As the Czech Arms Deal took place in September 1955, I'm guessing this had a major impact on the eventual Suez Crisis with the nationalization of the Suez Canal less than a year later in July 1956?
The link I can derive is that it led U.S.A to provide funding for the Aswan Dam as USSR looked a threat to sway Egypt to become a communist state. Then, as Nasser was neutral and other Western allies in the Middle East were not receiving aid on the same scale whilst being cooperative to the containment of communism, began getting annoyed at the size of the funding for the Dam - thus funding was was withdrawn....leading to nationalization of the canal as another source of revenue for the Dam project.
Can anyone derive any other consequences?
What did it mean for the Israeli's for instance, i.e. were they more likely to start the Suez War following the Deal?
Aside from the impact on Aswan and the Suez Crisis, the 1955 Czech arms deal accelerated a regional arms race between Egypt and Israel. The deal gave Egypt advanced weaponry like the MiG-15 and Il-28. This improvement in Egyptian military capabilities created a great deal of apprehension in both Israel and the West. Israel's Foreign Minister Moshe Sharett met with US Secretary of State Dulles in October 1955 to argue that the Czech deal made it imperative that the US supply the IDF with equivalent equipment like the F-86 and Patton tank. Dulles rejected the Israeli request and sought to deescalate tensions by treating the Czech deal as a "one shot," but this encouraged the Israelis to seek military support elsewhere. France in particular feared that Egypt would dump its older stocks of weapons into Algeria. This in turn led to greater Franco-Israeli military cooperation and arms deals. The Israelis had already sent out feelers prior to the Czech deal for advanced war material like the Dassault Ourangan, Mystere IV, and AMX-13. The French were initially apprehensive about supplying Israel with this equipment, but Egypt's acquisition of advanced arms eased fears that they were contributing to an arms race. In addition to the arms shipments, the French and Israelis began sharing intelligence and sought to coordinate their foreign policy vis a vis Egypt.
Sources
Ben-Zvi, Abraham. John F. Kennedy and the Politics of Arms Sales to Israel. Portland, OR: Frank Cass, 2002.
Crosbie, Sylvia K. A Tacit Alliance: France and Israel from Suez to the Six-Day War. Princeton: Princeton University Press, 1974.