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Unilever Sees Growth In Egypt Despite Growing Unrest In The Country

August 21, 2013: 12:00 AM EST
Unilever CEO Paul Polman said his company’s business had grown across the board in Egypt despite the ongoing unrest in the country. Other companies, such as General Motors, BASF, and Electrolux, are saying their operations have been adversely affected by the growing violence in the country, which saw its GDP grow 2 percent in the fiscal year ending June 2013 and its budget deficit widen to over 13 percent of output. Unilever said it posted double-digit growth across the Middle East and North Africa. Unilever employs 4,500 people in Egypt, which still offers enormous growth potential, the company said.
Gillian Duncan, "Unilever holds nerve over Egypt", The National, August 21, 2013, © The Abu Dhabi Media
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