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Essay

Economic system in Egypt

Essay specific features

 

Issue:

English

 

Written by:

Curtis B

 

Date added:

September 18, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 739

 

Was viewed:

6570 times

 

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Essay content:

Raouf Ghabbour, chairman of Ghabbour Group, a family business and the country's largest assembler and distributor of motor vehicles, says there are hundreds of medium-sized companies which are growing fast enough to qualify for joint-stock status within three or four years. Ghabbour Group is one of only a dozen or so unlisted private sector companies with a turnover of more than E?1bn...
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This is considered a minimum threshold for a company to launch a successful public listing. "Our turnover has been growing at about 25 per cent a year this decade," says Mr Ghabbour. "There are countless small and medium-sized companies with this kind of growth rate." Much like Orascom, Egypt's largest family-owned group, which has interests ranging from tourism to telecoms separated into several publicly listed companies, Ghabbour has been converted to the benefits of going public...
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