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—Voices from the Sensible Center— Interpreting the Middle
East for North Americans— Special Reports 2 U.S.-Egypt: Crumbling Alliance?—The way things are going now, the U.S. and Egypt may soon find that their interests no longer converge as much as they did. Yet the U.S. has made an enormous investment in Egypt on the assumption that it will be its major Arab partner in the search for peace in the Middle East. 4 Iran-Iraq War: The Lineup—As Iraqis and Iranians head for a showdown in their 20-month-old war, it's a good time for a refresher on just which countries are supporting which side, and how. All of them will be affected by the eventual outcome. 4 Coping With Lower Revenues—Although revenues from oil are now lower in the Gulf, there are still plenty of opportunities for foreign exporters and contractors. But U.S. businessmen face some special problems. 5 Lobby Activities—NAAA has held its tenth annual convention in Boston, providing guidance and information for its supporters in their grass-roots lobbying efforts. On the pro-Israel side, a Los Angeles businessman is said to have emerged as the principal liaison of the U.S. Jewish community with the White House. Regular Features 2 Editorial—The American Educational Trust expresses a few thoughts on two recent occurrences: a threat against the Editor of this newsletter, and a physical assault upon another person from AET. 6 Facts for Your Files—Chronology of U.S.-Middle East Relations Upcoming Events 7 Book Review—William B. Quandt chose Saudi Arabia and its problems as the subject of his most recent book in part, at least, because he believes that "few foreign policy matters deserve higher priority in Washington." He handles the complex subject concisely, lucidly and in a non-polemical tone. 8 Personality—Peter J. Tanous does not exactly fit the stereotyped image of the gray, anonymous banker who is indistinguishable from the rest of his colleagues on Wall Street. For one thing, he writes novels. For another, he is the head of the only Arab-controlled investment bank with a seat on the New York Stock Exchange.
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