EU, Egypt agree 7.4 bn euro deal focussed on energy, migration

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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.

Egyptian President Abdel Fattah al-Sisi meets European Commission President Ursula von der Leyen in the capital Cairo. Photo: - / Egyptian Presidency/AFP

The Strategic and Comprehensive Partnership agreement includes five billion euros in loans over four years, 1.8 billion euros in investment and hundreds of millions for bilateral projects including on migration, the official said on condition of anonymity.

The delegation included three Mediterranean leaders -- Italian Prime Minister Giorgia Meloni, her Greek counterpart Kyriakos Mitsotakis and Cyprus President Nikos Christodoulides.'Cash-for-migration-control'-- with Libya, Tunisia and Mauritania -- to stem the flow of irregular migrants across the Mediterranean Sea.

US-based Human Rights Watch said it had documented"arbitrary arrests and mistreatment of migrants, asylum seekers and refugees by Egyptian authorities".

 

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