For the past decade, Africa’s largest dam project has created rancour between Ethiopia, Sudan and Egypt. Talks for the Grand Ethiopian Renaissance Dam remain deadlocked, feeding the possibility of conflict over scarcity in the arid region.
Over the years, the dam has become an Ethiopian national symbol of successes to come, and one on which Addis Ababa has pinned ambitious hopes of becoming a prosperous country.
The government says that the hydroelectric energy produced by the plant will provide for its own energy needs, creating jobs and business prospects, while surplus electricity can be sold to its neighbours. But dreams of a prosperous and energy-sufficient East Africa are clouded by unresolved disputes over the fairest way to tap into the Nile’s resources.
Leaders of Egypt, Ethiopia and Sudan, the three countries impacted by the dam, plan to hold a virtual summit on Tuesday to once again try to resolve their differences.
But the clock is ticking on the three nations to find a solution. The Renaissance Dam is meant to be completed in 2022, with the initial water filling commencing this month. Cairo And Addis Ababa have been embroiled in tough diplomacy for months without a resolution, leading experts to fear that a water war may be looming over the region.
Sudan and Egypt both reject the launching of the project before all three countries reach an understanding. This could set a dangerous precedent for Ethiopia, which plans on building several other dams. If the project goes as planned, Egypt, which depend on the Nile for 90 per cent of its water needs, may become water insecure. Cairo is set to lose 22 per cent of the Nile’s water flow, potentially turning up to a third of its fields into a desert wasteland. This is a legitimate concern for a country with a population of 100 million to feed. Egyptian leadership also believes that Addis Ababa has not developed a contingency plan in case of droughts – a possibility that would cut $1.8 billion (Dh6.61bn) out of Egypt’s economic production. Khartoum, on the other hand, is looking forward to obtaining affordable electricity, but concerned about catastrophic floods in case there are breaches in the dam, which is situated close to the Sudanese border.
Countries cannot escape their geography or their neighbours. They have a duty to work together to defuse tensions, lest their people pay the price of escalation. Egypt and Sudan have placed their concerns before Ethiopia. These include reasonable goals such as deciding who arbitrates disputes between the three countries, and for Ethiopia to lay out the potential water losses that the dam may inflict upon its neighbours.
Neighbouring countries cannot escape their geography. They must work together, lest their people pay the price of escalation
Cairo has also asked Ethiopia for access to 40 billion cubic metres of water per year once the first stage of the dam is complete. The three countries may disagree on the details of one another’s concerns but the matter is too important to be left unresolved or for unilateral measures to be forced.
If planned in accordance with Ethiopia’s neighbours and with all potential risks factored into the project, the Renaissance dam could be a great boon for the region. If, however, negotiations fail, the project may indefinitely become an apple of discord, dividing nations that ought to come together and turning an opportunity for growth into a crisis.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
Farage on Muslim Brotherhood
Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.
MATCH DETAILS
Barcelona 0
Slavia Prague 0
Sri Lanka-India Test series schedule
- 1st Test India won by 304 runs at Galle
- 2nd Test Thursday-Monday at Colombo
- 3rd Test August 12-16 at Pallekele
The specs: 2018 Jeep Grand Cherokee Trackhawk
Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)
MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia scheduled for October 10
DEADPOOL & WOLVERINE
Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin
Director: Shawn Levy
Rating: 3/5
Most%20ODI%20hundreds
%3Cp%3E49%20-%20Sachin%20Tendulkar%2C%20India%0D%3Cbr%3E47%20-%20Virat%20Kohli%2C%20India%0D%3Cbr%3E31%20-%20Rohit%20Sharma%2C%20India%0D%3Cbr%3E30%20-%20Ricky%20Ponting%2C%20Australia%2FICC%0D%3Cbr%3E28%20-%20Sanath%20Jayasuriya%2C%20Sri%20Lanka%2FAsia%0D%3Cbr%3E27%20-%20Hashim%20Amla%2C%20South%20Africa%0D%3Cbr%3E25%20-%20AB%20de%20Villiers%2C%20South%20Africa%2FAfrica%0D%3Cbr%3E25%20-%20Chris%20Gayle%2C%20West%20Indies%2FICC%0D%3Cbr%3E25%20-%20Kumar%20Sangakkara%2C%20Sri%20Lanka%2FICC%2FAsia%0D%3Cbr%3E22%20-%20Sourav%20Ganguly%2C%20India%2FAsia%0D%3Cbr%3E22%20-%20Tillakaratne%20Dilshan%2C%20Sri%20Lanka%0D%3C%2Fp%3E%0A
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Global institutions: BlackRock and KKR
US-based BlackRock is the world's largest asset manager, with $5.98 trillion of assets under management as of the end of last year. The New York firm run by Larry Fink provides investment management services to institutional clients and retail investors including governments, sovereign wealth funds, corporations, banks and charitable foundations around the world, through a variety of investment vehicles.
KKR & Co, or Kohlberg Kravis Roberts, is a global private equity and investment firm with around $195 billion of assets as of the end of last year. The New York-based firm, founded by Henry Kravis and George Roberts, invests in multiple alternative asset classes through direct or fund-to-fund investments with a particular focus on infrastructure, technology, healthcare, real estate and energy.
Sholto Byrnes on Myanmar politics
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Match info
Bournemouth 0
Liverpool 4 (Salah 25', 48', 76', Cook 68' OG)
Man of the match: Andrew Robertson (Liverpool)
KILLING OF QASSEM SULEIMANI
Kill%20
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Profile box
Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
The Year Earth Changed
Directed by:Tom Beard
Narrated by: Sir David Attenborough
Stars: 4
'Gehraiyaan'
Director:Shakun Batra
Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa
Rating: 4/5
Brief scores:
Day 2
England: 277 & 19-0
West Indies: 154