Trading & Financial News
No Result
View All Result
Saturday, June 28, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Markets

Egypt gets the UN involved in its dispute with Ethiopia

by Tradinghow
September 2, 2024
in Markets
A A
0
Egypt gets the UN involved in its dispute with Ethiopia
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Concerning the Grand Ethiopian Renaissance Dam (GERD) which is a massive hydroelectric dam on the Blue Nile River in Ethiopia that has been a source of regional tension between Ethiopia and Egypt, the Egyptian foreign minister confirmed on Sunday that Egypt has seen fit to send a letter to the UN, as reported by Sputnik.

“Foreign Minister Badr Abdelatty sent a letter to the President of the UN Security Council on September 1, following recent statements by the Ethiopian Prime Minister regarding the fifth phase of filling the Renaissance Dam,” the ministry said.

This letter follows the frustrations faced by Egyptian authorities after 12 years of trying to negotiate with Sudan and Ethiopia over the Grand Ethiopian Renaissance Dam, stressing the dam’s possible impact on water security in downstream Sudan and Egypt during droughts.

Egypt revealed in December 2023 that the trilateral dam negotiating process between Egypt, Sudan, and Ethiopia, which began in August of that year and involved four rounds, stopped inconclusively.

Ethiopia, Sudan and Egypt have previously convened more than a dozen times to fix the water-sharing concerns, but their efforts have been ineffective.

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

GERD

The tremendous $4.2 billion Grand Ethiopian Renaissance Dam (GERD) has been in the center of a regional debate since Ethiopia began construction in 2011.

Egypt and, on occasion, Sudan have repeatedly requested Addis Ababa to suspend the reservoir’s filling.

Both countries see it as a danger since they rely on Nile freshwater, but Ethiopia sees it as critical to its electricity and growth. For centuries, Egypt has been regarded as the “gift of the Nile,” since the river provides 90% of its nourishment and life.

The country has an annual water deficit and is expected to be classified as water-scarce by 2025, according to the UN.



Source link

  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025
Analyzing the Russell Indexes Last Annual Reconstitution

Analyzing the Russell Indexes Last Annual Reconstitution

June 27, 2025
China’s ‘Summer Davos’ offers rare respite from trade war

China’s ‘Summer Davos’ offers rare respite from trade war

June 27, 2025

Recent News

Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In