Latest news with #Šuica
Jordan News
14-04-2025
- Business
- Jordan News
EU Grants Palestinians €1.6 Billion - Jordan News
EU Grants Palestinians €1.6 Billion The European Commissioner for Middle East Affairs announced that the European Union plans to increase its financial support to the Palestinian Authority with a package worth around €1.6 billion ($1.8 billion) over the next three years. اضافة اعلان Dubravka Šuica, the EU Commissioner for the Mediterranean region, stated that the financial support will go hand-in-hand with reforms within the Palestinian Authority. 'We want them to reform themselves, because without reform they won't be strong or trustworthy enough for dialogue—not just with us, but also with Israel,' said Šuica. Her comments came ahead of the first 'high-level political dialogue' between EU foreign ministers and senior Palestinian officials, including Prime Minister Mohammad Mustafa, taking place Monday in Luxembourg. The European Union is the largest donor to the Palestinians, and EU officials hope that the Palestinian Authority, which governs the West Bank, may one day assume control over Gaza after the war between Israel and the Hamas movement ends. However, the Israeli government, led by Prime Minister Benjamin Netanyahu, has so far rejected the idea of transferring control of Gaza to the Palestinian Authority and has avoided engaging with the EU's broader goal of a two-state solution, which envisions the establishment of an independent Palestinian state. According to Šuica: €620 million will be allocated to financial support and reform of the Palestinian Authority, €576 million will go toward adaptation and recovery in the West Bank and Gaza, and €400 million will be provided as loans from the European Investment Bank, pending approval by its board of directors. She also noted that the EU has provided an average of €400 million annually in support to the Palestinian Authority over the past twelve years. 'We are now investing in the Palestinian Authority in a reliable way,' Šuica added. (Source: Reuters)
See - Sada Elbalad
14-04-2025
- Business
- See - Sada Elbalad
EU Plans to Boost Financial Aid to Palestinian Authority
Israa Farhan The European Union plans to increase its financial support to the Palestinian Authority with a new aid package worth about 1.6 billion euros ($1.8 billion) over the next three years. Dubravka Šuica, the EU Commissioner for Mediterranean Affairs, said in an interview with Reuters that the financial assistance will be closely tied to reforms within the Palestinian Authority, which has faced criticism over alleged corruption and mismanagement. Šuica emphasized that reforms are essential, noting that without internal changes, the Palestinian Authority would lack the strength and credibility needed for meaningful dialogue, not only with the EU but also with Israel. Her comments come ahead of the first high-level political dialogue between European Union foreign ministers and senior Palestinian officials, including Palestinian Prime Minister Mohammad Mustafa, taking place today in Luxembourg. The European Union remains the largest donor to the Palestinians and hopes that the Palestinian Authority, which currently governs parts of the West Bank, will eventually take over administrative responsibilities in Gaza once the ongoing conflict between Israel and Hamas ends. However, Israeli Prime Minister Benjamin Netanyahu's government has so far rejected the idea of transferring control of Gaza to the Palestinian Authority and has distanced itself from the EU's broader goal of a two-state solution that would establish an independent Palestinian state. According to Šuica, 620 million euros will be allocated for direct financial support and governance reforms, 576 million euros for adaptation and recovery projects in the West Bank and Gaza, and 400 million euros in loans from the European Investment Bank, pending approval from its board. Šuica noted that the EU's average financial support for the Palestinian Authority has been around 400 million euros annually over the past twelve years. She added that the European Union is now investing in the Palestinian Authority in a more structured and reliable way. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)
Daily News Egypt
04-03-2025
- Business
- Daily News Egypt
Al-Mashat, Šuica discuss Egypt-EU economic ties
Egypt's Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, has met with Dubravka Šuica, the EU Commissioner for Mediterranean Affairs, to discuss future economic relations between Egypt and the European Union. During the meeting, which was also attended by Angelina Eichhorst, EU Ambassador to Cairo, and officials from the European Investment Bank and the European Commission, Al-Mashat and Šuica explored avenues for strengthening the strategic partnership between Egypt and the EU. Al-Mashat welcomed Šuica to her new position and stated that the establishment of the EU Commissioner for Mediterranean Affairs 'reflects the EU's commitment to deepening relationships with Mediterranean countries based on shared development priorities and reinforcing the common destiny of the region's countries to face mutual development challenges.' Al-Mashat also said that Egypt has a crucial role in strengthening the Euro-Mediterranean partnership, citing its close ties with countries in the region. Al-Mashat highlighted the comprehensive partnership between Egypt and the EU, which marks a new phase of cooperation aimed at enhancing bilateral relations across various areas of common priority. These areas include strengthening cooperation in politics, economy, trade, security, migration, and human development. She stressed the need to implement these pillars to enhance mutual development priorities, noting that the 'positive political momentum in Egyptian-European relations elevates the development of economic and investment ties within the framework of shared economic development priorities between Egypt and the EU.' The development financing allocated within the framework of the partnership includes a total of €7.4bn to support Egypt between 2025 and 2027. The funding is intended to support economic stability, stimulate investment, and support key sectors contributing to sustainable development. Al-Mashat confirmed that the Ministry of Planning and Economic Development is coordinating with relevant ministries and authorities to design programmes and projects to be funded under the grants allocated for cooperation during the 2025-2027 period. Discussions also touched on the 'Macro-Economic Support and Budget Support Mechanism.' Al-Mashat outlined the efforts made by national authorities to implement structural reforms related to the first phase, for which the EU has provided €1bn. The meeting also included discussions on the second phase of this mechanism, valued at €4bn Euros. The meeting reviewed mechanisms for integrating the private sector into the investment system and utilising investment guarantees offered by the EU. These guarantees amount to €1.8bn under the European Fund for Sustainable Development Plus (EFSD+), which was announced during the European Investment Conference. Egypt will benefit from these funds to support sustainable development initiatives and strengthen the private sector's role in driving economic development. Al-Mashat reiterated that work is underway to launch the investment guarantee mechanism for development between Egypt and the EU, aiming to activate European investment guarantees of €1.8bn to mobilise around €5bn in investments in green transformation sectors and other shared priority areas. The meeting also touched on the ministry's efforts to empower the private sector through the 'HAFIZ' platform, which provides financial and technical support and serves as an integrated platform offering various services from development partners to the private sector, including large, small, medium enterprises, and startups. Al-Mashat referred to ongoing cooperation programs within blended financing mechanisms, providing support to various sectors. These sectors include transport infrastructure, water desalination projects, sustainable agricultural development, entrepreneurship, clean energy projects, and programs aimed at the most vulnerable groups. Regarding regional cooperation, the meeting discussed ways to enhance regional collaboration, particularly among Mediterranean basin countries, in alignment with global economic shifts, green transition, and the use of digitalisation and artificial intelligence. A number of newly funded European Commission programs were also reviewed, which Egypt could benefit from. Al-Mashat underscored the ministry's efforts to advance the government's economic and structural reform program, including governance and improving the efficiency of public investments to make room for the private sector.
