Latest news with #US-EgyptBusinessCouncil
Egypt Independent
4 days ago
- Business
- Egypt Independent
PM: State Continues Cooperation with Partners to Capitalize on Promising Chances in Energy
Prime Minister Mostafa Madbouly affirmed that the state continues to pursue its approach of maintaining cooperation with partners to ensure the best use of promising opportunities in Egypt's energy sector, serving the mutual interests of all parties. He emphasized the government's ongoing efforts to take necessary measures to ensure this. These statements came during the weekly Cabinet meeting chaired by the premier on Wednesday May 28, 2025. He highlighted the recent activities of President Abdel Fattah al-Sisi, including his meeting two days ago with the delegation of American businessmen participating in the Egypt-US Economic Forum, held in Cairo. The president also met with the president of the US Chamber of Commerce, the chairman of the US-Egypt Business Council, and the chairman of Apache Corporation, in addition to representatives of various American companies. Madbouly noted that during these meetings, President Sisi emphasized Egypt's readiness to collaborate with the US business community and investors in all areas of mutual interest. The president also expressed Egypt's aspiration to establish a US industrial zone in the Suez Canal Economic Zone, affirming the country's willingness to provide the necessary facilities to American investors. The prime minister reiterated the government's welcoming stance toward US investments, expressing its readiness to offer needed support and remove any obstacles to ensure the success of American companies and investors in Egypt. This aligns with the government's ongoing efforts to empower the private sector and broaden its role in driving economic development. In this context, Madbouly mentioned that President al-Sisi's meeting with the CEO of Shell Global, during which the president emphasized Egypt's efforts to improve the investment climate and address any challenges investors might face. He also stressed the government's keenness to honor financial commitments of companies in order to build mutual trust. The prime minister also referred to his meeting with the vice president of ExxonMobil for Exploration, noting that the government expressed its willingness to provide all possible support and incentives to the company to accelerate drilling operations in the 'Cairo' and 'Masry' concession areas. At the beginning of the Cabinet meeting, the prime minister extended his congratulations to President Sisi, the Egyptian people, members of the government, and all civil servants on the occasion of the beginning of Dhu al-Hijjah and the upcoming Eid al-Adha, praying that the blessed occasion brings prosperity and blessings to Egypt and the entire Arab and Islamic nations. In light of the upcoming Eid holiday, Madbouly emphasized the need for all state agencies and local authorities to be fully prepared, ensuring the provision of various public services during the holiday. He stressed the importance of readying parks, public gardens, tourist sites, and archaeological areas to welcome citizens during the Eid holiday, in addition to the preparedness of utilities and service departments. He underscored the continued operation of markets, exhibitions, and mobile outlets to provide essential and strategic goods to citizens at reasonable prices, particularly through the 'One-Day Market' initiative, suggesting its expansion to cover more areas across the governorates. Madbouly instructed the ministers of supply and internal trade, agriculture and land reclamation, petroleum and the governors to take all necessary measures to ensure the availability of strategic goods and petroleum products across the country especially in coastal areas with intensified daily monitoring throughout the holiday to meet citizens' needs.
