A major new investment commitment announced during President Sheikh Mohamed bin Zayed Al Nahyan’s (pictured) state visit to Berlin signals a deeper economic relationship between two countries looking for reliable partners in an increasingly uncertain world.

The United Arab Emirates has announced plans to invest an additional €40 billion in Germany, one of the most substantial signals yet that the economic relationship between Europe’s largest industrial economy and the Gulf state is entering a new phase.

The commitment, announced during President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Germany, will target sectors including industry, advanced technology, artificial intelligence, digital infrastructure and energy. Of the total, €10 billion is set to be invested in the German state of Bavaria.

The headline figure is striking. But its significance goes well beyond the amount involved.

The UAE has already invested around €34 billion in Germany. The new commitment therefore represents not simply another large capital allocation, but an attempt to deepen a relationship increasingly built around the industries and technologies that both countries see as central to their future competitiveness.

As Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Envoy of the Minister of Foreign Affairs to Germany, put it: “The UAE invests for the long term and builds partnerships that endure.”

For Germany, the fresh injection of long-term capital arrives at an important moment.

The country has formidable strengths in engineering, manufacturing, chemicals, industrial technology and applied research. Yet maintaining that industrial position is becoming ever-more expensive. Artificial intelligence, digital infrastructure, advanced manufacturing, energy systems and industrial decarbonisation all require substantial investment at a time when German companies are also confronting higher costs, geopolitical uncertainty and growing international competition.

The UAE brings a different set of strengths: investment capacity, energy expertise, digital infrastructure and commercial connections across the Gulf, Asia and Africa. The logic of the partnership is therefore not simply that one country has money while the other needs investment. It is that their economic capabilities are increasingly complementary.

This synergy is reflected in the sectors identified for the new commitment. Rather than focusing narrowly on established assets, the investment is intended to support areas expected to shape industrial competitiveness over the coming decades.

Al Jaber said the intention was to support “the industries, technologies and skilled jobs that will drive future growth and competitiveness”, while strengthening energy security and supply chains and helping German companies continue to grow internationally.

That last point matters because the relationship works in both directions.

Germany gives Emirati investors access to one of the world’s deepest industrial and technological ecosystems. German companies, meanwhile, increasingly see the UAE not simply as a domestic market but as a platform from which to reach faster-growing economies across the Middle East, Africa and Asia.

The two countries’ economic relationship has already strengthened significantly in recent years, with a number of notable examples of cooperation. Emirati investment has reached sectors including chemicals and offshore wind, while leading German companies have become increasingly embedded in the UAE economy, with bilateral trade worth more than €13 billion last year, an increase of 15% compared to the previous year.

The new €40 billion investment marks a significant new phase of this deepening relationship, and the timing of the announcement also gives it a wider geopolitical significance.

German President Frank-Walter Steinmeier captured the mood during the state visit when he observed that “the world has become a more turbulent place; old certainties are crumbling.” Against that backdrop, he argued that reliable and rational partners mattered more than ever, telling Sheikh Mohamed: “Germany is that kind of partner for you; you are that kind of partner for us.”

Those comments go to the heart of why Germany and the UAE’s economic relationship now matters far beyond the balance sheet.

Russia’s invasion of Ukraine exposed the risks created by concentrated energy dependencies for Germany and countless other countries in Europe and around the world. Conflict in the Middle East has again demonstrated the vulnerability of trade routes, energy markets and supply chains. Global competition over AI and other critical technologies has made industrial capacity a highly strategic question as well as an economic one.

Both Germany and the UAE have reasons to diversify their partnerships in response.

Germany needs capital, energy relationships, technology partnerships and access to growing markets. The UAE is seeking to diversify an economy historically built around hydrocarbons while deepening its position in advanced technology, industry and global investment.

The €40 billion investment is a powerful statement of intent and a reaffirmation of a long-standing partnership between the two countries that could transform their industrial and technological strategies for years to come.

The European Commission has adopted a Communication on a new Strategic Approach to Research and Innovation for competitive, resilient and sustainable agriculture, forestry, rural areas and food systems. This strategic document brings together two closely interlinked frameworks, to guide future research, innovation, deployment and uptake across the entire agri-food sector. These frameworks are AgRI 2040, focusing on agriculture, forestry and rural areas, and Food 2040, focusing on food systems, including fisheries and aquaculture.

The Communication aims to strengthen the agri-food innovation ecosystem from early-stage research and innovation to deployment and market uptake, and to accelerate the uptake of knowledge and innovation across the entire sector. It puts greater emphasis on users’ challenges and needs and on the delivery of real impact on the ground by bringing together multiple actors including end users, researchers and businesses, to co-create, test and demonstrate solutions in real-world settings. This will also help startups, scaleups and SMEs to move promising innovations closer to the market.  

The Communication will help turn Europe’s scientific excellence into practical solutions for farmers, foresters, rural communities, researchers, food businesses and consumers, for a more competitive, resilient and sustainable agri-food sector. It contributes to the objectives of the Vision for Agriculture and Food and the Strategy for European Life Sciences and complements the EU Bioeconomy Strategy by supporting innovation and sustainable value creation.

By developing the AgRI 2040 and Food 2040 frameworks, a common strategic approach for EU-funded R&I that enables competitive, sustainable, resilient and fair agri-food systems will be ensured. Both frameworks will be deployed under Horizon Europe 2028-2034 and relevant parts of the European Competitiveness Fund.

Agriculture and Food Commissioner Christophe Hansen said:

"Research and innovation can make a real difference to how we farm and manage our rural areas: from crops that can better withstand drought and extreme temperatures, to faster ways of detecting plant diseases, more sustainable crop protection and digital tools for smarter use of resources like water. Our task is to make sure these ideas do not stay in the laboratory, but are tested, adapted to local conditions and turned into practical solutions that can be used and scaled up. In this way, research can have a real impact on the ground, helping farmers and foresters respond to new challenges and build a more competitive, resilient and sustainable agri-food sector."

Startups, Research and Innovation Commissioner Ekaterina Zaharieva said:

"Europe is leading in science and research, but too many breakthrough solutions still struggle to reach consumers and markets. The ultimate goal is to help innovators, start-ups and businesses turn bold ideas into innovative solutions that boost competitiveness, strengthen food security, food safety, sustainability and resilience, and deliver real benefits for people and the planet. Europe can lead with confidence, unity and ambition."

The next major milestone will be the EU AgRI 2040 Conference – “Future-proofing EU Agri-Food through research and innovation”, taking place in Brussels on 24 and 25 September. Christophe Hansen, Commissioner for Agriculture and Food, and Ekaterina Zaharieva, Commissioner for Startups, Research and Innovation, will open the conference, which will bring together key stakeholders from across the agri-food sector and the research and innovation community to contribute to shaping future EU research and innovation priorities.

Background

Vision for Agriculture and Food and Life Sciences Strategy

The new Strategic Approach brings the Vision for Agriculture and Food and the Strategy for European Life Sciences together to cover agriculture, forestry, rural areas and food systems, providing long-term policy direction without prejudging the next EU budget negotiations.

The agri-food sector is strategically important for Europe’s food safety and security, jobs and skills, competitiveness and strategic autonomy. It faces increasing challenges from climate change, resource constraints, geopolitical instability, labour and skills shortages, changing consumer attitudes and global competition.

AgRI 2040 and Food 2040

AgRI 2040 will focus on agriculture, forestry and rural areas. Its eight preliminary areas of action will cover soils and agri-ecosystems, cropping and livestock systems, the bioeconomy, multifunctional forests, rural areas and stronger agri-food value chains, as well as digitalisation, artificial intelligence and robotics.

Food 2040 will focus on food systems, including fisheries and aquaculture. Its six areas of action will address place-based food systems; healthy and sustainable diets; resource efficiency and zero pollution in food systems; food environments and consumer empowerment; scaling innovations, business models and fair food systems solutions; and aquatic food.

