Word: suez
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...oilfield to Indonesian officers of the United Nations Emergency Force. Two days after the Israeli pullout, Egypt formally took possession again. Within hours a tanker had been loaded and was under way with a cargo of the first oil from the lost fields of the Sinai to head for Suez in eight years. TIME'S Cairo Bureau Chief Wilton Wynn was at Ras Sudr when the oil to Egypt started flowing. His report...
Israel did have at least one cause for applause last week as a result of its accords with Sadat. For the first time since 1959, a ship with Israel-bound cargo was about to go through the Suez Canal: the Greek vessel Olympus, loaded with some 8,000 tons of cement from Rumania. In addition, Sadat figured in Israeli Prime Minister Yitzhak Rabin's decision to postpone his scheduled visit to the U.S. from November to December, or even later. Mainly, Rabin wishes to avoid U.S. pressure to negotiate an accord with Syria on the Golan Heights before...
...rubber stamp. Attlee, along with a small group in the Defense Sub-Committee of the Cabinet, made the crucial (for Labor party politics) decision to develop British nuclear weapons without consulting or informing the rest of his government. Sir Anthony Eden (a Conservative) worked out plans for Suez without informing his Cabinet of them, much less getting their approval. In both cases the Cabinet Ministers were bound--by the Catch-22 called collective responsibility--to support decisions in which they had no part. Britain had moved from Bagehot's Cabinet government to what Crossman called Prime Ministerial government...
Tourism is as valuable as wells, and 50 new hotels are now either being built or are under consideration. Egyptian officials also expect the reopened Suez Canal to eventually bring in $450 million a year in foreign exchange. Traffic through the canal has picked up steadily since it was reopened last June-though it is still below the 1967 level-and Japan recently granted a $100 million loan to widen and deepen it. "We are in a transition period and we have serious problems," says Sayed Marei, President of the Egyptian Parliament and one of Sadat's top advisers...
...military side, the Egyptian President knows that he cannot realistically expect the massive aid Washington has been giving Israel-especially as the U.S. approaches an election year. Sadat would, nonetheless, like sophisticated defensive weapons: patrol boats for the Mediterranean coastline and the Suez Canal, the F-5E "defensive" jet fighter, and the TOW wire-guided antitank missile, which Israel used effectively in 1973 against Egyptian tanks in the Sinai. He will not ask Washington to stop aid to Israel, but he will reiterate a request that it not heat up the arms race by giving Jerusalem advanced weapons like...