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Infitah
''Infitah'' ( ar, انفتاح ', "openness") or Law 43 of 1974 was Egyptian President Anwar Sadat's policy of "opening the door" to private investment in Egypt in the years following the 1973 October War (Yom Kippur War) with Israel. Infitah was accompanied by a break with longtime ally and aid-giver the USSR – which was replaced by the United States – and by a peace process with Israel symbolized by Sadat's dramatic flight to Jerusalem in 1977. Infitah ended the domination of Egypt's economy by the public sector and encouraged both domestic and foreign investment in the private sector. The Egyptian Army's crossing across the Suez canal in the October 1973 Yom Kippur War, which, despite Egypt's eventual defeat, was seen by many as a political victory for its initial successes and gave Sadat the prestige to initiate a major reversal of Gamal Abdel Nasser's policies. Overview Under President Nasser, proponents of statism and a command economy with limited private invest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to the east, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Mediterranean coast. At approximately 100 million inhabitants, Egypt is the 14th-most populated country in the world. Egypt has one of the longest histories of any country, tracing its heritage along the Nile Delta back to the 6th–4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anwar Sadat
Muhammad Anwar el-Sadat, (25 December 1918 – 6 October 1981) was an Egyptian politician and military officer who served as the third president of Egypt, from 15 October 1970 until his assassination by fundamentalist army officers on 6 October 1981. Sadat was a senior member of the Free Officers who overthrew King Farouk in the Egyptian Revolution of 1952, and a close confidant of President Gamal Abdel Nasser, under whom he served as Vice President twice and whom he succeeded as president in 1970. In 1978, Sadat and Menachem Begin, Prime Minister of Israel, signed a peace treaty in cooperation with United States President Jimmy Carter, for which they were recognized with the Nobel Peace Prize. In his eleven years as president, he changed Egypt's trajectory, departing from many of the political and economic tenets of Nasserism, re-instituting a multi-party system, and launching the Infitah economic policy. As President, he led Egypt in the Yom Kippur War of 1973 to r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Modern Egypt
According to most scholars the history of modern Egypt dates from the start of Muhammad Ali's rule in 1805 and his launching of Egypt's modernization project that involved building a new army and suggesting a new map for the country, though the definition of Egypt's modern history has varied in accordance with different definitions of modernity. Some scholars date it as far back as 1516 with the Ottomans' defeat of the Mamlūks in 1516–17. Muhammad Ali's dynasty became practically independent from Ottoman rule, following his military campaigns against the Empire and his ability to enlist large-scale armies, allowing him to control both Egypt and parts of North Africa and the Middle East. In 1882, the Khedivate of Egypt became part of the British sphere of influence in the region, a situation that conflicted with its position as an autonomous vassal state of the Ottoman Empire. The country became a British protectorate in 1915 and achieved full independence in 1922, becomin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
October War
The Yom Kippur War, also known as the Ramadan War, the October War, the 1973 Arab–Israeli War, or the Fourth Arab–Israeli War, was an armed conflict fought from October 6 to 25, 1973 between Israel and a coalition of Arab states led by Egypt and Syria. The majority of combat between the two sides took place in the Sinai Peninsula and the Golan Heights—both of which were occupied by Israel in 1967—with some fighting in African Egypt and northern Israel. Egypt's initial objective in the war was to seize a foothold on the eastern bank of the Suez Canal and subsequently leverage these gains to negotiate the return of the rest of the Israeli-occupied Sinai Peninsula. The war began on October 6, 1973, when the Arab coalition jointly launched a surprise attack against Israel on the Jewish holy day of Yom Kippur, which had occurred during the 10th of the Islamic holy month of Ramadan in that year. Following the outbreak of hostilities, both the United States and the Soviet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yom Kippur War
The Yom Kippur War, also known as the Ramadan War, the October War, the 1973 Arab–Israeli War, or the Fourth Arab–Israeli War, was an armed conflict fought from October 6 to 25, 1973 between Israel and a coalition of Arab states led by Egypt and Syria. The majority of combat between the two sides took place in the Sinai Peninsula and the Golan Heights—both of which were occupied by Israel in 1967—with some fighting in African Egypt and northern Israel. Egypt's initial objective in the war was to seize a foothold on the eastern bank of the Suez Canal and subsequently leverage these gains to negotiate the return of the rest of the Israeli-occupied Sinai Peninsula. The war began on October 6, 1973, when the Arab coalition jointly launched a surprise attack against Israel on the Jewish holy day of Yom Kippur, which had occurred during the 10th of the Islamic holy month of Ramadan in that year. Following the outbreak of hostilities, both the United States and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gamal Abdel Nasser
