Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
World
Sarah Benhaida

EU, Egypt Agree 7.4 Bn Euro Deal Focussed On Energy, Migration

Egyptian President Abdel Fattah al-Sisi meets European Commission President Ursula von der Leyen in the capital Cairo (Credit: AFP)

The EU chief and five European leaders visited cash-strapped Egypt on Sunday to announce a 7.4-billion-euro financial package focussed on boosting energy trade and stemming irregular migrant flows to the 27-member bloc.

The deal will include billions in credit over coming years for highly indebted Egypt, and stepping up energy sales that could help Europe "move further away from Russian gas", said a senior European Commission official.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.