Egypt to get 1.5B euros from EU aid

Egypt is expected to receive 1.5 billion euros from the European aid package in the coming days, representing the first installment of a total of 5 billion euros provided as funding from the European Union. The amount will be disbursed in two installments of 1.5 billion euros each, with the final payment anticipated at the beginning of fall. So far, the European Union has disbursed 2 billion euros of the total package, which also includes concessional loans totaling 5 billion euros, as part of a broader financing agreement worth 7.4 billion euros.

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