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.
France and Algeria have taken a significant step toward normalising their bruised relationship, as French Armed Forces Minister Alice Rufo met Algerian President Abdelmadjid Tebboune on Saturday and agreed a roadmap to "intensify" bilateral cooperation, particularly in security and defence.
Egyptian President Abdel Fattah Al-Sissi received French President Emmanuel Macron on Saturday in New Borg El-Arab City for the inauguration of Senghor University's new headquarters, an occasion that also served as the backdrop for substantive bilateral talks covering the Middle East's most pressing crises.
France has announced the return of its ambassador to Algeria, as French Armed Forces Minister Alice Rufo and ambassador Stéphane Romatet - recalled to Paris by President Emmanuel Macron in April 2025 - arrived Friday in Sétif, marking the beginning of a carefully choreographed diplomatic reconciliation.
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