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.
On April 15, 2026, the war in Sudan entered its fourth year, a grim milestone that passed largely unnoticed, overshadowed by conflicts elsewhere. Yet the United Nations has called it unequivocally the world's worst humanitarian crisis.
Germany pledged a further 20 million euros ($23.6 million) to Sudan this year, the development ministry said on Wednesday, ahead of an international aid conference hosted in Berlin that is aiming to gather more than $1 billion in funding commitments.
Two arms brokers arranged illegal deals to supply ex-Soviet surface-to-air missile systems to South Sudan and fighter jets to Libya during its civil war, British prosecutors told a London court on Tuesday.
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