Final repayment of the foreign debt, which had burdened the economy since the mid-19th century. Egypt's creditors were now (at least until the late 1950s) entirely Egyptian.
Publication of the Black Book, by former Wafdist Makram Ubayd, detailing corruption within the party. The book further eroded the credibility of the Wafd among nationalists.
Signing of the Alexandria Protocol, by which Egypt committed itself to joining theARAB LEAGUE as a charter member. The decision was the culmination of a slow drift in Egyptian foreign policy toward pan-Arabism. Henceforth Egypt acted as the leading state in the Arab world.
Assassination of prime minister Ahmad Maher at the Parliament building on the same day Parliament approved a declaration of war against Germany. (See Egypt)
