Egypt signs 7.4 billion euro cooperation agreement with EU. The two parties will strengthen cooperation in finance, investment, technology, energy and other fields to achieve common interests.
Both sides expressed their firm opposition to Israel's military action against Rafah and called for a ceasefire to be reached as soon as possible. Egypt has faced serious economic difficulties for some time in the past. While carrying huge foreign debt, inflation is close to historical highs. However, with the recent increase in external financial support, the country's financial tension has eased.