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It describes how direct economic repercussions were soon absorbed, while inflationary pressures lingered across involved countries, with Turkey showing internal, non-Suez-driven price spirals. The analysis covers limited resumption of Suez Canal traffic, partial reopening of the Kirkuk-Banias pipeline, oil output and demand shifts, trade restoration, and increased Soviet bloc penetration.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/middle-eastern-affairs-january1958-volixno1/426575/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/middle-eastern-affairs-january1958-volixno1/426575.png","ImageObject",300,407,{"name":92,"@type":93},"Quinn Holloway","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-20","2026-09-29",true,{"@type":102,"interactionType":103,"userInteractionCount":34},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What major political event influenced the Middle East economy in 1957?","Question",{"text":112,"@type":113},"The Suez conflict strongly influenced economic conditions during 1957, with direct economic repercussions quickly overcome but leaving inflationary pressures in affected countries.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How was Suez Canal traffic and Middle East oil production affected by 1957 developments?",{"text":117,"@type":113},"Traffic resumed in April on a limited scale, and with resumption of canal operations and limited reopening of the Kirkuk-Banias pipeline, Middle East oil production could return toward full output.",{"name":119,"@type":110,"acceptedAnswer":120},"What role did Eastern bloc trade and assistance play in economic development?",{"text":121,"@type":113},"Trade with the Western countries resumed after the crisis, but continued Egypt–Syria tensions enabled intensified Soviet bloc penetration, supported by Soviet loans and economic assistance agreements—especially with Syria.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},426575,1790717148,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":34,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145},2336474466712,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","ARYGROVE COL!CG应L18RA  \nDE门       1.D  \nJANUARY,1958MIDDLE EASTECONOMY1957  \n31258  \nMiddle  \nLATINAMERICANEasternBLOC INUNITEDNATIONSAffairsUN  \nMIDDLE EASTRESOLUTIONS  \nPUBLISHED BY  \ncOUNCIL FOR MIDDLE EASTERN AFFAIRS,INC.NEW YORK,N.Y.VOL.IX,NO.1  \nCOUNCIL FORMIDDLE EASTERN AFFAIRS,Inc.  \nBOARD OF DIRECTORS  \nDR.WILLIAM F.ALBRIGHTDR.OSCAR I.JANOWSKYDR.I.B.BERKSONDR.MoSHE PERLMANNDR.GEORGE S.CoUNTSTHE VERY REV.JAMES A.PIKEDR.TARAKNATH DASMR.LoUIS M.RABINOWITZ*MR.PATRICK E.GORMANDR.BENJAMIN SHWADRANREV.DoNALD HARRINGTON  \n·Deceased  \n\"To gather and distribute authentic and accurate in-formation concerning all aspects of the economic,religious,social,educational,cultural and political life of the MiddleEast and of each of the nations in that area of the world;to organize,sponsor,finance,participate in and cooperatewith persons,groups,and organizations doing research onany phase of life in the Middle East area.\"  \n(From Articles of Incorporation)  \nMIDDLE EASTERN AFFAIRS  \nJANUARY,1958  \nVOL.IX,NO.1  \nBenjamin Shwadran,EDITORMay Goldberg,EDITORIAL ASSISTANT  \nEDITORIAL ADVISORY BOARD  \nWilliam F.AlbrightPaul L.HannaJohns Hopkins UniversityUniversity of FloridaAlfred BonnéOscar I.JanowskyHebrew UniversityThe City College of New YorkMarcel ColombeOsman OkyarUniversity of ParisUniversity of IstanbulWalter J.FischelMoshe PerlmannUniversity of CaliforniaHarvard UniversityRichard N.FryeFranz RosenthalHarvard UniversityYale UniversityBernhard GeigerWilliam ThomsonColumbia UniversityHarvard UniversityS.D.GoiteinHarry A.WolfsonHebrew UniversityHarvard University  \nContents  \nPage  \nTHE MIDDLE EAST ECONOMY IN 1957..