President Hosni Mubarak was elected to serve his fourth term as Egyptian president in 1999. He's continued to steer Egypt in a largely pro-Western direction - despite the pressures exerted by Islamic fundamentalist sectors within the country - although tensions with Israel have been downgraded in recent years. In late 2000 Egypt signed a billion dollar deal with Lebanon and Syria to develop a pipeline to those two countries transporting Egyptian gas.
Modern History
Crippling national debt enabled British and French controllers to install themselves in 1879, and the British terminated the suzerainty that Turkey had over Egypt. During WWI Egypt aligned itself with the Allies, and shortly afterwards the British allowed the formation of a national political party - the Wafd. King Fuad I was elected head of the constitutional monarchy and for the next 30 years the British, the monarchists and the Wafdists jockeyed for power. The Arab League was founded after WWII by seven Arab countries, including Egypt, but the war had left Egypt in a shambles, and its defeat in Israel's 1948 War of Independence saw the chaos escalate. In 1952 a group of dissident military officers, led by Colonel Gamal Abdel Nasser, orchestrated a bloodless coup. The British and French were loathe to relinquish control, so they invaded. The USA and the Soviet Union joined the United Nations-deployed peacekeepers and insisted that the invaders should leave. Nasser became a hero, particularly among Arabs. Nasser attempted to unite Egypt, Syria, Yemen and later Iraq in the late 1950s, emphasising Arab unity and demonising Israel. Following months of heightening tension between Egypt and Israel, the Jewish state attacked on 5 June 1967, starting the Six Day War. Israel destroyed the Egyptian air force, captured Sinai and closed the Suez Canal. Anwar Sadat, Nasser's vice president, took over from Nasser when he died in 1970, and set about improving relations with the West. On 6 October 1973, the Jewish holiday of Yom Kippur, Egypt launched a surprise attack on the Israeli occupiers of Sinai. Its army initially beat back the much better armed Israelis; although these initial gains were later reversed, the ceasefire agreement favoured Egyptian interests. In 1977 Sadat began making peace with Israel, leading to the 1978 Camp David Agreement. Israel agreed to withdraw from Sinai, and Egypt officially recognised Israel. Many in the Arab world felt Sadat had betrayed them, and he was assassinated on 6 October 1981. Husni Mubarak, Sadat's vice president, was sworn in and has been the country's leader ever since. Mubarak has surprised many with his deft political footwork in the troubled region, improving relations with Israel and other Arab states. With the rise of fundamentalism in the Arab world, Mubarak's position has at times been precarious and he has suffered numerous attempts on his life. He sent 35,000 troops to fight against Iraq in the Gulf War, and although the war was seen as Western imperialists fighting Arabs, Egypt's commitment proved useful in improving its relations with the West. In 1992 Islamic fundamentalists began a campaign of violence and intimidation against tourists and Egyptian security forces.

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