CAIRO: European Commission chief Ursula von der Leyen was in Cairo on Saturday to kick off a two-day investment conference, where deals potentially worth over $42 billion are expected to be signed. "At this conference, European companies are signing over 20 new deals ... which are worth over 40 billions euros," von der Leyen said at the meeting in the Egyptian capital.
The conference comes after a 7.4 billion-euro EU funding package was signed in March. Macrofinancial aid, a series of medium and long term loans, "constitutes the large majority of the 7.4 billion euros in EU financial support under the partnership," von der Leyen said. — AFP
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