Back to the complete issue
Wednesday, 31 March 2021

Arab nations, assemble

Egypt gets Gulf backing on GERD: Saudi Arabia, Oman and Bahrain have given public backing to Egypt as it tries to prevent Ethiopia from pushing ahead with filling the Grand Ethiopian Renaissance Dam (GERD). Saudi Arabia and Bahrain both expressed support for existing efforts to solve the dispute over how the dam will be filled and operated, with Riyadh calling on Egypt, Ethiopia and Sudan to continue talks in search of a breakthrough. Negotiations have stalled in recent weeks after Ethiopia rejected a proposal by Egypt and Sudan to bring in international mediators, preferring to stick with the current African Union-led initiative.

The statements came shortly after President Abdel Fattah El Sisi warned Ethiopia against taking “a drop of Egypt’s water.” Ethiopian PM Abiy Ahmed reiterated last week that it intends to go ahead with the second filling of the dam this summer with or without an agreement, a step that El Sisi described yesterday as a “red line” for Egypt.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.