1Now Yahweh said to Abram, “Leave your country, and your relatives, and your father’s house, and go to the land that I will show you. 2I will make of you a great nation. I will bless you and make your name great. You will be a blessing. 3I will bless those who bless you, and I will curse him who treats you with contempt. All the families of the earth will be blessed through you.”
4So Abram went, as Yahweh had told him. Lot went with him. Abram was seventy-five years old when he departed from Haran. 5Abram took Sarai his wife, Lot his brother’s son, all their possessions that they had gathered, and the people whom they had acquired in Haran, and they went to go into the land of Canaan. They entered into the land of Canaan. 6Abram passed through the land to the place of Shechem, to the oak of Moreh. At that time, Canaanites were in the land.
7Yahweh appeared to Abram and said, “I will give this land to your offspring.”
He built an altar there to Yahweh, who had appeared to him. 8He left from there to go to the mountain on the east of Bethel and pitched his tent, having Bethel on the west, and Ai on the east. There he built an altar to Yahweh and called on Yahweh’s name. 9Abram traveled, still going on toward the South.
10There was a famine in the land. Abram went down into Egypt to live as a foreigner there, for the famine was severe in the land. 11When he had come near to enter Egypt, he said to Sarai his wife, “See now, I know that you are a beautiful woman to look at. 12It will happen that when the Egyptians see you, they will say, ‘This is his wife.’ They will kill me, but they will save you alive. 13Please say that you are my sister, that it may be well with me for your sake, and that my soul may live because of you.”
14When Abram had come into Egypt, Egyptians saw that the woman was very beautiful. 15The princes of Pharaoh saw her, and praised her to Pharaoh; and the woman was taken into Pharaoh’s house. 16He dealt well with Abram for her sake. He had sheep, cattle, male donkeys, male servants, female servants, female donkeys, and camels. 17Yahweh afflicted Pharaoh and his house with great plagues because of Sarai, Abram’s wife. 18Pharaoh called Abram and said, “What is this that you have done to me? Why didn’t you tell me that she was your wife? 19Why did you say, ‘She is my sister,’ so that I took her to be my wife? Now therefore, see your wife, take her, and go your way.”
20Pharaoh commanded men concerning him, and they escorted him away with his wife and all that he had.
The Abrahamic covenant was an unconditional and unilateral covenant between Yahweh and Abram that was intended to be fulfilled over the centuries. Yahweh promised to Abraham to accomplish this through Isaac and his posterity eventuating in the people of Israel. The covenant is composed of three basic components. First, the land covenant guarantees that the land that He gave to Abram would be perpetually given to the physical seed of Abraham through Isaac. The second part of the covenant is that the seed of Abraham would have a ruler who would rule from Jerusalem, King David and his posterity, culminating through David's son, Jesus, who will reign on the throne of Israel from Jerusalem, over the people of Israel, and the world. Third, Yahweh promised that through Abraham that not only Israel but all the nations of the earth would be blessed in connection with the covenant to Abram. This is fulfilled by Jesus offering salvation to the entire world for those who believe in His work of redemption on the cross and in His resurrection. Paul speaks of this aspect of the covenant in Galatians 3:8, 16.