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The new infrastructure played a key role in the “boom” of the Egyptian cotton industry. [7] The American Civil war began in 1861. [8] The Egyptian cotton market boomed to fill the sudden cotton demand from the Cotton Supply Association and its many member British factories and investors.
Long-staple cotton had been invented in Cairo in the 1820s, becoming a staple of the Egyptian economy in the 19th and 20th Centuries. [5] Cotton production used 2.1 million acres for cultivation after the Second World War and by the 1980s represented the second largest export in Egypt, after crude oil. [5]
In December 2024, Egyptian authorities agreed to accelerate the divestment of state-owned companies to secure a $1.2 billion package from the IMF to improve macroeconomic stability. [ 2 ] The following is a list of key state-owned enterprises in Egypt, and a number of their subsidiaries.
This page was last edited on 8 May 2015, at 17:02 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply ...
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