• Muslim worshippers pray in the courtyard of the historic Al Azhar mosque in Cairo on August 28, 2020 as Egypt reopened mosques for Friday prayers. AFP
    Muslim worshippers pray in the courtyard of the historic Al Azhar mosque in Cairo on August 28, 2020 as Egypt reopened mosques for Friday prayers. AFP
  • The faithful queue to enter Cairo's Al Azhar mosque after it was reopened for Friday prayers. AFP
    The faithful queue to enter Cairo's Al Azhar mosque after it was reopened for Friday prayers. AFP
  • A security guard checks the temperature of worshippers before they enter the Al Azhar mosque. Reuters
    A security guard checks the temperature of worshippers before they enter the Al Azhar mosque. Reuters
  • Worshippers enter the courtyard of the Al Azhar mosque. Reuters
    Worshippers enter the courtyard of the Al Azhar mosque. Reuters
  • Worshippers have to observe strict preventive measures, including mandatory use masks, social distancing, and use of personal prayer rugs. AFP
    Worshippers have to observe strict preventive measures, including mandatory use masks, social distancing, and use of personal prayer rugs. AFP
  • Worshippers perform Friday prayers inside Cairo's Al Azhar mosque. AFP
    Worshippers perform Friday prayers inside Cairo's Al Azhar mosque. AFP
  • A Muslim wears a protective face mask while praying inside the Al Azhar mosque in Cairo. Reuters
    A Muslim wears a protective face mask while praying inside the Al Azhar mosque in Cairo. Reuters
  • Egyptian authorities have limited the Friday sermon to 10 minutes and ordered mosques to close immediately after prayers to reduce the risk of infection. Reuters
    Egyptian authorities have limited the Friday sermon to 10 minutes and ordered mosques to close immediately after prayers to reduce the risk of infection. Reuters
  • A worshipper takes a selfie as he leaves Al Azhar mosque in Cairo after performing Friday prayers. AFP
    A worshipper takes a selfie as he leaves Al Azhar mosque in Cairo after performing Friday prayers. AFP

Egypt presses ahead with reopening as Covid-19 cases edge higher


Hamza Hendawi
  • English
  • Arabic

Egypt reopened some mosques for Friday prayers despite a rising daily tallies of coronavirus cases in the past week that validated official warnings of a second wave of infections if preventive precautions are not taken more seriously.

Prime Minister Mustafa Madbouli and Health Minister Hala Zayed have been calling out Egyptians for ignoring rules about wearing face masks and maintaining social distancing in public.

“The occurrence of a second wave is mostly associated with a false sense of security that the pandemic is over and that prompts them [Egyptians] to be lax about adhering to precautionary measures,” Mrs Zayed was quoted as saying during a meeting with the prime minister on Wednesday.

The number of new cases reported daily in August has ranged between 150 and 200, a dramatic drop from about 1,500 in June and the first half of July. However, the number of daily infections has been rising steadily since August 22, from 89 to 237 on August 27, according to a tally of reported cases kept by Worldometer.

