RIYADH: Egypt is set to receive €7.4 billion ($8 billion) in aid from the EU to support its economy until 2027 amidst conflicts in Gaza and Sudan, according to reports. Dimitris Kairidis, the Greek migration minister, told the news source that Egypt had played a “very critical, key role” in managing irregular migration to the continent. Khairy told the FT that the war in Sudan has had no prominent impact on the Egyptian economy so far. The economist believes that the negative impact of the war in Sudan on Egypt has three elements. “Sudan provides Egypt with 10 percent of its needs for livestock and meat.

Source: Ethiopian News March 13, 2024 14:14 UTC