The two frameworks are guided by six shared priorities: competitiveness, startups and scaleups; food security, resilience and preparedness; natural resources and circularity; food and feed safety, nutrition and health; fairness; and global cooperation. Common enablers include governance, technologies, and territories and communities.

Evidence and stakeholder engagement

The Commission Staff Working Document accompanying this Communication provides the evidence base for the new approach. It assesses the achievements, investments, results and implementation experience of the 2016 strategic approach to agricultural research and innovation, and the Food 2030 framework.

Stakeholder consultations highlighted the need for stronger links between research, deployment and market uptake, better alignment with users’ needs, improved monitoring and governance, and greater attention to competitiveness, resilience, sustainability, strategic autonomy, health, circularity, fairness and public trust. Their engagement will continue as AgRI 2040 and Food 2040 are implemented.

Future-proofing EU agri-food through research & innovation

Download

On 9 September, the European Group on Ethics in Science and New Technologies (EGE) released its new statement, Governing Neuro-AI: Towards an Infrastructure Approach.

Neurotechnology and artificial intelligence are increasingly converging as neurodata can be collected, combined and reused to develop AI models and applications across different contexts. This creates opportunities for healthcare, rehabilitation and scientific research, but also raises important questions for fundamental rights, democratic accountability and the public interest.

In this context, the EGE calls for a systemic and anticipatory approach to governing neuro-AI. The Statement shifts the focus from individual devices and neurodata privacy to the wider impacts of the infrastructures through which neurodata are collected, processed and reused. It also addresses questions of European technological sovereignty and public-interest infrastructures.

The EGE recommends:

1. Robust protection of neurodata: define and reinforce protections for neurodata and neurodata-derived inferences under EU data protection law
2. Responsible development of neuro-AI technologies: ensure possible development of Brain Foundation Models and related neuro-AI infrastructures
3. Strong Rights protection: ensure that individuals are protected against disproportionate control where neurodata and neurodata-derived data inferences are used in consequential contexts
4. Enhanced governance capacity: build European public-interest governance capacity for neuro-AI infrastructures
5. Comprehensive fitness check: conduct a targeted regulatory assessment of the EU framework governing neuro-AI systems

Background

Neuro-AI Infrastructures are interconnected systems through which neurodata are collected, processed and reused to create, deploy and manage AI-powered neurotechnology applications.

The European Group on Ethics in Science and New Technologies (EGE) is an independent, multi-disciplinary body of experts providing ethical advice, and its secretariat within the EC.

It is part of the Ethics Advice Mechanism (EthAM), which provides the European Commission (EC) with high quality, independent advice on all aspects of EU legislation and policies, where ethical, societal and fundamental rights issues intersect with the development of science and new technologies.

More information

Statement: Governing Neuro-AI: Towards an Infrastructure Approach

The EU welcomes Cambodia’s decision to join the Multi-party Interim Appeal Arbitration Arrangement (MPIA) for WTO members, contributing to efforts to uphold a rules-based multilateral trading system. 

With Cambodia’s participation, the MPIA now covers 62 World Trade Organization (WTO) members and 60.4% of world trade.  

The MPIA brings together participants from all continents and at different levels of development, united by a shared commitment to upholding the rules-based trading system. 

The MPIA preserves the right to appeal in trade disputes among participating WTO members, at a time when the WTO’s Appellate Body remains non-functioning. It helps ensure that disputes can continue to be resolved in an orderly and binding manner, avoiding appeals 'into the void'. 

“I welcome Cambodia to the MPIA. The arrangement plays an important role in upholding the rules-based trading system. Each new participant helps reinforce the predictability, stability and credibility of global trade rules. I encourage other WTO members to join the MPIA,” said EU Trade and Economic Security Commissioner Maroš Šefčovič. 

Background 

The MPIA was established in 2020 and has proven its effectiveness in many WTO disputes.  

Under the MPIA, appeals are heard by arbitrators randomly selected from a pool of 10 standing appeal arbitrators set up by the participating WTO members. These arbitrators are persons of recognised authority, with demonstrated expertise in law, international trade and WTO agreements.  

The MPIA is open to all WTO members as a practical tool for appeal arbitration, pending the restoration of a reformed and fully functioning WTO dispute settlement system. 

As of 1 June 2025, the MPIA has an updated pool of appeal arbitrators to ensure that appeals continue to be heard by independent arbitrators of the highest calibre. 

At the WTO Ministerial Conference that took place earlier this year, MPIA ministers stressed the importance of the MPIA for the security and predictability of the multilateral trading system.  

The current MPIA participants are Australia, Barbados, Benin, Brazil, Cambodia, Canada, China, Chile, Colombia, Costa Rica, Ecuador, the European Union (and its Member States), Guatemala, Hong Kong (China), Iceland, Japan, Liechtenstein, Macao (China), Malaysia, Mexico, Moldova, Montenegro, New Zealand, Nicaragua, Norway, Pakistan, Paraguay, Peru, the Philippines, Singapore, Switzerland, Ukraine, the United Kingdom, Uruguay and Vietnam.

More information

MC14: Supporting the rules-based multilateral trading system: the role of the MPIA

On 9 September, Biodiversa+ launched the BiodivFuture call to support innovative research on the biodiversity, socio-ecological consequences and future trajectories of novel ecosystems. Novel ecosystems are ecosystems that, often as a result of human influence, differ from those that prevailed historically in an area, and that are unlikely to return to previous conditions, with or without human intervention.

The funded research projects will produce actionable knowledge to drive nature-positive transformative change and reverse biodiversity decline. That knowledge will help sustain resilient and ecologically functioning ecosystems, thus contributing to the goals of the EU Biodiversity Strategy for 2030 and the Kunming-Montreal Global Biodiversity Framework.

With a total budget of around EUR 40 million, this call will address the causes, effects and consequences of novel ecosystems in different environments across the world, supporting high-quality research projects with holistic, systemic, and integrated approaches.

The call covers three non-mutually exclusive themes that cover key aspects of novel ecosystems: 

1. understanding the functioning of novel ecosystems
2. studying pathways to novel ecosystems
3. studying the fair and equitable sharing of biodiversity benefits in the context of novel ecosystems

Successful proposals must demonstrate significant added value at transnational level and are strongly encouraged to pursue inter- and transdisciplinary approaches, involving also non-academic stakeholders to co-produce new knowledge relevant for society.

How to apply

To be eligible for funding, transnational research consortia will have to include eligible partners from at least three different countries financially participating in the call (including from at least two EU member states or EU Associated Countries).

The complete announcement and call documents, including full eligibility and evaluation criteria, are available on the Biodiversa+ website. The Partnership also organises a general information webinar for interested researchers on 10 September 2026.

What is Biodiversa+?

Biodiversa+ is the European co-funded biodiversity partnership supporting excellent research on biodiversity with an impact for policy and society. It was jointly developed by BiodivERsA and the European Commission and was officially launched on 1 October 2021. Biodiversa+ is part of the European Biodiversity Strategy for 2030 that aims to put Europe’s biodiversity on a path to recovery by 2030. The Partnership has launched six co-funded joint research calls over the seven years of its implementation with an estimated budget of around €250 million.

European Partnerships such as Biodiversa+ bring the European Commission and private and/or public partners together to address some of Europe’s most pressing challenges through concerted research and innovation initiatives. They are a key implementation tool of Horizon Europe, and contribute significantly to achieving the EU’s political priorities. Biodiversa+ currently gathers 81 research programmers and funders and environmental policy actors from 40 European and associated countries, and aims to connect science, policy and practice for transformative change.

More information

2026-2027 Joint Call - BiodivFuture

Biodiversity research and innovation

Nature-based solutions

On 9 September, the European Commission adopted a proposal for a new Regulation to modernize and simplify the EU's public procurement framework to support effective investments in public services and infrastructure in line with the Union's policy objectives.

Drawing on extensive consultations with public buyers, businesses, trade unions, and civil society, the Commission is proposing an ambitious reform to make public procurement simpler, more flexible, and more effective. It will help complete a Single Market for public procurement, which accounts for around 15% of the EU's GDP.

