Egyptian President Abdel Fattah El Sisi is running out of options to retain his people's share of the Nile's waters. AFP
Egyptian President Abdel Fattah El Sisi is running out of options to retain his people's share of the Nile's waters. AFP
Egyptian President Abdel Fattah El Sisi is running out of options to retain his people's share of the Nile's waters. AFP
Egyptian President Abdel Fattah El Sisi is running out of options to retain his people's share of the Nile's waters. AFP

Egypt ponders its next Nile dam move after Security Council setback


Hamza Hendawi
  • English
  • Arabic

Egypt’s failure to use the UN Security Council to force a breakthrough in its dispute with Ethiopia over a Nile dam Addis Ababa is building has left it grappling with a delicate damage-control task.

Cairo had hoped last Thursday’s Security Council meeting on the Grand Ethiopian Renaissance Dam would bring renewed energy to protracted negotiations between Ethiopia and downstream nations Egypt and Sudan.

Instead, the second filling of the hydroelectric dam looks set to go ahead despite vehement opposition from Cairo and Khartoum.

This leaves Egypt struggling to contain the fallout from its diplomatic setback and running out of options to protect its share of the Nile’s waters.

Senior government officials are at pains to highlight the “benefits” of going to the council while they deliberate the way ahead.

Curiously, no one has mentioned the prospect of resuming the negotiations that acrimoniously broke down in April.

That was not unexpected given the concern of many Egyptians over the impact of the dam on their lives and the sensitive questions likely to be raised about the government’s handling of the crisis.


  • A satellite image shows the Grand Ethiopian Renaissance Dam on the Blue Nile river in the Benishangul-Gumuz region of Ethiopia on Tuesday, July 28, 2020. Maxar Technologies via AP
    A satellite image shows the Grand Ethiopian Renaissance Dam on the Blue Nile river in the Benishangul-Gumuz region of Ethiopia on Tuesday, July 28, 2020. Maxar Technologies via AP
  • A satellite image of the Grand Ethiopian Renaissance Dam and reservoir behind it on June 26, 2020. Maxar Technologies via Reuters
    A satellite image of the Grand Ethiopian Renaissance Dam and reservoir behind it on June 26, 2020. Maxar Technologies via Reuters
  • A satellite image of the Grand Ethiopian Renaissance Dam and reservoir behind it 16 days later on July 12, 2020. Maxar Technologies via Reuters
    A satellite image of the Grand Ethiopian Renaissance Dam and reservoir behind it 16 days later on July 12, 2020. Maxar Technologies via Reuters
  • The Grand Ethiopian Renaissance Dam and the Blue Nile River in Ethiopia on July 12, 2020. Maxar Technologies via Reuters
    The Grand Ethiopian Renaissance Dam and the Blue Nile River in Ethiopia on July 12, 2020. Maxar Technologies via Reuters
  • An aerial view Grand Ethiopian Renaissance Dam on the Blue Nile River in Guba, northwest Ethiopia, on the 20th July. AFP
    An aerial view Grand Ethiopian Renaissance Dam on the Blue Nile River in Guba, northwest Ethiopia, on the 20th July. AFP
  • An aerial view Grand Ethiopian Renaissance Dam on the Blue Nile River in Guba, northwest Ethiopia, on the 20th July. AFP
    An aerial view Grand Ethiopian Renaissance Dam on the Blue Nile River in Guba, northwest Ethiopia, on the 20th July. AFP
  • An aerial view Grand Ethiopian Renaissance Dam on the Blue Nile River in Guba, northwest Ethiopia, on the 20th July. AFP
    An aerial view Grand Ethiopian Renaissance Dam on the Blue Nile River in Guba, northwest Ethiopia, on the 20th July. AFP

“The comments made by council members reflected the concern over the issue and the necessity to reach an agreement through the African Union, and that in itself is an achievement,” Egyptian Foreign Minister Sameh Shoukry said at the weekend.

“The meeting offered Egypt an opportunity to place within an official framework the history and chronology of 10 years of negotiations”, he said, offering an upbeat account of the meeting.

Egypt went to the council firmly convinced that right was on its side in the decade-long dispute over the dam, which is being built on the Blue Nile, the river’s main tributary.

But at the end, there was neither support nor much sympathy for Egypt’s case.


Egyptian Foreign Minister Sameh Shoukry publicly claimed that Security Council members neglected their duty and prioritised their own national interests over the need to maintain stability in a combustible region. AP
Egyptian Foreign Minister Sameh Shoukry publicly claimed that Security Council members neglected their duty and prioritised their own national interests over the need to maintain stability in a combustible region. AP

The outcome stunned Egypt as council members, including those counted by Cairo as allies and friends, were reluctant to take its side or denounce Ethiopia’s unilateral actions.

