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.
The discussions and proposals made by the European powers to Iran over its nuclear programme in Geneva were unrealistic and insisting on them will not bring both sides closer to an agreement, a senior Iranian official told Reuters.
A Tunisian court on Friday handed down a 22‑year prison sentence in absentia to former President Moncef Marzouki, a fierce critic of President Kais Saied, on charges of undermining state security, raising the opposition's fears of an escalating crackdown against critics.
European foreign ministers are set to meet their Iranian counterpart on Friday aiming to create a pathway back to diplomacy over its contested nuclear programme despite the U.S. considering joining Israeli strikes against Iran.
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