Public procurement is central to both the European economy and citizens' daily lives, covering
everything from transport, infrastructure, and energy systems, to schools and health care services. The proposal is expected to deliver significant administrative annual savings of €649 million, resulting from a burden reduction of €80 million for public buyers and of €570 million for economic operators.

The proposed Public Procurement Regulation builds on the strengths of the Single Market
in four key ways.

Simpler and clearer rules
The proposed Public Procurement Act makes the rules simpler and clearer by consolidating into one directly-applicable Regulation the three existing public procurement directives and procurement provisions currently spread across sector-specific legislation. This will create a more coherent and predictable procurement framework, reducing complexity, administrative burden, and inconsistencies in how the rules are applied with three procedures instead of five currently. It will reduce complexity and inconsistency resulting from separate legislative acts and divergent national transposition choices.

The new framework gives public buyers greater flexibility, allowing negotiations with the applicant during the procedures. It encourages better market consultation, simplifies administrative procedures and allows for negotiations, making public procurement more similar to private procurement. It also introduces an innovation procedure for the development and acquisition of innovative solutions not yet available on the market. One single platform for all procurement in the EU Key to simplification and administrative burden reduction is the creation of an integrated digital procurement marketplace consisting of interconnected and interoperable member states' eProcurement platforms.

The digital marketplace will simplify and facilitate procurement for public buyers (for example, through the automatic verification of exclusion criteria). It will allow companies to take part in procurement procedures and submit tenders across the EU through any of the connected eProcurement platforms applying the ‘once-only' principle, avoiding repeated requests for information and documentation requirements. This will promote access to new business opportunities and increase the number of offers public buyers receive, maximising the potential of the single market.

The digital marketplace will moreover streamline data exchanges between member states' eProcurement systems through the creation of a unified framework for data management, thereby strengthening transparency, accountability, and anti-fraud capabilities. Stronger support for environmental, social, and innovation goals The proposal makes the Best Price-Quality Ratio (BPQR) the standard award method, with quality criteria accounting for at least 30% (50% for labour-intensive contracts), subject to a ‘comply or explain' mechanism. Contracting authorities may deviate from this approach if they explain how quality will otherwise be ensured, for example through minimum quality requirements.

Public buyers will thus have to systematically consider not only price, but also quality, including environmental, social, innovation, security and resilience, and 'European preference' considerations. Public buyers will have full discretion over which quality criteria to apply and in which proportion in individual procurement procedures, with the proposal offering practical tools to support public buyers in this. Greater security, resilience and strategic autonomy In line with the recommendations of the Draghi report, the proposal reflects the growing geopolitical importance of public procurement. It enables, and in some cases requires, public buyers to address risks related to security and public safety of the Union or member states, sensitive information, cybersecurity, and undue third-country influence.

New provisions on resilience and security of supply would apply to contracts involving entities linked to critical infrastructures and aim to support diversification of supply chains, security of supply and crisis preparedness. Finally, the Regulation introduces a horizontal European preference framework for public procurement in line with the Union's international legal obligations. It clarifies which operators and products are covered by the Union's international procurement commitments and makes this easier to check. The Commission would be able to restrict such coverage where a market access analysis establishes that a third country has failed to grant Union operators fair market access in line with its commitments, or where restrictions are needed to avoid security of supply dependencies or protect our economic security interests.

Next steps
The proposed Regulation will be negotiated by the European Parliament and the Council of the European Union before its adoption and entry into force. Background The revision was announced in President von der Leyen's Political Guidelines. It responds to long-standing shortcomings identified by the European Court of Auditors , including declining competition, limited SME and cross-border participation, and the rise of single-bid procedures. It also follows calls from the Council of the EU and the European Parliament for a strategic, simplified, and competitive framework. It also responds to the recommendations of the Draghi and Letta reports, which highlight public procurement as a strategic tool to strengthen Europe's industrial base, support innovation, advance the green and digital transitions, and reinforce economic security.

British parliamentarians, former ministers, researchers and security experts gathered at the House of Lords in London for the sixth TRENDS Annual Forum on Political Islam, focusing on Muslim Brotherhood networks in Europe, education, funding and digital influence.

The London meeting opened the first part of the forum, organized by TRENDS Global and TRENDS Research & Advisory. Proceedings will continue on September 10 at the French Senate in Paris, with a focus on legislative responses and cooperation between European and partner countries.

Opening the event, Dr. Mohammed Abdullah Al Ali, Chairman of Trends Group, argued that political Islamist movements operate across borders and can exploit the openness of democratic societies to build influence in education, media, business and the digital sphere. He stressed the distinction between Islam as a religion and Islamism as a political ideology seeking power and influence.

Dr. Khalifa Mubarak Al Dhaheri, Director of Mohammed Bin Zayed University for Humanities, focused on Britain, describing it as a longstanding centre for individuals and networks associated with the Muslim Brotherhood and political Islam. He said the organization should not be treated as representative of Muslims in Britain or elsewhere in Europe and warned that ideological loyalties placed above citizenship can create “societies within societies.”

From Education to Funding

The first session examined the Brotherhood’s ideological structures and its influence on education and younger generations. Participants also discussed the Gaza Children’s Village, established in July 2025 by Palestinian-American neurosurgeon Dr. David Hassan in cooperation with IMPACT-se, as an alternative educational model to counter incitement and extremism.

The second session turned to legislation, prevention and enforcement. Lord Walney, who moderated the discussion, urged a review of existing legal tools and warned of a “blind spot” allowing some networks and think tanks to penetrate charities and the education sector. He also advocated greater intelligence sharing and international cooperation.

Baroness Foster of Oxton addressed financial oversight, arguing for tighter scrutiny of charities, their funding and tax benefits. Former MP Daniel Kawczynski urged the Home Office to respond to parliamentary demands to ban the Muslim Brotherhood and designate it as a terrorist organization. Lady Olga Maitland warned that “soft extremism” and structures targeting young people require updated legislation.

Matthew J. Leavitt of the Labour Party described the Brotherhood as a “multi-headed beast” and urged Britain to examine evidence gathered in Austria, Germany and France. Major Jason Olson, a U.S. Navy officer and former counter-extremism official, argued that prevention should begin in schools.

Markus Sheff, CEO of IMPACT-se, identified education as the first line of defence against digital extremism, advocating critical thinking and digital literacy in school curricula.

Pressure for a UK Response

Sir Oliver Dowden, former Deputy Prime Minister and Chair of the UK-UAE Parliamentary Friendship Group, addressed the Brotherhood and its links to extremism, noting growing attention to the issue among British parliamentarians and the need for institutions to better assess potential threats to the United Kingdom.

Tom Wilson, Chairman of the Counter Extremism Group, and Dr. Alan Mendoza, Executive Director of the Henry Jackson Society, highlighted the legal and media difficulties involved in exposing front organizations. They announced the “Ban the Brotherhood” campaign and proposed using parliamentary privilege to bring evidence into the public domain.

Professor Andrew Davies of the University of Birmingham advocated carefully targeted bans on organizations that threaten social cohesion and religious pluralism. Professor David Abrahams, Senior Adviser at the Arab Global Network and former Deputy Chairman of RUSI, described political Islam as an “existential threat” while stressing the need to protect religious freedom and pluralism.

Alessandro Bertoldi, Executive Director of Italy’s Milton Friedman Institute, questioned whether a ban alone would be sufficient without confronting the Brotherhood’s operational tools. He also raised the need to monitor the use of artificial intelligence to spread its messaging.

Phil Rosenberg, President of the Board of Deputies of British Jews, advocated an international alliance against extremist ideology, noting that Muslims themselves are among its largest victims. Imam Mohammed Tawhidi, counter-extremism adviser at TRENDS, described the Brotherhood as the “parent company” of organizations including al-Qaeda, ISIS and Hamas, while stressing that the vast majority of Western Muslims reject this approach.

