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The rapid outbreak of COVID-19 had an impact on all businesses in different industries all over the world, but family businesses have been uniquely affected by the pandemic in terms of operations, cashflow, and losses. Family-owned businesses represent over 60 percent of Egyptian companies, according to the Egyptian Centre for Economic Studies. A separate study by law firm Al Tamimi & Co found that family businesses in Egypt contribute to the national income by around 80 percent and constitute about…
