• 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

African Union calls for resolution to dispute over Grand Ethiopian Renaissance Dam


  • English
  • Arabic

The African Union has called for an urgent agreement over the filling and operation of the Grand Ethiopian Renaissance Dam (Gerd), the project that has stoked tensions between Ethiopia and its downstream neighbours, Egypt and Sudan.

It said on Friday that the most recent virtual talks, held on Tuesday and overseen by South African President Cyril Ramaphosa, showed progress. But Ethiopia rejected the call for a binding agreement and said that it will only accept a guiding agreement.

The AU underscored “the importance of cooperation as a basis for integration” for the prosperity of all three countries.

Egypt and Sudan view the dam as a threat to their water supplies, while Ethiopia considers it essential for its electrification and development.

Ethiopia planned to begin filling the dam's reservoir this month, in the middle of its rainy season.

Ethiopia said on Tuesday that its first-year target has been reached for filling a dam on the Blue Nile River.

The announcement from Prime Minister Abiy Ahmed's office indicated that enough water had accumulated to enable Ethiopia to test the dam's first two turbines – a milestone on the way to producing electricity.

But it risked drawing the ire of both Cairo and Khartoum, which had insisted that a trilateral agreement on the dam's operations be reached before Addis Ababa began impounding water in the dam's reservoir.

"It has become evident over the past two weeks in the rainy season that the Gerd first year filling is achieved and the dam under construction is already overtopping," Mr Abiy's office said in a statement.

The project has been a source of tension in the Nile River basin since Ethiopia broke ground on it in 2011.

Last week, Ethiopian officials acknowledged that water was gathering in the dam's reservoir, though officials said this was a "natural" part of the construction process.

The statement from Mr Abiy's office on Tuesday did not say if the first-year target had been hit through a "natural" process or through steps to expedite filling.

Egyptian President Abdel Fatah El Sisi said after the Tuesday mini-summit that Cairo had a “sincere desire” to resolve the dam dispute and its “points of contention”.

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 Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

Non-oil%20trade
%3Cp%3ENon-oil%20trade%20between%20the%20UAE%20and%20Japan%20grew%20by%2034%20per%20cent%20over%20the%20past%20two%20years%2C%20according%20to%20data%20from%20the%20Federal%20Competitiveness%20and%20Statistics%20Centre.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIn%2010%20years%2C%20it%20has%20reached%20a%20total%20of%20Dh524.4%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3ECars%20topped%20the%20list%20of%20the%20top%20five%20commodities%20re-exported%20to%20Japan%20in%202022%2C%20with%20a%20value%20of%20Dh1.3%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3EJewellery%20and%20ornaments%20amounted%20to%20Dh150%20million%20while%20precious%20metal%20scraps%20amounted%20to%20Dh105%20million.%C2%A0%3C%2Fp%3E%0A%3Cp%3ERaw%20aluminium%20was%20ranked%20first%20among%20the%20top%20five%20commodities%20exported%20to%20Japan.%C2%A0%3C%2Fp%3E%0A%3Cp%3ETop%20of%20the%20list%20of%20commodities%20imported%20from%20Japan%20in%202022%20was%20cars%2C%20with%20a%20value%20of%20Dh20.08%20billion.%3C%2Fp%3E%0A
The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

HUNGARIAN GRAND PRIX RESULT

1. Sebastian Vettel, Ferrari 1:39:46.713
2. Kimi Raikkonen, Ferrari 00:00.908
3. Valtteri Bottas, Mercedes-GP 00:12.462
4. Lewis Hamilton, Mercedes-GP 00:12.885
5. Max Verstappen, Red Bull Racing 00:13.276
6. Fernando Alonso, McLaren 01:11.223
7. Carlos Sainz Jr, Toro Rosso 1 lap
8. Sergio Perez, Force India 1 lap
9. Esteban Ocon, Force India  1 lap
10. Stoffel Vandoorne, McLaren 1 lap
11. Daniil Kvyat, Toro Rosso 1 lap
12. Jolyon Palmer, Renault 1 lap
13. Kevin Magnussen, Haas 1 lap
14. Lance Stroll, Williams 1 lap
15. Pascal Wehrlein, Sauber 2 laps
16. Marcus Ericsson, Sauber 2 laps
17r. Nico Huelkenberg, Renault 3 laps
r. Paul Di Resta, Williams 10 laps
r. Romain Grosjean, Haas 50 laps
r. Daniel Ricciardo, Red Bull Racing 70 laps

