"Narrative Summit" Releases 2025 Recommendations to Cement Egypt's Position as a Global Tourism Destination    Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Investors postpone visits to Egypt due to political unrest
Published in Daily News Egypt on 16 - 12 - 2012


By Ahmed Salama
Business councils have been cancelling their meetings with foreign investors as a result of the political deadlock the country has found itself in and instability surrounding the Constitutional Declaration.
An Ethiopian delegation pushed back its trip to Egypt to an undetermined date, as well as a conference it was scheduled to hold entitled, “rebuilding Sinai." This came in addition to several Turkish and Qatari delegates temporarily cancelling their investments in the country, as part of a larger move by nearly all business associations to do the same.
“The ‘rebuilding Sinai' conference was cancelled because of the perpetual state of division that Egypt has found itself in, since voting on the referendum began. All parties involved agreed to push the conference back to an unnamed date," said the President of the North Sinai Investors Association, Tamer El-Shorbagi.
Ayman Eissa, President of the Egyptian-Ethiopian Business Council, said that this is not the first time that the Ethiopian delegation has cancelled its trip, and that he doesn't see the situation improving in the coming months.
“Egyptians have not been meeting with their Qatari counterparts because of a lack of stability in the country," said the Secretary General for the Council of Egyptian-Qatari Businessmen, Adel Rahouma.
Fayez Ezz El-Din, President of the Canadian Chamber of Commerce in Cairo, said that a number of companies who have gold drilling contracts in Egypt would be ready to pump money into the economy, if not for the unstable political situation. He added that these companies would renew their investments once a clear political vision has been laid out.
Ahmed Galal, representative of the Turkish MUSIAD organisation in Egypt, said that the group has postponed its “City Scape, Next Move" exhibition that was scheduled to be held December 18 of this year. He added that this is the second time the conference has been postponed, and that the political environment in Egypt has led many Turkish companies to delay their investments.


Clic here to read the story from its source.