EU, Egypt agree 7.4 billion euro deal on energy, migration

The European Union, which seeks to stem irregular migrant arrivals, and cash-strapped Egypt were Sunday due to sign a 7.4 billion euro ($8 billion) package of loans, grants and energy cooperation deals. – ‘Cash-for-migration-control’ – The agreement follows other controversial deals the EU has sealed in northern Africa — with Libya, Tunisia and Mauritania — to stem the flow of irregular migrants across the Mediterranean Sea.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News