Egypt, Sudan Seek to Resume GERD Negotiations

Egyptian Foreign Minister Sameh Shoukry with the Deputy Prime Minister receiving Congo's Foreign Minister Christophe Lutundula (Egypt's Foreign Ministry)
Egyptian Foreign Minister Sameh Shoukry with the Deputy Prime Minister receiving Congo's Foreign Minister Christophe Lutundula (Egypt's Foreign Ministry)
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Egypt, Sudan Seek to Resume GERD Negotiations

Egyptian Foreign Minister Sameh Shoukry with the Deputy Prime Minister receiving Congo's Foreign Minister Christophe Lutundula (Egypt's Foreign Ministry)
Egyptian Foreign Minister Sameh Shoukry with the Deputy Prime Minister receiving Congo's Foreign Minister Christophe Lutundula (Egypt's Foreign Ministry)

Egypt and Sudan said Thursday that they aim to resume negotiations with Addis Ababa on the Ethiopian Grand Renaissance Dam (GERD) at the earliest opportunity.

The UN Security Council adopted a statement Wednesday encouraging Egypt, Ethiopia, and Sudan "to resume negotiations" under the auspices of the African Union (AU) to swiftly conclude a deal on the controversial mega-dam.

The Council called upon the three countries to resume talks "in a constructive and cooperative manner” in order "to finalize expeditiously the text of [a] mutually acceptable and binding agreement on the filling and operation of the GERD."

Ethiopia expressed disappointment that the Council pronounced itself over a water rights and development issue outside of its jurisdiction.

Meanwhile, Egyptian Foreign Minister Sameh Shoukry met in Cairo with Deputy Prime Minister and Foreign Minister of Congo Christophe Lutundula as part of a tour that includes Khartoum and Addis Ababa.

The Republic Democratic of Congo (DRC) chairs the African Union this year.

During a joint press conference, Shoukry affirmed Egypt's willingness to receive invitations to resume the AU-sponsored GERD talks with Sudan and Ethiopia "at the earliest opportunity."

He indicated that the talks should be supported by the "active participation" of the international community to back the chair of the AU and reach a legally binding solution on the filling and operation of the dam.

The Egyptian FM said this support should also help "apply the principle of 'African Solutions to African Problems' and enhance the role of the AU's chair by giving them the chance to resort to international observers agreed upon by the three states."

Shoukry also said that he hopes the "African chairmanship will make a suitable decision that meets the aspirations of not only the three countries but also the international community, now represented in the Security Council."

The minister highlighted the importance of time in the GERD negotiations as indicated by the UNSC's statement, which called for resuming the talks and reaching a binding agreement within a reasonable timeframe.

Shoukry affirmed Egypt's "full readiness and flexibility" to study the proposals introduced based on the Congolese plan and provide DR Congo's presidency feedback about this document that "will contribute positively to relaunching the negotiations process."

He noted that a timeframe for the negotiations should be determined after they are launched.

Lutundula said he and Shoukry held "positive" discussions, hoping that a solution would be reached to the decade-long dispute.

Sudan hailed the UNSC's presidential statement as "balanced and takes into consideration the interests of the three sides."

The Foreign Ministry issued a statement affirming its readiness to engage in the AU-sponsored talks.

The Security Council's statement also reflects the importance the Council attaches to "this critical issue and its keenness to find a solution to avoid its repercussions on security and peace in the region," read Sudan's statement.

Lutundula arrived in Khartoum Thursday, and the Sudanese Foreign Minister, Maryam Al-Mahdi, said that Sudan looks forward to resuming the negotiations under AU leadership, stressing the need to change the ineffective methodology that prevailed in the previous rounds of talks.

The ministry said the negotiations should be conducted under a new methodology and tangible political will so that parties sign a binding agreement that considers their interests.

It should lead the three countries to a "binding agreement on the filling and operation of GERD following the fifth article of the statement that gives observers a facilitating role in the negotiation process," the Sudanese ministry added.

Lutundula handed Sudanese Foreign Minister Mariam Al-Sadiq Al-Mahdi a document on GERD prepared by a team of joint experts from the Congolese presidency and the AU Commission.

The document contains a brief of the points of agreement and disagreement among Egypt, Sudan, and Ethiopia regarding the dam for the experts to study and work on bringing the three countries' views closer to help them reach a satisfying deal.

In return, Ethiopia announced that it would not recognize any claims that might be raised based on the Security Council's statement.

