EU approves $6.4bn financial support package for Egypt November 14, 2012 - 21:59 AMT PanARMENIAN.Net - The European Union has approved a 5bn-euro ($6.4bn) financial support package for Egypt, Egyptian officials say, according to BBC News. A statement by President Mohammed Mursi's office said the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) would each provide 2bn euros. The remaining 1bn euros would come from EU member states, the statement added. The announcement came after Mr Mursi held talks with the EU's foreign policy chief, Catherine Ashton, in Cairo. In a statement, the presidency said the packages was "a strong sign of the EU's support for Egypt's path to development". Representatives of some 100 of Europe's largest firms as well as European Commission members and European MPs are participating in the meetings, due to conclude later on Wednesday. Their focus is on strengthening bilateral relationships between Egypt and the European Union and deepening economic co-operation. Partner news  Top stories Bağış said Istanbul’s unique status as a “peaceful coexistence of all cultures and religions” makes it a vital player in the EU. The agent shot in self-defense in the incident, which occurred at Todashev's house, the law enforcement source said. Only three senators on the committee - Republican Ron Paul and Democrats Tom Udall and Chris Murphy - opposed the bill. If true, the exclusion of Rafsanjani and Mashaie would leave the presidential race dominated by hardline conservatives.   Partner news |  Latest news UEFA unveils new drug-testing plans  The extent of the use of performance-enhancing drugs in football was hinted at in the Operation Puerto case in Spain.Alexander Payne's “Nebraska” receives standing ovation at Cannes Bruce Dern stars as a broken elderly Nebraskan bent on traveling across country to collect what he believes is a million dollars in prize money.Yahoo acquires gaming infrastructure developer PlayerScale Yahoo has been making small acquisitions recently, sometimes apparently only for the talent the companies have.Soderbergh to direct Clive Owen in period medical drama "The Knick" "The Knick" is set in NY at the beginning of the 20th century and focuses on the groundbreaking medical staff at Knickerbocker Hospital. |
