Under those agreements, Egypt will upgrade Doraleh and Eritrea’s strategic Red Sea port of Assab to increase their capacity and create berths for warships, and the scope to post small but elite military contingents, sources in Cairo told The National. <\/p>\n
Both ports lie near the Bab Al Mandeb strait, which is the southern gate to the Red Sea. Ethiopia, landlocked since Eritrea seceded in 1993 after a long civil war, relies heavily on Doraleh for trade. <\/p>\n
![\"\"](\"https:\/\/www.europesays.com\/africa\/wp-content\/uploads\/2026\/01\/GAYHQFTXQBEVVJW6NK4OHI4NXU.png\")
<\/p>\n
Egypt’s Transport Ministry, which Mr El Wazir leads, said his visit was made “within the framework of Egypt’s focus on expanding its pivotal role in the Horn of Africa region, in which Djibouti is one of its key pillars given its unique geographical location and its central role in maintaining the security of the Red Sea”. <\/p>\n
Mr El Wazir was accompanied to Djibouti by representatives of several Egyptian infrastructure companies, including at least one that specialises in ports, according to the ministry’s statement. <\/p>\n
It said companies from Djibouti and Egypt struck a partnership to develop Doraleh port, including building a solar power station and a logistics centre to serve international shipping. The statement gave no further details.<\/p>\n
The statement made no mention of Egypt’s plans to upgrade a road network leading to Doraleh, an undertaking reported by the sources in Cairo who spoke to The National last week. <\/p>\n
Egypt<\/a> has more than 2,000km of Red Sea coastline on its mainland and the Sinai Peninsula. It has repeatedly voiced strong opposition to landlocked nations such as Ethiopia gaining a territorial foothold on the Red Sea, the main maritime link between Europe, the Middle East, Asia and East Africa. <\/p>\n The discreet signing of Egypt’s agreement with Eritrea<\/a> took place during a visit to Cairo by President Isaias Afwerki in late October, according to the sources. The deal with Djibouti, which Egyptian President Abdel Fattah El Sisi visited in April, was negotiated by senior Egyptian and Djibouti officials, they said.<\/p>\n Egypt, already bound to Eritrea and Djibouti by strong political and military ties, will build infrastructure at the two ports to refuel and resupply warships from its southern fleet, including destroyers, submarines, and troop and helicopter carriers, the sources said.<\/p>\n Egypt and Ethiopia have been locked in a bitter dispute for more than a decade over the anticipated effects of a vast hydroelectric dam that Addis Ababa completed this year. <\/p>\n Egypt, which relies on the Nile for nearly all of its freshwater needs, regards the Grand Ethiopian Renaissance Dam as an existential threat, saying it will reduce its vital share of the river’s water and give Ethiopia unacceptable control over its downstream flow at times of drought. <\/p>\n Egypt and Sudan negotiated for more than a decade, without success, for Ethiopia to enter into a legally binding agreement on the operation and management of the dam. <\/p>\n Ethiopia has repeatedly reassured both countries that the dam will not harm their interests, while emphasising the project’s benefits for economic development and its sovereign right to operate it as it sees fit. <\/p>\n The gradual filling of the vast reservoir behind the dam, which took place from 2020 to last year, had little effect on Egypt’s share of Nile water, thanks to abundant rain on the Ethiopian highlands. <\/p>\n However, war-torn Sudan, which is directly downstream, has complained that Ethiopia’s failure to share real-time data on the dam’s operation has caused deadly and destructive flooding<\/a> in some of its regions. <\/p>\n Since the last round of failed negotiations two years ago, Egypt has been building up alliances and trust with Ethiopia’s neighbours such as Somalia, Djibouti \u2013 both members of the Arab League \u2013 Eritrea and Kenya, while offering technical expertise in a wide range of fields to many of the 11 Nile Basin nations. <\/p>\n Last year, Egypt began posting troops and military advisers in Somalia after the two nations signed a defence agreement<\/a>. Egypt also provided Somalia with weapons and counter-terrorism advisers to aid its fight against Al Shabab terrorist group. It also intends to take part in a new AU peacekeeping mission<\/a> in the country. <\/p>\n Jetour T1 specs<\/p>\n Engine: 2-litre turbocharged<\/p>\n Power: 254hp<\/p>\n Torque: 390Nm<\/p>\n Price: From Dh126,000<\/p>\n Available: Now<\/p>\n Getting there<\/p>\n The flights<\/p>\n Emirates and Etihad fly to Johannesburg or Cape Town daily. Flights cost from about Dh3,325, with a flying time of 8hours and 15 minutes. From there, fly South African Airlines or Air Namibia to Namibia\u2019s Windhoek Hosea Kutako International Airport, for about Dh850. Flying time is 2 hours.