Mubarak's Sons Released on Bail in Share-dealing Case

This combination of Jan. 6, 2011 file images shows Gamal Mubarak, left, and Alaa Mubarak, right, in Cairo, Egypt. (AP Photo/File)
This combination of Jan. 6, 2011 file images shows Gamal Mubarak, left, and Alaa Mubarak, right, in Cairo, Egypt. (AP Photo/File)
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Mubarak's Sons Released on Bail in Share-dealing Case

This combination of Jan. 6, 2011 file images shows Gamal Mubarak, left, and Alaa Mubarak, right, in Cairo, Egypt. (AP Photo/File)
This combination of Jan. 6, 2011 file images shows Gamal Mubarak, left, and Alaa Mubarak, right, in Cairo, Egypt. (AP Photo/File)

The Cairo Criminal Court on Thursday freed Alaa and Gamal Mubarak, the sons of ousted President Hosni Mubarak, and five others on 100,000 Egyptian pounds ($5,570) bail each in the case of illicit share trading.

The court set a new hearing for Nov. 20.

Alaa and Gamal Mubarak were detained Saturday and accused along with three other people, including Hassan Heikal, of failing to notify the stock exchange of agreements to acquire majority stakes in several banks through front companies.

Four others in the group remain at large.



Official to Asharq Al-Awsat: Egypt to Counter Any Threat to Its Water Security 

The Grand Ethiopian Renaissance Dam (GERD). (Getty Images/AFP file)
The Grand Ethiopian Renaissance Dam (GERD). (Getty Images/AFP file)
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Official to Asharq Al-Awsat: Egypt to Counter Any Threat to Its Water Security 

The Grand Ethiopian Renaissance Dam (GERD). (Getty Images/AFP file)
The Grand Ethiopian Renaissance Dam (GERD). (Getty Images/AFP file)

Egypt has warned it will take “necessary measures” to protect its historical rights to Nile waters, following new statements by Ethiopian officials that the Grand Ethiopian Renaissance Dam (GERD) is only the beginning of a wider dam-building plan.

A senior Egyptian official, speaking to Asharq Al-Awsat on condition of anonymity, said Cairo remains committed to securing a binding agreement that regulates current and future projects on the Nile and its tributaries.

“Egypt will act to safeguard its water security in line with international law and treaties governing transboundary rivers,” the official said.

“We have always known Ethiopia has broader ambitions beyond the GERD. That’s why we’ve insisted from the beginning on a binding agreement, not only to limit the harm from GERD but to regulate any future projects as well.”

He added that Egypt considers Nile water a matter of national survival and would “resist any threat with full force.” Cairo is closely monitoring whether Ethiopia’s new dam plans will involve the Nile or other river systems, he said. “Each case will be assessed accordingly.”

The comments came after Ethiopia’s GERD Coordination Office head, Aregawi Berhe, told local media on Wednesday that the dam was “only the first step” in the country’s strategy for water and energy development.

“We cannot rely on just one dam,” he said, calling for additional projects to support agriculture, which he described as the backbone of Ethiopia’s economy and food security.

Berhe also said the GERD was built entirely with domestic funding, pushing back on earlier remarks by US President Donald Trump suggesting American financial involvement.

'Vital lifeline’

Egyptian lawmaker Mostafa Bakry described the Ethiopian statements as “provocative” and accused Addis Ababa of seeking to impose a fait accompli, despite ongoing deadlock over the GERD negotiations.

“Ethiopia is treating the GERD as a closed chapter and is now openly discussing what comes next,” Bakry said. “Cairo has known from the start that Ethiopia wants to build dozens of dams under the pretext of development and agriculture. But the real goal is to control the river and limit Egypt’s water supply.”

“This is an existential matter for Egypt,” he warned. “We will not tolerate threats to our survival. Ethiopia must reconsider its course before the situation escalates.”

Ethiopia’s latest declarations come amid renewed international attention on the Nile dispute, following comments by Trump expressing concern over the dam’s potential impact on Egypt. Egyptian President Abdel Fattah al-Sisi welcomed the remarks and reiterated his country’s reliance on US mediation to broker a final agreement.

Earlier this month, Ethiopian Prime Minister Abiy Ahmed announced the completion of GERD construction and set September as the date for its official inauguration, inviting Egypt and Sudan to attend. Cairo swiftly rejected the call, denouncing what it sees as Ethiopia’s continued unilateralism on Nile issues.

Skepticism

Egyptian water and Africa expert Dr. Raafat Mahmoud dismissed Ethiopia’s justification that future dams would support agriculture. “Most of Ethiopia’s terrain is unsuitable for conventional irrigation. It’s a rugged highland that relies on rainfall,” he said. “Even GERD was completed with great difficulty and at high financial cost. Additional dams will face the same hurdles.”

He argued that Ethiopia’s ambitions are driven less by development and more by geopolitical aspirations. “This is about positioning itself as a regional power and countering Egypt’s influence in Africa. It’s also part of a broader effort to gain access to the Red Sea and build a naval presence there.”

Still, Mahmoud said Egypt is unlikely to take immediate action unless a direct threat to its water supply materializes. “As long as there’s no measurable harm, Cairo will likely stick to diplomacy. But under international law, it reserves the right to act if its vital interests are jeopardized.”

He added that many of Addis Ababa’s announcements are aimed more at domestic audiences than at regional planning. “These public statements are often designed to rally Ethiopian citizens, even when they don’t reflect the realities on the ground.”