On Sunday, the European Union announced a 7.4 billion-euro ($8 billion) aid package for cash-strapped Egypt as concerns grew that economic
The aid package includes grants and loans over the next three years, with 5 billion euros constituted as macro-financial assistance.
Before the signing ceremony on Sunday afternoon, El Sisi separately met with von der Leyen and other European leaders. El-Sisi’s office said in a statement that the deal aims to achieve “a significant leap in cooperation and coordination between the two sides and to achieve common interests”.According to the European Commission, the deal, known as the Joint Declaration, aims, among other things, to promote “democracy, fundamental freedoms, human rights, and gender equality.” Both sides will also deepen their cooperation to address challenges related to migration and terrorism.
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