the Arab world, Egypt's Colonel Nasser last week won control of what is now undeniably his, the Suez Canal...
...reporter asked the Premier if he believed Nasser was aiding the spread of Communism. As-Said replied: "I think you should ask yourself that question. He has been criticizing me, but I don't want to criticize...
...interference." From Jordan young King Hussein sent a message of regret that he could not join his fellow Kings, a gambit carefully arranged in advance to demonstrate that Saud, Feisal and Hussein were one for all and all for one, but without jamming the distasteful news too forcibly down Nasser's throat...
Great Britain, the most important of his enemies, gave in and accepted Nasser's terms and rates; Egypt, in return, let Britain pay its tolls in sterling. It was a settlement as useful to hard-pressed Egypt as to Britain, for much of the Egyptian economy is intertwined with Britain's. London still holds $300 million of blocked Egyptian funds. Some time, when they get to speaking to each other again. Britain will claim that Egypt owes her more than $350 million in obligations incurred when an angry Nasser nationalized the Suez Canal Co. and "Egyptian-ized" foreign...
...London's Thames-side Shell-Mex House that the real drive to escape Nasser's dominance was being planned. There 30 of the world's top oil industrialists gathered at the urging of Standard Oil (N.J.) President Monroe Jackson Rathbone. They talked privately, partly because they had to be wary of defying the U.S. antitrust laws and partly because they have learned that in the Middle East their aims are sometimes best achieved by not loudly proclaiming them...