The European Investment Bank (EIB) has agreed on a series of measures to further boost investment in security and defence, as well as in critical raw materials.

Egypt proceeded with the announcement of 12 blocks for hydrocarbon exploration, sending messages of stability and intent to cooperate in the Eastern Mediterranean in all directions.
Ten of these are in the Mediterranean, with the first four demarcated according to the long-term trends of Egyptian foreign policy.
As reported by Kathimerini, block 1 “El Fouka” adjoins the southern side of the boundary of the Greek-Egyptian EEZ sectional agreement of August 2020, a message which is also addressed to Ankara, that considers that the Greek side of the area is within the Turkish continental shelf.
Accordingly, two blocks in the northeast of Egypt (3 in Simian and 4 in western Zor) follow the agreements that Cairo has signed with Nicosia.
However, the most interesting detail is hidden behind the announcement of the block “Burj al Arab,” which is located at an undefined point between Cyprus and the sea area south of Rhodes and Kastellorizos.
According to well-informed sources, the Egyptian Ministry of Petroleum has planned the block several miles south of the imaginary limits of the line that Ankara considers to be the dividing line of the Eastern Mediterranean between Turkey and Egypt.
It is noted that there is no demarcation agreement on this point, while Greece, Turkey, and the Republic of Cyprus have divergent views.
Also read: Egypt | Sisi’s decree delimits western EEZ borders with Libya
READ MORE
European Union | Joint White Paper for European Defence Readiness 2030
Yesterday, the High Representative for Foreign Affairs and Security Policy and the European Commission presented a White Paper…
Libya | Announcement of Licensing Round for Exploitation of Energy Resources
Libya has officially announced its first oil and gas licensing in 17 years, offering 22 areas for international auction.
IVECO DEFENCE VEHICLES – METLEN | Strategic Alliance for the Hellenic Army’s Military Truck Fleet Modernisation
METLEN and Iveco Defence Vehicles (IDV) have signed a Memorandum of Understanding (MoU), establishing an exclusive collaboration…
Prisma Electronics | Delivery of the First Systems for the FDI Frigates
Prisma Electronics has successfully delivered the first systems for the FDI frigates, having passed all rigorous acceptance…
Massive Ancient Greek Defensive Wall Unearthed in Croatia
An ancient Greek defensive wall, dating back at least 2,000 years, has been uncovered near the Adriatic coast of Croatia, the…
Airbus | Demonstration of LOAD Against Kamikaze Drones
At the “Unmanned Systems X” trade show held in Bonn, Germany, on 25-26 March, Airbus introduced its new unmanned air defence system, LOAD.
Program THORAX | The New Operational AI-Driven System for National Defence and Security
The Ministry of National Defence and the Ministry of Development and Investments have signed a contract for the THORAX programme with the project contractors…
Leonardo | PRS Receiver Achieves First Certification for Defence and Emergencies Throughout Europe
eonardo has designed, developed, and built the only receiver specifically conceived for the ultra-secure Public Regulated Service (PRS)…
