Egypt has spent billions of pounds opening new museums, restoring archaeological sites and putting on two spectacular parades in a bid to preserve and promote its cultural heritage, its tourism and antiquities minister has said.
“Even during Covid when we didn’t have tourists, I’m getting the full budget I’m asking for…I’m getting billions and billions of Egyptian pounds,” said Khaled El Enany at the American University in Cairo on Tuesday night. “We are paying like we never paid before to preserve our heritage.”
The country has experienced a cultural renaissance in recent years, with government support, he said, speaking at the annual Nadia Younes Memorial Lecture.
Tourism, which accounts for about 12 per cent of Egypt’s gross domestic product, on average, has suffered badly during the pandemic. Travel restrictions and lockdowns wiped out $17.6 billion from the Egyptian economy in 2020, according to the World Travel and Tourism Council.
But the government is counting on its greatest asset to cancel out these losses: a priceless treasure trove of antiquities.
Egypt has more than 2,500 archaeological sites, 60 per cent of which are ancient Egyptian, while the remainder belong to the Abrahamic religions, comprising 40 per cent Islamic, Coptic, Jewish and modern sites.
“Among the 2,500 sites in Egypt, only dozens are visited by tourists,” Mr El Enany said.
He became antiquities minister in 2016 and was appointed the first tourism and antiquities minister in 2019 when the ministries merged.
In 2017 he requested 1.3 billion pounds ($80 million) to revitalise the museum sector, re-opening shuttered sites and building new museums at a cost of 40m to 70m pounds ($2.5m to $5m) each.
Among them are the National Museum of Egyptian Civilisation, which opened in 2017, and the Naguib Mahfouz Museum in Old Cairo, that opened in 2019. Hurghada Museum, Sharm El Sheikh Museum, Kafr El Sheikh Museum and the Royal Carriages Museum in Downtown Cairo all opened in 2020.
Museums inaugurated in smaller cities included Sharqia, Marsa Matrouh and Sohag in 2018, and Tanta in 2019.
“When I open museums in Sharqia, Tanta, Sohag, El Minya, it doesn’t bring me tourists, but it’s very important for awareness and to preserve the Egyptian identity,” Mr El Enany said.
Opening “very soon” and “ready 100 per cent” is the Capitals of Egypt Museum in the New Administrative Capital east of Cairo, he said. The museum will highlight the stories of the different cities that have served as Egypt’s capital.
Other planned openings this year include the Mohamed Ali Palace in Cairo, the Greco-Roman Museum in Alexandria and the highly anticipated Grand Egyptian Museum (GEM).
GEM is a separate budget in itself, costing about $1bn for the 490,000-square-metre building, a sum that covers the 55,000-plus artefacts, as well as security.
Mr El Enany said the museum will open in the second half of the year if coronavirus-related conditions are stable, hinting that it could coincide with the 100-year anniversary of Tutankhamun tomb's discovery in November.
“I’m receiving requests every day from all over the world to give them the exception to visit the gallery. I promise you nobody will visit the galleries before the official opening,” he said. “It’s a surprise.”
Mummies' parade
Last year, the Pharaohs’ Golden Parade in April that transported 22 royal mummies from the Egyptian Museum in Tahrir Square to the National Museum of Egyptian Civilisation and the Avenue of Sphinxes parade in Luxor in November made international headlines.
“It was a wonderful opportunity to show the world that we respect our heritage and our ancestors,” Mr El Enany said.
He had submitted the idea of the mummies’ parade to President Abdel Fattah El Sisi in 2019, with planning taking more than 19 months.
Both events were seen as a success on the global stage and a source of pride for Egyptians.
“I’ve been a minister for six years, and when I meet someone, they say, thank you and congratulations for the two parades,” Mr El Enany said.
Mr El Enany has championed several restoration projects, such as the Al Azhar mosque in March 2018, the Eliyahu Hanavi synagogue in Alexandria in January 2020 and the Baron Empain Palace in Heliopolis in June the same year.
Major archaeological discoveries have also taken place during his time in office, such as an Egyptian mission discovery of more than 150 coffins in Saqqara in October and November 2020.
There are around 250 archaeological missions from more than 25 countries working in Egypt, as well as about 80 Egyptian archaeological missions.
“I’m very proud that the majority of archaeological discoveries in the last few years were done by Egyptian missions,” Mr El Enany said. “This is a renaissance for Egyptian archaeology as well.”
