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Another family firm exploiting a more favorable business climate is Nadim. Once a maker of traditional furniture for Arab oil sheiks, it is becoming a producer of modern designs for trendy European and American boutiques. CEO Adham Nadim is spearheading a strategic partnership with the government to boost Egypt's furniture exports from $200 million to $1 billion by 2010. The government lured Helmy Abouleish from his job running Sekem Group, an organic-food exporter, to head the government's Industrial Modernization Center. "Globalization is coming, whether we like it or not," says Abouleish. "Can we survive five...
...10th of Ramadan City, 34 miles northeast of Cairo, Oriental Weavers ships 70 million sq. ft. of carpets a year, yielding $280 million in revenues. Its customers include such retailers as Wal-Mart, Home Depot, Ikea and Carrefour. With 63% of the shares held by the Khamis family, the firm has a capitalization of $600 million...
...factor in the company's success, explains Khamis' daughter Farida--who, like her sister Yasmine, is a vice president of the firm--is that Oriental Weavers has been globally competitive from the start and has never relented. Khamis shattered industry standards by introducing the world's first 1 million--point carpet and created variations all the way up to 6 million point...
Fadi Ghandour, CEO of Aramex International, a company based in Amman that competes with the likes of Federal Express and DHL, didn't have oil money to back him. Ghandour founded the firm in 1982 after studying at George Washington University. His plan was to become the Middle East middleman for the big U.S. and European shipping firms...
...anyone interested in their local style scene. "You've really got to be there to get the atmosphere," says co-founder Mark Dytham, who describes the intimacy of these gatherings as "like the Internet in reverse." Dytham and partner Astrid Klein, who also run a Tokyo-based architecture firm together, devised the evenings in 2003 as a way of getting to know and share ideas with their professional peers. Three years later, and what at first seemed like a cliquey Tokyo phenomenon is now extending its reach as far afield as Shanghai, Vienna and Buenos Aires. One of the first...