Gamal Abdel Nasser Hussein, . (15 January 1918 – 28 September 1970) was an Egyptian politician who served as the second president of Egypt from 1954 until his death in 1970. Nasser led the Egyptian revolution of 1952 and introduced far-reaching land reforms the following year. Following a 1954 attempt on his life by a Muslim Brotherhood member, he cracked down on the organization, put President Mohamed Naguib under house arrest and assumed executive office. He was formally elected president in June 1956. Nasser's popularity in Egypt and the Arab world skyrocketed after his nationalization of the Suez Canal Company and his political victory in the subsequent Suez Crisis, known in Egypt as the ''Tripartite Aggression''. Calls for pan-Arab unity under his leadership increased, culminating with the formation of the United Arab Republic with Syria from 1958 to 1961. In 1962, Nasser began a series of major socialist measures and modernization reforms in Egypt. Despite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nasserism
Nasserism ( ) is an Arab nationalist and Arab socialist political ideology based on the thinking of Gamal Abdel Nasser, one of the two principal leaders of the Egyptian Revolution of 1952, and Egypt's second President. Spanning the domestic and international spheres, it combines elements of Arab socialism, republicanism, nationalism, anti-imperialism, developing world solidarity, Pan-Arabism, and international non-alignment. Many other Arab countries have adopted Nasserist forms of government during the last century, most being formed during the 1960s, including Muammar Gaddafi's Socialist People's Libyan Arab Jamahiriya (1977–1986) and later the Great Socialist People's Libyan Arab Jamahiriya (1986–2011) after the 1986 United States bombing of Libya. The Nasserist ideology is also similar in theory to the Ba'athist ideology which was also notably practiced under Saddam Hussein's Ba'athist Iraq (1968–2003) and under Hafez al-Assad and now Bashar al-Assad's Syrian Arab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
USSR
The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national republics; in practice, both its government and its economy were highly centralized until its final years. It was a one-party state governed by the Communist Party of the Soviet Union, with the city of Moscow serving as its capital as well as that of its largest and most populous republic: the Russian SFSR. Other major cities included Leningrad (Russian SFSR), Kiev ( Ukrainian SSR), Minsk ( Byelorussian SSR), Tashkent (Uzbek SSR), Alma-Ata (Kazakh SSR), and Novosibirsk (Russian SFSR). It was the largest country in the world, covering over and spanning eleven time zones. The country's roots lay in the October Revolution of 1917, when the Bolsheviks, under the leadership of Vladimir Lenin, overthrew the Russian Provisional Gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western World
The Western world, also known as the West, primarily refers to the various nations and states in the regions of Europe, North America, and Oceania.Western Civilization Our Tradition; James Kurth; accessed 30 August 2011 The Western world is also known as the (from the word ''occidēns'' "setting down, sunset, west") in contrast to the known as the [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberalization
Liberalization or liberalisation (British English) is a broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of eliminating certain government regulations or restrictions. The term is used most often in relation to economics, where it refers to economic liberalization, the removal or reduction of restrictions placed upon (a particular sphere of) economic activity. However, liberalization can also be used as a synonym for decriminalization or legalization (the act of making something legal after it used to be illegal), for example when describing drug liberalization. In economy and trade The Great Depression of 1929 made nations throughout the world realize that the wide gap between the economic theory and practice in determination of internal trade policy was the major cause of worldwide economic disaster. Therefore, a need for reviving the classical theory of trade by adhering to free trade policy was felt. The Bret ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab Socialism
Arab socialism ( ar, الإشتِراكيّة العربية, Al-Ishtirākīya Al-‘Arabīya) is a political ideology based on the combination of pan-Arabism and socialism. Arab socialism is distinct from the much broader tradition of socialist thought in the Arab world, which predates Arab socialism by as much as fifty years. The term "Arab socialism" was coined by Michel Aflaq, the principal founder of Ba'athism and the Arab Socialist Ba'ath Party in Syria, in order to distinguish his version of socialist ideology from the international socialist movement. Original meaning Socialism was a major component of Ba'athist thought, and it featured in the party's tripartite slogan of "unity, liberty, socialism". However, in using the term "Arab socialism," Aflaq was not referring to the internationalist strain of socialism; his conception resolved socialism with Arab nationalism. In a written statement from 1946, Aflaq wrote "The Arab nationalists are socialists", hence "there is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
