EU chief in Egypt for joint investment conference

CAIRO: European Commission President Ursula von der Leyen was in Cairo on Saturday to kick off a two-day investment conference where deals potentially worth more than $42 billion are set to be signed. “At this conference, European companies are signing more than 20 new deals… worth more than 40 billion euros,” von der Leyen told a meeting in the Egyptian capital. The conference comes after a 7.4 billion euro ($7.9 billion) EU financing package was signed in March to support the indebted North African country.

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