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EU preparing $8bn aid package for Egypt amid fallout from Gaza and Sudan wars
13 March 2024 08:27 GMT
The European Union is preparing a 7.4 billion euro ($8.08bn or £6.33bn) package aimed at supporting Egypt's economy amid fears that neighbouring conflicts in Gaza and Sudan could further exacerbate the difficult economic situation in the country and raise immigration pressure on Europe, the Financial Times reported.
EU Commission President Ursula von der Leyen will visit Cairo on Sunday with the prime ministers of Greece, Italy and Belgium to finalise and announce the agreement.