Cisco (Nasdaq:CSCO), Coca-Cola (NYSE:KO), Nokia (NYSE:NOK), Latest to Close Offices in Egypt Over Unrest

Cisco, Coca-Cola are Nokia are the latest of a plethora of companies to close offices in Egypt until the unrest calms down, and/or security in the country improves.

Some giant banks, and other companies, have already evacuated foreign nationals from the country, while a number of companies are in the midst of doing the same. Citigroup (NYSE:C) is among those who have already evacuated non-Egyptians from the troubled nation.

Norwegian oil producer Statoil (NYSE:STO) has stopped all offshore drilling in the country until further notice.

Coca-Cola spokesman Kenth Kaerhoeg said the company won't reopen its offices until security improves.

Marc Musgrove, a spokesman for Cisco said, “We continue to stay close to our Egyptian employees, and remain prepared to respond if needed to any impact to our employees’ customers or businesses.”

Nokia spokeswoman Mona Kokkonen noted, “We have 25 people working for Nokia in Egypt and they’re working from home. We are monitoring the situation and if necessary will take action such as moving people to a safer area.” Nokia has also closed all their offices in Egypt at this time.

Coca-Cola closed Monday at $62.85, gaining $0.64, or 1.03 percent. Cisco closed at $21.15, gaining $0.22, or 1.05 percent. Nokia ended the session at $10.70, up $0.13, or 1.23 percent.