Measuring the Brotherhood’s Reach

TRENDS researcher Hamad Al Hosani argued that the Brotherhood increasingly operates through flexible networks and community institutions able to exploit democratic freedoms. Any response, he said, should protect national security without collectively stigmatizing Muslim communities.

Badriya Al Riyami presented figures from the 2025 Global Brotherhood Power Index. Europe ranked fourth at 17.0%, behind the Americas at 24.8%, Asia at 22.5% and Africa at 20.2%. She described Europe as an important political and media base for the organization.

Participants recommended moving beyond procedural bans by addressing networks and ideological structures, strengthening educational programs and improving capabilities to track extremist content spread through digital platforms and artificial intelligence. Citizenship and tolerance education were identified as key preventive tools.

The meeting drew a broad parliamentary and political audience, including Richard Tice, Sir Robert John Blackman, Baroness Deech, Baroness Foster of Oxton, Nadhim Zahawi, Lord Howard of Lympne, Lord Austin of Dudley, Lord Eric Pickles, Sir Michael Ellis and Sir Oliver Dowden.

Journalists attending included Marcus Donaldson of GB News, Camilla Turner of the Sunday Telegraph and Natalie Lisbona of the Daily Mail.

The forum now moves from Westminster to the French Senate, where its second part will examine legislative responses, research cooperation and measures to counter Brotherhood-linked networks while protecting religious freedom and equal citizenship.

The election of Mahnaz Maimanat (pictured) to lead the People’s Mojahedin Organization of Iran highlights more than three decades of continuous female leadership within one of Iran’s principal organised opposition movements. An important development has taken place within the Iranian democratic opposition. On 6 September, the People’s Mojahedin Organization of Iran (PMOI/MEK), the principal organized component of the National Council of Resistance of Iran (NCRI), elected Mahnaz Maimanat as its new Secretary-General, at the beginning of the organisation’s 62nd year.

The election took place through three successive rounds involving PMOI members in seven countries — France, Germany, the United Kingdom, Sweden, Switzerland, the Netherlands and Albania. In the first round, Maimanat received 56% of the votes, ahead of Badri Pourtabbakh and Narges Azdanlou. The position is for a two-year term and may be renewed by the PMOI’s Central Council. Born in Tehran in 1959, Maimanat has spent most of her adult life in the movement.

She became acquainted with the PMOI as a university student and participated in demonstrations against the Shah’s dictatorship. She joined the organization following the 1979 revolution and went on to assume a succession of senior responsibilities: she became a member of the Executive Committee in 1989, the Leadership Council in 1993, the Central Council in 2014, and co-Secretary-General in 2021. Her personal history also reflects the heavy price paid by many PMOI families under the clerical regime. Her mother, Akhtar Mowlavi, a teacher, was killed by the Revolutionary Guards in 1988.

One of her brothers, Massoud, was executed in Evin Prison at the age of 19 after months of imprisonment and torture. Another brother, Mahmoud, an architecture student, was executed during the 1988 massacre of political prisoners. The significance of the election, however, goes well beyond a change of office-holder. Mahnaz Maimanat is the tenth woman to serve as Secretary-General of the PMOI. Maryam Rajavi became the first woman to hold the organisation’s top leadership position in 1989, and for more than three decades every PMOI Secretary-General has been a woman.

Eight women succeeded Mrs Rajavi before Maimanat. This is particularly significant in the Iranian context. Within the PMOI, women’s leadership is not simply a matter of ceremonial representation or political imagery. Its female Secretaries-General have exercised real executive and organisational authority, often during extraordinarily difficult periods involving clandestine activity inside Iran, severe repression, imprisonment and executions, attacks on PMOI members, displacement from Iraq and the subsequent rebuilding of the organisation.

After assuming responsibility for leading the National Council of Resistance of Iran in 1993, Maryam Rajavi ceased to hold a formal organisational position within the PMOI. Nevertheless, she remains the most prominent political figure of the Iranian Resistance and, for many Iranians, particularly women, has become a symbol of resistance to religious fundamentalism and a pioneer of women’s equality and political leadership. This model of female leadership has also had important consequences inside Iran. Women have increasingly assumed leading responsibilities within the PMOI’s underground Resistance Units, which the movement says have played an active role in successive uprisings against the regime, including the nationwide protests of January 2026.

For young Iranian women confronting compulsory veiling, institutional discrimination and a political system that treats women as second-class citizens, the sight of women exercising genuine authority within an organised opposition movement carries considerable political and cultural significance. It also helps explain the intensity of the attacks directed against the PMOI’s leadership by the Iranian regime and, increasingly, by hardline monarchist circles. Both have devoted considerable efforts to portraying the PMOI, and particularly its female leadership, as illegitimate.

Yet the central issue is that the PMOI remains a highly organised democratic opposition movement with an extensive network inside Iran and therefore represents a serious challenge to the survival of the ruling theocracy. The election of its tenth female Secretary-General should therefore be viewed in a broader perspective. It represents more than three decades of continuous female leadership and constitutes a profound ideological and cultural challenge to Islamic fundamentalism: not simply women demanding equality, but women assuming responsibility, exercising authority and leading an organised struggle against a system built upon their discrimination and subordination.

The Yara Sluiskil plant, the largest commercial carbon capture and storage (CCS) project in Europe has started its operations in Sluikil, a village in the Zeeland province of the Netherlands.

The CO₂ will be transported by ship and permanently stored under the Norwegian North Sea at the Northern Lights facility, funded by the EU under the Connecting Europe Facility. The industrial ammonia and fertiliser facility is expected to capture and liquefy up to 800 000 tons of CO₂ annually from ammonia production.

This cross-border project is a direct result of the EU-Norway Green Alliance signed in 2023 – a powerful example of the benefits of European cooperation, combining private investment and public support and bringing together industry, the EU, its Member States, and Norway. Today's inauguration ceremony, attended by Commissioner for Climate, Net-Zero and Clean Growth, Wopke Hoekstra, reflected this partnership with the presence of Norwegian Prime Minister Jonas Gahr Støre, Dutch Prime Minister Rob Jetten and President and CEO of Yara International, Svein Tore Holsether.

Yara's Sluiskil plant is a strategic investment in Europe's industrial decarbonisation and competitiveness. It is expected to capture and store around 12 million tons of CO₂ over the next 15 years. It will promote the reduction of emissions from energy intensive industries like fertilisers and ammonia. It will foster innovation, the creation of a strong industrial base and the development of this clean technology, as underlined in the Clean Industrial Deal and the recent proposal for the EU Emissions Trading System review. 

In his keynote speech at the opening ceremony, Commissioner Hoekstra (pictured) said:

"Europe needs practical climate solutions that deliver real emissions reductions while strengthening industrial competitiveness. The carbon capture and storage project at Sluiskil shows what is possible when innovation and cross-border cooperation come together. This is exactly the kind of project Europe needs to combine climate ambition with a strong and resilient industrial base."

You can follow the speech of the Commissioner on EBS.

Related links

• Industrial carbon management
• EU-Norway energy co-operation

From illicit production to smuggling, the illicit tobacco trade continues to pose a serious problem for the EU, as it negatively impacts its finances, public health and security, according to a new report by the European Court of Auditors (ECA). Although the European Commission and EU countries have made efforts to combat this global criminal phenomenon, their action is not robust enough. Illicit production across the EU is increasing, smuggling methods are getting more sophisticated, and new tobacco products are on the rise. Against this backdrop, the auditors criticise poor cross-country cooperation, which suffers from persistent gaps and lacks a concerted EU-wide approach.

The illicit tobacco trade has changed significantly in recent years. Organised crime groups have strategically relocated production from Ukraine to the EU in order to shorten supply chains and access consumers more directly. Although smuggling remains a problem, illicit manufacturing sites have been detected in almost all EU countries, and illicit production has grown across the EU. For instance, in a large-scale illicit cigarette production factory in Belgium, each machine was capable of producing around a million cigarettes per hour. In the largest illicit cigarette factory dismantled in Spain, three million packets of counterfeit cigarettes were seized, i.e. 56 times the height of Mount Everest if the cigarettes were stacked horizontally.

