Egypt Says GERD Lacks Legally Binding Agreement

This grab taken from video shows Grand Ethiopian Renaissance Dam in the Benishangul-Gumuz region, Ethiopia, Feb. 20, 2022. (AP Photo)
This grab taken from video shows Grand Ethiopian Renaissance Dam in the Benishangul-Gumuz region, Ethiopia, Feb. 20, 2022. (AP Photo)
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Egypt Says GERD Lacks Legally Binding Agreement

This grab taken from video shows Grand Ethiopian Renaissance Dam in the Benishangul-Gumuz region, Ethiopia, Feb. 20, 2022. (AP Photo)
This grab taken from video shows Grand Ethiopian Renaissance Dam in the Benishangul-Gumuz region, Ethiopia, Feb. 20, 2022. (AP Photo)

Egypt said Friday that Ethiopia has consistently lacked the political will to reach a binding agreement on its now-complete dam, an issue that involves Nile River water rights and the interests of Egypt and Sudan.

Ethiopia’s prime minister said Thursday that the country’s power-generating dam, known as the Grand Ethiopian Renaissance Dam (GERD), on the Nile is now complete and that the government is “preparing for its official inauguration” in September.

Egypt has long opposed the construction of the dam, because it would reduce the country's share of Nile River waters, which it almost entirely relies on for agriculture and to serve its more than 100 million people.

The more than the $4 billion dam on the Blue Nile near the Sudan border began producing power in 2022. It’s expected to eventually produce more than 6,000 megawatts of electricity — double Ethiopia’s current output.

Ethiopia and Egypt have spent years trying to reach an agreement over the dam, which Ethiopia began building in 2011.

Both countries reached no deal despite negotiations over 13 years, and it remains unclear how much water Ethiopia will release downstream in case of a drought.

Egyptian officials, in a statement, called the completion of the dam “unlawful” and said that it violates international law, reflecting “an Ethiopian approach driven by an ideology that seeks to impose water hegemony” instead of equal partnership.

“Egypt firmly rejects Ethiopia’s continued policy of imposing a fait accompli through unilateral actions concerning the Nile River, which is an international shared watercourse,” Egypt’s Ministry of Water Resources and Irrigation said in a statement Friday.

Ethiopian Prime Minister Abiy Ahmed, in his address to lawmakers Thursday, said that his country “remains committed to ensuring that our growth does not come at the expense of our Egyptian and Sudanese brothers and sisters.”

“We believe in shared progress, shared energy, and shared water,” he said. “Prosperity for one should mean prosperity for all.”

However, the Egyptian water ministry said Friday that Ethiopian statements calling for continued negotiations “are merely superficial attempts to improve its image on the international stage.”

“Ethiopia’s positions, marked by evasion and retreat while pursuing unilateralism, are in clear contradiction with its declared willingness to negotiate,” the statement read.

However, Egypt is addressing its water needs by expanding agricultural wastewater treatment and improving irrigation systems, according to the ministry, while also bolstering cooperation with Nile Basin countries through backing development and water-related projects.



Türkiye, Hamas Discuss Gaza Ceasefire Deal’s Second Phase, Turkish Source Says

Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
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Türkiye, Hamas Discuss Gaza Ceasefire Deal’s Second Phase, Turkish Source Says

Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)

Turkish Foreign Minister Hakan Fidan on Wednesday ​met with Hamas political bureau officials in Ankara to discuss the ceasefire in Gaza and advancing the ‌agreement to ‌its ‌second ⁠phase, ​a ‌Turkish Foreign Ministry source said according to Reuters.

The source said the Hamas officials told Fidan that they had fulfilled ⁠their requirements as ‌part of the ‍ceasefire ‍deal, but that Israel's ‍continued targeting of Gaza aimed to prevent the agreement from ​moving to the next phase.

The Hamas members ⁠also said humanitarian aid entering Gaza was not sufficient, and that goods like medication, equipment for housing, and fuel were needed, the source ‌added.


Israel Says It Killed Hamas Financial Officer in Gaza

Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
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Israel Says It Killed Hamas Financial Officer in Gaza

Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)

The Israeli army said Wednesday that it had identified a Hamas financial official it killed two weeks ago in a strike in the Gaza Strip.

Abdel Hay Zaqut, a financial official in Hamas's armed wing, on December 13 in the same strike that killed military commander Raed Saad, seen by Israel as one of the architects of Hamas's October 7, 2023 attack.

The Israeli army's Arabic-language spokesperson, Avichay Adraee, said on Wednesday that Zaqut was killed while he was in a vehicle alongside Raed Saad in "a joint operation by the Israeli army and the Shin Bet", Israel's internal security agency.

Zaqut "belonged to the financial department of the armed wing" of Hamas, Adraee wrote on X.

"Over the past year, Zaqut was responsible for collecting and transferring tens of millions of dollars to Hamas's armed wing with the aim of continuing the fight against the State of Israel," he said.

Hamas's leader for the Gaza Strip, Khalil al-Hayya, confirmed on December 14 the death of Saad and "his companions", though he did not name Zaqut.

The Israeli army said Saad headed the weapons production headquarters of Hamas's military wing and oversaw the group's build-up of capabilities.

Since October 10, a fragile truce has been in force in the Gaza Strip, although Israel and Hamas accuse each other of violations.

The war began with Hamas's 2023 attack on Israel, which resulted in the deaths of more than 1,200 people, most of them civilians, according to an AFP tally based on official figures.

Israel's retaliatory campaign has killed more than 70,000 people in the Gaza Strip, according to the health ministry in the Hamas-run territory, a figure the UN deems is credible.


Lebanon Central Bank Governor Expresses Reservations Over Draft Law on Deposit Recovery

 Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
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Lebanon Central Bank Governor Expresses Reservations Over Draft Law on Deposit Recovery

 Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)

Lebanon’s Central Bank governor has expressed some reservations over a draft law allowing depositors to gradually recover funds ​frozen in the banking system since a financial collapse in 2019, a move critical to reviving the economy.

Karim Souaid described the proposed timetable for the cash component of deposit repayments as "somewhat ambitious" in a statement on Tuesday.

He suggested ‌it may ‌be adjusted without hindering ‌the depositors' ⁠rights ​guarantee "regular, ‌uninterrupted, and complete payments over time".

He also urged the cabinet to conduct a careful review of the draft law , calling for clarifications to ensure fairness and credibility before it is submitted to parliament.

The central ⁠bank governor said the draft required further refinement, ‌including clearer provisions to guarantee equitable ‍treatment of depositors ‍and to reinforce the state’s commitments ‍under the law.

The 2019 financial collapse - the result of decades of unsustainable financial policies, waste and corruption - led the state to default ​on its sovereign debt and sank the Lebanese pound.

The draft law marks ⁠the first time Beirut has put forward legislation aimed at addressing a vast funding shortfall - estimated at $70 billion in 2022 but now believed to be higher.

Prime Minister Nawaf Salam on Monday urged ministers to swiftly approve the draft legislation.

The cabinet discussed the law on Monday and Tuesday and is set to continue discussions ‌on Friday.