Back to the complete issue
Sunday, 9 August 2020

Diplomacy + Foreign Trade on 9 August 2020

Addis Ababa says any Nile water allocation agreement requires bringing all Nile Basin countries to the negotiating table: Ethiopia will not sign any agreement with Egypt and Sudan that would enshrine specific water quotas for downstream countries without bringing all 11 Nile Basin countries into the discussion for a comprehensive agreement, Ethiopian Foreign Ministry Spokesman Dina Mufti said at a press briefing, according to Al Shorouk. Mufti also slammed the US and World Bank’s “attempts to pressure Ethiopia into signing [a] lopsided agreement,” according to the Ethiopian Herald (pdf). Ethiopia also accused Egypt of not capitalizing on alternative water sources, including groundwater and sea water. Egypt and Sudan walked away from the last round of GERD negotiations after Ethiopia’s latest proposal dodged mention of a binding dispute resolution mechanism after it was agreed upon by the three countries.

Shoukry and Pompeo discuss Libyan ceasefire: Foreign Minister Sameh Shoukry and US Secretary of State Michael Pompeo discussed on Thursday the need to achieve a ceasefire in Libya through United Nations-brokered talks, according to a US Embassy statement.

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.