The agreements were signed during President El-Sisi’s participation in the first-ever EU–Egypt Summit, which underscored the growing strategic partnership between Cairo and Brussels.
This will affect many companies, but most notably Apple which is famous for its tightly controlled closed systems including their Lightning charging ports
Egypt and EU leaders sign a landmark €7 billion agreement to produce green hydrogen and ammonia.
Egyptian PM lauds EU partnership, World Bank financing in bolstering economic reforms and stability.
The project was launched in November 2018 with funding of €4.12 million from EU
This marks the first of two remaining tranches under the EU’s €5 billion macro-financial assistance package.
The financing will support the development of electricity transmission infrastructure and improve the operational efficiency of the national grid.
She noted that €1.5 billion will be disbursed this month to support Egypt’s reform program, in addition to mobilizing €8 billion in investments in cooperation with President Abdel Fattah El-Sisi.
The agreement includes a €600 million loan from EIB Global, alongside €90 million in grants from the European Commission.