
Egyptian Swiss Group expands into U.S. Market, showcases at Fancy Food Show 2025 in New York
Egypt ranks pasta as 10th among top food exports to the U.S., says Elsebai
Egyptian Swiss Group for Pasta, Milling, and Concentrates has taken a strategic leap toward global expansion through its participation in the Summer Fancy Food Show 2025, held in New York City from June 29 to July 1, joining 45 Egyptian companies under the coordination of the Food Export Council and the Egyptian General Organization for Exhibitions and Conferences.
Strong Egyptian Presence at a Premier Global Event
The exhibition is one of the world's largest and most prestigious events in the food and beverage industry, attracting thousands of exhibitors and buyers from across the globe. The show reflects rising global demand for premium food products with quality, diversity, and authenticity.
Elsebai: U.S. Market a Strategic Launchpad
Speaking at the event, Eng. Ahmed Elsebai, General Manager of Egyptian Swiss, stated that participation in the Fancy Food Show offers a strategic opportunity to strengthen the company's presence in the U.S. market, which he described as having 'massive purchasing power' and providing direct access to leading international buyers.
Elsebai confirmed that Egyptian Swiss holds all the necessary certifications for entering the American market, including FDA approval from the U.S. Food and Drug Administration, allowing it to export its pasta products to the U.S. The group now aims to expand exports to include sauces and concentrates following its successful market penetration in South America.
Fancy Food Show as a Gateway to Key Markets
'We see the U.S. market as one of the most important targets in our expansion strategy,' said Elsebai. 'Its size, openness to high-quality, innovative products, and the diversity of buyers make it a natural fit for our brand. The Fancy Food Show offers a perfect platform to promote our products and network directly with importers from North America, Latin America, Europe, and Asia.'
Egyptian Pasta Among Top 10 U.S. Food Imports
Elsebai pointed out that pasta ranks 10th among Egypt's top food exports to the U.S., with export values nearing $10 million in 2024. Meanwhile, tomato paste exports reached $6 million during the same period, highlighting growing demand for Egyptian food products in American markets.
The Egyptian pavilion featured a wide range of offerings including pasta, sauces, frozen vegetables, confectionery, dairy products, edible oils, olives, and pickled goods, showcasing the evolution and diversification of Egypt's food industry.
Support from Egyptian Trade Authorities
During a meeting with Minister Plenipotentiary Yehia El Wathik Bellah, Head of Egypt's Commercial Office in Washington, Elsebai praised the vital role played by the Egyptian Commercial Service in organizing high-level importer visits to the Egyptian pavilion and facilitating productive B2B engagements between U.S. and Egyptian companies.
Egypt's Food Exports to the U.S.
According to official figures, Egypt's food exports to the United States reached $322 million in 2024, with exports standing at $57 million by mid-2025, reflecting continued momentum in trade relations.
About Egyptian Swiss Group
Founded in 1995, Egyptian Swiss began operations in grain and flour trading before gradually evolving into one of Egypt's leading food manufacturing groups.
Its expansions include:
Flour mills in Assiut, Borg El Arab, and 10th of Ramadan City
A pasta factory with a production capacity of 8,000 tons per month
A sauce and concentrate factory producing 3,000 tons per month
Wheat silos with a storage capacity of 50,000 tons
The company operates with fully automated European production lines, ensuring high-quality output across all products.
Currently, over 80% of its total production is exported to more than 40 countries across Africa, Asia, Europe, and Latin America.