<\/p>\n The\u00a0stay<\/p>\n Wilderness Little Kulala offers stays from \u00a3460 (Dh2,135) per person, per night. It is one of seven Wilderness Safari lodges in Namibia; www.wilderness-safaris.com.<\/p>\n Skeleton Coast Safaris\u2019 four-day adventure involves joining a very small group in a private plane, flying to some of the remotest areas in the world, with each night spent at a different camp. It costs from US$8,335.30 (Dh30,611); www.skeletoncoastsafaris.com<\/p>\n In-demand\u00a0jobs\u00a0and\u00a0monthly\u00a0salaries Super Rugby\u00a0play-offs<\/p>\n Quarter-finals<\/p>\n \tHurricanes 35, ACT 16 Semi-finals<\/p>\n Saturday, July 29<\/p>\n \tCrusaders v\u00a0Chiefs, 12.35pm (UAE) match info<\/p>\n Southampton 0<\/p>\n Arsenal 2\u00a0(Nketiah\u00a020′, Willock 87′)<\/p>\n Red card:\u00a0Jack Stephens (Southampton)<\/p>\n Man of the match:\u00a0Rob Holding (Arsenal)<\/p>\n RESULTS<\/p>\n 5pm: Maiden (PA) Dh80,000 1,200m COMPANY%20PROFILE<\/p>\n %3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Alaan%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Parthi%20Duraisamy%20and%20Karun%20Kurien%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%247%20million%20raised%20in%20total%20%E2%80%94%20%242.5%20million%20in%20a%20seed%20round%20and%20%244.5%20million%20in%20a%20pre-series%20A%20round%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A<\/p>\n Results<\/p>\n 5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)<\/p>\n 5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami<\/p>\n 6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O\u2019Shea, Ibrahim Al Hadhrami<\/p>\n 6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O\u2019Shea, Ernst Oertel<\/p>\n 7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O\u2019Shea, Ernst Oertel<\/p>\n 7.30pm: Maiden (TB) Dh80,000 (T) 1,600m, Winner: Law Of Peace, Tadhg O\u2019Shea, Satish Seemar<\/p>\n Squads<\/p>\n India: Kohli (c), Rahul, Shaw, Agarwal, Pujara, Rahane, Vihari, Pant (wk), Ashwin, Jadeja, Kuldeep, Shami, Umesh, Siraj, Thakur<\/p>\n West Indies: Holder (c), Ambris, Bishoo, Brathwaite, Chase, Dowrich (wk), Gabriel, Hamilton, Hetmyer, Hope, Lewis, Paul, Powell, Roach, Warrican, Joseph<\/p>\n Globalization and its Discontents Revisited Score<\/p>\n Third Test, Day 1<\/p>\n New Zealand 229-7 (90 ov) New Zealand won the toss and elected to bat<\/p>\n COMPANY%20PROFILE<\/p>\n %3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20HyperPay%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202014%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Muhannad%20Ebwini%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Riyadh%2C%20Saudi%20Arabia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%2455m%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20AB%20Ventures%2C%20Amwal%20Capital%2C%20INet%2C%20Mada%20VC%2C%20Mastercard%2C%20SVC%3C%2Fp%3E%0A<\/p>\n Winners<\/p>\n Best\u00a0Men’s\u00a0Player\u00a0of\u00a0the\u00a0Year:\u00a0Kylian\u00a0Mbappe (PSG)<\/p>\n Maradona\u00a0Award\u00a0for\u00a0Best\u00a0Goal\u00a0Scorer\u00a0of\u00a0the\u00a0Year:\u00a0Robert\u00a0Lewandowski (Bayern\u00a0Munich)<\/p>\n TikTok\u00a0Fans\u2019\u00a0Player\u00a0of\u00a0the\u00a0Year:\u00a0Robert\u00a0Lewandowski<\/p>\n Top\u00a0Goal\u00a0Scorer\u00a0of\u00a0All\u00a0Time:\u00a0Cristiano\u00a0Ronaldo (Manchester\u00a0United)<\/p>\n Best\u00a0Women’s\u00a0Player\u00a0of\u00a0the\u00a0Year:\u00a0Alexia\u00a0Putellas (Barcelona)<\/p>\n Best\u00a0Men’s\u00a0Club\u00a0of\u00a0the\u00a0Year:\u00a0Chelsea<\/p>\n Best\u00a0Women’s\u00a0Club\u00a0of\u00a0the\u00a0Year:\u00a0Barcelona<\/p>\n Best\u00a0Defender\u00a0of\u00a0the\u00a0Year:\u00a0Leonardo\u00a0Bonucci (Juventus\/Italy)<\/p>\n Best\u00a0Goalkeeper\u00a0of\u00a0the\u00a0Year:\u00a0Gianluigi\u00a0Donnarumma (PSG\/Italy)<\/p>\n Best\u00a0Coach\u00a0of\u00a0the\u00a0Year:\u00a0Roberto\u00a0Mancini (Italy)<\/p>\n Best\u00a0National\u00a0Team\u00a0of\u00a0the\u00a0Year:\u00a0Italy\u00a0<\/p>\n Best\u00a0Agent\u00a0of\u00a0the\u00a0Year:\u00a0Federico\u00a0Pastorello<\/p>\n Best\u00a0Sporting\u00a0Director\u00a0of\u00a0the\u00a0Year:\u00a0Txiki\u00a0Begiristain (Manchester\u00a0City)<\/p>\n Player\u00a0Career\u00a0Award:\u00a0Ronaldinho<\/p>\n Race card:<\/p>\n 6.30pm: Baniyas (PA) Group 2 Dh195,000 1,400m.