I have not had time to confirm the accuracy in these lists for each particular company, but from what I have been able to check, almost all the information is either incorrect or else it is a misleading half-truth.
GM and Suzuki, for instance did close their factories in Egypt, but that was in 2013, and they re-opened after 3 days. Nestle is a huge company with dozens of brands and works in several different sectors. There was a report about, I believe, a chocolate factory considering pulling out of Egypt, but that represents a tiny fraction of Nestle’s investment in the country.
There is a segment of the opposition that is trying to assert that the corporate-backed coup is somehow not serving the interests of the corporations; and they consider this to be a worthwhile criticism.
Obviously, it is a factually inaccurate criticism. But aside from that, it is a strange criticism to make, and it reveals the loyalties and priorities of this particular segment of the opposition; “the multinationals are not pleased with you, therefore you are a failure”. Implicit in this criticism is the suggestion that if this group were in power instead of Sisi, the multinationals would be more thoroughly satisfied than they are now. You see, it is taken as a given that pleasing the global owners of capital is the central function of government.