THE BIO

Occupation: Specialised chief medical laboratory technologist

Age: 78

Favourite destination: Always Al Ain “Dar Al Zain”

Hobbies: his work  - “ the thing which I am most passionate for and which occupied all my time in the morning and evening from 1963 to 2019”

Other hobbies: football

Favorite football club: Al Ain Sports Club

 

COMPANY%20PROFILE
%3Cp%3EFounder%3A%20Hani%20Abu%20Ghazaleh%3Cbr%3EBased%3A%20Abu%20Dhabi%2C%20with%20an%20office%20in%20Montreal%3Cbr%3EFounded%3A%202018%3Cbr%3ESector%3A%20Virtual%20Reality%3Cbr%3EInvestment%20raised%3A%20%241.2%20million%2C%20and%20nearing%20close%20of%20%245%20million%20new%20funding%20round%3Cbr%3ENumber%20of%20employees%3A%2012%3C%2Fp%3E%0A
Leading all-time NBA scorers

Kareem Abdul-Jabbar 38,387
Karl Malone 36,928
Kobe Bryant 33,643
Michael Jordan 32,292
LeBron James 31,425
Wilt Chamberlain 31,419

'Unrivaled: Why America Will Remain the World’s Sole Superpower'
Michael Beckley, Cornell Press

%20Ramez%20Gab%20Min%20El%20Akher
%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
AS IT STANDS IN POOL A

1. Japan - Played 3, Won 3, Points 14

2. Ireland - Played 3, Won 2, Lost 1, Points 11

3. Scotland - Played 2, Won 1, Lost 1, Points 5

Remaining fixtures

Scotland v Russia – Wednesday, 11.15am

Ireland v Samoa – Saturday, 2.45pm

Japan v Scotland – Sunday, 2.45pm

Fixtures:

Wed Aug 29 – Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore
Thu Aug 30 - UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman
Sat Sep 1 - UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal
Sun Sep 2 – Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore
Tue Sep 4 - Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong
Thu Sep 6 – Final

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Things Heard & Seen

Directed by: Shari Springer Berman, Robert Pulcini

Starring: Amanda Seyfried, James Norton

2/5

Results

5pm: Warsan Lake – Maiden (PA) Dh80,000 (Turf) 2,200m; Winner: Dhaw Al Reef, Sam Hitchcott (jockey), Abdallah Al Hammadi (trainer) 

5.30pm: Al Quadra Lake – Maiden (PA) Dh80,000 (T) 1,600m; Winner: Mrouwah Al Gharbia, Sando Paiva, Abubakar Daud 

6pm: Hatta Lake – Handicap (PA) Dh80,000 (T) 1,600m; Winner: AF Yatroq, George Buckell, Ernst Oertel 

6.30pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,600m; Winner: Ashton Tourettes, Adries de Vries, Ibrahim Aseel 

7pm: Abu Dhabi Championship – Listed (PA) Dh180,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami 

7.30pm: Zakher Lake – Rated Conditions (TB) Dh80,000 (T) 1,400m; Winner: Alfareeq, Dane O’Neill, Musabah Al Muhairi.  

OIL PLEDGE

At the start of Russia's invasion, IEA member countries held 1.5 billion barrels in public reserves and about 575 million barrels under obligations with industry, according to the agency's website. The two collective actions of the IEA this year of 62.7 million barrels, which was agreed on March 1, and this week's 120 million barrels amount to 9 per cent of total emergency reserves, it added.

Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you