• A satellite image of the Grand Ethiopian Renaissance Dam on the Blue Nile river in the Benishangul-Gumuz region of Ethiopia. Maxar Technologies via AP
    A satellite image of the Grand Ethiopian Renaissance Dam on the Blue Nile river in the Benishangul-Gumuz region of Ethiopia. Maxar Technologies via AP
  • A satellite image of the Grand Ethiopian Renaissance Dam on the Blue Nile river in the Benishangul-Gumuz region of Ethiopia. Maxar Technologies via AP
    A satellite image of the Grand Ethiopian Renaissance Dam on the Blue Nile river in the Benishangul-Gumuz region of Ethiopia. Maxar Technologies via AP
  • A 2013 photo showing the Blue Nile river flowing near the site of the Grand Ethiopian Renaissance Dam near Assosa in the Benishangul-Gumuz region of Ethiopia. AP, File
    A 2013 photo showing the Blue Nile river flowing near the site of the Grand Ethiopian Renaissance Dam near Assosa in the Benishangul-Gumuz region of Ethiopia. AP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • Construction workers are seen at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    Construction workers are seen at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
    A general view of construction work at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia. AFP, File
  • Sudan's Minister of Irrigation and Water Resources Yasir Mohamed (C) takes part in a video meeting over the Grand Ethiopian Renaissance Dam on June 9, 2020. AFP
    Sudan's Minister of Irrigation and Water Resources Yasir Mohamed (C) takes part in a video meeting over the Grand Ethiopian Renaissance Dam on June 9, 2020. AFP
  • Egyptian Foreign Minister Sameh Shukry. AP
    Egyptian Foreign Minister Sameh Shukry. AP
  • The Nile in the Sudanese capital, Khartoum. AFP
    The Nile in the Sudanese capital, Khartoum. AFP
  • The Nile in the Sudanese capital, Khartoum. AFP
    The Nile in the Sudanese capital, Khartoum. AFP
  • The Nile in the Sudanese capital, Khartoum. AFP
    The Nile in the Sudanese capital, Khartoum. AFP
  • A pleasure boat carrying tourists and locals sails on the Nile at sunset in Aswan, Egypt. AP, file
    A pleasure boat carrying tourists and locals sails on the Nile at sunset in Aswan, Egypt. AP, file
  • Sayed Ahmed Abdoh poles his boat to check fish traps in the Nile, near Abu Al Nasr village, about 770 kilometres south of Cairo, in Egypt. AP, file
    Sayed Ahmed Abdoh poles his boat to check fish traps in the Nile, near Abu Al Nasr village, about 770 kilometres south of Cairo, in Egypt. AP, file
  • An aerial view shows the Nile before sunset in the Egyptian capital, Cairo. AFP
    An aerial view shows the Nile before sunset in the Egyptian capital, Cairo. AFP
  • An aerial view shows the Nile before sunset in the Egyptian capital, Cairo on June 20, 2020. AFP
    An aerial view shows the Nile before sunset in the Egyptian capital, Cairo on June 20, 2020. AFP

Sisi tell Egypt to keep faith in Ethiopia talks and don't fear losing Nile water


Hamza Hendawi
  • English
  • Arabic

Egypt’s president on Tuesday sought to ease the nation’s fears that a Nile dam being built by Ethiopia will cut their life-and-death share of the river’s water, counselling them not to be impatient and give negotiations a chance to settle the dispute with Addis Ababa.

“I want to say one thing to Egyptians: ‘It is natural for you to worry because it’s a matter of life’,” President Abdel Fatah El Sisi said in a televised address. “The course of negotiations requires patience and thoroughness. Don’t be impatient for results. Trust in God and your country’s abilities to safeguard Egypt’s water rights, which no one can ignore.”

Egypt is deeply alarmed that the Grand Ethiopian Renaissance Dam (GERD) will reduce its share of the Nile’s water, on which it depends for almost all its freshwater needs.

It has said it would not stand idly by if denied one drop of water and warned that military action could not be ruled out.

Fellow downstream nation and close ally Sudan is similarly worried about its share of the water and shares Cairo’s view that a legally binding agreement on the operation and filling of the dam was needed to guard against destructive flooding in its eastern region and ensure that work at its own power-generating dams on the Blue Nile is not disrupted.

Ethiopia, which has mostly dealt with the dispute as a matter of national sovereignty, insists that guidelines should suffice and said a second and a much larger filling of the GERD will go ahead in July over the strong opposition of Cairo and Khartoum that an agreement must first be reached.

“Don’t rush things … Negotiating is a tortuous and difficult process and we are applying pressure,” the Egyptian leader said on Tuesday, citing talks he had in Cairo over the past week with Jeffry Feltman, the US special envoy on the Horn of Africa, and Felix Tshisekedi, president of the Democratic Republic of Congo – the current chairman of the African Union.

“The concern of Egyptians [over Egypt’s share of the Nile’s water] is appreciated and legitimate. It’s a wonderful thing and it makes me happy. But you must be confident that we will never surrender Egypt’s rights,” said Mr El Sisi, whose comments, made in the Suez Canal city of Ismailia, appeared focused on negotiations as the preferred means to resolve the dispute with Ethiopia.

They contrast with his hardline comments of March 30 when he held out the possibility of military action to settle the dispute, saying no one should assume to be beyond the reach of Egypt’s military. However, it was not immediately clear whether this shift of focus reflected progress in ongoing efforts to reach a diplomatic solution.

Egypt and Sudan have accused Ethiopia of intransigence in a decade of negotiations that failed to produce an agreement. They have both said that AU sponsorship of the negotiations when South Africa held the organisation’s one-year chair failed to make any progress.

The DRC took over the African Union’s chairmanship from South Arica in February this year.

In the last round of talks, held in the Congolese capital of Kinshasa, Egypt and Sudan proposed that the US, EU and UN be invited to mediate in the conflict under African Union stewardship. Ethiopia rejected the proposal, saying the issue was an African one that should be resolved by Africans.

Draw

Quarter-finals

Real Madrid (ESP) or Manchester City (ENG) v Juventus (ITA) or Lyon (FRA)

RB Leipzig (GER) v Atletico Madrid (ESP)

Barcelona (ESP) or Napoli (ITA) v Bayern Munich (GER) or Chelsea (ENG)

Atalanta (ITA) v Paris Saint-Germain (FRA)

Ties to be played August 12-15 in Lisbon

THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

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

Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

RESULTS

2pm: Handicap (PA) Dh40,000 (Dirt) 1,000m
Winner: AF Mozhell, Saif Al Balushi (jockey), Khalifa Al Neyadi (trainer)

2.30pm: Maiden (PA) Dh40,000 (D) 2,000m
Winner: Majdi, Szczepan Mazur, Abdallah Al Hammadi.

3pm: Handicap (PA) Dh40,000 (D) 1,700m
Winner: AF Athabeh, Tadhg O’Shea, Ernst Oertel.

3.30pm: Handicap (PA) Dh40,000 (D) 1,700m
Winner: AF Eshaar, Bernardo Pinheiro, Khalifa Al Neyadi

4pm: Gulf Cup presented by Longines Prestige (PA) Dh150,000 (D) 1,700m
Winner: Al Roba’a Al Khali, Al Moatasem Al Balushi, Younis Al Kalbani

4.30pm: Handicap (TB) Dh40,000 (D) 1,200m
Winner: Apolo Kid, Antonio Fresu, Musabah Al Muahiri

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
If you go

The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at. 
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.   

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WISH
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