““country's middle class was growing at a very slow pace. By the late 1940s, around 5 per cent of the population controlled more than 65 per cent of the country's asset base (private companies and traded stocks); more than 20 per cent of all Egyptian peasants were landless while around 3 per cent of the population held around 80 per cent of all cultivated land; and foreigners continued to exert dramatic influence on the economy.””