Egypt Independent
6 days ago
- Business
- Egypt Independent
Sisi says Egypt is looking forward to establishing American industrial zone in Suez Canal
Egyptian President Abdel Fattah al-Sisi on Monday received a delegation of US businessmen participating in the Egyptian-US Economic Forum held in Cairo. The President expressed Egypt's readiness to cooperate with the US business community and investors in all economic fields of mutual interest, in light of US President Trump's support towards enhancing cooperation between Egyptian and American companies. Sisi affirmed that Egypt looked forward to establishing a US industrial zone in the Suez Canal Economic Zone and emphasized that Egypt was ready to provide all the necessary facilities to American investors. The delegation was headed by CEO and President of the US Chamber of Commerce Suzanne Clark, and the Chairman of the US-Egypt Business Council and CEO of Apache Corporation John Christmann. The Spokesperson for the Egyptian Presidency, Mohamed al-Shennawy, said the President first met with Clark and Christmann before being joined by the members of the delegation. President Sisi noted that investing in Egypt is a promising opportunity for any investor, as it enjoys both political and societal stability based on the awareness of citizens and their resilience in enduring the major and harsh economic reforms that were implemented to achieve public interest, and in light of the difficult political circumstances that the region is experiencing and their ensuing repercussions. Egypt is looking forward to becoming a major industrial hub for American industries, and seeks to also serve as a large market and gateway to the Arab region and the African continent, owing to the strong ties Egypt shares with the continent's countries. Fruitful US cooperation Clark noted that the delegation's visit to Egypt confirms the strength and solidity of the strategic alliance between Egypt and the USA. She explained that American companies operating in Egypt have achieved significant successes and contributed to the development process in Egypt, and are considered a model to be emulated in the success of cooperation between the two countries, similar to the Apache Corporation. This was highly valued by President Sisi, who expressed his appreciation for the success of Apache's business in Egypt and the expansion of its scope of work. The meeting was also attended by Prime Minister Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel al-Wazir, Minister of Planning, Economic Development and International Cooperation Rania al-Mashat, Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty and Minister of Investment and Foreign Trade Hassan al-Khatib.
Daily News Egypt
6 days ago
- Business
- Daily News Egypt
Egypt's Al-Sisi meets US business leaders, promotes investment opportunities
Egyptian President Abdel Fattah Al-Sisi met with a US business delegation in Cairo on Monday, discussing enhanced economic cooperation and investment opportunities, the Egyptian presidency said. The delegation, participating in the US-Egypt Policy Leaders Forum, was headed by Suzanne Clark, President of the US Chamber of Commerce, and John Christmann, Chairperson of the US-Egypt Business Council and CEO of Apache Corporation. Egyptian officials present included Prime Minister Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat, Minister of Foreign Affairs, Emigration and Egyptian Expatriates' Affairs Badr Abdelatty, and Minister of Investment and Foreign Trade Hassan El-Khatib. The Egyptian Presidency spokesperson stated that before an expanded session, Al-Sisi held a meeting with Clark and Christmann, attended by Madbouly, El-Wazir, and Abdelatty. During this, Al-Sisi expressed 'Egypt's readiness to cooperate with the US business community and investors in all economic fields of common interest, especially with the Trump administration's directives supporting enhanced cooperation between Egyptian and US companies.' Al-Sisi stressed 'Egypt's aspiration to be a major industrial hub for American industries, being a large market and a gateway to the Arab region and the African continent, especially given Egypt's strong ties with African nations.' He also 'emphasised Egypt's aspiration to establish an American industrial zone in the Suez Canal Economic Zone, stressing that the Egyptian side is ready to provide all necessary facilities for American investors.' He noted that 'investment in Egypt is an opportunity for any investor, especially with Egypt's political stability and societal awareness 'based on citizens' consciousness and resilience in enduring harsh economic reforms implemented for the public good,' amidst the difficult regional political circumstances and their repercussions.' Clark indicated that the US business delegation's visit 'confirms the strength and solidity of the strategic alliance between Egypt and the United States.' She explained that 'American companies operating in Egypt are achieving tangible successes, contributing to Egypt's development process, and are considered a model for successful bilateral cooperation, similar to Apache Corporation.' Sisi valued this, expressing appreciation for Apache's operations in Egypt. Presidential spokesperson Mohamed El-Shennawy added that an expanded meeting with representatives of US companies followed. Al-Sisi 'welcomed them, emphasising the depth and solidity of Egyptian-US strategic relations and Egypt's keenness to enhance them in all fields serving mutual interests, especially in economic, commercial, and investment areas.' Al-Sisi pointed out that 'Egypt is a large market with ready and advanced infrastructure to receive investments, and legislative reforms have been undertaken to support efforts to attract foreign investment.' He highlighted areas like the Suez Canal Economic Zone offering facilities for foreign companies and reviewed 'the significant efforts by the Egyptian government within the economic reform programme, which has contributed to a noticeable improvement in macroeconomic indicators, enhanced productivity, and job creation.' The spokesperson mentioned Al-Sisi 'highlighted the significant opportunities available to foreign investors in Egypt, especially given Egypt's distinctive geographical location, through which it plays the role of a gateway to Arab and African markets, as well as to Europe.' Al-Sisi 'expressed a welcome for US investments, both existing and new, and stated that the state is ready to provide all necessary facilities and overcome any obstacles to ensure the success of US companies and investors in Egypt.' He also noted the state's keenness to enhance the private sector's role in development. The meeting addressed priority investment areas for Egypt, including telecommunications and information technology, artificial intelligence, medical devices and pharmaceuticals, the automotive industry, renewable energy, construction, infrastructure, and food industries, the spokesperson said. Al-Sisi 'emphasised the priority Egypt gives to localising industry.' Al-Sisi listened to interventions from US delegation members, who 'expressed their appreciation for the attention the Egyptian government pays to supporting investment and economic development,' and 'affirmed their keenness to benefit from the promising opportunities offered by the Egyptian market and economy, in a way that achieves mutual interests for both sides,' the spokesperson clarified.
