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Egypt to receive $1.7bln financing tranche this month

Egypt is set to receive EUR 1.5 billion from the European Union (EU) this month to support its economic reform agenda, according to European Commission President Ursula von der Leyen. In a post on X following talks with President Abdel Fattah El-Sisi on the sidelines of the G7 summit, von der Leyen described Egypt as "a central and stable partner for Europe in a region in turmoil." [...]