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European firms sign flurry of deals as EU bolsters ties with Egypt


By Aidan Lewis

CAIRO (Reuters) -European firms are signing deals potentially worth over 40 billion euros ($42.85 billion) with Egyptian partners, the EU Commission chief told an investment conference in Cairo on Saturday, part of a drive to bolster Egypt’s fragile economy.

The announcement by Commission President Ursula von der Leyen of more than 20 new deals or MOUs follows a 7.4 billion euro EU funding package and an upgraded relationship unveiled in March, as Egypt tried to contain spillover from conflicts in Gaza and Sudan, and European states pushed to prevent migrant flows across the…



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