Oct 2018

U.S. Business Mission to Egypt

Egypt can play a powerful role in international communications: Minister Talaat at AmCham meeting (Ahram Online)

Egypt's Minister of Communication and Information Technology Amr Talaat said Thursday that Egypt is the second largest county in the world with an underwater communications network linking the continents of Africa, Asia and Europe, which makes it capable of playing a powerful role in the international field of communications.

Mastercard reaffirms commitment to public-private partnerships for Egypt's sustainable & diversified growth (Mastercard Press Release: Zawya)

Mastercard, a leading technology company in the global payments industry, participated in the American Chamber of Commerce’s ministerial panel meeting in Cairo as part of the U.S. business mission to Egypt. Mastercard reiterated its support of the Egyptian government’s vision to accelerate the advancements of its payment ecosystems and drive inclusive growth through innovations in the payments industry.

The Chargé d’Affaires’ Speech at the Egyptian Community Impact Session (Africa News)


Egypt asks US business delegation to invest in its social safety net programmes (Ahram Online)

Egypt’s social solidarity minister has asked representatives of a number of leading US companies to invest in its social safety programmes, describing the country as “vibrant” in terms of opportunities.

Egypt's Sisi meets with major US business delegation in Cairo (Ahram Online)

Egypt’s President Abdel-Fattah El-Sisi stressed the promotion of Egyptians’ welfare and improving living standards, executive director of the US-Egypt Business Council Steve Lutes said during an event held on the sidelines of a major US mission visit to Cairo.

Hilton presents its economic impact at the US business mission to Egypt 2018

Hilton (NYSE: HLT), a leading global hospitality company, underlined its significant positive impact on local economies during its participation in the U.S. Business Mission to Egypt 2018 held on 24-25 October. Led by the U.S. Chamber of Commerce’s U.S.-Egypt Business Council, together with AmCham Egypt, the U.S. Business Mission aims to showcase the outstanding Egyptian-U.S. business ties and U.S. companies’ commitment to further boost bilateral ties and explore new business opportunities in the local market. The Hilton delegation was headed by Mohab Ghali, Vice President of Operations, Egypt and North Africa, Hilton.

Al Sisi calls on US companies to visit Egyptian projects (Daily News Egypt)

US mission representatives met today President Abdul Fattah al-Sisi for a two-hour interview, according to head of the American Chamber of Commerce in Cairo (AmCham), Tarek Tawfik, who noted that Al-Sisi conveyed a positive message regarding the Egyptian government’s focus on investments in the coming period.

Madbouly calls on US firms to invest in SCZone (Daily News Egypt)

Prime Minister Mostafa Madbouly said that the presence of 44 US companies in Egypt, is a promising opportunity, to pump joint investments between the two countries, and boost bilateral relations.

US investors view Egypt as big market, strategic partner, gateway to Africa and the Arab region (Daily News Egypt)

Minister of Investment and International Cooperation (MIIC) Sahar Nasr said that the MIIC-affiliated Investors Services Centre has witnessed the establishment of 13,500 companies since February, with a total capital of EGP 40.4bn, according to the ministry’s statement.

Egypt's PM envisages fewer civil servants, smaller cabinet (Reuters)

Egypt’s prime minister said on Thursday he was working on a government restructuring that envisages a smaller cabinet and fewer civil servants to cut red tape and lure foreign investment.

USTDA Supports Energy Infrastructure in Egypt Creating Market Access for U.S. Companies (USTDA)

As part of this week’s U.S. Business Mission to Egypt, USTDA’s Acting Director, Thomas R. Hardy, met with Egyptian Ministers such as Minister of Petroleum and Natural Resources Tarek El Molla and with the more than 40 U.S. companies on the Business Mission, who are all working together to support mutually-beneficial commercial opportunities for both countries.