Word: nasser
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...tense Middle East. State was braced for the possibility that Russia's Foreign Minister Dmitry Shepilov (see FOREIGN NEWS) would offer to sell Egypt arms, would offer Egypt a $1.3 billion loan-or a blank check-to build the Aswan High Dam, that Egypt's Premier Nasser would find it hard to turn down such easy and astronomical money (roughly half of Egypt's gross national product). State was concerned likewise that neighboring Israel might be fanning up a new "get tough" policy after dismissing moderate Foreign Minister Moshe Sharett...
...still stood on its conditional offer to grant Nasser $56 million toward his dam (Britain is still ready to grant $14 million), to precede a World Bank loan of $200 million. The reasons were basic and simple: 1) the U.S. offer, with its businesslike requirement of a sound Egyptian fiscal system, was good for Nasser-and he knew it; 2) the U.S. knew full well that if Nasser accepted Russian easy terms he was bound to pay a heavy price in independence besides having a hard time laying his hands on the money-and presumably Colonel Nasser knew that...
...compatriots, this is the moment of a lifetime," cried Gamal Abdel Nasser. After more than 2,000 years, Egypt was free of foreign occupiers for the first time since the Persians marched in in 525 B.C. Emotionally, Soldier Nasser kissed the green Egyptian flag, raised it with his own hands atop Port Said's Navy House, last headquarters of the once-mighty British naval base in Suez. The British, naturally reluctant to officiate at their own funeral, had quietly withdrawn their last troops before the evacuation deadline, but Gamal Abdel Nasser was undeterred in his triumph. Cried he: "This...
...British remnant sailed out of Port Said, Egypt's new, Soviet-made MIG jets screamed triumphantly over Cairo. They were warming up for Premier Gamal Abdel Nasser's big "Liberation Day" show scheduled for the moment when Egypt formally takes over the Zone this week. Arriving as Nasser's special guest at the festivities: Russia's new Foreign Minister Dmitry Shepilov...
Then the Russians, who had previously offered a $300 million loan, started jiggling the bait again. Though Egypt's Strongman Gamal Abdel Nasser prefers Western aid, and knows that he will get more dam for the money with no political strings attached, he is cagily bargaining with both sides. Last week Nasser received Russia's junketing Foreign Minister Dmitry T. Shepilov, who arrived in Cairo with tempting new offers (see FOREIGN NEWS). But on this trip, Black hopes to nail down the deal once and for all. Both he and the Reds know the size of the stakes...