Egypt Complains of ‘Water Struggles’ as Security Council Tackles Dam Crisis with Ethiopia

A view from an airplane window shows buildings around the Nile River in Cairo, Egypt March 10, 2020. (Reuters)
A view from an airplane window shows buildings around the Nile River in Cairo, Egypt March 10, 2020. (Reuters)
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Egypt Complains of ‘Water Struggles’ as Security Council Tackles Dam Crisis with Ethiopia

A view from an airplane window shows buildings around the Nile River in Cairo, Egypt March 10, 2020. (Reuters)
A view from an airplane window shows buildings around the Nile River in Cairo, Egypt March 10, 2020. (Reuters)

Egypt complained on Monday of its “water struggles” as the United Nations Security Council was addressing Cairo’s dispute with Addis Ababa over the Ethiopian Grand Renaissance Dam (GERD) on the Nile River.

Minister of Water Resources and Irrigation Mohamed Abdel Aty said Egypt suffers from an annual 21 billion cubic meter gap between water consumption and production.

It is ranked first among African countries in terms of reusing treated water and the second worldwide, he noted during a ceremony in which a number of projects were inaugurated.

He further noted that his country fulfills 97 percent of its water needs from the river alone, stressing that Egypt “does not wait for problems to emerge, but predicts them in order to find the appropriate solutions.”

He reviewed the government’s programs to address the water shortage through the desalination of sea water and the reuse of agricultural water for other purposes. He highlighted projects to use rainwater in coastal areas, as well as the renovation of canals and water networks to reduce wasted water and applying modern irrigation techniques.

“The modernization of the irrigation program is being implemented in cooperation with several relevant ministries,” he added before the audience that included President Abdul Fattah al-Sisi.

The UN Security Council held on Monday a public videoconference to discuss the Nile dam dispute between Egypt, Sudan and Ethiopia.

The public video conference was called by the United States on behalf of Egypt.

Ethiopia wants to start filling the reservoir for the 475-foot (145-meter) GERD in early July, with or without approval from the two other countries.

Egypt sees the structure as an “existential” threat and Sudan on Thursday warned of “great risk” to millions of human lives if the dam plan moves forward.

Meanwhile, Ethiopia says the dam is essential to its development, while Sudan and Egypt fear it could restrict their citizens' water access.

The Nile -- which flows some 3,700 miles (6,000 kilometers) as one of the longest rivers in the world -- is an essential source of water and electricity for dozens of countries in East Africa.



Lebanon Bans Dealing with Hezbollah Financial Entity

A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
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Lebanon Bans Dealing with Hezbollah Financial Entity

A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo

Lebanon's central bank has banned banks and brokerages from dealing with a Hezbollah-affiliated financial institution, according to a circular, a sign of the group's diminished sway over state affairs since its devastating war with Israel.

Keeping up military pressure on the Iran-backed group, Israel on Tuesday launched some of its heaviest airstrikes since a ceasefire in November, saying it hit training camps and weapons depots in east Lebanon. A security source in Lebanon said 12 people were killed, five of them Hezbollah fighters, Reuters reported.

Hezbollah has faced mounting pressures since the war, including financial ones.

In the circular, dated July 14 and reviewed by Reuters, Banque du Liban prohibited all licensed financial institutions in Lebanon from dealing directly or indirectly with unlicensed entities and listed Hezbollah's Al-Qard Al-Hassan as an example.

The US Department of Treasury imposed sanctions on Al-Qard Al-Hassan in 2007, saying Hezbollah used it as a cover to manage "financial activities and gain access to the international financial system".

Bolstered by its powerful arsenal, Hezbollah had long exercised decisive influence over Lebanese state affairs, but it was unable to impose its will in the formation of a post-war government in February.

Al-Qard Al-Hassan, founded in 1983, describes itself as a charitable organisation which provides loans to people according to Islamic principles that forbid interest. Israel struck some of its branches during its war with Hezbollah last year.

Operating as a not-for-profit organisation under a licence granted by the Lebanese government, it has more than 30 branches, mostly in southern Lebanon and the Bekaa Valley.

SHADOW ECONOMY

A Lebanese official said the central bank move had been in the works for months, and reflected US pressure on Lebanon to take action against Hezbollah's financial wing.

Nassib Ghobril, chief economist at Byblos Bank, said Lebanese banks were already careful to avoid dealing with Al-Qard Al-Hassan because it is under US sanctions.

"The important point is that finally the authorities are addressing the shadow economy in Lebanon, which is the real problem," he said, adding that authorities had long failed to address its "toxic effects".

In June, the European Commission included Lebanon in an updated list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism.

Last year, global financial crime watchdog FATF placed Lebanon on its "grey list" of countries under special scrutiny.