The company received praise from Egyptian Prime Minister Mostafa Madbouly, who described Egyptian Swiss as a model of successful industrial growth, combining domestic production excellence with global market expansion.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Tahawul Tech
27 minutes ago
- Tahawul Tech
legal uncertainties Archives
"The current supply is not adequate to meet the demand from large data centres and will not be adequate in the foreseeable future". Learn more about the resulting strain on the U.S. electricity grid below. #tahawultech #DataCentres #EnergyGrid


Tahawul Tech
an hour ago
- Tahawul Tech
Cisco President outlines the biggest AI adoption mistake
Cisco's President Jeetu Patel doesn't believe in the doomsaying from other tech leaders that AI will make entry-level jobs vanish. 'I just refuse to believe that humans are going to be obsolete. It just seems like it's an absurd concept', Jeetu Patel, who's also the Chief Product Officer at AI infrastructure company Cisco, told CNN. While Patel acknowledged there will be 'growing pains where people will get disrupted,' he strongly pushed back on Anthropic CEO Dario Amodei's comments saying AI will spike unemployment to as high as 20% and eliminate half of all white-collar entry level jobs. He's one of several tech leaders that have pushed back on Amodei's narrative; others have said AI is likely to change jobs by requiring workers to adopt new skills rather than wiping out jobs completely. Still, his comments come amid a plunge in entry-level hiring and as tech giants are increasingly using AI in the workplace, raising questions about the future of work. 'Dario is a friend. We are investors in Anthropic. I have a ton of respect for what he's done. In this area though, I have a slightly different opinion on a couple of different dimensions,' Patel at Ai4, an AI conference in Las Vegas. 'I reject the notion that humans are going to be obsolete in like five years, that we're not going to have anything to do and we're going to be sitting on the beach… It doesn't make any sense.' In particular, Patel said he has a 'huge concern' with Amodei's line of thinking that AI could wipe out entry-level jobs because companies benefit from adding younger workers who often better understand new technologies. 'If you just say, 'I'm going to eradicate all entry-level jobs,' that's the stupidest thing a company can do in the long term because what you've done is you've actually taken away the injection of new perspective,' the Cisco exec said. 'A really bad strategy' Patel argued that for some jobs, having significant experience can be a 'massive liability.' For instance, he said people often hold assumptions about things that may not have worked five years ago, but do now. That's why Patel said he spends 'an enormous amount of time' with younger employees and interns. 'I learn a lot from people who've just gotten out of college because they have a fresh and unique perspective. And that perspective coupled with (my) experience makes magic happen,' Patel said. 'It would be a really bad strategy to not have early in career people and entry level people injected in your workplace.' Is AI already hurting entry-level workers? Some economists say there are early signs suggesting AI may already be depressing entry-level jobs. Even though the overall job market has been mostly healthy, the Class of 2025 faces the worst job market for new college graduates in years. For the first time since tracking started in 1980, the unemployment rate for recent graduates (those 22 to 27 years old with at least a bachelor's degree) is higher than the national unemployment rate, according to Oxford Economics. Entry-level hiring has tumbled by 23% between March 2020 and May 2025, outpacing the 18% decline in overall hiring over that span, according to data from LinkedIn. This is happening for a variety of reasons, some of them unrelated to AI. But AI does seem to be playing a role, some economists say. For instance, Oxford Economics noted that employment in two industries vulnerable to AI disruption — computer science and mathematics — has dropped by 8% since 2022 for recent graduates. By comparison, employment has little changed in those industries for older workers. 'AI is definitely displacing some of these lower-level jobs,' Matthew Martin, senior US economist at Oxford Economics, told CNN in June. 'AI can't buy you a steak dinner' Economists and AI researchers say the jobs most at risk involve repetitive tasks that can be automated, such as data input. 'The less interesting clerical jobs will go away. They will be automated. And if you don't automate, you'll go out of business,' Alan Ranger, vice president of marketing at Cognigy, told CNN on the sidelines of Ai4. Cognigy would know: It sells conversational AI agents that provide customer support for banks, airlines and other companies. Ranger said Cognigy's AI agents came to the rescue when German airline Lufthansa had to cancel every flight due to a strike in Germany earlier this year. The technology allowed Lufthansa to rebook thousands of flights per minute, he said. Ranger argued that companies won't massively lay off customer support workers because humans still need to manage the AI agents, design the software and tackle other complex issues. Yet he did concede that companies will have fewer customer support workers in the future as people leave the industry and retire, and because firms will hire for different roles. 