Shafaqna English-Foreign Minister Badr Abdelatty announced on Saturday(4 Jul 2026) that Egypt will soon receive €1.5 billion ($1.72 billion) from the EU, marking the first of two remaining tranches of a €5 billion macro-financial assistance initiative.
At a press conference held in Egypt’s new administrative capital with European Commissioner for the Mediterranean Dubravka Suica, Abdelatty explained that the remaining €3 billion would be paid out in two equal instalments of €1.5 billion each, according to Reuters.
Source: Aawsat