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...rendering such services, Ahmed Abboud has also done himself a few good turns. At 66, he is Egypt's pharaoh of free enterprise, with properties worth (by his estimate) $60 million. He is boss of the nation's largest shipping line (the Khedi-vial Mail Line), monopolizes the sugar-refining, fertilizer and distilling industries, and also owns or controls at least ten of Egypt's most important companies, including real estate, bus line, textile and cotton-trading interests. Altogether, Ab-boud's companies supply Egypt's leading newspapers with 60% of their advertising revenues. Last...

Author: /time Magazine | Title: BUSINESS ABROAD: Pharaoh of Free Enterprise | 8/10/1953 | See Source »

...Course. Abboud built his industrial pyramid with the calm judgment of an expert manager, the intuition of a poker player, and-according to his enemies-some of the tactics of a Washington five-percenter. He has supported some governments, worked for the fall of others he didn't get along with, and was closely allied with the corrupt Wafdist Party. When the Wafdists came to power in 1951. they quashed some 140 tax evasion suits against his interests. Nevertheless, when Strongman Naguib took over last year and was asked what he intended to do about Abboud, he replied: "Give...

Author: /time Magazine | Title: BUSINESS ABROAD: Pharaoh of Free Enterprise | 8/10/1953 | See Source »

...graduate of Glasgow University and Scotland's Royal Technical College (thanks to the generosity of a family friend). Abboud went to work as a junior engineer on an Iraq irrigation project, soon tired of it. "I said to myself: 'Ahmed, you are meant to be more than an engineer.' " In World War I, he set up a contracting business of his own, landed big contracts with the British army in Damascus, picked up other odd jobs in Beirut, Bagdad and Haifa. Back in Egypt after the war, Abboud decided to buck the foreign businessmen who then monopolized...

Author: /time Magazine | Title: BUSINESS ABROAD: Pharaoh of Free Enterprise | 8/10/1953 | See Source »

...Republic of Egypt"). There to welcome the British-built vessel, along with her sister ship Mecca, to the Egyptian merchant fleet was President Mohammed Naguib. Gesturing to a dark and dapper man in a checked tropical worsted suit and red tarboosh, Naguib paid Egypt's thanks to Ahmed Abboud, "that great and capable man who has rendered so many services to his country in the economic field...

Author: /time Magazine | Title: BUSINESS ABROAD: Pharaoh of Free Enterprise | 8/10/1953 | See Source »

...Robert Abboud: Eliot; House Committee; Wrestling; Freshman "B" Football; P.B.H...

Author: NO WRITER ATTRIBUTED | Title: '51 Elects Permanent Class Committee Today | 3/2/1951 | See Source »

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