New African Initiative Expected to Resolve GERD Dispute

Ethiopia’s Prime Minister Abiy Ahmed receives President of the Democratic Republic of the Congo Felix Tshisekedi, who is mediating the GERD dispute. (Ethiopian government)
Ethiopia’s Prime Minister Abiy Ahmed receives President of the Democratic Republic of the Congo Felix Tshisekedi, who is mediating the GERD dispute. (Ethiopian government)
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New African Initiative Expected to Resolve GERD Dispute

Ethiopia’s Prime Minister Abiy Ahmed receives President of the Democratic Republic of the Congo Felix Tshisekedi, who is mediating the GERD dispute. (Ethiopian government)
Ethiopia’s Prime Minister Abiy Ahmed receives President of the Democratic Republic of the Congo Felix Tshisekedi, who is mediating the GERD dispute. (Ethiopian government)

Congolese President and African Union chair Felix Tshisekedi concluded an African tour aimed at resolving Ethiopia’s dispute with Egypt and Sudan over the Grand Ethiopian Renaissance Dam (GERD).

He is expected to present his proposal to end the deadlock over the filling and operation of Addis Ababa’s giant hydropower dam on the Blue Nile and reach an agreement that serves the interests of the three countries.

Cairo and Khartoum stress the importance of reaching a legally binding agreement on GERD’s filling and operation before Addis Ababa moves forward with the second filling in July.

Addis Ababa informed Tshisekedi of its refusal to expand the mediation and its commitment to African solutions to resolve the dispute through negotiations.

According to a statement by Prime Minister Abiy Ahmed’s office, he insisted on Ethiopia’s position that the dam is a “symbol of cooperation and mutual development” and not aimed at harming the two downstream countries.

Ahmed pointed to Addis Ababa’s willingness to reach an agreement that serves all relevant parties in line with the Declaration of Principles signed in 2015.

He stressed his country’s commitment to the AU-sponsored talks and solutions under Tshisekedi’s leadership.

Cairo and Khartoum demand forming an international quartet led by the Democratic Republic of Congo, and including the AU, the United States, the European Union and the United Nations, to reach a breakthrough in the stalled negotiations.

According to informed sources, Tshisekedi presented an initiative to bring together the three disputed parties to the table of discussions again and reach an agreement before the second filling.

The last round of failed talks between the three countries was held in April in the Democratic Republic of Congo.

On Tuesday, Egyptian President Abdel Fattah el-Sisi voiced concern about the ongoing crisis with Ethiopia.

He said the negotiations are “worrisome” and need “patience,” urging his people to trust the political leadership. He also reassured them that Cairo will not undermine its water rights.

Cairo considers the dam an “existential issue” and has repeatedly stressed that it will not allow its water interests to be harmed.

Addis Ababa finished in July 2020 the first phase of filling the reservoir, in preparation for its operation, achieving its target of 4.9 billion cubic meters. This year, it targets filling an additional 13.5 billion cubic meters.



Netanyahu to Discuss Iran, Next Phase of Gaza Plan with Trump

Israeli Prime Minister Benjamin Netanyahu (C), Cypriot President Nikos Christodoulides (L) and Greek Prime Minister Kyriakos Mitsotakis (R) hold a joint press conference after a trilateral meeting at the Citadel of David Hotel in Jerusalem, 22 December 2025. EPA/ABIR SULTAN / POOL
Israeli Prime Minister Benjamin Netanyahu (C), Cypriot President Nikos Christodoulides (L) and Greek Prime Minister Kyriakos Mitsotakis (R) hold a joint press conference after a trilateral meeting at the Citadel of David Hotel in Jerusalem, 22 December 2025. EPA/ABIR SULTAN / POOL
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Netanyahu to Discuss Iran, Next Phase of Gaza Plan with Trump

Israeli Prime Minister Benjamin Netanyahu (C), Cypriot President Nikos Christodoulides (L) and Greek Prime Minister Kyriakos Mitsotakis (R) hold a joint press conference after a trilateral meeting at the Citadel of David Hotel in Jerusalem, 22 December 2025. EPA/ABIR SULTAN / POOL
Israeli Prime Minister Benjamin Netanyahu (C), Cypriot President Nikos Christodoulides (L) and Greek Prime Minister Kyriakos Mitsotakis (R) hold a joint press conference after a trilateral meeting at the Citadel of David Hotel in Jerusalem, 22 December 2025. EPA/ABIR SULTAN / POOL

Prime Minister Benjamin Netanyahu said on Monday he will discuss Iran's nuclear activities during his visit next week with US President Donald Trump.

