Egypt–Israel Peace Treaty deployment of additional Egyptian troops. This treaty was received with enormous controversy across the Arab world, where it was condemned and considered a stab in the back. The sense of outrage was particularly strong amongst Palestinians, with the leader of the Palestine Liberation Organization, Yasser Arafat, stating: "Let them sign what they like. False peace will not last". On the other hand, the treaty led both Egyptian president Anwar Sadat and Israeli prime minister Menachem Begin to share the 1978 Nobel Peace Prize for bringing peace between the two states. However, as a result of the treaty, Egypt was suspended
History of Egypt under Anwar Sadat successes restored Egyptian pride and led to peace talks with the Israelis that eventually led to Egypt regaining the entire Sinai peninsula in exchange for a peace agreement. Sadat used his immense popularity with the Egyptian people to try to push through vast economic reforms that ended the socialistic controls of Nasserism. Sadat introduced greater political freedom and a new economic policy, the most important aspect of which was the infitah or "openness". This relaxed government controls over the economy and encouraged private investment. While the reforms created a wealthy and successful upper class and a small middle class, these