Government committed to facilitate easy financing for private sector: Finance Minister    Egyptian, Chinese transport officials discuss bilateral cooperation    Health Ministry adopts rapid measures to implement comprehensive health insurance: Abdel Ghaffar    Rafah crossing closure: Over 11k injured await vital treatment amidst humanitarian crisis in Gaza    Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    Egypt sets EGP 4b investment plan for Qena governorate    Russian refinery halts operations amid attacks    NBE, CIB receive awards at EBRD Annual Meetings    Egypt's gold prices increase on Sunday    Partnership between HDB, Baheya Foundation: Commitment to empowering women    China's pickup truck sales rise 4.4% in April    Venezuela's Maduro imposes 9% tax for pensions    Health Minister emphasises state's commitment to developing nursing sector    20 Israeli soldiers killed in resistance operations: Hamas spokesperson    Sudan aid talks stall as army, SPLM-N clash over scope    Microsoft eyes relocation for China-based AI staff    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Niger restricts Benin's cargo transport through togo amidst tensions    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt tells Ethiopia it will negotiate over Nile
Published in Daily News Egypt on 22 - 04 - 2011

ADDIS ABABA: Egypt's ambassador to Ethiopia said Thursday that his government is willing to negotiate disputed Nile River issues with Ethiopia, including a colonial-era treaty that gives Egypt a majority stake in the river.
Ambassador Tarik Ghoneim said Egypt's new government wants to start discussions with all nine Nile countries about using waters in the best interest of all.
"Everything is on the table," he said.
Egypt has previously refused any deal that would reduce its share of the Nile and give more access to other countries. A 1929 treaty gives Egypt majority rights to the Nile's waters.
Under the pact, Egypt is entitled to 55.5 billion cubic meters a year, the lion's share of the Nile's total flow of around 84 billion cubic meters, despite the fact some 85 percent of the water originates in Ethiopia.
"We shouldn't look back to the past," Ghoneim said. "It would be very healthy and good for us to be very transparent and be very open and discuss everything. This will lead us to finding this win-win situation."
Ethiopian plans to build a hydroelectric power dam along the Blue Nile River had drawn objections from Egypt and Sudan.
Ghoneim did not give details on what agreements may be reached about the $5 billion hydropower dam. But he said Egypt's prime minister will visit Ethiopia soon to learn more about the dam.
"We have to know more details in order for us to engage in a project of this magnitude," Ghoneim said. "We would like to listen to Ethiopia and understand more."
Ethiopian officials welcomed the offer.
"There is a new momentum in Egypt after the revolution," said Foreign Minister Hailemariam Dessalegn.
According to a Reuteres report, Ethiopia will deny Egypt a chance to examine the dam unless Cairo inks a new deal relinquishing its veto powers over allocation of the river's waters, an official said on Thursday.
"We are ready to negotiate and engage ourselves at the higher and technical level, but we are an independent country," Desalegn said. "The cooperative framework agreement (signed by upstream countries) gives this option (examination) to all countries, so we have to engage ourselves to an agreement where we can work together equally," he told a news conference.
Ethiopia has built five huge dams over the last decade and aims to produce 15,000 MW of power within 10 years to overcome chronic power shortages and export to other energy-starved African countries.
Analysts have expressed fears that the dispute over the river could spark war. Tensions rose last month when Burundi joined five other countries — Ethiopia, Kenya, Uganda, Rwanda, Tanzania — and signed the new pact.
Egypt, threatened by rising temperatures and a growing population, is almost entirely dependent on the Nile for its water and has been nervously watching hydro-electric power dam projects take shape in upriver nations. –Additional reporting by Reuters


Clic here to read the story from its source.