Egypt takes its beef with Turkey to the UN: Egypt has asked the UN not to recognize the maritime and security agreements signed between Turkey and Libya, calling them “illegal and groundless” in letters sent to the UN secretary-general and the Security Council, diplomatic sources said, according to Ekathimerini. The government says that the agreements violate UNSC resolutions on Libya and allow the transfer of weapons to militias in the west of the country. The agreements signed between Turkish President Recep Tayyip Erdogan and Libya’s Tripoli-based Prime Minister Fayez Al Serraj at the end of November have drawn sharp criticism from Egypt, Greece, and Cyprus for their potential to pave the way for sea border demarcation agreements that could disregard the rights of other Mediterranean countries.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…