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Egypt: Middle East
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"Egypt is that prosperous empire of payrolls which during the 1921 business depression produced more business and orders than any section in the middle west. Business is good in Egypt; business has been good in Egypt for several years. Depression has been known only by reading of it in other sections. Egypt is the fastest growing part of Illinois. Egypt is a peculiarly rich store-house of wealth and opportunity where thriving cities are many, where living is easy and where payrolls have plenty of money for those who have the will to earn by business their share."
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About ninety per cent of Egypt is desert: the Western Desert, a continuation of the Sahara Desert and the Eastern Desert. The deserts are separated by the river Nile which flows from the Sudan and through the length of Egypt to the Mediterranean Sea.
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Though considered a low-income country, Egypt has a thriving media and arts industry, with more than 30 satellite channels and more than 100 motion pictures produced a year. To bolster its media industry, especially with the keen competition from the Persian Gulf states and Lebanon, it has built a large media city that it has promoted as the "Hollywood of the East". Egypt has the only opera house amongst Arab countries.
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In 1967, border tensions between Egypt and Israel led to the Six-Day War. On June 5, Israel launched an air assault, and within days had annexed the Sinai Peninsula, the East Bank of the Jordan River, and the Golan Heights. A UN cease-fire on June 10 saved the Arabs from complete rout. Nasser declared the 1967 cease-fire void along the canal in April 1969 and began a war of attrition. On Sept. 28, 1970, Nasser died of a heart attack. Anwar el-Sadat, an associate of Nasser and a former newspaper editor, became the next president.
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Egypt's excess of natural gas will more than meet its domestic demand for many years to come. The Ministry of Petroleum has determined that expanding the Egyptian petrochemical industry and increasing exports of natural gas as its most significant strategic objectives. As of September 2005, three liquefied natural gas (LNG) trains had been in operation. The first is in Damietta on the eastern side of the Delta and started exporting in early 2005. It is headed by the Spanish electric utility, Union Fenosa. The second LNG project is located at Idku on the western side of the Delta and started exporting in 2005.
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Egypt, at the northeast corner of Africa on the Mediterranean Sea, is bordered on the west by Libya, on the south by the Sudan, and on the east by the Red Sea and Israel. It is nearly one and one-half times the size of Texas. Egypt is divided into two unequal, extremely arid regions by the landscape's dominant feature, the northward-flowing Nile River. The Nile starts 100 mi (161 km) south of the Mediterranean and fans out to a sea front of 155 mi between the cities of Alexandria and Port Said.
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