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Nestle, Intel Denounce Rumors on Exiting Egypt


Intel and Nestle issued statements today refuting false media reports that both multinationals are closing their offices in Egypt in light of the US Dollar crisis. Nestle Egypt reaffirmed its long-term commitment to the Egyptian market in a press statement published on social media.

Official statement by Nestle

Nestle published its statement online (corporate website, Facebook, and twitter)

The Nestle rumor was published by Shorouk News

Shorouk news published the rumor without verifying the news.

Intel official statement

Intel statement was only published on social media (Facebook & Twitter) denying leaving Egypt rumor but still not fulfilling as the rumors say that the company is moving it’s R&D department to India.

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