Ethiopia's UN delegation said the statement in a non-legally binding form, adding that the statement took the proper position by referring the matter to the AU.

Ethiopia also attacked Tunisia's position on the Security Council statement, saying: "Tunisia made a historical mistake by requesting a position from the Security Council."



Israeli Defense Minister: We Will Never Withdraw our Forces from Gaza

Israeli Defense Minister Israel Katz. (dpa)
Israeli Defense Minister Israel Katz. (dpa)
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Israeli Defense Minister: We Will Never Withdraw our Forces from Gaza

Israeli Defense Minister Israel Katz. (dpa)
Israeli Defense Minister Israel Katz. (dpa)

Israeli Defense Minister Israel Katz said on Tuesday that Israel “will never withdraw from the Gaza Strip,” announcing that new settlement outposts will be established in the northern part of the enclave “when the appropriate time comes.”

Israeli media reported that Katz made the remarks during a ceremony held in Beit El, stating: “We will do this in the right way and at the right time. There will be those who protest, but we are ministers.”


A Shaky Start for Lebanon’s Financial Gap Bill

Depositors hold protest banners against the draft deposit recovery law during popular demonstrations on the road to the Presidential Palace (Asharq Al-Awsat). 
Depositors hold protest banners against the draft deposit recovery law during popular demonstrations on the road to the Presidential Palace (Asharq Al-Awsat). 
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A Shaky Start for Lebanon’s Financial Gap Bill

Depositors hold protest banners against the draft deposit recovery law during popular demonstrations on the road to the Presidential Palace (Asharq Al-Awsat). 
Depositors hold protest banners against the draft deposit recovery law during popular demonstrations on the road to the Presidential Palace (Asharq Al-Awsat). 

A widening wave of objections in Lebanon to the draft “financial gap” bill has exposed the hurdles facing its passage in parliament.

Prepared by a ministerial and legal committee chaired by Prime Minister Nawaf Salam, the bill has drawn resistance from influential political and sectoral actors, bolstering the opposition voiced by depositors’ associations and the banking lobby.

Conflicting ministerial positions ahead of Monday’s special cabinet session to review the final draft underscore the sharp disputes likely to intensify once the bill is formally sent to parliament, a senior financial official told Asharq Al-Awsat.

With parliamentary elections due next spring, candidates are wary of confronting voters or powerful interest groups.

According to the government’s forthcoming brief, the bill marks the end of years of disorder and the start of a clear path to restore rights, protect social stability, and rebuild confidence in the financial system after six years of paralysis, silent erosion of deposits, and crisis mismanagement.

It is framed not as a narrow technical fix, but as a strategic shift, from denying losses and letting them fall haphazardly, to acknowledging and organizing them within an enforceable legal framework.

The government argues the plan would protect about 85% of depositors by enabling access to a guaranteed portion of savings, up to $100,000 over four years, while preserving the nominal value of all deposits via central bank–guaranteed bonds maturing in 10, 15, and 20 years.

Banks, however, have openly declared their “fundamental reservations and strong objection” to the bill on financial regularization and deposit treatment.

Professional associations and unions have joined depositors’ groups in opposing proposals they say would load the bulk of losses onto depositors, either through direct haircuts or by stretching repayment over one to two decades.

The Beirut Order of Engineers added its voice, warning that the near-final draft manages collapse rather than delivers reform, distributing losses unfairly at the expense of depositors and productive sectors, and failing to explicitly protect union funds.

Legal objections have also surfaced over provisions with retroactive effect, taxes, levies, and accounting adjustments applied to transfers made after the crisis erupted in autumn 2019, as well as to past deposit returns.

Banks say such measures constitute an unjustified infringement of rights and lack sound legal and financial grounding or precedent.

The financial official noted that these retroactive elements could be challenged before the State Council, as they contradict the principle that laws apply only after promulgation. Most transactions, he added, were conducted under then-valid laws and central bank approvals.

By contrast, previous governments compelled the central bank to spend more than $11 billion on poorly controlled subsidies, much of which was smuggled abroad, notably to Syrian markets.

Banks insist that any credible solution must begin with a precise, transparent assessment of the financial gap at the Central Bank, based on audited, unified accounts and realistic financial modeling.

They argue that the plan effectively wipes out banks’ capital and - under loss-sharing rules set by Law 23/2025 - ultimately hits depositors, while the state avoids settling its debts to the central bank or covering its balance-sheet shortfall.

