LYCOS RETRIEVER 
Nasser: Egyptians
built 612 days ago
Nasser fought in the 1948 war against the newly formed Israel. During this war, Nasser held his first 'proper' meeting with those officers who were willing to support his ideas for Egypt. The defeat of the Arab nations in the 1948 war, gave an added impetus to their anger especially as the Egyptian Army had to fight with faulty weapons which was linked to a supply scandal that implicated some members of the Royal Family. Nasser was clear in his own mind - the Royal family had to go and Egypt needed a new form of government. He believed that the army had to take a lead in this.
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Egyptian industry progressed very much during Nasser's rule. Capital Investment in industry and mining increased considerably. The National Production Council allocated the equivalent of $36,700,000 in 1954-1955 and $55,100,000 in 1955-1956 for developing electric power, industry, and mining. Private local investment, as reported by the Federation of Egyptian Industries, rose from $8,500,000 in 1953 to $18,000,000 in 1954. Foreign investment amounted to $2,000,000 in 1954, including $1,800,000 in the petroleum industry.
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[T]he author shows how the debate over Nasser drives much of the current Egyptian discussion about politics. Indeed, should this book get translated into Arabic, as it deserves, it will perceptibly enhance the way Egyptians understand their modern history, and so more solidly ground today's controversies.
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