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At the same time, though British influence continued in the Middle East, Suez was a blow to British prestige in the Near East from which the country never recovered. [269] Britain evacuated all positions East of Suez by 1971, though this was due mainly to economic factors.
By the end of the 1960s, Nasser's prestige had declined due to the political failure of the union between Egypt and Syria, military setbacks in Yemen, where the civil war reached a stalemate despite his commitment of thousands of troops to overthrow the monarchists, and especially against Israel, where Egypt lost the Sinai Peninsula and ...
Coin exchange crisis of 692.Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull.
One of those regions was the Middle East, where the Arab Cold War took place. [7] After the Suez Crisis in 1956, there was an increase in Arab hostility to the West as well as increased Soviet influence in Egypt and Syria. The crisis also encouraged pan-Arabism and increased the popularity and influence of Gamal Abdel Nasser, President of Egypt ...
The Syrian Crisis of 1957 was a period of severe diplomatic confrontations during the Cold War that involved Syria and the Soviet Union on one hand, and the United States and its allies, including Turkey and the Baghdad Pact, on the other.
[1] [additional citation(s) needed] During the Cold War, the USSR first started to maintain a proactive foreign policy in the Middle East as a whole in the mid-1950s. The rise of Arab Nationalism , which was a highly anti-Western movement, enabled the Soviet Union to form alliances with various Arab leaders, a notable example being Gamal Abdel ...
The bank stock crisis was a financial crisis that occurred in Israel in 1983, during which the stocks of the four largest banks in Israel collapsed. In previous episodes of share price weakness, the banks bought back their own stocks, creating the appearance of constant demand for the stock, and artificially supporting their values. By October ...
As a group, most of the Free Officers were Sunni Arabs who came from a modern middle class. [22] The Free Officers were inspired by a number of events in the Middle East the decade before 1952. The 1948 war against Israel was an experience that intensified the Egyptian Free Officers' sense of duty. [21]