'Account management and sales roles won't get replaced anytime soon,' Ranger said. 'An AI can't buy you a steak dinner.' Patel, the Cisco executive, said the onus is on the tech industry and society as a whole to ensure a smooth transition to superintelligent AI. 'In tech, we live in a bubble. We keep thinking, 'Oh, disruption is just part of it.' But when a steel mill worker gets disrupted, they don't become an AI prompt engineer,' he said. Patel said there is a lot of retraining and reskilling that must be done in tandem with governments and educators. 'The tech community has to actually take some responsibility for this,' he said. 'Because if we don't, you will create some level of pain in society and we want to make sure we avoid that.' Source: CNN Image Credit: Stock Image


Zawya
an hour ago
- Zawya
Markets, Trump in delicate policy dance: McGeever
(The opinions expressed here are those of the author, a columnist for Reuters.) ORLANDO, Florida - U.S. President Donald Trump has faced little opposition in his drive to rip up the global economic rule book, whether from his fellow Republicans, political opponents or institutional guard rails. The only exception has been "the market". But now even investors are holding their fire, enabling more risk to build up in the financial system. Wall Street's reaction to Trump's "Liberation Day" tariffs on April 2 was so ferocious that the president did something he had rarely done: he backed down. Trillions of dollars were wiped off the value of U.S. stocks amid a 10% nosedive from April 3-4. The only two-day selloffs since the 1930s that were bigger occurred during the Second World War, "Black Monday" in 1987, the Global Financial Crisis in 2008, and the pandemic in 2020. The stock market bottomed out on April 7 after Trump paused most of his country-specific tariffs. Wall Street has not looked back since, with the S&P 500 rebounding 35% to a new all-time high. This episode suggests that "the market" is one of the few true checks on Trump's apparent pursuit to re-shape the U.S. – and indeed the world – economy. The only problem is that the president has continued to pursue unorthodox policies in recent months - including challenging the independence of the Federal Reserve, firing statisticians and slapping tariffs on countries for non-economic reasons – and investors have failed to tap the brakes. FED PUT The so-called "Trump put" -- the idea that the president won't let the markets fall too far -- is essentially a funhouse mirror version of the famous "Fed put", the long-held belief that, in the event of a crisis, the central bank will step in to restore stability. Trump seemingly did just that in April, but it was to clean up a mess of his own making. And one could argue that it was actually investors who came to the economy's rescue by putting pressure on the president to reconsider policies considered ill-advised by most economists. Trump and markets are therefore now in a curious dance. Investors appear to believe that markets can ultimately stop Trump from pushing the envelope too far on tariffs or other policies. But as a result, investors are not over-reacting – or reacting at all – to the latest controversies around the Bureau of Labor Statistics firing, his attacks on Fed Chair Jerome Powell, his pressure on Intel's CEO to resign, or the outsized tariffs slapped on Brazil and India. This, in turn, has powered the markets to new record highs, emboldening Trump to push the envelope even further. RISK ON So even though the market has the power to rein in the president's economic policy excesses, it's not using it. Why hasn't the market pushed back? As the cliche goes, equity investors are paid to be optimistic. It's in their interest to keep the train hurtling along provided there aren't any immediate obstacles to derail it. There are, of course, a few pretty large hurdles on the horizon for the U.S. economy, including the highest tariffs since the 1930s and some of the biggest budget deficits since World War II outside of crisis periods. But until these or other issues present an immediate economic threat, markets can choose to ignore them. By under-reacting to Trump's unorthodox policies, markets may be not only delaying the day of reckoning but amplifying the potential impact. Why? Genuine economic and geopolitical paradigm shifts are underway, and investors are not pricing in the attendant risk. Nobody knows what the ultimate impact of these shifts will be, but we do know that with greater uncertainty comes greater downside risk. Yet equity volatility is currently the lowest it has been this year, and even in the bond market – not known for its optimism – volatility is the lowest in three and a half years, while U.S. corporate bond spreads are the tightest since 1998. Ultimately, the market is unlikely to call Trump's bluff until something truly unexpected or extreme hits. In the meantime, investors can justify this nonchalance by saying that corporate earnings growth is solid, AI enthusiasm is high, economic growth remains decent, unemployment is low, and consumers are still spending. Wall Street is choosing not to put on the brakes, meaning this train will continue rolling on. Whether it's heading for a collision is an open question. (The opinions expressed here are those of the author, a columnist for Reuters) (By Jamie McGeever Editing by Aidan Lewis)