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A report by the Strategic Foresight Group estimated the opportunity cost of conflict for the Middle East from 1991 to 2010 at $12 trillion. The report's opportunity cost calculates the peace GDP of countries in the Middle East by comparing the current GDP to the potential GDP in times of peace. Israel's share is almost $1 trillion, with Iraq ...
From the end of 1972, Egypt began a concentrated effort to build up its forces, receiving MiG-21 jet fighters, SA-2, SA-3, SA-6 and SA-7 antiaircraft missiles, T-55 and T-62 tanks, RPG-7 antitank weapons, and the AT-3 Sagger anti-tank guided missile from the Soviet Union and improving its military tactics, based on Soviet battlefield doctrines ...
The "Middle East" is traditionally defined as the Fertile Crescent (Mesopotamia), Levant, and Egypt and neighboring areas of Arabia, Anatolia and Iran. It currently encompasses the area from Egypt, Turkey and Cyprus in the west to Iran and the Persian Gulf in the east, [1] and from Turkey and Iran in the north, to Yemen and Oman in the south ...
An apparent breakthrough for peace in the Middle East occurred on 17 September 1978 when Israeli PM Menachem Begin met Egyptian president Anwar Sadat to sign the Camp David Accords at the Maryland ...
The Six-Day War was fought between June 5 and June 10, 1967, by Israel and the neighboring states of Egypt, known then as the United Arab Republic (UAR), Jordan, and Syria. The conflict began with a large-scale surprise air strike by Israel on Egypt and ended with a major victory by Israel.
Rising tensions in the Middle East add new uncertainties for the global economy even as policymakers start to congratulate themselves on having steered it out of a bout of high inflation without ...
The Arab–Israeli conflict began in the 20th century, evolving from earlier Intercommunal violence in Mandatory Palestine. The conflict became a major international issue with the birth of Israel in 1948. The Arab–Israeli conflict has resulted in at least five major wars and a number of minor conflicts.
The Middle East conflicts have revived what's been a long-running clash between presidents, who are the commanders in chief, and Congress, which holds the authority to stop and start wars, or ...