<\/p>\n 7.05pm: Maiden (TB) Dh165,000 1,400m.<\/p>\n 7.40pm: Handicap (TB) Dh190,000 1,200m.<\/p>\n 8.15pm: Maiden (TB) Dh165,000 1,200m.<\/p>\n 8.50pm: Rated Conditions (TB) Dh240,000 1,600m.<\/p>\n 9.20pm: Handicap (TB) Dh165,000 1,400m.<\/p>\n 10pm: Handicap (TB) Dh175,000 2,000m.<\/p>\n Moral education needed in a ‘rapidly changing world’<\/p>\n Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.<\/p>\n Alanood Al Kaabi, head of programmes at the\u00a0Education Affairs Office of the Crown Price Court – Abu Dhabi, said: “The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.<\/p>\n “Moral education touches on every aspect and subject that children engage in.<\/p>\n “It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.<\/p>\n “The moral education programme has been\u00a0designed to develop children holistically in a world being rapidly transformed by technology and globalisation.”<\/p>\n Emergency<\/p>\n Director: Kangana Ranaut<\/p>\n Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry\u00a0<\/p>\n Rating: 2\/5<\/p>\n 2025 Fifa Club World Cup groups<\/p>\n Group A: Palmeiras, Porto, Al Ahly, Inter Miami.<\/p>\n Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.<\/p>\n Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.<\/p>\n Group D: Flamengo, ES Tunis, Chelsea, Leon.<\/p>\n Group E: River Plate, Urawa, Monterrey, Inter Milan.<\/p>\n Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.<\/p>\n Group G: Manchester City, Wydad, Al Ain, Juventus.<\/p>\n Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.<\/p>\n The Penguin<\/p>\n Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz<\/p>\n Creator: Lauren LeFranc<\/p>\n Rating: 4\/5<\/p>\n Groom and Two Brides<\/p>\n Director: Elie Semaan<\/p>\n Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla<\/p>\n Rating: 3\/5<\/p>\n Ten tax points to be aware of in 2026 <\/p>\n 1. Domestic VAT refund amendments: request your refund within five years<\/p>\n If a business does not apply for the refund on time, they lose their credit.<\/p>\n 2. E-invoicing in the UAE<\/p>\n Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.\u00a0<\/p>\n 3. More tax audits<\/p>\n Tax authorities are increasingly using data already available across multiple filings to identify audit risks.\u00a0<\/p>\n 4. More beneficial VAT and excise tax penalty regime<\/p>\n Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.<\/p>\n 5. Greater emphasis on statutory audit<\/p>\n There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.<\/p>\n 6. Further transfer pricing enforcement<\/p>\n Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.\u00a0<\/p>\n 7. Limited time periods for audits<\/p>\n Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.\u00a0<\/p>\n 8. Pillar 2 implementation\u00a0<\/p>\n Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE’s implementation of the OECD\u2019s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.<\/p>\n 9. Reduced compliance obligations for imported goods and services<\/p>\n Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.\u00a0<\/p>\n 10. Substance and CbC reporting focus<\/p>\n Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups\u2019 global footprints and enabling them to assess whether profits are aligned with real economic activity.\u00a0<\/p>\n Contributed by Thomas Vanhee and Hend Rashwan, Aurifer<\/p>\n Europe\u2019s rearming plan Salman Khan\u2019s father, Salim Khan, is one of Bollywood\u2019s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry\u2019s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed\u00a0duo also created the persona of the \u201cangry young man\u201d for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man\u2019s \u201chero\u201d as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father\u2019s oeuvre. Thanks dad.