Word: suez
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...with few flat spaces, Israeli jets can patrol not only the Strait of Tiran but also (with mid-air refueling) Bab el Mandeb at the southern end of the Red Sea. Squadrons at Eitam can guard the southern coast of the Mediterranean and the Sinai as far as the Suez Canal...
...course the Soviets have had their share of intelligence failures. During the 1973 Arab-Israeli war, the KGB failed to detect Israeli preparations for crossing the Suez Canal, and underestimated the maneuver's importance once it was under way. In New Delhi, the resident KGB team concluded that Indira Gandhi would easily win re-election in 1977. More embarrassing was the gambit of Vladimir Rybachenko, who served in Paris as a UNESCO official. Shortly before Soviet Party Chief Leonid Brezhnev arrived in Paris on a good-will visit in 1976, Rybachenko was caught receiving secret documents that described...
Redec, a holding company, now controls much of the lucrative construction business in Saudi Arabia. It also owns pharmaceutical, tire-recapping, steel fabricating and drinking water-bottling plants. Together with an Italian company, it is dredging parts of the Suez Canal. In 1976 Redec's revenues were more than $1 billion. Apart from his banking interests, Pharaon owns a substantial share of International Systems, a modular-housing firm in Mobile, Ala., and is the largest shareholder in Sam P. Wallace Co., a Dallas-based mechanical contracting firm...
More immediate is the promise of oil. Though its proven reserves primarily in western Sinai and offshore in the Gulf of Suez total only 3 billion bbl. (v. 110 billion bbl. for Saudi Arabia), Egypt already produces enough oil to fill its own needs and provide a sizable surplus. This year, the country is again an oil exporter, to the happy tune of $311 million. Sadat predicts that the figure will jump to $1.5 billion by 1980. In addition, Egypt has largely untapped deposits of phosphates and iron...
...introspective Sadat is at the same time a dramatist. He likes pomp. After his 1975 decision to reopen the Suez Canal, Sadat dressed up in a white admiral's uniform and rode down the canal for four hours on the deck of a destroyer. As a young man he wanted to be an actor, and for a brief period, he now relates somewhat uncomfortably, he did perform on the Cairo stage. He answered an ad in the newspaper for a theater job and sent in his photograph, declaring that he did both tragedy and comedy but preferred comedy. Even...