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)

"نستلة مصر" تؤكد استمرارها فى السوق المصريأكدت شركة نستله مصر التزامها الكامل باستراتيجيتها نحو الإستثمار وخلق المزيد م…

Posted by Nestlé Egypt on Wednesday, October 21, 2015

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.

There have been rumors stating that Intel has closed its office in Egypt. We would like to clarify that these rumors are incorrect; our offices in Cairo are fully operational and will remain as such.

Posted by Intel on Wednesday, October 21, 2015

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