“The EU cannot afford to let its fight against the scourge of illicit tobacco go up in smoke,” said Petri Sarvamaa, the ECA Member leading the audit. “If we are serious about safeguarding citizens’ health, wallets and security, the Commission and member states must up their game to fight criminal activity head-on.”

The illicit tobacco trade deprives EU and member state budgets of €13 billion a year, according to the Commission’s estimate. However, this figure should be treated with caution, as it is based on external studies. The fact remains that the Commission lacks a reliable and independent EU-wide estimate of the illicit tobacco market, its structure and its economic impact, e.g. in terms of lost tax revenues. Such data, however, are crucial for determining the magnitude of the problem and designing an effective response. As it stands, the Commission’s reporting is largely based on seizures, and so does not provide a full picture of the situation.

Over the past decade, the EU and its member states have taken measures to combat the illicit tobacco trade. However, EU law is not harmonised, and member states’ efforts are uneven. For example, key production inputs such as raw tobacco and production machinery, and new types of products such as heated tobacco products and liquids for e-cigarettes, are not treated in the same way across the EU. At the same time, the EU regulatory framework gives member states a free hand in choosing counter-measures, thus leading to enforcement gaps that organised crime groups can exploit. In particular, as national control systems and enforcement approaches differ, such as in the definition of offences and the severity of penalties, this can encourage criminal activities to relocate to laxer jurisdictions. Furthermore, EU countries are inconsistent in the way they exchange information.

In the EU, responsibility for combating the illicit tobacco trade is shared between several stakeholders. However, no single entity has a clear coordinating role, meaning that initiatives are fragmented. The auditors thus call on the Commission to assume a more active role in combating the illicit trade in tobacco products.

Background information

Although overall tobacco consumption has continued to fall, the quantity of illicit tobacco products in the EU has risen in recent years. In 2023, the Commission estimated that the quantity of illicit tobacco products was 8.8 % of total cigarette consumption. Excluding cigarettes, the illicit tobacco market amounts to nearly 21 000 tonnes in the EU. According to estimates, these new products make up 13 % of the market value of tobacco products sold in the EU, and attract younger consumers.

Illicit tobacco products are very attractive for organised crime groups due to their high profitability and comparatively low risk (penalties have traditionally been light and detection rates low). Such illegal activity not only provides a significant source of income for criminals but, by offering cheaper tobacco products, also undermines efforts to reduce tobacco consumption. Ultimately, it leads to losses in terms of customs duties, value-added tax and national excise duties.

The audit assesses the effectiveness of the action taken by the Commission and the member states. The auditors carried out field visits in Belgium, Spain, Poland and Romania, and include examples of illicit manufacturing sites in their report. ECA special report 23/2026 “Combating the illicit trade in tobacco in the EU: Fragmented efforts and persistent gaps” is available in 24 EU languages on the ECA website.

The European Commission has approved a €30 million state aid scheme for agricultural, fishery and aquaculture companies facing increased fuel and fertiliser prices due to the Middle East crisis.

The scheme was approved under the Middle East Crisis Temporary State Aid Framework (METSAF) adopted by the Commission on 29 April 2026.

The Portuguese scheme

Portugal notified to the Commission a €30 million scheme to support companies active in the primary production of agricultural, fishery and aquaculture products. The scheme, which will run until 31 December 2026, aims to mitigate the impact of the increase in agricultural fuel and fertiliser prices.

The aid will take the form of direct grants. The scheme concerns the grant of a limited amount of aid calibrated on the increase of the prices of fuel and fertilisers with a maximum of €50,000 per company. For the agricultural sector, the aid for fertilisers is based on a fixed amount depending on the number of hectares of agricultural surface and the animals of the company. The aid for fuel costs consists of €0.10 per litre of agricultural or marine diesel consumed from 1 April to 30 June 2026.

The Commission assessed the scheme under EU state aid rules, in particular Article 107(3)(c) of the Treaty on the Functioning of the EU, which enables member states to support the development of certain economic activities subject to certain conditions, as well as Sections 1 and 2.1 of the METSAF.

The Commission found that the scheme is in line with the conditions set out in the METSAF. In particular, the aid will be granted based on a scheme with a clear estimated budget and will be provided to temporarily support the development of companies active in the primary production of agricultural, fishery and aquaculture products. The Commission concluded that the scheme is necessary, appropriate and proportionate to facilitate the development of an economic activity and does not adversely affect trading conditions to an extent contrary to the common interest.

On this basis, the Commission approved the Portuguese scheme under EU state aid rules.

Find out more 

The three co-rapporteurs, including Renew Europe’s Christophe Grudler (ITRE), outline the priorities in Parliament’s draft report on the Industrial Accelerating Act, (IAA), as they finished their draft report this week. For Liberals and Democrats, the IAA report is seen as pivotal in boosting EU competitiveness and industrial resilience as a response to mounting global insecurity. During the drafting process, MEP Grudler has ensured that European taxpayer money prioritises businesses, jobs, and innovation in the EU, marking a pivotal shift in the EU’s approach to public procurement and economic sovereignty.

Key measures include: - Raising the threshold for Made in Europe and low-carbon products in strategic sectors to 50 percent by 2036, ensuring that public funds support domestic industries and sustainability. - Expanding strategic materials to include plastic for construction, in addition to steel, aluminium, and cement. - Increasing EU content in net-zero technologies, such as wind turbines, solar panels, heat pumps, and nuclear power plants, to strengthen Europe’s industrial capacity and leadership in the green transition.

The era of unconditional openness is over. Renew Europe is pushing for true reciprocity, ensuring that European markets open only to countries that effectively do so in the same conditions. To ensure fairness and prevent loopholes, clear safeguards, including stricter definitions and component requirements that will close the door on circumvention and guarantee that public funds truly benefit European industries, are also introduced.

Christophe Grudler, co-rapporteur on behalf of the Committee on Industry, Research and Energy (ITRE), said: “It is time to put an end to a wait-and-see approach and a certain naivety. Facing fierce global competition, we must build and consolidate the value chains of our strategic sectors in Europe: from steel and aluminium to the automotive industry and clean technologies. European taxpayers’ money must be used as a lever to achieve this: to support those who produce, innovate and create jobs here, within the Union. But greater ambition must not mean greater complexity. We are proposing simple, clear and applicable rules, without unnecessary administrative burdens for businesses and local authorities. This is the ambition we are setting out in this draft report. The work begins now: I will fight to ensure that the Accelerator rises to the challenge of the current industrial emergency.”

On her visit to Nuuk, the President of the European Commission Ursula von der Leyen announced a €200 million Global Gateway Partnership Package, to be invested in and with Greenland this year and the next. The EU, Greenland and Denmark have also reinforced their partnership with a new Joint Declaration, signed in Nuuk by the President, Premier of Greenland Jens-Frederik Nielsen and Prime Minister of Denmark Mette Frederiksen.

President von der Leyen said: “Greenland can count on the EU. That was my message during my last visit. Today, I am back to deliver the real results of our close cooperation. With a new EU-Greenland Partnership package, worth €200 million. This will create new opportunities and a strong and engaged EU in both Greenland and the Arctic. Because Greenland is a strategic ally and a trusted friend.”

The Declaration and the investment package deepen the EU-Greenland cooperation across the board – from traditional areas, such as education and fisheries, to better satellite and cable connectivity, hydropower and critical raw materials. The package also focuses on investments that improve everyday life in the country: better housing, sustainable tourism and stronger support for small businesses.

• A renewed Joint Declaration between the EU, Greenland and Denmark

The EU, Greenland and Denmark co-signed a new Joint Declaration on relations between the EU and Greenland to strengthen the common investment agenda, political dialogue and people-to-people exchanges, reaffirming a partnership grounded in shared values and interests.

