The European Union on Sunday revealed plans to provide financial aid to Egypt through a combination of loans and grants totalling €7.4 billion ($8.1 billion) until the end of 2027. This money is intended to be part of a new strategic partnership, as announced by the European Commission during a meeting between EU representatives and Egyptian President Abdel Fattah al-Sissi in Cairo on Sunday. The cooperation is to focus on stemming irregular migration, as well as economic and political cooperation. Of the €7.4 billion EU package, €5 billion is earmarked for loans and €1.8 billion for investmen…