………………………………………………Alfred Michaelis 2LATIN AMERICA AND THE ESTABLISHMENTOF ISRAEL…………  ……………………  ……………………   ……………Edward B.Glick 11  \nDOCUMENTS  \nRESOLUTIONS ADOPTED BY UNITED NATIONS  \nGENERAL ASSEMBLY ………    ……  …………………………  ……  16  \nUnited Nations Emergency Force;Algeria;PalestineArab Refugees;Suez Canal Clearance  \nBOOK REVIEWS  \nRamsaur:The Young Turks.Prelude to theRevolution of 1908,reviewed by ……     ……………………………Kerim K.Key 19  \nBloomfield:Egypt,Israel and The Gulf of  \nAqaba in International Law,reviewed by ……   ………    ……………………0.J.Lissitzyn 20  \nKaplan:Ha'emet al Ba'ayat Ha'peletim Ha'arveem(Hebrew:The Truth about the Arab Refugee Problem),  \nreviewed by…………………………………………………   …Shlomo Marenof 21  \nLuke:Cyprus.A Portrait and an Appreciation,reviewed by ……             ……  …………………  …  ………………Dwight E.Lee 22  \n23  \nBIBLIOGRAPHY…  …………………………………  \n…………………………………  \nCHRONOLOGY  \n37  \nNovember 16—December 15,1957 ………………………  \nIndexed in International Index and Public Affairs Information Service  \nPublished monthly by Council for Middle Eastern Affairs,Inc.,432 Fourth Ave.,New York 16,N.Y.Editorial offices,2061 Belmont Avenue,Elmont,N.Y.  \nSubscription $5.00 a year;single copies 50c,double copies $1.00  \nVol.IX,No.1,Copyright 1958,Council for Middle Eastern Affairs,Inc.  \nPrinted in U.S.A.  \nThe Middle East Economy in 1957  \nBy Alfred Michaelis  \nTHE economic development of the Middle East during the past year,1957,continued to be strongly influenced by political conditions.Although the direct economic repercussions of the Suez conflictwere quickly overcome,they left pressures on the inflationary trends inthe countries which had been either directly or indirectly involved.Theinflationary pressures were kept under control,however,in all the MiddleEastern countries except Turkey,where spiraling prices had no connectionwith the Suez crisis but were conditioned by internal factors.Traffic inthe Suez Canal was resumed in April on a limited scale.In July,the volumeexceeded that of the same month of the preceding year,the last normalmonth before nationalization.With the resumption of Canal traffic andthe reopening of the Kirkuk-Banias pipeline on a limited basis(it is oper-ating at about 40 per cent of capacity)it was possible to bring Middle Eastoil production back into full swing and to satisfy the oil requirements ofWestern Europe and other","cbCaiqKkn1dOE158","https://ap.wps.com/l/cbCaiqKkn1dOE158","pdf",2507188,52,"English","# The Middle East Economy in 1957\n# Latin America and the Establishment of Israel\n# Documents\n## Resolutions adopted by United Nations General Assembly\n# Book Reviews\n# Bibliography\n# Chronology","[{\"question\":\"What major political event influenced the Middle East economy in 1957?\",\"answer\":\"The Suez conflict strongly influenced economic conditions during 1957, with direct economic repercussions quickly overcome but leaving inflationary pressures in affected countries.\"},{\"question\":\"How was Suez Canal traffic and Middle East oil production affected by 1957 developments?\",\"answer\":\"Traffic resumed in April on a limited scale, and with resumption of canal operations and limited reopening of the Kirkuk-Banias pipeline, Middle East oil production could return toward full output.\"},{\"question\":\"What role did Eastern bloc trade and assistance play in economic development?\",\"answer\":\"Trade with the Western countries resumed after the crisis, but continued Egypt–Syria tensions enabled intensified Soviet bloc penetration, supported by Soviet loans and economic assistance agreements—especially with Syria.\"}]","MIDDLE EASTERN AFFAIRS - JANUARY,1958 - VOL.IX,NO.1 | PDF",1790640995,131]