Building on the previous Declaration from 2015, the new Joint Declaration recognizes Greenland's growing strategic importance and further strengthens and expands the partnership in areas of mutual interest. These include, among others, education and training, infrastructure development, sustainable raw materials, clean energy production, digital connectivity, sustainable tourism, housing, research and innovation, civil protection, resilience and security, fisheries, environment and climate action.

• A new Global Gateway Partnership Package

 The EU is mobilising a partnership package of €200 million for investments in Greenland. It will create new economic opportunities for the local population, while contributing to a sustainable, prosperous and peaceful Arctic region. A first set of Global Gateway projects in several priority sectors have already been agreed with Greenland, and we are working together on exploring a number of new investments:

Digital connectivity

• Through the Enhanced Satellite Connectivity project for Greenland, the EU is partnering with Tusass to support the expansion of satellite capacities across Greenland through European providers over the next five years. This will improve the reliability, speed and resilience of digital connections, benefiting remote settlements, schools and businesses.
• This builds on the EU's ongoing support for the strengthening of digital connectivity on Greenland's west coast.
• In parallel, the EU is supporting feasibility work to assess whether data centres could become a viable opportunity for Greenland as the necessary energy and digital infrastructure develops.

Sustainable raw materials

• The EU and Greenland will advance sustainable mining projects with a link to the European industry. Support will be provided through technical analysis and investor matchmaking and will contribute to stronger and more integrated and resilient value chains. This will build up on successful existing investments, such as the one in the Malmbjerg mining project.
• The GreenRoc's Amitsoq graphite project is another concrete example of this mutually beneficial partnership. As an EU Strategic Project under the Critical Raw Materials Act, it shows the potential for integrated Greenland–EU value chains, strengthening security of supply and supporting investment.

Sustainable energy

• The EU will support a programme led by Greenland's national energy utility company, Nukissiorfiit, to modernise and decarbonise energy supply in remote settlements. Through the deployment of hybrid renewable energy systems in towns and settlements, the programme will strengthen the reliability of electricity supply while expanding the use of renewable energy.
• The EU and Greenland are also exploring support for the expansion of the Buksefjord hydropower plant, Greenland's main hydropower facility, to respond to rising electricity demand in Nuuk.

Capacity building

• The EU will support the Government of Greenland in strengthening its institutional capacity through the establishment of a Programme Management Unit, to ensure effective delivery of relevant policy priorities as well as EU-backed programmes under the EU-Greenland Partnership.

Jobs and quality of life

• The EU and Greenland agreed to use the remaining funding to advance preparations for several additional programmes in priority areas, notably tourism and housing.
• Sustainable tourism has been identified as one of the most immediate and promising opportunities for economic diversification, private sector development and job creation across Greenland.
• Housing is also essential to address Greenland's ageing housing stock, improve public health and the conditions for sustainable growth.

Background

Greenland is the largest recipient of EU support per capita among the Overseas Countries and Territories. The EU has earmarked €225 million for the period 2021-2027, with 90% dedicated to education and 10% to green growth. The Commission has proposed €530 million for Greenland under the next Multiannual Financial Framework 2028-2034, more than doubling the current level of support.

The EU's partnership with Greenland is also underpinned by the Sustainable Fisheries Partnership Agreement. As a central pillar of Greenland's economy and a key area of cooperation, the EU provides €17.3 million to Greenland each year under the current fisheries protocol, including €3.2 million to support its national strategy for sustainable fisheries. The Agreement promotes the sustainable management of fish stocks, strengthens fisheries governance and contributes to economic stability in coastal communities. (will be available shortly)

In addition, Greenland remains eligible for EU horizontal programmes, such as Horizon Europe, the Connecting Europe Facility, Erasmus+, Creative Europe and InvestEU.

For more information

Statement by President von der Leyen

Greenland partnership

Greenland and the EU – Creating opportunities together

Factsheet on EU-Greenland Partnership

Joint Declaration

The Commission has just confirmed that it is suspending certain payments under Cohesion funding and the European Regional Development Fund to the Czech Prime Minister’s company Agrofert, due to the apparent conflict of interest surrounding Andrej Babiš' (pictured) role as PM and his business holdings. The Czech Prime Minister is the owner of the massive agribusiness, for which he set up a ‘trust’ ahead of becoming Prime Minister for the second time. The Greens/EFA Group have long highlighted the conflict of interests surrounding the Czech Prime Minister.  

Daniel Freund MEP, Greens/EFA Group Coordinator in the Budgetary Control Committee said:  “The Commission has recognized that Czech PM Andrej Babiš is likely in conflict of interest and we applaud that the Commission has finally taken action here. It is totally unacceptable for a prime minister to be negotiating the EU’s next long term budget, when he decides how large a chunk of that money could end up in his own pockets. The trust fund that Babiš set up in no way is enough to prevent a conflict of interest and it’s welcome that the Commission has acknowledged this.  “However, the Czech people should not have to suffer due to the dodgy dealings of their prime minister. It is time that the Commission and Council forces Czechia to ensure that Babiš is not involved in any negotiations around the EU’s long term budget, which may benefit him or his family directly. Either Babiš is head of Agrofert or he’s Czech PM, he can’t have it both ways.” 

Markéta Gregorová, Greens/EFA MEP and Czech Pirate Member of the Committee on International Trade said: “I am glad that the European Commission has finally started addressing Andrej Babiš’ conflict of interest, as it promised in its response to my inquiry. This confirms that we were right to raise the alarm: Babiš has not resolved his conflict of interest, and, frankly, he never genuinely intended to do so. The Commission must now ensure that the rules are enforced and that European taxpayers’ money is protected from any misuse.”

Sovereign wealth is typically measured by the size of reserves that allow a country to weather periods of crisis. However, for future generations, it is not only the amount left in financial accounts that matters. Of equal importance is the state of the country they inherit alongside these savings: the quality of its schools and hospitals, the condition of utility networks, roads, energy, and other core infrastructure.

For Kazakhstan, this question holds special significance. Revenues from natural resources enable the country to build a substantial financial cushion. The National Fund accumulates a portion of commodity revenues and serves two primary functions: a savings function aimed at preserving assets for future generations, and a stabilization function designed to reduce the state budget's vulnerability to fluctuations in global commodity markets. It should be noted that by mid-2026, the fund's foreign-currency assets reached $65.5 billion. (1)

Sovereign wealth operates differently

There is no single global model for managing sovereign wealth funds. States strike different balances between intergenerational savings, fiscal stabilization, and deploying accumulated capital for development. However, international experience demonstrates that these goals are not inherently contradictory.

Norway adheres to one of the most disciplined models of sovereign wealth management. Its fiscal rule aligns withdrawals with the expected real return of the Government Pension Fund, while preserving the flexibility to use fiscal policy in response to major economic shocks. (2)

The stabilization function is even more pronounced in Chile. Funds from the Economic and Social Stabilization Fund have been drawn upon repeatedly during periods of economic stress. In 2009, withdrawals reached nearly $9.28 billion, with significant funds also deployed in 2019–2021. (3)

Other countries also utilize commodity revenues not only as a source of long-term savings, but as a catalyst for economic development. The experience of Kuwait is illustrative, where these responsibilities are divided between the Future Generations Fund, focused on preserving capital for future generations, and the General Reserve Fund, whose investment portfolio encompasses energy, industry, transport and logistics, healthcare, and infrastructure. This model allows Kuwait to preserve a portion of national wealth for upcoming generations while transforming another portion into assets that expand the country's economic potential today and build the foundation for long-term growth. (4)

Azerbaijan, whose sovereign wealth origins closely mirror Kazakhstan's, has utilized resources from the State Oil Fund to finance major projects of national importance, including the Baku–Tbilisi–Kars railway, the Oguz–Gabala–Baku water supply system, and equity participation in major oil and gas transport initiatives. (5)

None of these models can be mechanically copied by another country. Together, however, they demonstrate that sovereign wealth management does not boil down to a binary choice between "saving" and "spending." What matters far more is the form in which national capital can deliver the greatest long-term return for the nation.

