Latest news with #OmarMehanna
Egypt Today
26-05-2025
- Business
- Egypt Today
$25B of US investment in Egypt, mostly petroleum sector
Petroleum Industries in Egypt - FILE CAIRO - 22 May 2025: Omar Mehanna, Chairman of the Egyptian-American Business Council, said Monday the value of American assets invested in Egypt has reached $25 billion, mostly in the petroleum sector. In an interview with CNBC Arabia, he said there is growing interest from U.S. companies in renewable energy, consumer goods, and chemicals, explaining that this interest stems from a genuine desire by U.S. investors to inject new investments into the Egyptian market in the coming period. He explained that the U.S. presence in the Egyptian market is not new, but rather an extension of decades of successful partnerships. He emphasized that "most, if not all U.S. companies operating in Egypt are achieving good results, and this constitutes a strong attraction for other companies to expand and invest in Egypt." This comes as the Egyptian-U.S. Economic Forum is held in Cairo on Monday.
Egypt Today
24-05-2025
- Business
- Egypt Today
Egypt's FM, Head of American Chamber of Commerce in Cairo Discuss Preparations for Egyptian-U.S. Economic Forum
Egypt's Minister of Foreign Affairs and Emigration, Badr Abdelatty, met on Saturday with Omar Mehanna, Chairman of the American Chamber of Commerce in Cairo- May 24, 2025- press photo CAIRO – 24 May 2025 – Egypt's Minister of Foreign Affairs and Emigration, Badr Abdelatty, met on Saturday with Omar Mehanna, Chairman of the American Chamber of Commerce in Cairo, according to a statement released by the ministry. The meeting focused on enhancing economic and trade relations between Egypt and the United States, as well as finalizing preparations for the upcoming Egyptian-American Economic Forum, scheduled to be held in Cairo on May 25–26.