Egypt Today
6 days ago
- Business
- Egypt Today
Egypt looks forward to becoming major industrial hub for American industries, President Sisi
CAIRO – 26 May 2025: Egypt's President Abdel Fattah El Sisi received a delegation of US businessmen participating in the Egyptian-US Economic Forum held in Cairo. The delegation was headed by CEO and President of the U.S. Chamber of Commerce Suzanne Clark and Chairman of the US-Egypt Business Council and CEO of Apache Corporation John J. Christmann. Also present were Prime Minister Dr. Moustafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Eng. Kamel El-Wazir, Minister of Planning, Economic Development and International Cooperation Dr. Rania Al-Mashat, Minister of Foreign Affairs, Emigration and Egyptian Expatriates Dr. Badr Abdel-Atty and Minister of Investment and Foreign Trade Eng. Hassan El-Khatib. The Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said the President first met with Ms. Clark and Mr. Christmann before being joined by the members of the delegation. The President expressed Egypt's readiness to cooperate with the American business community and investors in all economic fields of mutual interest, in light of US President Trump's support to enhancing cooperation between Egyptian and American companies. President El-Sisi affirmed that Egypt looked forward to becoming a major industrial hub for American industries, also serving as a large market and a gateway to the Arab region and the African continent, in light of the strong relations Egypt shares with the continent's countries. The President also affirmed that Egypt looked forward to establishing an American industrial zone in the Suez Canal Economic Zone and emphasized that Egypt was ready to provide all the necessary facilities to American investors, noting that investing in Egypt is an opportunity for any investor, as it enjoys both political and societal stability, based on the awareness of citizens and their resilience in enduring the major and harsh economic reforms that were implemented to achieve the public interest, in light of the difficult political circumstances that the region is experiencing and their ensuing repercussions. Clark noted that the delegation's visit to Egypt confirms the strength and solidity of the strategic alliance between Egypt and the USA. She explained that American companies operating in Egypt have achieved significant successes and contributed to the development process in Egypt, and are considered a model to be emulated in the success of cooperation between the two countries, similar to the Apache Corporation. This was highly valued by the President, who expressed his appreciation for the success of Apache's business in Egypt and the expansion of its scope of work.
See - Sada Elbalad
7 days ago
- Business
- See - Sada Elbalad
President El-Sisi Receives US Business Delegation Participating in Economic Forum
Amir Hagag President Abdel Fattah El-Sisi received today a delegation of US businessmen participating in the Egyptian-American Economic Forum held in Cairo. The delegation was headed by Susan Clark, President of the American Chamber of Commerce, and John Chrisman, President of the US-Egypt Business Council and President of Apache Corporation. The delegation was attended by Dr. Mostafa Madbouly, Prime Minister; Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport; Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation; Dr. Badr Abdel-Ati, Minister of Foreign Affairs, Immigration, and Egyptian Expatriates Affairs; and Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
