EU allocates $104mn to finance Egypt's food supply

by IANS |


Cairo, June 16 (IANS) Visiting President of the European Commission Ursula von der Leyen announced that the EU has allocated 100 million euros ($104 million) in "an immediate relief" to Egypt's food crisis.

In a joint televised press conference here with Egyptian President Abdel-Fattah al-Sisi, Von der Leyen said "we stand beside Egypt in this crisis", in reference to the global grain shortage that resulted from the Russia-Ukraine war, reports Xinhua news agency.

The pledged amount to Egypt is part of a $3.13 billions allocated by the EU to the region for agriculture and irrigation programs.

She also emphasized the importance of expanding the cooperation with Egypt in the field of energy, adding that Egypt could be a model for clean energy and she supports "Egypt transferring into a regional hub for energy trade".

"We also agreed to cooperate in the field of technical and financial support and investments to develop the infrastructure for the production of green hydrogen as a source of clean energy," the Egyptian President said.

Earlier on Wednesday, Von der Leyen witnessed the ceremony of signing a framework agreement between the EU, Egypt and Israel to export Israeli gas to Europe via Egypt.



 

Latest News
Rajasthan Cong seeks NIA probe into BJP's alleged links with terrorists Tue, Jul 05, 2022, 04:30 PM
Will BJP respect 5-term Jalalpore MLA's wishes and renominate him? Tue, Jul 05, 2022, 04:29 PM
Congress raises pitch on PSI recruitment scam in Karnataka, BJP hits back Tue, Jul 05, 2022, 04:17 PM
ACB conducts raids on Oppn leader Siddaramaiah's right hand man in K'taka Tue, Jul 05, 2022, 04:16 PM
Proposal sent to rename wards in Ayodhya after Kalyan Singh, Ashok Singhal Tue, Jul 05, 2022, 04:06 PM
David Warner's wife fumes over life-time ban on husband from taking up leadership role in Australia Tue, Jul 05, 2022, 03:55 PM
'Chalk and cheese': Stark contrast in Rishabh Pant's batting in red and white-ball cricket Tue, Jul 05, 2022, 03:44 PM
Juvenile held in Delhi for raping 12-year-old kin Tue, Jul 05, 2022, 03:27 PM
Sudanese leader says military to stay out of political talks Tue, Jul 05, 2022, 03:22 PM
Kerala Minister Saji Cherian criticises Constitution, rtd judge seeks resignation Tue, Jul 05, 2022, 03:20 PM
Palestine rejects results of US probe on Al Jazeera journo's killing Tue, Jul 05, 2022, 03:15 PM
The Ukraine war shapes a new world order - unipolarity crumbles to give way to multipolarity-Part 2 Tue, Jul 05, 2022, 03:04 PM
India were disappointing and timid to say the least on Day 4, says Shastri Tue, Jul 05, 2022, 02:49 PM
Elderly couple found murdered in Kanpur Tue, Jul 05, 2022, 02:44 PM
India has to limit loan Tue, Jul 05, 2022, 02:34 PM