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Cypriot MEP Hadjipantela Champions EU’s €4 Billion Aid To Egypt In High-Stakes Migration Talks

In Strasbourg this week, Cypriot MEP Michalis Hadjipantela met with Egyptian Foreign Minister Dr. Badr Abdelatty to discuss the European Union’s €4 billion Macro-Financial Assistance (MFA) package to Egypt. The meeting, held during the European Parliament’s plenary session, signals the strategic importance of EU-Egypt relations in tackling shared challenges, particularly migration.

Hadjipantela, representing DISY and the EPP as shadow rapporteur for the MFA, expressed confidence in securing parliamentary approval for the proposal. “This funding ensures Egypt’s strengthened border security while addressing migration flows to Cyprus,” he noted. He highlighted the EU’s role by saying, “Europe provides the solutions to the issues that concern Cypriot citizens.”

The MFA is a critical tool for the EU, offering financial relief to non-EU nations facing economic instability. Egypt’s case is particularly significant, with the total EU funding commitment reaching €7.4 billion for 2024–2027. These funds aim to foster economic development and enhance cooperation on migration management, reflecting the EU’s broader geopolitical strategy.

This aid package is pivotal for the EU, as it navigates the complexities of regional security and migration. Securing this financial lifeline for Egypt underpins its economic resilience and border management capabilities.

Hadjipantela’s advocacy underscores the intertwined priorities of economic development and migration control, emphasizing that Europe’s collective solutions are key to addressing these critical challenges. As the plenary vote approaches, the outcome will not only shape EU-Egypt relations but also set the tone for future European strategies in the region.

Forbes Middle East Unveils 100 Most Powerful Businesswomen Of 2025

Forbes Middle East has unveiled its much-anticipated 2025 ranking of the region’s top businesswomen, spotlighting influential leaders reshaping industries and driving meaningful transformation. The list was based on business size, individual accomplishments, leadership impact, and corporate social responsibility initiatives.

Top Spot For Hana Al Rostamani

For the third consecutive year, Hana Al Rostamani, Group CEO of First Abu Dhabi Bank (UAE’s largest bank by assets), claims the top position. In addition to retaining her position in the Forbes Middle East ranking, she was also featured on Forbes’ 2024 list of the World’s Most Powerful Women, securing the 60th position globally. Under her leadership, the bank achieved an impressive $3.5 billion in net profits and $334.8 billion in assets in the first nine months of 2024.

Rising Stars In The Top 10

Shaikha Khaled Al Bahar of NBK Group and Shaista Asif, cofounder and Group CEO of PureHealth Holding, take the second and third spots respectively, completing the top three.

The top 10 remains largely unchanged from last year, with Tayba Al Hashemi of ADNOC Offshore, Alisha Moopen of Aster DM Healthcare GCC, and Suzanne Al Anani of Dubai Aviation Engineering Projects (DAEP) making their debut in the top 10. In total, 27 new leaders have joined the list this year.

A Diverse And Powerful Group Of Women

This year’s list features 100 women from 32 sectors and 29 nationalities, underlining the diversity of talent driving the region’s progress. The banking and financial services sector leads with 25 entries, followed by healthcare and technology with nine each, and venture capital with five. Remarkably, 40% of the top 10 women are from the banking and financial services sector. Notably, Shaista Asif (PureHealth Holding) and Alisha Moopen (Aster DM Healthcare GCC) are the only non-Arab women in the top 10.

UAE Leads With 46 Leaders

The UAE continues to dominate, with 46 of the women on the list hailing from the country, solidifying its status as a global business hub. Egypt follows with 18 influential women, and Saudi Arabia claims nine entries. Egyptians lead in representation, followed by Emiratis and Lebanese women.

Empowering Women Through Initiatives

Several of the leaders have focused on upskilling and creating opportunities for women. Susana Rodriguez Puerta launched the ‘sAIdaty’ initiative in collaboration with the Dubai Business Women Council, aimed at providing 500 female council members in the UAE with AI skills. Similarly, Lamia Tazi of SOTHEMA collaborated with the Foundation for Research, Development, and Innovation in Science and Engineering to provide scholarships to PhD students from low-income backgrounds.

Click here for the full list.

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