Infitah (Arabic: إنفتاح) is an Arabic word meaning "open door" and refers to Egyptian President Anwar Sadat "opening the door" to private investment in Egypt. Arabic (ar الْعَرَبيّة (informally ar عَرَبيْ) in terms of the number of speakers is the largest living member of the Semitic language Arabic (ar الْعَرَبيّة (informally ar عَرَبيْ) in terms of the number of speakers is the largest living member of the Semitic language This article is about the country of Egypt For a topic outline on this subject see List of basic Egypt topics. President is a Title leaders of Organizations companies, Trade unions universities, and countries. Investment or investing is a term with several closely-related meanings in Business management, Finance and Economics, related to saving In the years following the October War with Israel in 1973 (also known as the Yom Kippur War), Sadat brought a number of reforms to Egypt, the most famous of which was making Egypt the first Arab country to recognize Israel's sovereignty. The Yom Kippur War, Ramadan War or October War (מלחמת יום הכיפורים transliterated: Milkhemet Yom HaKipurim or מלחמת יום For a topic outline on this subject see List of basic Israel topics. Year 1973 ( MCMLXXIII) was a Common year starting on Monday (link will display full calendar of the 1973 Gregorian calendar. The Yom Kippur War, Ramadan War or October War (מלחמת יום הכיפורים transliterated: Milkhemet Yom HaKipurim or מלחמת יום The araB gene Promoter is a bacterial promoter activated by e L-arabinose binding He also instituted economic reforms that ended the domination of Egypt's economy by the public sector and encouraged both domestic and foreign investment in the private sector, a policy dubbed infitah. Economics is the social science that studies the production distribution, and consumption of goods and services. An economic system is a System that involves the production, distribution and consumption of goods and services between The public sector is the part of economic and administrative life that deals with the delivery of goods and services by and for the Government, whether national Regional In Economics, the private sector is that part of the economy which is both run for private Profit and is not controlled by the State.
After the October War, three schools of thought emerged in Egypt: the Marxists favored continuing the socialist trends that had developed in Egypt under the Soviet Union's influence, while a smaller group favored free market capitalism; prior to Sadat's election, the statists, proponents of the command economy with limited private investment, dominated the political scene. Marxism is the political philosophy and practice derived from the work of Karl Marx and Friedrich Engels. Socialism refers to a broad set of economic theories of social organization advocating state or collective ownership and administration of the Means of production and distribution The Union of Soviet Socialist Republics (USSR was a constitutionally Socialist state that existed in Eurasia from 1922 to 1991 A free market is a Market in which property rights are voluntarily exchanged at a price arranged completely by the mutual consent of sellers and buyers Capitalism is the Economic system in which the Means of production are owned by private Persons and operated for Profit and where Statism (or Etatism) is a very loose and often Derogatory term that is used to describe Specific instances of state intervention in personal social A planned economy or directed economy is an Economic system in which the Government or Workers' councils manages the Economy. Sadat's infitah policy was heavily influenced by the free-market philosophy while still retaining some socialistic elements. It was not only ideologically but also politically motivated: by aligning himself with the West and with the rich and powerful members of Egyptian society, Sadat differentiated himself from the Nasser era while at the same time securing his position in power. Gamal Abdel Nasser (جمال عبد الناصر Gamāl ‘Abd an-Nāṣir; - January 15 1918 September 28 1970) was the second President For more information, see Anwar Sadat.