 

 

 


Gazans Fear Renewed Displacement after Israeli Strikes

This overview shows a destroyed mosque and other buildings in Khan Younis in the southern Gaza Strip on October 7, 2024 on the first anniversary of the ongoing war in the Palestinian territory between Israel and Hamas. (AFP)
This overview shows a destroyed mosque and other buildings in Khan Younis in the southern Gaza Strip on October 7, 2024 on the first anniversary of the ongoing war in the Palestinian territory between Israel and Hamas. (AFP)
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Gazans Fear Renewed Displacement after Israeli Strikes

This overview shows a destroyed mosque and other buildings in Khan Younis in the southern Gaza Strip on October 7, 2024 on the first anniversary of the ongoing war in the Palestinian territory between Israel and Hamas. (AFP)
This overview shows a destroyed mosque and other buildings in Khan Younis in the southern Gaza Strip on October 7, 2024 on the first anniversary of the ongoing war in the Palestinian territory between Israel and Hamas. (AFP)

When her children, trembling with fear, ask where the family can go to escape Israel's continued bombardment in southern Gaza's Khan Yunis area, Umm Ahmed has no answer.

In her small, devastated village near Khan Yunis city, recent Israeli drone and artillery strikes shattered the tenuous sense of peace delivered by a ceasefire that has largely held since October 10, AFP said.

Residents say the strikes have targeted neighborhoods east of the so-called Yellow Line -- a demarcation established under the truce between Israel and Hamas.

The Israeli military says its troops are deployed in the area in accordance with the ceasefire framework, accusing Hamas militants of "crossing the Yellow Line and carrying out terrorist activities".

More than two years after Hamas's October 7 attack on Israel sparked a devastating war, tens of thousands of Gazans still live in tents or damaged homes in these areas, where the Israeli army maintains control and operates checkpoints.

Now, many fear being forced from their homes, compelled to move west of the Yellow Line.

"We don't sleep at night because of fear. The bombardments in the east are relentless," said Umm Ahmed, 40.

"My children tremble at every explosion and ask me, 'Where can we go?' And I have no answer."

Her home in Bani Suheila has been completely destroyed, yet the family has stayed, pitching a tent beside the ruins.

"Staying close to our destroyed home is easier than facing the unknown," Umm Ahmed said.

Crossing the Yellow Line to Al-Mawasi, west of Khan Yunis, is not an option for them.

There, makeshift camps stretch as far as the eye can see, housing tens of thousands of Palestinians who fled the fighting.

"There is no place left for anyone there, and not enough food or water," Umm Ahmed said, as Gaza remains trapped in a catastrophic humanitarian crisis.

- 'We will not leave' -

The Israeli military blames continued threats from the Hamas group for its actions in the area.

The Israeli military said in a statement to AFP that the army’s “current operations in Gaza, and their deployment in the Yellow Line area in particular, are carried out to address direct threats from terrorist organizations in Gaza.”

The war in Gaza began with Hamas's attack on Israel on October 7, 2023 that resulted in the deaths of 1,221 people, mostly civilians, according to an AFP tally based on official Israeli figures.

Since the war began, more than 70,000 people have been killed in Gaza, according to the Hamas-run territory's health ministry.

The vast majority of Gaza's more than two million residents were displaced during the war, many multiple times.

A fragile ceasefire has been in place since October 10, though both sides regularly accuse each other of violations.

Under the truce, Israeli forces withdrew to positions east of the Yellow Line.

Earlier this month, Israeli army chief Lieutenant General Eyal Zamir described the Yellow Line as the "new border line" with Israel.

"The Yellow Line is a new border line -- serving as a forward defensive line for our communities and a line of operational activity," he said to reserve soldiers in Gaza.

For Palestinian officials, the line is seen as a tool for permanent displacement.

"The objective is to frighten residents, expel them from their areas, and force them west," said Alaa al-Batta, mayor of Khan Yunis, denouncing the bombardments as "violations of the ceasefire agreement".

Mahmud Baraka, 45, from Khuzaa, east of Khan Yunis, described constant artillery fire and home demolitions in the area.

"It feels like we are still living in a war zone," he said.

"Explosions happen as if they are right next to us. The objective of the occupation is clear: to intimidate us and drive us out, so the region is emptied."

For now, residents feel trapped between bombardment and displacement, uncertain how long they can endure.

Despite the danger, Abdel Hamid, 70, refuses to leave his home located north of Khan Yunis, where he lives with his five children.

"We will not leave... this is our land," he said.

"Moving would not be a solution, but yet another tragedy."