Egypt is set to receive €1.5 billion, approximately $1.72 billion, from the European Union in the coming days, as announced by Foreign Minister Badr Abdelatty.
This payment is the first of two remaining tranches from the EU's €5 billion macro-financial assistance program for Egypt. Abdelatty stated that the remaining €3 billion will be disbursed in two equal installments of €1.5 billion each, with the final tranche expected by early autumn. The EU has already provided €2 billion under this program, including an initial €1 billion in January 2025 and another €1 billion earlier this year.
This macro-financial assistance is part of a larger €7.4 billion financing package announced by the European Union in 2024, which includes €5 billion in concessional loans.
This summary was AI-generated from a story originally published by Egypt Today.
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Egypt and Türkiye have issued a warning against Israel's planned implementation of the E1 settlement project in the occupied West Bank. Egyptian Foreign Minister Badr Abdelatty and Turkish Foreign Minister Hakan Fidan stated that the project poses a serious threat to the unity of Palestinian territory, as it would separate East Jerusalem from its Palestinian surroundings and undermine geographical contiguity within the West Bank. They emphasized that such developments would further jeopardize the prospects for establishing an independent and viable Palestinian state and constitute a violation of international law. The E1 plan, which involves tenders for over 1,200 settlement homes, has faced international condemnation and is considered illegal under international law. Egypt's foreign ministry condemned the move, stressing its aim to divide the West Bank and isolate East Jerusalem, and called on the international community to act. The UK Foreign Secretary Ed Miliband also condemned the tender's publication. Additionally, Abdelatty and Fidan discussed the need to implement the US President Donald Trump’s peace plan for Gaza, urging Israel to fulfill its obligations for the first phase to pave the way for the second, which includes consolidating a ceasefire and advancing peace efforts.
Egypt, Türkiye, and Qatar have jointly condemned recent Israeli attacks in the Gaza Strip that have resulted in civilian casualties, including women and children. In a joint statement, the three countries, acting as mediators, emphasized Israel's obligation to comply with the Gaza ceasefire agreement and to avoid actions that could escalate tensions. They noted that the intensified Israeli attacks undermine regional and international efforts to implement a Comprehensive Plan to End the Gaza Conflict, which includes ongoing negotiations and a meeting between the Board of Peace and Israeli officials. The mediators highlighted renewed Israeli strikes that have killed dozens, including women and children, with specific mention of an incident where at least 10 Palestinians were killed and 15 injured. They called on the international community and the Board of Peace, led by US President Donald Trump and supported by UN Security Council Resolution 2803, to ensure ceasefire compliance and prevent further escalation. The article also mentions the Israeli military's admission of firing on a vehicle carrying five-year-old Hind Rajab in January 2024, leading to her death, and the March 2025 killing of 15 emergency and aid workers in Gaza. Despite a ceasefire from last October, Israeli forces have continued attacks. The strikes occur despite a US president's announcement of a breakthrough in peace efforts, which Israeli Prime Minister Benjamin Netanyahu reportedly rejected.