Egypt and Sudan welcomed a UN Security Council statement on their dispute with Ethiopia over a hydroelectric Nile dam being built by Addis Ababa, despite the international body’s reluctance to become directly involved in the long-running row.
The two downstream nations had wanted the Security Council to directly intervene in the dispute with upstream Ethiopia, but the international body instead urged the three nations to return to negotiations led by the African Union.
The council said late on Wednesday that the three should “finalise expeditiously” a deal on filling and operating the multibillion-dollar Grand Ethiopian Renaissance Dam.
When completed, the dam on the Blue Nile – the source of more than 80 per cent of the river’s water – will be Africa’s largest and will generate 6,000 megawatts of power.
Ethiopia says the dam is key to its development and will lift millions of its people from poverty. It has repeatedly assured Egypt and Sudan that they have nothing to fear from the dam, which is less than 20 kilometres from the Sudan border.
But Egypt is concerned that the dam could significantly reduce its share of Nile water, on which it depends for almost its entire fresh water needs, wiping out hundreds of thousands of jobs and upending its delicate food balance.
Egyptian President Abdel Fattah El Sisi has said the dam posed an existential threat to his country. In March, he warned of serious instability in the region if his country’s share of the Nile water was reduced.
Sudan, Egypt’s neighbour to the south, insists Ethiopia must co-ordinate the running and filling of the dam quickly to ensure work at its own power-generating dams is not disrupted and destructive floods can be averted. It says the life of half its 40 million people would be at risk if no deal is reached.
Late on Wednesday, the Egyptian Foreign Ministry said the UN Security Council statement amounted to “an important push to current efforts to ensure the success of the African negotiating track".
“This forces Ethiopia to be seriously involved with a genuine political will in negotiations leading to a legally binding agreement on the rules of filling and operating the dam.”
In a statement on Thursday, Sudan also welcomed the UN statement, saying Khartoum hoped it would soon lead to the resumption of negotiations.
"Sudan is ready to be constructively involved in any process leading to the resumption of the negotiations," the Sudanese Foreign Ministry said.
The UN Security Council statement and the Egyptian response came amid of flurry of diplomatic activity that suggests the resumption of talks, which collapsed in April, could be imminent.
Christophe Lutundula, foreign minister of the Democratic Republic of Congo, the current African Union chair, was in Khartoum, Sudan’s capital, on Wednesday and was expected in Cairo on Thursday for talks.
Egypt’s intelligence chief, Abbas Kamel, flew to Khartoum on Wednesday on a previously unannounced visit. Mr El Sisi on Tuesday spoke to DRC President Felix Tshisekedi by telephone.
Egypt and Sudan, bound by close political, economic and military ties, want Ethiopia to enter a legally binding agreement on the filling and operating of the dam as well as mechanisms to deal with future drought and disputes.
They also wanted outside parties such as the US, European Union and the UN to be involved in the negotiations. They said a year of negotiations under the leadership of the African Union has yielded no progress.
Ethiopia says guidelines, not a legally binding deal, on the filling and operating of the dam should suffice. It rejects the involvement of outside parties in the talks, arguing that the dispute is an African issue that should be settled by Africans.
Egypt and Sudan initially wanted the UN Security Council to issue a resolution that would declare the dispute a threat to security and stability in the region.
A draft resolution tabled by non-permanent member Tunisia included an outline of the grave dangers the dam posed to Egypt and Sudan.
After the council released its statement, Ethiopia’s UN ambassador Taye Atske Selassie said the row was beyond the council’s remit.
“The council deals only with threats to international peace and security,” Mr Selassie said. “The tripartite negotiation is the only way to reach a conclusion on the matter.”
Egypt’s deputy UN ambassador Osama Abdelkhalek said Cairo’s concerns had been “duly considered” by the council.
“Egypt was always supportive of the right of Ethiopia to generate electricity,” Mr Abdelkhalek said. “But equally of the same right of the two downstream countries, Egypt and Sudan, to guarantee their water security to have safeguards when it comes to their existential needs of water.”
Additional reporting by James Reinl in New York.
Fast%20X
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Louis%20Leterrier%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Vin%20Diesel%2C%20Michelle%20Rodriguez%2C%20Jason%20Statham%2C%20Tyrese%20Gibson%2C%20Ludacris%2C%20Jason%20Momoa%2C%20John%20Cena%2C%20Jordana%20Brewster%2C%20Nathalie%20Emmanuel%2C%20Sung%20Kang%2C%20Brie%20Larson%2C%20Helen%20Mirren%20and%20Charlize%20Theron%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
The years Ramadan fell in May
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
The biog
Age: 32
Qualifications: Diploma in engineering from TSI Technical Institute, bachelor’s degree in accounting from Dubai’s Al Ghurair University, master’s degree in human resources from Abu Dhabi University, currently third years PHD in strategy of human resources.
Favourite mountain range: The Himalayas
Favourite experience: Two months trekking in Alaska
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
The years Ramadan fell in May