Will Egypt agree to sell Nile waters?
Wall Street has started trading in water futures contracts, just like gold, oil and basic commodities, coinciding with the stalled negotiations between Egypt, Ethiopia and Sudan over the Grand Ethiopian Renaissance Dam, which raises the question of whether Egypt will agree to sell the Nile waters.
CAIRO — As of Dec. 8, Wall Street started trading futures contracts in water, just as it does in gold, oil and basic commodities. This is the first time trading in water as a commodity has taken place in any stock market.
This comes at a time when negotiations between Egypt, Ethiopia and Sudan on the Grand Ethiopian Renaissance Dam (GERD) are at a standstill, which raises the question of whether Egypt will agree to sell Nile waters.