Instead, public comments by council members ignored Egypt’s argument that its very existence was on the line.

Responding to comments made by council members that issues of water and transnational rivers are best settled outside the 15-nation body, Mohamed Anis Salem of the Egyptian Council for Foreign Affairs said national security issues have been redefined over the past 20 years to include health, refugees, water and food.

“The council is failing in its role to engage in new security issues,” said Mr Salem, who is also a former Egyptian ambassador.

“Going to the Security Council was the natural step given the impasse in the negotiations process, but members are listening to their own interests and they don’t want to create dangerous precedents.”

The council has taken no action following the meeting, incensing Mr Shoukry who publicly claimed that Security Council members neglected their duty and prioritised their own national interests over the need to maintain security and stability in a combustible region.

On Sunday, the foreign ministers of Egypt and Sudan left New York for Brussels and Moscow respectively, signalling the possible end of any prospect for action by the council on the dam.

Officials, experts and pro-government TV talk show hosts have sought to deflect from the disappointment felt by Egyptians who had pinned so much hope on the council.

They praised the meeting, the second by the council on the dam in consecutive years, as a diplomatic victory.

Others said Egypt succeeded in showing the world that Ethiopia’s “intransigence” was threatening the security and stability of the East Africa and Horn of Africa regions.

The talk show hosts heaped lavish praise on Mr Shoukry’s address to the council, saying it was authoritative and compelling.

One host, the popular Amr Adeeb of the Saudi-owned MBC Masr, went so far as to invite an expert who interpreted as both comfortable and confident Mr Shoukry’s body language while delivering his comments to the council.

In reality, however, the outcome of the meeting has come as a painful reality check for a country that has heavily invested in one diplomatic offensive after another across much of the world to argue its case on the dam and portray Ethiopia as the villain.

“The bitter and painful truth is that we did not achieve what we had hoped for in the Security Council meeting last Thursday,” Imad Hussein, editor of the Cairo daily Al Shorouk, wrote in its Sunday edition.

“What happened in the Security Council should be a wake-up call that we hold ourselves accountable and ask how did we come to this diplomatic end when Ethiopia, which is internally vulnerable and is experiencing a quasi-civil war, succeed in convincing the world of its viewpoint?”


The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

Neil Thomson – THE BIO

Family: I am happily married to my wife Liz and we have two children together.

Favourite music: Rock music. I started at a young age due to my father’s influence. He played in an Indian rock band The Flintstones who were once asked by Apple Records to fly over to England to perform there.

Favourite book: I constantly find myself reading The Bible.

Favourite film: The Greatest Showman.

Favourite holiday destination: I love visiting Melbourne as I have family there and it’s a wonderful place. New York at Christmas is also magical.

Favourite food: I went to boarding school so I like any cuisine really.

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
if you go

The flights

Emirates offer flights to Buenos Aires from Dubai, via Rio De Janeiro from around Dh6,300. emirates.com

Seeing the games

Tangol sell experiences across South America and generally have good access to tickets for most of the big teams in Buenos Aires: Boca Juniors, River Plate, and Independiente. Prices from Dh550 and include pick up and drop off from your hotel in the city. tangol.com

 

Staying there

Tangol will pick up tourists from any hotel in Buenos Aires, but after the intensity of the game, the Faena makes for tranquil, upmarket accommodation. Doubles from Dh1,110. faena.com

 

The specs: 2018 Chevrolet Trailblazer

Price, base / as tested Dh99,000 / Dh132,000

Engine 3.6L V6

Transmission: Six-speed automatic

Power 275hp @ 6,000rpm

Torque 350Nm @ 3,700rpm

Fuel economy combined 12.2L / 100km

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

MATCH INFO

Bangla Tigers 108-5 (10 ovs)

Ingram 37, Rossouw 26, Pretorius 2-10

Deccan Gladiators 109-4 (9.5 ovs)

Watson 41, Devcich 27, Wiese 2-15

Gladiators win by six wickets

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

UAE players with central contracts

Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.

Australia tour of Pakistan

March 4-8: First Test, Rawalpindi  

March 12-16: Second Test, Karachi 

March 21-25: Third Test, Lahore

March 29: First ODI, Rawalpindi

March 31: Second ODI, Rawalpindi

April 2: Third ODI, Rawalpindi

April 5: T20I, Rawalpindi

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

Updated: July 12, 2021, 4:57 PM