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.
