Economic Relations Between Egypt and the Gulf Oil States, 1967-2000: Petro Wealth and Patterns of Influence

This book provides a unique insight into a virtually unseen current that has shaped Middle East war and politics for over 30 years by explaining the intricate and ever shifting relationship between Egypt and the immensely wealthy Arab Gulf newcomers. The efforts of the Gulf states to exert political and cultural influence over Egypt through use of their oil revenues is described in detail, alongside concurrent Egyptian efforts to redistribute the oil wealth while maintaining complete policy independence and primacy. Drawing on previously unpublished reports, and on first-hand interviews with key persons throughout the region (including two Egyptian premiers), the book provides a first-time look at the full extent of the economic ties, at the inner workings of the relations, and at their long-term impact. New data and analysis shows the underlying logic and impact of this relationship, and the powerful interplay and the shifting balance of power.