Speaking at a joint press conference with Greek Prime Minister Kyriakos Mitsotakis and Cypriot President Nikos Christodoulides in Jerusalem, Netanyahu said Israel was aware Iran had been conducting "exercises" recently, without elaborating. Earlier on Monday, Iranian state media reported Iran had held missile drills in various cities during the day, the second such reported exercise in a ‌month.

Western powers regard ‌Iran's ballistic missile arsenal as both a conventional ‌military ⁠threat to Middle ‌East stability and a possible delivery mechanism for nuclear weapons should Tehran develop them. It denies any intent to build atomic bombs, Reuters reported.

Relations between eastern Mediterranean neighbors Israel, Greece and Cyprus have grown stronger over the past decade, with shared concerns over Türkiye’s influence in the region.

ISRAEL NOT SEEKING CONFRONTATION: NETANYAHU

Despite "great achievements" during a 12-day war with Iran in June, Netanyahu said basic Israeli and US ⁠expectations of Iran were unchanged, including lowering its uranium enrichment level.

"Obviously it will be an item ‌in our discussions," he said of his meeting ‍with Trump next week, adding, "We are ‍not seeking confrontation with" Iran but rather, "stability, prosperity and peace."

Still, Netanyahu said the ‍focus of his discussions with Trump in Washington will be on moving to the next phase of Trump's Gaza plan as well as dealing with Lebanon's Iran-based Hezbollah militants.

He cited Israel's "desire to see a stable sovereign Lebanon" and efforts to prevent the blocking of international shipping by Yemen's Iran-aligned Houthi forces.

Netanyahu, Mitsotakis and Christodoulides agreed to deepen security cooperation, while Netanyahu said the three ⁠countries intended to advance an initiative to connect India to Europe via the Middle East by sea and rail.

Christodoulides described the projects as offering a "southeastern gateway connecting Europe with the Middle East and beyond."

The three countries said they would seek to advance an undersea power cable project to integrate their electricity grids with Europe and the Arabian Peninsula.

Mitsotakis said Greece was a gateway for liquefied natural gas. "(It) is a new energy hub in southeastern Europe." Interconnection projects, he said, remained a key priority for the three countries.

Israeli Energy Minister Eli Cohen told Reuters after the press conference the trilateral meeting was important since it comes ‌when there are “countries that are working to uproot regional stability." He did not identify the countries.


Lebanon: Salam Urges Swift Approval of Law Aimed at Paying Back Depositors amid Objections

Lebanese Prime Minister Nawaf Salam. (Reuters)
Lebanese Prime Minister Nawaf Salam. (Reuters)
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Lebanon: Salam Urges Swift Approval of Law Aimed at Paying Back Depositors amid Objections

Lebanese Prime Minister Nawaf Salam. (Reuters)
Lebanese Prime Minister Nawaf Salam. (Reuters)

Lebanese Prime Minister Nawaf Salam urged cabinet to swiftly approve 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.

The 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.

LAW AIMS TO BRING JUSTICE TO DEPOSITORS SAYS PM

The cabinet approved several articles on Monday. Discussions would continue on Tuesday, Information Minister Paul Morcos said. Lebanon's divided parliament must pass the law after cabinet approval.

Salam said the law is realistic and its goal is to ‌do "justice to depositors", ‌also spurring recovery in the banking sector.

Finance Minister Yassine Jaber told Reuters ‌implementation of ⁠the law would ‌boost the economy, pumping deposits of $3-$4 billion annually into the system.