_______________

Coronavirus around the world

  • A woman wearing a protective face mask looks at outdoor light shows during the Beijing International Light Festival at the Yuyuantan Park in the Chinese capital. EPA
    A woman wearing a protective face mask looks at outdoor light shows during the Beijing International Light Festival at the Yuyuantan Park in the Chinese capital. EPA
  • Japan's Prime Minister Shinzo Abe wears a face mask as he arrives at his official residence in Tokyo on August 28, 2020. Reuters
    Japan's Prime Minister Shinzo Abe wears a face mask as he arrives at his official residence in Tokyo on August 28, 2020. Reuters
  • Filipinos queue Quezon City, Metro Manila for a government cash subsidy to offset the impact of the economic impact of the coronavirus pandemic. Reuters
    Filipinos queue Quezon City, Metro Manila for a government cash subsidy to offset the impact of the economic impact of the coronavirus pandemic. Reuters
  • Medical staff, police and military officials in Budapest, Hungary take part in training exercise simulating the arrival of a tourist bus with coronavirus-infected passengers. AFP
    Medical staff, police and military officials in Budapest, Hungary take part in training exercise simulating the arrival of a tourist bus with coronavirus-infected passengers. AFP
  • A public awareness notice in Tokyo reminds people to practise social distancing. AP Photo
    A public awareness notice in Tokyo reminds people to practise social distancing. AP Photo
  • A man wearing a face mask to help curb the spread of the coronavirus walks through a building in Tokyo. AP Photo
    A man wearing a face mask to help curb the spread of the coronavirus walks through a building in Tokyo. AP Photo
  • A medical worker wearing protective equipment waits at at a drive-through Covid-19 testing centre in Zagreb, Croatia. AFP
    A medical worker wearing protective equipment waits at at a drive-through Covid-19 testing centre in Zagreb, Croatia. AFP
  • A woman wearing a protective mask crosses the road at Shibuya Crossing in Tokyo, Japan. Getty Images
    A woman wearing a protective mask crosses the road at Shibuya Crossing in Tokyo, Japan. Getty Images
  • Police officers wear face shields and gloves as they stand guard at Gwanghwamun Plaza in Seoul, South Korea. EPA
    Police officers wear face shields and gloves as they stand guard at Gwanghwamun Plaza in Seoul, South Korea. EPA

_______________

The number of people in Egypt who contracted the disease since the pandemic began six months ago stood at 98,062, including 5,342 fatal cases, as of August 27.

Officials have said the risk of a second wave will increase significantly in the next two months as schools and universities reopen after a six-month closure that included the summer break.

The reopening of mosques for Friday prayers comes with the same precautions laid down when they were reopened for the five daily prayers in July. Besides wearing masks and keeping safe distance, worshippers will have to bring their own prayer mats, while washrooms for the pre-prayer cleansing will remain closed. The Friday sermon will be limited to 10 minutes and the mosques will be closed immediately after prayers.

Egypt's government has reopened the country gradually, returning it to near normality in late June after a three-month lockdown that hit the economy hard and forced it to seek billions of dollars in loans from the International Monetary Fund. A surge in infections could force the introduction of another lockdown that would deal another body blow to the economy.

Egypt's Covid-19 cases are relatively low for a country of 100 million people and a poor health system, although officials have speculated that the actual number could be 10 times the figures reported. Thousands may have been treated outside the health system or recovered from the disease without suffering severe symptoms. Many patients may have chosen to keep their illness secret because of the social stigma associated with the disease in some segments of society.

Women%E2%80%99s%20Asia%20Cup
%3Cp%3ESylhet%2C%20Bangladesh%3Cbr%3E%3Cbr%3E%3Cstrong%3EUAE%20results%3C%2Fstrong%3E%3Cbr%3ELost%20to%20Sri%20Lanka%20by%2011%20runs%3Cbr%3E%3Cbr%3E%3Cstrong%3EUAE%20fixtures%3C%2Fstrong%3E%3Cbr%3ETue%20Oct%204%2C%20v%20India%3Cbr%3EWed%20Oct%205%2C%20v%20Malaysia%3Cbr%3EFri%20Oct%207%2C%20v%20Thailand%3Cbr%3ESun%20Oct%209%2C%20v%20Pakistan%3Cbr%3ETue%20Oct%2011%2C%20v%20Bangladesh%3C%2Fp%3E%0A
T20 World Cup Qualifier

October 18 – November 2

Opening fixtures

Friday, October 18

ICC Academy: 10am, Scotland v Singapore, 2.10pm, Netherlands v Kenya

Zayed Cricket Stadium: 2.10pm, Hong Kong v Ireland, 7.30pm, Oman v UAE

UAE squad

Ahmed Raza (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Darius D’Silva, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Junaid Siddique, Sultan Ahmed, Imran Haider, Waheed Ahmed, Chirag Suri, Zahoor Khan

Players out: Mohammed Naveed, Shaiman Anwar, Qadeer Ahmed

Players in: Junaid Siddique, Darius D’Silva, Waheed Ahmed

J%20Street%20Polling%20Results
%3Cp%3E97%25%20of%20Jewish-Americans%20are%20concerned%20about%20the%20rise%20in%20anti-Semitism%3Cbr%3E%3Cbr%3E76%25%20of%20US%20Jewish%20voters%20believe%20Donald%20Trump%20and%20his%20allies%20in%20the%20Republican%20Party%20are%20responsible%20for%20a%20rise%20in%20anti-Semitism%3Cbr%3E%3Cbr%3E74%25%20of%20American%20Jews%20agreed%20that%20%E2%80%9CTrump%20and%20the%20Maga%20movement%20are%20a%20threat%20to%20Jews%20in%20America%22%3Cbr%3E%3C%2Fp%3E%0A
The winners

