INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Sisi talks tough with Ethiopia, warns Egypt’s water share is a ‘red line’

Egyptian President Abdel Fattah al-Sisi. AFP

     

     

     

    • Egypt fears that plans to fill the Grand Renaissance Dam will allow Ethiopia to control the flow of Africa’s longest river

    • On completion of the dam, which Ethiopia is building, it will serve as Africa’s biggest hydroelectric power plant

     

     

    In a stern warning to Ethiopia, Egyptian President Abdel Fattah Al-Sisi on Thursday equated water with national security and said that it is a ‘red line’ that can never be crossed.

    Egypt fears that plans to fill the Grand Renaissance Dam will allow Ethiopia to control the flow of Africa’s longest river.

    When complete, the dam, which Ethiopia is building, will serve as Africa’s biggest hydroelectric power plant.

    Sisi explained that Egypt was willing to help all African countries, including Sudan and Ethiopia, but not at the expense of Egypt’s water supplies.

    “We will send expertise and agricultural production for all our brothers in Africa. We only want to safeguard our water share” Sisi said.

    Sisi also warned that Egypt had “varied options” to protect its national security. “Before anything happens to Egypt, it would mean that I and the Egyptian military do not exist,” he said.

    Sisi called on Ethiopia and Sudan to have “a legally binding agreement” in order to live in “peace and prosperity.”