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In early 1961, when the waters of the Aswan High Dam were threatening to flood the great stone pharaohs at Abu Simbel, US President John F Kennedy offered Egypt's President Gamal Abdel Nasser 10 million USD to preserve Egypt's ancient history. It was the first move by an American president to acknowledge and support the nationalistic goals of the new state and the wave of Arab nationalism. "For too long the United States had dealt with the Arab world almost…