He said another discovery will be announced by the Supreme Council of Antiquities as soon as March “that will attract a lot of attention from the world”. He did not share further details.
The Nadia Younes Memorial Lecture has hosted a range of speakers from the world of global affairs since 2005, such as former United Nations Secretary-General Kofi Annan and the first female president of Ireland Mary Robinson. It commemorates Ms Younes, who had a 30-year career at the UN and was tragically killed in the bombing of the UN headquarters in Baghdad in 2003.
'Top Gun: Maverick'
Rating: 4/5
Directed by: Joseph Kosinski
Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris
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Colette
Director: Wash Westmoreland
Starring: Keira Knightley, Dominic West
Our take: 3/5
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David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
More from Rashmee Roshan Lall
RESULTS
6pm: Mazrat Al Ruwayah – Group 2 (PA) $40,000 (Dirt) 1,600m
Winner: AF Alajaj, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
6.35pm: Race of Future – Handicap (TB) $80,000 (Turf) 2,410m
Winner: Global Storm, William Buick, Charlie Appleby
7.10pm: UAE 2000 Guineas – Group 3 (TB) $150,000 (D) 1,600m
Winner: Azure Coast, Antonio Fresu, Pavel Vashchenko
7.45pm: Business Bay Challenge – Listed (TB) $100,000 (T) 1,400m
Winner: Storm Damage, Patrick Cosgrave, Saeed bin Suroor
20.20pm: Curlin Stakes – Listed (TB) $100,000 (D) 2,000m
Winner: Appreciated, Fernando Jara, Doug O’Neill
8.55pm: Singspiel Stakes – Group 2 (TB) $180,000 (T) 1,800m
Winner: Lord Glitters, Daniel Tudhope, David O'Meara
9.30pm: Al Shindagha Sprint – Group 3 (TB) $150,000 (D) 1,200m
Winner: Meraas, Antonio Fresu, Musabah Al Muhairi
Results
5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)
5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel
6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout
6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi
7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle
7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.
Results
2.30pm: Park Avenue – Conditions (PA) Dh80,000 (Dirt) 2,000m; Winner: Rb Seqondtonone, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)
3.05pm: Al Furjan – Maiden (TB) Dh82,500 (Turf) 1,200m; Winner: Bosphorus, Dane O’Neill, Bhupat Seemar
3.40pm: Mina – Rated Condition (TB) Dh105,000 (D) 1,600m; Winner: Royal Mews, Tadhg O’Shea, Bhupat Seemar
4.15pm: Aliyah – Handicap (TB) Dh87,500 (T) 1,900m; Winner: Ursa Minor, Ray Dawson, Ahmad bin Harmash
4.50pm: Riviera Beach – Rated Conditions (TB) Dh95,000 (D) 2,200m; Winner: Woodditton, Saif Al Balushi, Ahmad bin Harmash
5.25pm: Riviera – Handicap (TB) Dh2,000 (T) 2,000m; Winner: Al Madhar, Antonio Fresu, Musabah Al Muhairi
6pm: Creek Views – Handicap (TB) Dh95,000 (T) 1,400m; Winner: Al Salt, Dane O’Neill, Erwan Charpy
Results
2-15pm: Commercial Bank Of Dubai – Conditions (TB) Dh100,000 (Dirt) 1,400m; Winner: Al Habash, Patrick Cosgrave (jockey), Bhupat Seemar (trainer)
2.45pm: Al Shafar Investment – Handicap (TB) Dh80,000 (D) 1,200m; Winner: Day Approach, Ray Dawson, Ahmad bin Harmash
3.15pm: Dubai Real estate Centre – Handicap (TB) Dh80,000 (D) 1,600m; Winner: Celtic Prince, Richard Mullen, Rashed Bouresly
3.45pm: Jebel Ali Sprint by ARM Holding – Listed (TB) Dh500,000 (D) 1,000m; Winner: Khuzaam, Pat Dobbs, Doug Watson
4.15pm: Shadwell – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Tenbury Wells, Royston Ffrench, Salem bin Ghadayer
4.45pm: Jebel Ali Stakes by ARM Holding – Listed (TB) Dh500,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson
5.15pm: Jebel Ali Racecourse – Handicap (TB) Dh76,000 (D) 1,950m; Winner: Rougher, Pat Dobbs, Doug Watson
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
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