LONDON: The European Investment Bank (EIB) and Arab Bank have signed a financing agreement of €300 million to support small and medium-sized enterprises in Jordan, Egypt, Lebanon, Morocco and the Palestinian territories.
The operation comes under the EIB’s Economic Resilience Initiative (ERI), aimed at enhancing the prospects for more resilient and inclusive growth in the region, as well as creating sustainable employment opportunities.
It also represents the first EIB’s regional credit line for small and medium businesses in the selected countries.
The EIB’s financing will be channelled by Arab Bank at rates affordable to small businesses, thereby enhancing economic growth through catalizing and accelerating private investment, the EIB said in a statement.
EU Ambassador to Jordan, Andrea Matteo Fontana, said: “The EU is supporting Jordan in its ongoing efforts to reinforce the stability and resilience of its economy. We work together with the national authorities, the civil society and the financial sector to support private sector and improve access to finance so that all segments of the population in Jordan – including women, youth and refugees — can equally pick from better and more options to improve their financial and job perspectives.”
EIB and Arab Bank sign €300 million financing agreement
EIB and Arab Bank sign €300 million financing agreement
Israeli FM urges Jews to move to Israel a week after Sydney attack
- “Today I call on Jews in England, Jews in France, Jews in Australia, Jews in Canada, Jews in Belgium: come to the Land of Israel! Come home!” Saar said
JERUSALEM: Israeli Foreign Minister Gideon Saar called on Sunday for Jews in Western countries to move to Israel to escape rising antisemitism, one week after 15 were shot dead at a Jewish event in Sydney.
“Jews have the right to live in safety everywhere. But we see and fully understand what is happening, and we have a certain historical experience. Today, Jews are being hunted across the world,” Saar said at a public candle lighting marking the last day of the Jewish festival of Hanukkah.
“Today I call on Jews in England, Jews in France, Jews in Australia, Jews in Canada, Jews in Belgium: come to the Land of Israel! Come home!” Saar said at the ceremony, held with leaders of Jewish communities and organizations worldwide.
Since the outbreak of the war in Gaza, sparked by Hamas’s unprecedented attack on Israel on October 7, 2023, Israeli leaders have repeatedly denounced a surge in antisemitism in Western countries and accused their governments of failing to curb it.
Australian authorities have said the December 14 attack on a Hanukkah event on Sydney’s Bondi Beach was inspired by the ideology of the Islamic State jihadist group.
On Tuesday, Prime Minister Benjamin Netanyahu urged Western governments to better protect their Jewish citizens.
“I demand that Western governments do what is necessary to fight antisemitism and provide the required safety and security for Jewish communities worldwide,” Netanyahu said in a video address.
In October, Saar accused British authorities of failing to take action to curb a “toxic wave of antisemitism” following an attack outside a Manchester synagogue on Yom Kippur, the holiest day in the Jewish calendar, in which two people were killed and four wounded.
According to Israel’s 1950 “Law of Return,” any Jewish person in the world is entitled to settle in Israel (a process known in Hebrew as aliyah, or “ascent“) and acquire Israeli citizenship. The law also applies to individuals who have at least one Jewish grandparent.zz
