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Misr Spinning And Weaving Company
The Misr Spinning and Weaving Company () is a large textile company located in El-Mahalla El-Kubra within the Nile Delta of Egypt, approximately 80 kilometers north of Cairo. It is a state-owned enterprise held by the Holding Company for Cotton, Spinning, Weaving and Garments. Egypt's largest industrial facility employs over 25,000 workers, many of whom have played an active role in Egyptian labor struggles. Large protests and strikes at Misr Spinning and Weaving since 2006 contributed to the collapse of the Hosni Mubarak, Mubarak government, the 2011 Egyptian revolution, and the Arab Spring more generally. Development Growth of the Egyptian cotton industry The Misr Spinning and Weaving Company was founded in 1927 by a group of Egyptian businessmen in collaboration with the Misr Bank, facing Mahalla's Talaat Harb Street, Tal‘at Harb Square in El-Mahalla El-Kubra. The bank, which had formed during the Egyptian Revolution of 1919, Egyptian uprising of 1920 and proclaimed itself ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gamal Abdel Nasser
Gamal Abdel Nasser Hussein (15 January 1918 – 28 September 1970) was an Egyptian military officer and revolutionary who served as the second president of Egypt from 1954 until his death in 1970. Nasser led the Egyptian revolution of 1952 and introduced Land reform in Egypt, far-reaching land reforms the following year. Following a 1954 Attempted assassination of Gamal Abdel Nasser, assassination attempt on his life by a Muslim Brotherhood member, he cracked down on the organization, put President Mohamed Naguib under house arrest and assumed executive office. He was 1956 Egyptian referendum, formally elected president in June 1956. Nasser's popularity in Egypt and the Arab world skyrocketed after his Suez Canal Authority, nationalization of the Suez Canal and his political victory in the subsequent Suez Crisis, known in Egypt as the ''Tripartite Aggression''. Calls for Arab Union, pan-Arab unity under his leadership increased, culminating with the formation of the United Ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food Prices
Food prices refer to the average price level for food across countries, regions and on a global scale. Food prices affect producers and consumers of food. Price levels depend on the food production process, including food marketing and food distribution. Fluctuation in food prices is determined by a number of compounding factors. Geopolitical events, global demand, exchange rates, government policy, diseases and crop yield, energy costs, availability of natural resources for agriculture, food speculation, changes in the use of soil and weather events directly affect food prices. To a certain extent, adverse price trends can be counteracted by food politics. The consequences of food price fluctuation are multiple. Increases in food prices, or agflation, endangers food security, particularly for developing countries, and can cause social unrest. Increases in food prices is related to disparities in diet quality and health, particularly among vulnerable populations, such as wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muslim Brotherhood
The Society of the Muslim Brothers ('' ''), better known as the Muslim Brotherhood ( ', is a transnational Sunni Islamist organization founded in Egypt by Islamic scholar, Imam and schoolteacher Hassan al-Banna in 1928. Al-Banna's teachings spread far beyond Egypt, influencing various Islamist movements from charitable organizations to political parties. Initially, as a Pan-Islamic, religious, and social movement, it preached Islam in Egypt, taught the illiterate, and set up hospitals and business enterprises. It later advanced into the political arena, aiming to end British colonial control of Egypt. The movement's self-stated aim is the establishment of a state ruled by sharia law under a caliphate–its most famous slogan is "Islam is the solution". Charity is a major aspect of its work. The group spread to other Muslim countries but still has one of its largest organizations in Egypt, despite a succession of government crackdowns since 1948. It remained a fringe group i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Democratic Party (Egypt)
The National Democratic Party (), often referred to in Egypt as simply the National Party (), was the ruling List of political parties in Egypt, political party in Egypt from 1978 to 2011. It was founded by President Anwar Sadat in 1978. The NDP wielded uncontested power in state politics, usually considered a ''de facto'' One-party state, single party, with authoritarian characteristics,Jason Brownlee "Authoritarianism in an age of democratization", p. 124 inside an officially multi-party system, from its creation until the resignation of Sadat's successor Hosni Mubarak in response to the Egyptian Revolution of 2011. The National Democratic Party was an authoritarian centrist party. From its inception, it was by far the most powerful of the parties to emerge from the Arab Socialist Union (Egypt), Arab Socialist Union (ASU), the former ruling sole party since 1962, and was as such seen as its organic successor. In contrast to ASU's strong emphasis on Arab nationalism and Arab soci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yom Kippur War
