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EU approves second Egyptian budget installment
The European Commission has approved the transfer of the second installment of the Egyptian budget support package worth 1.5 billion euros, completing the total financial assistance program of 5 billion euros. This decision comes within the framework of the strategic partnership between Egypt and the European Union and reflects European confidence in Egypt's efforts to achieve economic stability and sustainable development. It also aims to enhance regional security and Egypt's pivotal role in the area. This support is part of the European Union's endeavors to bolster the Egyptian economy and promote cooperation in the fields of politics, economics, and security.
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