The European Union is readying a 7.4 billion euro ($8.08 billion) package aimed at shoring up Egypt's economy amid fear that conflict in Gaza and Sudan could exacerbate financial trouble in the country.
The economic situation in Egypt is poor © Mena Today
The European Union is readying a 7.4 billion euro ($8.08 billion) package aimed at shoring up Egypt's economy amid fear that conflict in Gaza and Sudan could exacerbate financial trouble in the country, the Financial Times reported on Wednesday.
European Commission President Ursula von der Leyen will travel to Cairo on Sunday with the Greek, Italian and Belgian prime ministers to finalize and announce an agreement, the newspaper reported.
A Tunisian court on Tuesday sentenced the country's richest businessman, Marouan Mabrouk, to 20 years in prison, and former prime minister Youssef Chahed to six years, in separate corruption cases, lawyers said.
Egyptian President Abdel Fattah El-Sisi called UAE President Sheikh Mohamed bin Zayed Al Nahyan Saturday to express Cairo's "condemnation and strong denunciation" of Iranian attacks targeting the UAE and several Arab states.
Former Tunisian prime minister Ali Larayedh was sentenced on Friday to 24 years in prison on charges of facilitating Tunisian jihadists’ travel to Syria over the past decade, state media said.
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