GB Auto Results Support Positive View On Egypt

Egypt's largest vehicle assembler, GB Auto, has reported a doubling of sales and surge in profit for Q110, echoing BMI's view that Egypt's auto sector is on track for a recovery in 2010 and sustained strong growth for the remainder of our five-year forecast period. The results are particularly significant as CEO Raouf Ghabbour referred to the quarter as 'traditionally the slowest period of our

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