The Yom Kippur War, also known as the Ramadan War, the October War, the 1973 Arab–Israeli War, or the Fourth Arab–Israeli War, was fought from 6 to 25 October 1973 between Israel and a coalition of Arab world, Arab states led by Egypt and Syria. Most of the fighting occurred in the Sinai Peninsula and Golan Heights, territories Israeli-occupied territories, occupied by Israel in 1967. Some combat also took place in mainland Geography of Egypt, Egypt and Northern District (Israel), northern Israel. Egypt aimed to secure a foothold on the eastern bank of the Suez Canal and use it to negotiate the return of the Israeli occupation of the Sinai Peninsula, Sinai Peninsula. The war started on 6 October 1973, when the Arab coalition launched a surprise attack across their respective frontiers during the Jewish holy day of Yom Kippur, which coincided with the 10th day of Ramadan. The United States and Soviet Union engaged in massive resupply efforts for their allies (Israel and the A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anwar Al-Sadat
Muhammad Anwar es-Sadat (25 December 1918 – 6 October 1981) was an Egyptian politician and military officer who served as the third president of Egypt, from 15 October 1970 until his assassination by fundamentalist army officers on 6 October 1981. Sadat was a senior member of the Free Officers who overthrew King Farouk I in the Egyptian Revolution of 1952, and a close confidant of President Gamal Abdel Nasser, under whom he served as vice president twice and whom he succeeded as president in 1970. In 1978, Sadat and Menachem Begin, Prime Minister of Israel, signed a peace treaty in cooperation with United States President Jimmy Carter, for which they were recognized with the Nobel Peace Prize. In his 11 years as president, he changed Egypt's trajectory, departing from many political and economic tenets of Nasserism, reinstituting a multi-party system, and launching the Infitah economic policy. As President, he led Egypt in the Yom Kippur War of 1973 to regain Egypt's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First World War
World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting took place mainly in European theatre of World War I, Europe and the Middle Eastern theatre of World War I, Middle East, as well as in parts of African theatre of World War I, Africa and the Asian and Pacific theatre of World War I, Asia-Pacific, and in Europe was characterised by trench warfare; the widespread use of Artillery of World War I, artillery, machine guns, and Chemical weapons in World War I, chemical weapons (gas); and the introductions of Tanks in World War I, tanks and Aviation in World War I, aircraft. World War I was one of the List of wars by death toll, deadliest conflicts in history, resulting in an estimated World War I casualties, 10 million military dead and more than 20 million wounded, plus some 10 million civilian de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muhammad Ali Dynasty
The Muhammad Ali dynasty or the Alawiyya dynasty was the ruling dynasty of Egypt and Sudan from the 19th to the mid-20th century. It is named after its progenitor, the Albanians, Albanian Muhammad Ali of Egypt, Muhammad Ali, regarded as the founder of modern Egypt. Introduction Muhammad Ali was an Albanians, Albanian commander in the Ottoman Empire, Ottoman Albanian army that was sent to drive Napoleon's forces out of Egypt. After Napoleon’s withdrawal, he aligned himself with Umar Makram, Omar Makram, the leader of Egyptian resistance against the French, Muhammad Ali's rise to power, rose to power with his Albanian troops, and forced the Ottoman Sultan Selim III to recognise him as Wāli (Governor) of Egypt in 1805. Demonstrating his grander ambitions, he took the far higher title of Khedive, an honorific used by the Sultan himself. His sons and successors as Egypt's ruler, Ibrahim Pasha of Egypt, Ibrahim Pasha, Abbas I of Egypt, Abbas I, and Sa'id of Egypt, Sa'id Pasha, woul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abbas Halim
Abbas Halim (Egyptian Arabic: عباس حليم, 9 October 1897 – 6 July 1978), also known as Nabil Abbas Halim or Sherief Abbas Halim, was a prince of the Muhammad Ali Dynasty and a labour activist in Egypt. Early military career and personal life Born in Alexandria at the end of the 19th century, Halim was educated in Germany and fought with the German Air Force during the First World War, becoming a fighter pilot with the rank of first lieutenant and awarded the Iron Cross.Goldschmidt p.69 He later joined the Ottoman Air Force. After returning to Egypt, Halim founded boxing and sports clubs, led an Egyptian automobile club, and participated in safari hunting.Bidwell, 2012, p.2 Michel Antoine Mamlouk recounts that Halim had three children, Mohamed Ali, Ulvia and Nevine, who were educated in Virginia and Pennsylvania in the United States, and that Halim owned the Khedivial Mail Line fleet.Mamlouk, 2010, p.80 Political activism in Egypt Halim joined the Wafd Party and f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
