Tuesday, May 4, 2010

Egyptian press accuses Israel of declaring economic war

Media reports say Jewish state pressured countries in Nile area to harden stance against Cairo vis-à-vis River’s water distribution. The Egyptian Minister of Water and Irrigation DR. Mohamed Nasr Eddin warned the Nile basin countries that if a new agreement over water distribution is not reached, they will suffer financial damages of $20 billion (about NIS 74 billion). According to Eddin, as many as 24 projects are in danger of being cancelled if disagreements between the countries are not resolved soon. Among the planned projects are the Irrigation of the western Delta area, irrigation in Ethiopia and a project to connect the electricity grids of Egypt, Sudan and Ethiopia. Read more…

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