\u00a0<\/p>\n Dhadak<\/p>\n Director: Shashank Khaitan<\/p>\n Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana<\/p>\n Stars: 3<\/p>\n Sheer\u00a0grandeur<\/p>\n The\u00a0Owo\u00a0building\u00a0is\u00a014\u00a0storeys\u00a0high,\u00a0seven\u00a0of\u00a0which\u00a0are\u00a0below\u00a0ground,\u00a0with\u00a0the\u00a030,000\u00a0square\u00a0feet\u00a0of\u00a0amenities\u00a0located\u00a0subterranean,\u00a0including\u00a0a\u00a016-seat\u00a0private\u00a0cinema,\u00a0seven\u00a0lounges,\u00a0a\u00a0gym,\u00a0games\u00a0room,\u00a0treatment\u00a0suites\u00a0and\u00a0bicycle\u00a0storage.<\/p>\n A\u00a0clear\u00a0distinction\u00a0between\u00a0the\u00a0residences\u00a0and\u00a0the\u00a0Raffles\u00a0hotel\u00a0with\u00a0the\u00a0amenities\u00a0operated\u00a0separately.<\/p>\n","protected":false},"excerpt":{"rendered":"Egypt’s Deputy Prime Minister Kamel El Wazir concluded a milestone visit to Djibouti this week, where he finalised…\n","protected":false},"author":2,"featured_media":1882,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[1982,1983,65,1985,1984,1981,1980],"class_list":{"0":"post-1881","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethiopia","8":"tag-egypt","9":"tag-eritrea","10":"tag-ethiopia","11":"tag-foreign-desk-team","12":"tag-somalia","13":"tag-standard","14":"tag-story"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/1881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/comments?post=1881"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/1881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media\/1882"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media?parent=1881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/categories?post=1881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/tags?post=1881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nTechnology\u00a0expert\u00a0in\u00a0robotics\u00a0and\u00a0automation:\u00a0Dh20,000\u00a0to\u00a0Dh40,000\u00a0
\nEnergy\u00a0engineer:\u00a0Dh25,000\u00a0to\u00a0Dh30,000\u00a0
\nProduction\u00a0engineer:\u00a0Dh30,000\u00a0to\u00a0Dh40,000\u00a0
\nData-driven\u00a0supply\u00a0chain\u00a0management\u00a0professional:\u00a0Dh30,000\u00a0to\u00a0Dh50,000\u00a0
\nHR\u00a0leader:\u00a0Dh40,000\u00a0to\u00a0Dh60,000\u00a0
\nEngineering\u00a0leader:\u00a0Dh30,000\u00a0to\u00a0Dh55,000\u00a0
\nProject\u00a0manager:\u00a0Dh55,000\u00a0to\u00a0Dh65,000\u00a0
\nSenior\u00a0reservoir\u00a0engineer:\u00a0Dh40,000\u00a0to\u00a0Dh55,000\u00a0
\nSenior\u00a0drilling\u00a0engineer:\u00a0Dh38,000\u00a0to\u00a0Dh46,000\u00a0
\nSenior\u00a0process\u00a0engineer:\u00a0Dh28,000\u00a0to\u00a0Dh38,000\u00a0
\nSenior\u00a0maintenance\u00a0engineer:\u00a0Dh22,000\u00a0to\u00a0Dh34,000\u00a0
\nField\u00a0engineer:\u00a0Dh6,500\u00a0to\u00a0Dh7,500
\nField\u00a0supervisor:\u00a0Dh9,000\u00a0to\u00a0Dh12,000
\nField\u00a0operator:\u00a0Dh5,000\u00a0to\u00a0Dh7,000<\/p>\n
\n\tCrusaders 17, Highlanders 0
\n\tLions 23, Sharks 21
\n\tChiefs 17, Stormers 11<\/p>\n
\n\tLions v\u00a0Hurricanes, 4.30pm<\/p>\n
Winner: Ferdous, Szczepan Mazur (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Arabian Triple Crown Round-3 Group 3 (PA) Dh300,000 2,400m
Winner: Basmah, Fabrice Veron, Eric Lemartinel
6pm: UAE Arabian Derby Prestige (PA) Dh150,000 2,200m
Winner: Ihtesham, Szczepan Mazur, Ibrahim Al Hadhrami
6.30pm: Emirates Championship Group 1 (PA) Dh1,000,000 2,200m
Winner: Somoud, Patrick Cosgrave, Ahmed Al Mehairbi
7pm: Abu Dhabi Championship Group 3 (TB) Dh380,000 2,200m
Winner: GM Hopkins, Patrick Cosgrave, Jaber Ramadhan
7.30pm: Wathba Stallions Cup Conditions (PA) Dh70,000 1,600m
Winner: AF Al Bairaq, Tadhg O\u2019Shea, Ernst Oertel<\/p>\n
Joseph E. Stiglitz
W. W. Norton & Company<\/p>\n
Pakistan<\/p>\n
\nSuspend strict budget rules to allow member countries to step up defence spending
\nCreate new “instrument” providing \u20ac150 billion of loans to member countries for defence investment
\nUse the existing EU budget to direct more funds towards defence-related investment
\nEngage the bloc’s European Investment Bank to drop limits on lending to defence firms
\nCreate a savings and investments union to help companies access capital
\nNepotism is the name of the game<\/p>\n