EU seals €7.4bn deal with Egypt in effort to avert another migration crisis

Six of bloc's leaders sign agreement in Cairo aimed at boosting economy and bringing stability to region

EU leaders have sealed a 7.4bn (6.3bn) deal with Egypt to help boost its faltering economy, in an attempt to bring stability to the troubled" region and avert another migration crisis in Europe.

The three-year EU-Egypt strategic partnership involves 5bn in soft loans to support economic changes, 1.8bn to support investments from the private sector and 600m in grants including 200m for migration management.