PALM, Egypt’s first incentivized goal-based investment platform, has officially launched following the completion of its pre-seed funding round led by 4DX Ventures, with participation from Plus VC and a group of global angel investors, as per an emailed press release.

The Financial Regulatory Authority (FRA) has issued decisions for six companies, granting new licenses for company establishment, investment fund activities, and the formation of a factoring company.

Minister of Investment and Foreign Trade Hassan El-Khatib held a high-level meeting with the head of the Cotton Egypt Association and a number of its members to address the challenges facing Egypt’s cotton sector and explore ways to enhance its cultivation and export system.

Minister of Investment and Foreign Trade Hassan El-Khatib and German Minister for Economic Affairs and Energy Katherina Reiche agreed to support efforts to establish a German industrial zone in the SCZONE

The Egyptian government aims to attract €1 billion in new French investments by 2025, focusing on eight key sectors, bringing total French investments in the country to €8 billion.

vivo, a global leading technology company specializing in smartphone manufacturing, announced strengthening its investments and industrial operations in Egypt.

Sixth of October Development and Investment Company (SODIC) is planning to expand in the hotels sector over the coming period by launching 550 rooms in five new hotels.

The Saudi Egyptian Industrial Investment Co. (SEII) is planning to inject $30 million in new investments into Egypt during 2025.

An Egyptian-Qatari investment alliance is studying the establishment of an iron and steel factory in Qena Governorate with initial investments of up to $100 million.

Egypt received 15.7 million tourists in 2024 despite the region’s geopolitical conditions, highlighted Tourism and Antiquities Minister Sherif Fathy.

Unionaire intends to increase its investments in Egypt to $500 million in 2025, a significant increase from the $300 million invested in 2024.

The General Authority for Suez Canal Economic Zone (SCZONE) has signed contracts for two new projects worth $38 million.

Trade exchange between Egypt and Norway grew to $217 million during the first 10 months of 2024, from $204 million in the same period last year

The political and economic situation in the Middle East is facing huge challenges, Egyptian tycoon Naguib Sawiris said during the second session of the 6th Annual Hapi Conference, citing escalating events in Syria and Libya and their impact on investment.

The Egyptian government is seeking to implement more reforms in fiscal, monetary, and trade policies to create a clear and transparent investment environment, Minister of Investment and Foreign Trade Hassan El-Khatib announced during a roundtable discussion.

Minister of Investment and Foreign Trade Hassan El-Khatib has met with Mehmet Tara, Chairman of Türkiye’s ENKA, to discuss the company’s investment plans in Egypt.

Minister of Investment and Foreign Trade Hassan El-Khatib met with Hicham Elloumi, chairman of Tunisian multinational Coficab, to discuss progress on the company’s new factory in the Tenth of Ramadan City.