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History Of Egypt : The Middle East Essay

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Egypt is the Middle East’s only authentic emerging market story, and it has the most compelling long-term potential. The costs of the revolution in terms of lost economic output, higher levels of debt and much reduced savings have been high and will continue to mount while growth remains sub-trend. However, the fundamentals that established Egypt as an attractive economy pre-revolution – its demographics, geographical position, natural resources, infrastructure and service sector needs – are intact and will begin to assert themselves when political circumstances allow. Each bank has reached its greatness in his country where its company has launched its career. In 1896, twenty private banking firms joined together to form Barclay and Company Limited in what the banking press at the time referred to as a merger of the ‘well-known Quaker firms’ but in 1901 NBE opened a branch in Khartoum. It obtained a privileged position as banker to and for the government and acted as the "semi-official" central bank.
However, the differences between BARCLAYS and NBE will be about SWOT Analysis for their internal factors as Strengths and Weaknesses and their external factors as Opportunities and Threats. Also, this essay is talking about how these global and local banks, how they started in Egypt and around the world and how far did they reach in Egypt.
Very few of the people involved in the amalgamation were still practicing Quakers, but they were quite happy to preserve the Quackery image

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