Fiction

  • ‘Amreekiya’  by Lena Mahmoud
  •  ‘As Good As True’ by Cheryl Reid

The Evelyn Shakir Non-Fiction Award

  • ‘Syrian and Lebanese Patricios in Sao Paulo’ by Oswaldo Truzzi;  translated by Ramon J Stern
  • ‘The Sound of Listening’ by Philip Metres

The George Ellenbogen Poetry Award

  • ‘Footnotes in the Order  of Disappearance’ by Fady Joudah

Children/Young Adult

  •  ‘I’ve Loved You Since Forever’ by Hoda Kotb 
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Company profile

Date started: January, 2014

Founders: Mike Dawson, Varuna Singh, and Benita Rowe

Based: Dubai

Sector: Education technology

Size: Five employees

Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.

Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Various Artists 
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
​​​​​​​

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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%3Cp%3E1.%20Singapore%0D%3Cbr%3E2.%20Switzerland%0D%3Cbr%3E3.%20Denmark%0D%3Cbr%3E4.%20Ireland%0D%3Cbr%3E5.%20Hong%20Kong%0D%3Cbr%3E6.%20Sweden%0D%3Cbr%3E7.%20UAE%0D%3Cbr%3E8.%20Taiwan%0D%3Cbr%3E9.%20Netherlands%0D%3Cbr%3E10.%20Norway%0D%3Cbr%3E%3C%2Fp%3E%0A
Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Day 1, Dubai Test: At a glance

Moment of the day Sadeera Samarawickrama set pulses racing with his strokeplay on his introduction to Test cricket. It reached a feverish peak when he stepped down the wicket and launched Yasir Shah, who many regard as the world’s leading spinner, back over his head for six. No matter that he was out soon after: it felt as though the future had arrived.

Stat of the day - 5 The last time Sri Lanka played a Test in Dubai – they won here in 2013 – they had four players in their XI who were known as wicketkeepers. This time they have gone one better. Each of Dinesh Chandimal, Kaushal Silva, Samarawickrama, Kusal Mendis, and Niroshan Dickwella – the nominated gloveman here – can keep wicket.

The verdict Sri Lanka want to make history by becoming the first team to beat Pakistan in a full Test series in the UAE. They could not have made a better start, first by winning the toss, then by scoring freely on an easy-paced pitch. The fact Yasir Shah found some turn on Day 1, too, will have interested their own spin bowlers.

WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

Asia Cup 2018 Qualifier

Sunday's results:

  • UAE beat Malaysia by eight wickets
  • Nepal beat Singapore by four wickets
  • Oman v Hong Kong, no result

Tuesday fixtures:

  • Malaysia v Singapore
  • UAE v Oman
  • Nepal v Hong Kong
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%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Sucker%20Punch%20Productions%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Sony%20Computer%20Entertainment%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%202%20to%205%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
FINAL RESULT

Sharjah Wanderers 20 Dubai Tigers 25 (After extra-time)

Wanderers
Tries: Gormley, Penalty
cons: Flaherty
Pens: Flaherty 2

Tigers
Tries: O’Donnell, Gibbons, Kelly
Cons: Caldwell 2
Pens: Caldwell, Cross

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

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 
RACE CARD

6.30pm Al Maktoum Challenge Round-1 Group 1 (PA) Dh119,373 (Dirt) 1,600m

7.05pm Handicap (TB) Dh102,500 (D) 1,200m

7.40pm Handicap (TB) Dh105,000 (Turf) 1,800m

8.15pm UAE 1000 Guineas Trial (TB) Dh183,650 (D) 1,400m

9.50pm Handicap (TB) Dh105,000 (D) 1,600m

9.25pm Handicap (TB) Dh95,000 (T) 1,000m