From financial capital to national capital

Savings from the National Fund are already being utilized directly in the interests of future generations. Since 2024, Kazakhstan has operated the "National Fund for Children" program: every young citizen of Kazakhstan is annually allocated a portion of the fund's investment income, and upon reaching 18 years of age, the accumulated funds can be used for education or housing improvement. This program has already entered the phase of practical asset utilization. Between February 2024 and August 1, 2026, payouts were received by more than 338,000 young Kazakhstanis, totaling approximately $67.8 million. Meanwhile, the funds belonging to minors remain within the National Fund's assets and continue to be invested until they reach adulthood. (6)

At the same time, Kazakhstan faces a challenge familiar to many economies that have accumulated significant revenues from natural resources: what portion of national wealth should remain in financial assets, and what portion makes sense to convert into capital working domestically.

Soon, Kazakhstan plans to deploy a portion of the National Fund's assets to finance major infrastructure projects of nationwide significance. In 2027, over $4 billion is planned for these purposes, followed by slightly over $3 billion annually in 2028 and 2029 (7).

According to several experts, the economic rationale for such a decision extends beyond mere financing. When funds are directed into long-term social and engineering infrastructure, national wealth does not disappear. The form in which it exists simply changes.

Money allocated to current consumption expires alongside the budget cycle. A school, hospital, utility network, road, or energy facility remains in the economy and operates for decades.

This is precisely why infrastructure investments differ fundamentally from covering operational expenses. A portion of financial capital is effectively transformed into physical and human capital within the country.

Such an approach yields economic benefits right from the project implementation stage. Construction generates demand for materials, equipment, transport, design, and installation work, providing orders for domestic enterprises and creating added value within the country. Once facilities are operational, another, far more sustained effect begins. Modernizing heating and water supply systems increases their reliability, reduces losses, and diminishes the need for costly emergency repairs. Roads enhance regional connectivity. Energy infrastructure removes bottlenecks for expanding existing production and launching new industrial capacity.

Investments in healthcare and education occupy a special place. Modern hospitals, clinics, and educational institutions represent both social infrastructure and direct investments in human capital. The accessibility of medical care, public health status, quality of education, and workforce qualifications are directly tied to labor productivity and the long-term potential of the economy. All social infrastructure is as much an element of national capital as transport or energy infrastructure, and its returns and effectiveness extend far beyond the construction timeline of any individual project.

The cost of deferred development

Utilizing accumulated capital carries an opportunity cost. However, delaying investments carries an opportunity cost as well. Insufficient capacity of transport networks, energy shortages, worn-out utility systems, and a deficit of schools or medical facilities impose costs today. The longer modernization is postponed, the longer the economy and population bear these costs.

Therefore, the pace of infrastructure development carries clear economic value. If a necessary facility opens today rather than ten years from now, the country gains additional years of its economic and social returns.

Moreover, the social and economic effects of infrastructure are largely inseparable. Reliable utility networks, modern healthcare, education, transport, and energy simultaneously elevate the quality of life and create an environment in which private economic activity can thrive.

A reserve that has already worked

Using the National Fund's resources to address strategic priorities is not a new practice for Kazakhstan. The fund's ability to provide supplementary resources when the economy needs them most has repeatedly served as a key factor in the country's economic resilience.

During the global financial crisis of 2008–2009, $10 billion was directed to stabilize the financial sector, support real estate, small and medium enterprises, and the agribusiness sector (8). In 2015–2017, an additional $9 billion was withdrawn (9). During the pandemic in 2020–2021, transfers from the National Fund helped preserve economic stability and support citizens. Thus, having an accumulated reserve allowed the state to act proactively—promptly directing additional resources where they were required to prevent more severe economic repercussions.

The existence of a large financial reserve enabled Kazakhstan to navigate periods of external shocks with an additional funding source without relying exclusively on current budget revenues.

Today, it is not the principle of using the fund that is changing, but the nature of the task. Previously, accumulated resources primarily served to mitigate the impact of global shocks. Now, a portion of the capital is intended to eliminate infrastructural bottlenecks that could constrain long-term development.

This expands the sovereign fund's role: resources accumulated during favorable periods are used not only after a crisis arises, but also to build assets that enhance the resilience and potential of the economy for years to come.

The account of future generations

Ultimately, the success of this strategy will be measured not by the volume of funds withdrawn from the National Fund, but by the value of the assets created with them and the overall effect they deliver to the economy and citizens.

This fundamentally shifts the evaluation criteria. If a financial asset worth one dollar is transformed into infrastructure that enhances productivity, lowers business costs, elevates human capital quality, and fosters conditions for new private investment over decades, the very structure of national wealth undergoes a qualitative transformation.

Therefore, the central question for the coming years is not whether to utilize National Fund resources, but the quality of the assets Kazakhstan creates in return. For future generations, this exact balance between preserved financial capital and the value of the domestic economy built in its place will stand as the primary legacy of today's decisions.

1. National Bank of the Republic of Kazakhstan, Report to the President dated June 4, 2026: Foreign Currency Assets and Investment Income for 2025.

2. AI-CIO, "Norway to Withdraw Record Amount from Sovereign Wealth Fund": https://www.ai-cio.com/news/norway-withdraw-record-amount-sovereign-wealth-fund/

3. The Market Value of the Economic and Social Stabilization Fund (ESSF): https://www.hacienda.cl/english/work-areas/international-finance/sovereign-wealth-funds/economic-and-social-stabilization-fund/financial-situation/market-value

4. Kuwait Investment Authority, "Investments" (General Reserve Fund and Future Generations Fund overview): https://www.kia.gov.kw/investments/

5. oilfund.az, State Oil Fund of Azerbaijan - Question and Answer (mandate); naturalgasworld.com, "SOFAZ financing Azerbaijan's share in TANAP project": https://oilfund.az/en/fund/press-room/question-and-answer
   
6. Target Savings Payments under the "National Fund for Children" Program: https://www.enpf.kz/ru/press-center/news/282547/
   
   Foreign-Currency Assets of the National Fund to Increase to USD 70.6 Billion by 2029: https://www.gov.kz/memleket/entities/economy/press/news/details/1279482?lang=en
   
   Concept of Formation and Use of Resources of the National Fund of the Republic of Kazakhstan (Decree of the President of RK dated Dec 8, 2016, No. 385): https://cdb.kz/sistema/pravovaya-baza/o-kontseptsii-formirovaniya-i-ispolzovaniya-sredstv-natsionalnogo-fonda-respubliki-kazakhstan/
   
   Concept of Formation and Use of Resources of the National Fund of the Republic of Kazakhstan: https://adilet.zan.kz/rus/docs/U1600000385
   

Six months into the US-Iran war, and as Europe grapples with finding a solution to a crisis that has spread across the region, Iranian activists across the Islamic Republic risked their lives last week by taking part in demonstrations, impromptu parades and acts of disobedience to mark the 62nd anniversary of the founding of Iran’s leading pro-democracy opposition group. What makes this particularly relevant for Brussels is that Europe is examining ways not only to contain the immediate crisis, but also to address the broader question of what political forces inside Iran could ultimately shape the country’s future. Meanwhile, members of the same movement in exile held an election to choose a new occupant of the organisation’s highest office.

The People’s Mojahedin Organization of Iran (PMOI) was originally established to promote revolution against the hereditary dictatorship of Shah Mohammad Reza Pahlavi. But after that revolution came about in 1979, it quickly stood up against the theocratic faction that seized power in its wake and began cultivating a reputation as the primary voice for a democratic alternative to the Islamic Republic. It has since been targeted for annihilation by the regime on several occasions but has invariably rebounded and assumed leading roles in major, collective challenges to the regime’s hold on power.

Those challenges include independent media campaigns, mass protests and an armed assault in February on Tehran’s Motahari Complex, which contains offices belonging to several leading officials and institutions, including that of the supreme leader. That incident threatened to decapitate the regime just days before the United States began the bombing campaign that has left it mired in a grinding war with the Islamic Republic more than six months later.

