The European Parliament has approved the release of the second €4 billion tranche in a broader €7.4 billion financial aid package for Egypt, marking a significant step in reinforcing the EU’s strategic partnership with the North African country. This follows the first €1 billion tranche, disbursed earlier in January under the same arrangement. This funding aims to aid Egypt in addressing its economic challenges while recognizing its key role in regional security and stability. The Ministry emphasized that this move acknowledges the country’s efforts to promote regional stability and its vital role in the Middle East and Southern Mediterranean. The release of the second tranche is now awaiting final procedural steps within the EU, which are anticipated to take several weeks.