Lockheed Martin has similarly lucrative deals to sell its F-16 fighter to the United Arab Emirates and Egypt.
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Mr Obama put himself on the side of the Arab Street in Egypt.
Such relative Arab heavyweights as Egypt and Iraq no longer wield much clout.
Another Arab heavyweight, Egypt, has also joined the charm offensive, sending its first high-level delegation to Iran in several years.
Like most of the Arab world, Egypt faces an ascendant demographic bulge.
But so far, moderate Arab leaders like Egypt's President Hosni Mubarak have ruled out sending weapons or fighters to join the Palestinians.
They claim that the latter group includes Arab dictatorships like Egypt and Saudi Arabia, and democracies like Turkey, the EU, and Israel.
Since the fall of the Ottoman Empire in World War I, Arab states like Egypt and Saudi Arabia have been the widely recognized leaders of the Islamic world.
Most had urged Egypt to host the funeral because they would not be able to attend the burial in Ramallah because they would have to travel through Israel and only two Arab nations, Egypt and Jordan, have peace treaties with Israel.
Amman is the only other Arab state, outside Egypt, to have formally signed a peace agreement with Israel.
An explosion today on the Arab Gas Pipeline forced Egypt to shut off natural gas supplies to Israel and Jordan.
To explain today's events, he goes back to the 1950s, when the revolution of Gamal Abdel Nasser in Egypt set Arab pulses racing.
The Palestinians and their Arab allies, including Egypt and Jordan, are insisting the document be detailed and set a timetable for formal peace talks.
The election of Barack Hussein Obama made Arabs more hopeful about the U.S., but that optimism was gone when we polled several Arab nations, including Egypt, last summer.
In June I attended a roundtable discussion in Barcelona that featured more than a dozen young leaders of the Arab Spring, from Egypt, Tunisia, Algeria, Jordan, Palestine, Morocco and elsewhere.
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In the 1950s and 1960s, a wave of Arab nationalism emanating from Egypt swept over the Middle East - threatening the pro-Western monarchies such as the House of Saud with destruction.
Many Arab governments, including Egypt's, had come to regard Salafism, with its focus on Sunni orthodoxy and punctilious personal piety, as a useful foil to the more politically engaged pan-Islamism of groups such as the Muslim Brotherhood.
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The initial lustre of the government that emerged under Gamal Abdel Nasser, a pan-Arab nationalist who was both visionary reformer and stern dictator, made Egypt a model for other Arab states.
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The secretary of state then moves on to visit three of the closest US Arab allies - Jordan, Egypt and Saudi Arabia.
Egypt and its Arab allies have their reasons for keeping Gaza isolated.
As unpopular Arab presidents were toppled in Egypt and Tunisia two years ago, the king reacted with surprising speed, announcing a multi-billion-dollar package of benefits for his citizens.
The Arab League asked Jordan and Egypt to take the lead in pushing forward their newly revived peace plan, which offers a comprehensive peace agreement in exchange for Israel's withdrawal from all territories captured in 1967.
Even among the middle generation of leaders, Abol Fotoh stood out as relative progressive, his worldview broadened by trips he was able to make out of Egypt as the Arab Medical Union's secretary general (few other senior Brotherhood figure were allowed to travel out of the country).
What has changed in Egypt and in the Arab Region since 25 January 2011?
Already, tourists are cancelling trips to poor but pro-western Arab states such as Jordan and Egypt.
After his talks in Israel, Hagel planned stops in Jordan, Saudi Arabia, Egypt and the United Arab Emirates.
The defence secretary's trip is the first leg of a tour of Middle East allies, including Jordan, Saudi Arabia, Egypt and the United Arab Emirates.
Rowe Price's Africa and Middle East fund has 27.7% invested in the United Arab Emirates, 20% in Egypt, 17.1% in Qatar and 12.6% in Oman.
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