The PMOI has also been credited with leading roles in each of four successive uprisings that spread across the entire country in 2018, 2019, 2022 and 2026. The last of these, which took place mostly in January, was ruthlessly suppressed, with the death toll reaching into the thousands. This was soon followed by a new escalation in Iran’s world-leading use of the death penalty, particularly against political detainees.

Since the start of the Iranian calendar year in March, 40 such prisoners have been hanged, many of them for participating in the January uprising or for affiliation with the PMOI. The trend has led many of the organisation’s supporters to warn that the regime could be setting the stage for a massacre akin to that which took place in the summer of 1988, primarily targeting the PMOI, when 30,000 political prisoners, the overwhelming majority of them affiliated with the PMOI, were massacred within a few months.

Those warnings, and that history, illustrate the danger that Iranian activists were taking on when they coordinated demonstrations last week with the express purpose of promoting the PMOI. This, in turn, points to the resilience that the Iranian people have demonstrated both in the early days of the Islamic Republic and in recent clashes between protesters and regime authorities.

That resilience is arguably reflected in the PMOI’s choice of Mahnaz Maimanat (pictured) as its new Secretary General on Sunday (6 September). Like most of her colleagues, Maimanat has suffered great personal losses in her fight against the ruling system. Her brother Massoud was killed by firing squad in 1983, and her brother Mahmoud was hanged during the 1988 massacre, the same year that their mother was killed by the Islamic Revolutionary Guard Corps.

Since joining the PMOI at the age of 20 in the immediate aftermath of the revolution, Maimanat has remained steadfastly committed to the organisation, joining its Leadership Council in 1993 and its Central Council in 2014, before becoming co-Secretary General in 2021. After she secured 56 percent of the votes from fellow members of the Central Council, a statement from the PMOI described Maimanat’s election as a means for the organisation to declare “its firm determination to topple the ruling religious fascism.”

The statement also quoted Maryam Rajavi, President-elect of the National Council of Resistance of Iran, the political coalition of which the PMOI is a member organisation, as saying that Maimanat “has combined dynamism and a defiant spirit with an even deeper sense of commitment and responsibility for the freedom of the Iranian people and her homeland.”

Rajavi has been designated by the NCRI to oversee a transition to democratic governance following the mullahs’ overthrow. She has also authored a Ten-Point Plan for Iran’s future in the wake of that transition, guaranteeing free and fair elections, separation of religion from the state, equal rights for women and minorities, and peaceful relations with neighbouring countries and the West, backed by the dismantling of the outgoing regime’s nuclear weapons programme.

In recent years, thousands of lawmakers across Europe and North America, including cross-party members of the European Parliament, have openly endorsed that plan while also recognising the NCRI as a viable, democratic alternative to the current ruling system.

Commission adopts EU Guidelines on exclusionary abuses of dominance

New figures from member states show that businesses are increasingly using the simplified VAT rules for cross-border e-commerce.

New figures from member states show that businesses continue to make increasing use of the simplified VAT rules for online sales. Five years after the EU’s VAT e-commerce rules entered into force, the latest figures also show continued growth in VAT declared through the One Stop Shop (OSS) and Import One Stop Shop (IOSS) schemes.

The VAT e-commerce package, which entered into force on 1 July 2021, marked a major step in modernising the EU VAT framework. Since then, member states have collected more than €125 billion in VAT revenue through the EU’s VAT e-commerce schemes.

In 2025 alone, more than €38 billion in VAT revenue was collected, an increase of 17% compared with the previous year. The number of businesses using the EU’s simplified VAT schemes has also continued to grow. By the end of 2025, more than 193,000 businesses have registered to account for VAT on online sales through the schemes, reflecting the continued uptake of the EU’s VAT reforms, which help simplify VAT compliance, reduce red tape, and ensure VAT collection. 

E-commerce VAT reform: Progress and future direction

With the continued rapid growth in e-commerce activity and an increasingly digital global marketplace, the EU’s VAT rules for online transactions have continued to evolve to meet the needs of cross-border trade.

As we move into the next phase of reforms under the VAT in the Digital Age (ViDA) package, the EU is on track towards a fairer and more efficient VAT framework.

Following the adoption of the VAT in the Digital Age (ViDA) package in 2025, its phased implementation over the coming years is expected to build further on the success of the e-commerce VAT reforms. By expanding the scope of the OSS to cover more business-to-consumer transactions and introducing a new special scheme for the transfers of own goods, the ViDA package is likely to lead to even greater uptake of the OSS schemes, moving towards a single VAT registration in the EU. 

More information

Through a single registration in one member state, the One Stop Shop (OSS) and Import One Stop Shop (IOSS) schemes allow businesses to declare and remit VAT for cross-border sales of goods and services within the EU, as well as for imports of low-value goods.

This report is the latest in a series of annual reports on the application of the e-commerce package and is based on 2025 statistics from member states. It sets out details of the total number of registrations in all three One-Stop Shop (OSS) schemes, namely, the Union OSS, the non-Union OSS and the Import OSS, as of 31 December 2025. It also provides details on the total amount of VAT declared in each of these schemes in 2025. In addition, it describes how these registrations and declaration figures have evolved since the introduction of the VAT e-commerce rules in July 2021.

• Read the 2025 Report on the Application of the EU’s VAT E-Commerce Package 
• VAT for e-commerce 
• VAT in the Digital Age 

The EU energy label, as provided for by Regulation (EU) 2017/1369, aims at promoting the uptake of more efficient energy-related products. It aims to help consumers make informed choices by facilitating comparisons of product alternatives with different features. The label focuses on the energy efficiency of the product during the use phase, but can also include other environment-related aspects.

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• Publication details

• Published: 2026
• Corporate author(s): Directorate-General for Energy (European Commission) , Centerdata , Ipsos NV
• Themes: Energy policy
• Subject: computer equipment , consumer information , energy consumption , energy efficiency , EU energy label , EU energy policy , maintenance , product life , regulation (EU)

• Released on EU publications website: 2026-09-03

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  • Published: 2026
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As families across Nepal face the human toll of one of the country's deadliest floods in decades, the EU is adding to the relief effort led by Nepalese authorities and humanitarian partners. A first EU humanitarian air bridge flight is delivering 82 tonnes of essential supplies, while the European Commission is providing a further €500,000 for response and coordinating further help offered by European countries.

Organized with UNICEF, the Air Bridge flight has landed this morning carrying supplies for nutrition, health, water and sanitation, shelter, education and protection from EU stocks. The additional €500,000 will be channelled through the International Federation of Red Cross and Red Crescent Societies' disaster response emergency fund, allowing local teams to cover urgent needs. Separately, through the EU civil protection mechanism, Luxembourg, Germany, Latvia and Norway are sending equipment including life jackets, hygiene and kitchen kits, blankets, medical supplies, protective equipment and emergency energy equipment.

This further assistance builds on the EU response already underway. On 28 August, the Commission allocated €2 million in emergency humanitarian aid, on top of almost €3 million already allocated to Nepal in 2026 for disaster preparedness. EU-funded partners have been providing assistance on the ground, while Copernicus emergency satellite mapping has been activated and the EU Rapid Response and Logistic Coordinators for Asia are deployed.

Crisis Management Commissioner Hadja Lahbib said: 

"In a single night, rivers of mud and water swept away what generations had built: homes, schools, entire communities. Nepal has suffered a devastating loss of life, and thousands of families are facing the unimaginable. The grief is only beginning to sink in. Europe stands with the Nepalese people. We are supporting emergency responders and getting emergency aid to those who need it: clean water, medicine for hospitals, shelter for families sleeping in the open, and psychological support for the grieving. European solidarity crosses oceans. We will help Nepal not just survive this tragedy, but rebuild. Stronger and never alone."

Background

The European Commission's emergency response co-ordination centre operates 24/7; it ensures rapid deployment of emergency support and acts as a coordination hub between all EU member states, the 10 additional participating states, the affected country, and civil protection and humanitarian aid experts.