  In this paper we make further refinements to the duality proposed between N=1
SQCD and certain string (supergravity plus branes) backgrounds, working in the
regime of comparable large number of colors and flavors. Using the string
theory solutions, we predict different field theory observables and phenomena
like Seiberg duality, gauge coupling and its running, the behavior of Wilson
and 't Hooft loops, anomalous dimensions of the quark superfields, quartic
superpotential coupling and its running, continuous and discrete anomaly
matching. We also give evidence for the smooth interpolation between higgsed
and confining vacua. We provide several matchings between field theory and
string theory computations.