REPAYMENTS DIFFER FOR SMALL, LARGE DEPOSITS

The draft, published on Friday, foresees repayments to small depositors – those with deposits valued at less than $100,000 – in monthly or quarterly instalments over four years.

Deposits larger than $100,000 will be repaid via tradable, asset-backed securities to be issued by the central bank or Banque du Liban (BDL), with no less than 2% of the value paid annually.

The maturity period will be set at 10 years for deposits valued at up to $1 million, at 15 years for deposits valued from $1 million to $5 million, and ⁠at 20 years for deposits valued at more than $5 million.

The securities will be backed by the income, revenues and returns of BDL-owned assets and ‌any proceeds from the sale of assets, if any occur. The ‍draft mentions precious metals, which have soared in value ‍this year, as one possible source of income.

It says commercial banks will bear 20% of the responsibility for ‍payments for the asset-backed securities. It says BDL and commercial banks will jointly finance the payments of the small deposits, with BDL's share not exceeding 60%.

Debt owed by the state to BDL will be converted into a bond whose maturity and interest rate would be agreed between the finance ministry and BDL.

The Association of Banks in Lebanon has objected to the draft, saying on Sunday that the proposals do not reflect banks' ability to meet "their obligations towards depositors" and that the state was not "fulfilling its outstanding debts to BDL".

UNANSWERED QUESTIONS

Mike Azar, an ⁠expert on the financial system, said the law appeared to be intentionally vague on politically sensitive but critical questions.

"For example, what happens if the BDL or the banks can’t pay what they owe to depositors," he said.

Swapping deposits for asset-backed securities issued by BDL could imply a big "contingent state debt," he said. The government has yet to provide quantitative analysis underpinning the plan, including deposit repayment amounts, sources of funding, and bank recapitalization needs, he added.

Jaber noted that the value of BDL's gold assets had risen with the price of gold since 2020, which would help provide confidence in the asset-backed securities.

The law requires an international auditing firm to evaluate BDL's assets within one month to determine the size of the funding shortfall. Banks must also conduct an asset quality review and recapitalize.

The law would write off some dollar deposits.

These would include deposits that resulted from funds being converted into dollars from pounds at ‌the official exchange rate long after it had collapsed as well as deposits containing illicit funds, in accordance with a law to counter money-laundering and financing for terrorism.


Syria State Media Says Kurdish Force Shelling Kills One Person in Aleppo City

A view of Aleppo, Syria in February 2018. (AFP)
A view of Aleppo, Syria in February 2018. (AFP)
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Syria State Media Says Kurdish Force Shelling Kills One Person in Aleppo City

A view of Aleppo, Syria in February 2018. (AFP)
A view of Aleppo, Syria in February 2018. (AFP)

Syrian state media said Kurdish force shelling in Aleppo killed one person on Monday, after clashes with government forces erupted in Kurdish-majority neighborhoods of the city, with both sides trading blame over who started the violence. 

"A civilian was killed in SDF bombardment with mortar shelling and rocket launchers on a number of neighborhoods of Aleppo," state news agency SANA said, referring to the US-backed, Kurdish-led Syrian Democratic Forces. 

Syria's interior ministry had said Kurdish forces attacked government personnel at joint checkpoints in the Kurdish-majority Sheikh Maqsud and Ashrafiyeh neighborhoods of the northern city of Aleppo. 

Authorities had earlier reported two members of the government forces, three civil defense personnel and several civilians were wounded. 

The SDF instead accused "factions affiliated with the interim government" of carrying out an attack. 

It reported two Kurdish-led security personnel and five civilians wounded in an "ongoing attack" on Sheikh Maqsud and Ashrafiyeh involving "mortars and heavy weapons". 

In October, Syria announced a comprehensive ceasefire with Kurdish forces following deadly clashes in the districts, which have repeatedly witnessed heightened tensions. 

Aleppo has been governed by Syria's new authorities since the toppling of former leader Bashar al-Assad in December last year. 

But Sheikh Maqsud and Ashrafiyeh have remained under the control of Kurdish units linked to the SDF and the Kurds' Asayish domestic security forces, despite the SDF having officially withdrawn in April under a disengagement agreement reached with the government.