The traditional Ramadan lantern, or fanous, has begun to adorn the Egyptian capital of Cairo, showing up on hoardings, shop windows and in most of the country’s Muslim households.
Although its origins can be traced back to ancient Egypt — when it was used during annual festivals to celebrate the birth of prominent deities in the pharaonic pantheon such as Osiris, Horus, Isis, Seth and Nephthys — the fanous is a common sight in most Muslim-majority countries around the world today.
Its use in decorating homes and public spaces in celebration of Ramadan dates back to the Fatimid conquest of Egypt, when Al Muizz Lideenillah, after whom one of the most famous streets in Islamic Cairo was named, arrived in Egypt during Ramadan and was supposedly greeted by natives holding up lanterns.
Egyptians reportedly lit the lanterns the whole month to welcome Lideenillah, who was quite taken with the sight and established it as a tradition to be observed each year.
However, historians agree that there is probably more to this story than meets the eye since the Fatimids were Shiite conquerors taking over Sunni territory at the time.
Originally containing a candle or oil and a wick, the design of the Islamic lanterns was updated from the version dating back to ancient Egypt.
While the traditional design is most popular with most buyers today, designs have been given a modern touch over the past few decades to include lanterns made in the shape of pop culture figures and cartoon characters enjoyed by children.
Others are decorated with pictures of prominent football players and actors. One of the most common faces pasted on lanterns nowadays is that of football star Mohamed Salah.
These modern lanterns often come with twinkling lights and speakers that play traditional Ramadan songs.
Modern lanterns are pretty cheap, unlike the more elaborate, higher-end traditional designs typically made from brass inlaid with coloured glass and produced by professional artisans in the country's Islamic districts.
Fanous-making remains one of the most prolific handicrafts practised by Egypt’s artisans, many of whom inherited the tradition from their fathers and grandfathers.
“I made these ones myself,” Mohamed Mohamed, 31, tells The National as he points to lanterns at his family’s shop in Islamic Cairo.
“We have a workshop not far from here where we make all of our lanterns. My brothers and I do most of the work but our father oversees our work.”
According to Mamluk-era Islamic historian Taqi Al Maqrizi, the lanterns were a very common part of celebrations in Egypt, even one for other religions.
He says they were even used in Christmas celebrations across the country before it was conquered by the Shiite Fatimids who made Cairo the capital of their short-lived empire.
Today, the period before Ramadan is the busiest for the capital’s brass workers, one during which they look forward to making their largest sales for the year.
During the holy month, Cairo's historically Islamic districts stay open for visitors well past midnight each day, with shops and vendors selling Ramadan-themed goods while musicians play folk music in cafes and people enjoy snacks and treats.
While the lantern itself is not religious in the sense that it is not mentioned in Islamic scriptures, it has become an important part of Ramadan celebrations.
“It is unclear to me what Islamic law thinks of the fanous. But I think that it has an important part to play in celebrations of Ramadan in Egypt,” says Sonia Fahmy, a Quran instructor and philanthropist.
“It is not religious in and of itself; rather, it is a decorative element that keeps the religious traditions alive through the celebrations it is used in.”
The country’s institutions, including most ministries, universities and government authorities, are known to adorn their premises with large, extravagant lanterns during the holy month.
Although the roots of the fanous are in Egypt, it has spread to other Muslim-majority regions around the world since the Middle Ages, particularly countries in Asia such as Indonesia and Malaysia.
Other Arab nations such as Jordan, Lebanon and the UAE do incorporate fanous decorations into their Ramadan celebrations, though not to the same extent as Egypt.
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Michael J Mazarr
Public Affairs
Dh67
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Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment
Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman
Rating 3 /5 stars
The Lowdown
Kesari
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Produced by: Dharma Productions, Azure Entertainment
Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra
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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
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.”