Egypt's economic boom fuels consumerism, but leaves out the poor
In October, the World Bank dubbed Egypt as "World's Top Performer". It rose fast to the 126th place.
Figures for September released by the Egyptian government said growth is at 7.1%. Egypt's revenue rose as oil prices have risen, and as oil rich neighbors poured their revenue into Egypt. Foreign investment in 2006 was $5 billion, more than India.
What are the results? Rolex, BMW, and Mercedes ... Luxury items are being bought by the upper class.
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