Egypt Today
03-03-2025
- Business
- Egypt Today
Egypt to Receive €90 Million EU Loan to Strengthen Food Security
CAIRO – 3 March 2025: Egypt is set to receive a €90 million loan from the European Union (EU) and the European Investment Bank as part of the Egypt Food Resilience Project, according to an official statement from the European External Action Service (EEAS). The funding aims to enhance Egypt's food security through wheat purchases, reinforcing the ongoing cooperation between Egypt and the EU in addressing economic and social challenges. The announcement was made during the visit of Dubravka Šuica, the EU Commissioner for the Mediterranean, who met with President Abdel Fattah El Sisi and other senior Egyptian officials. It remains unclear whether this loan is part of the broader €7.4 billion financial package that the EU has pledged to Egypt through 2027. This larger package includes macro-financial assistance loans and €1.8 billion in additional investments under the Southern Neighborhood Economic and Investment Plan. The EU has emphasized that continued economic reforms in Egypt will be crucial for unlocking these investments, particularly in clean technology and renewable energy. Egypt previously secured €1 billion of a €5 billion macro-financial assistance package in December, with negotiations still ongoing for the remaining €4 billion, expected to be finalized by June. Šuica's visit reaffirmed the EU's commitment to supporting Egypt at this critical juncture and presented her vision for the New Pact for the Mediterranean. During her meeting with President El Sisi, discussions focused on strengthening EU-Egypt relations, expanding trade and investment, and addressing illegal immigration. They also covered regional crises, including developments in Gaza, Libya, Syria, and Sudan. In a separate meeting, Minister of Foreign Affairs Badr Abdelatty pushed for the approval of the second €4 billion assistance package and highlighted the Suez Canal Economic Zone as a key investment destination. He also emphasized Egypt's role in ensuring European energy security and its readiness to attract more European investments. Meanwhile, Prime Minister Moustafa Madbouly urged the EU to increase its financial and investment commitments, particularly in green hydrogen, renewable energy, and technology. Šuica, in response, reaffirmed the EU's dedication to deepening its strategic partnership with Egypt and highlighted ongoing efforts to enhance economic cooperation. With Egypt and the EU strengthening their collaboration, these discussions and financial agreements signal a growing economic partnership focused on food security, energy cooperation, and foreign investment. As negotiations continue, Egypt remains a key strategic partner for the EU, playing a critical role in addressing regional challenges and ensuring economic stability.
Egypt Independent
03-03-2025
- Business
- Egypt Independent
PM praises EU's role in supporting Egypt's economic growth
Prime Minister Mostafa Madbouly praised the positive momentum in Egypt-EU relations, especially since the recent upgrade of their partnership to a strategic level in March 2024. During a meeting with Dubravka Šuica, EU Commissioner for the Mediterranean, Madbouly stated that the partnership serves mutual economic, political, and security interests, especially amid regional instability. He welcomed Šuica's appointment, seeing it as a sign of the EU's commitment to deepening Mediterranean cooperation. Madbouli discussed Egypt's economic challenges, including the drop in Suez Canal revenues due to regional tensions, and called for enhanced EU support, particularly through direct investments in green hydrogen, renewable energy, and technology. He also confirmed Egypt's plans to increase graduates in key sectors like medicine, engineering, and IT, aiming to create structured labor agreements with Europe to meet workforce demands. Šuica, who had earlier met President Abdel Fattah al-Sisi and Foreign Minister Badr Abdelatty, reaffirmed Europe's commitment to strengthening ties with Egypt in trade, investment, and regional stability, noting ongoing efforts to draft a new EU-Southern Mediterranean cooperation framework. She stressed the importance of joint efforts in energy, migration management, and security, underscoring Egypt's vital role in regional peace and economic development. The meeting also tackled Egypt's Gaza reconstruction plan, developed with the Palestinian Authority, with both sides agreeing on the need for international backing to ensure successful implementation. For her part, Minister of Planning Rania Al-Mashat highlighted Egypt's economic resilience, investment climate, and commitment to green transformation, reinforcing the country's readiness to attract more EU investment in key sectors.
