Europe risks another wave of refugees “if aid programs are not sustained in five neighboring countries hosting the bulk of them,” the UN said on Tuesday, according to Reuters. Egypt, Turkey, Lebanon, Jordan, and Iraq house a collective 5.3 mn registered Syrian refugees, according to UNHCR statistics. The agency has only received 53% of a total USD 4.63 bn package for 2017, UNHCR MENA bureau director tells the newswire. Egypt is meant to receive a EUR 60 mn grant from the EU to help stem the flow of illegal migrants to Europe.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Here’s why “temporary listings” are all the rage right now
The government plans to list Misr Travel and Egoth in…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…