The inaugural Egypt–EU Summit is taking place today, Wednesday, 22 October, in Brussels, Belgium, where President Abdel-Fattah Al-Sisi is meeting with European Council President António Costa and European Commission President Ursula von der Leyen to discuss shared interests and cooperation strategies. This summit follows the European Union–Egypt Summit held in Cairo in March 2024, which marked the launch of a Strategic and Comprehensive Partnership (2024–2027) aimed at strengthening political and economic relations between the two sides. The partnership focuses on six key areas of cooperation—political dialogue, economic stability, trade and investment, migration and mobility, security and demography, and human capital development. The partnership offers support to Egypt with a EUR 7.4 billion (EGP 408 billion) financial and investment package by the EU to bolster Egypt’s economic resilience, industrial expansion, and sustainable development. The EU’s EUR 7.4 billion (EGP 408 billion) package to Egypt (2024–2027) combines grants, concessional loans, and investments to strengthen economic stability and trade. Funds target key sectors including energy transition, food and water security, digital infrastructure, and migration management Discussions are expected to cover a broad range of topics, including the ongoing political situation in the MiddleContinue reading "Egypt-EU Summit Addresses Economic Cooperation and Regional Stability"
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