Build in 1269 at the start of Mamluk rule in Egypt, the Zaher Baybars Mosque's renovation cost more than 237 million Egyptian pounds. Kamal Tabikha/The National
Build in 1269 at the start of Mamluk rule in Egypt, the Zaher Baybars Mosque's renovation cost more than 237 million Egyptian pounds. Kamal Tabikha/The National
Build in 1269 at the start of Mamluk rule in Egypt, the Zaher Baybars Mosque's renovation cost more than 237 million Egyptian pounds. Kamal Tabikha/The National
Build in 1269 at the start of Mamluk rule in Egypt, the Zaher Baybars Mosque's renovation cost more than 237 million Egyptian pounds. Kamal Tabikha/The National

Egypt's third-largest mosque reopens after 15-year restoration co-funded by Kazakhstan


Kamal Tabikha
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  • Arabic

Egypt’s third largest mosque reopened in Cairo on Sunday morning following a 15-year-long renovation.

The reopening ceremony took place in Old Cairo, an area known for its extensive Islamic relics, and was attended by the Grand Imam of Al Azhar, Ahmed El Tayeb, and the Chairman of the Kazakh Senate, Mäulen Äşimbaev, whose government co-funded the renovation.

Also in attendance was Egypt’s tourism and antiquities minister, Ahmed Issa, and a number of other prominent Egyptian and Kazakh officials. To mark the occasion, Kazakh officials dressed in the country's traditional garb for the ceremony.

Many Kazakhs who live in Egypt attended the reopening of the Al Zaher Baybars mosque in Cairo. The Kazakh side contributed $4.5 million to the renovation. Kamal Tabikha/The National
Many Kazakhs who live in Egypt attended the reopening of the Al Zaher Baybars mosque in Cairo. The Kazakh side contributed $4.5 million to the renovation. Kamal Tabikha/The National

Constructed in 1269 at the start of Mamluk rule in Egypt, the Zaher Baybars Mosque was renovated at a cost of more than 237 million Egyptian pounds ($7.68 million), according to an address made at Sunday’s ceremony by Egypt’s religious endowments minister, Mokhtar Gomaa.

Baybars was born in modern day Kazakhstan, which is holding a number of festivities to mark the passing of 800 years since his birth, Mr Äşimbaev said on Sunday.

The Kazakh side contributed $4.5 million to the renovation, which it gave to the Egyptian government in 2008, Mr Gomaa said.

The Kazakh contribution was worth 27 million Egyptian pounds in 2008, Mr Gomaa said on Sunday. Today, it would be worth over 138 million Egyptian pounds.

“The mosque’s opening takes place following around 225 years of being closed and not operating as a mosque,” said Egypt’s Mr Gomaa on Sunday.

The mosque had fallen into disrepair in the 16th century when it was turned into a storage facility by the Ottomans, who at that time were ruling Egypt. It was then used as a military fort during the French campaign in Egypt (1798-1801) when cannons were placed on its walls and its minaret was used as a defensive tower.

When the British invaded Egypt the mosque was used as a military warehouse and then a slaughterhouse.

Restoration work on the mosque included repairing its entryways, which feature the first use of ablaq masonry in Cairo.

Egypt reopens Al Zaher Baybars mosque after 15-year restoration. Kamal Tabikha/The National
Egypt reopens Al Zaher Baybars mosque after 15-year restoration. Kamal Tabikha/The National

Ablaq is an architectural technique that uses alternating rows of light and dark stones. It is heavily associated with Islamic architecture.

The interior walls of the mosque, made almost entirely of red bricks, represent the usual design for mosques of that era, according to the mosque's restoration team.

While some of the areas in the mosque were restored, others were entirely reconstructed because they were too badly damaged.

Egypt's Al Zaher Baybars mosque. Kamal Tabikha/The National
Egypt's Al Zaher Baybars mosque. Kamal Tabikha/The National

These included the new wooden gates, fashioned in the style of the Fatimids, a Shiite Islamic dynasty that ruled Egypt before the Mamluks, and the cushion voussoirs – stone wedges – and keel arches placed over the main entryway.

The outer wall was also rebuilt to resemble its former fortress-like appearance, the contractors said.

In 2008, when the renovation agreement between Egypt and Kazakhstan was signed, the mosque’s structure had badly deteriorated because it was built on a particularly low part of Cairo, which made it susceptible to rising levels of groundwater, said Arab Contractors, the state-affiliated construction company which carried out the renovation.

Zaher Baybars

Work on the mosque was stalled by the 2011 uprising that toppled former president Hosni Mubarak, Mostafa Waziri, the secretary-general of Egypt’s Supreme Council of Antiquities, said during his address on Sunday.

It resumed in 2018, Mr Waziri said.

Al Zaher Baybars is a prominent figure in Egypt’s history who has been mythologised in the exciting tales of Mamluk rule in Egypt (1250-1517).

“Even though Al Zaher Baybars, a sombre figure, was a Turkic knight, he is widely considered the real founder of Mamluk Egypt,” said Grand Imam Al Tayeb during his address on Sunday.

Spanning an area of 12,600 square metres, the Zaher Baybars Mosque is Egypt’s third largest after Al Hakim Bi Amr Allah and Ahmed Ibn Tulun mosques, both of which are in Islamic Cairo.

Stamp duty timeline

December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
Up to £125,000 - 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; Over £1.5m – 12%

April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.

July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.

March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.

April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

WHAT ARE NFTs?

     

 

    

 

   

 

Non-fungible tokens (NFTs) are tokens that represent ownership of unique items. They allow the tokenisation of things such as art, collectibles and even real estate.

 

An NFT can have only one official owner at one time. And since they're minted and secured on the Ethereum blockchain, no one can modify the record of ownership, not even copy-paste it into a new one.

 

This means NFTs are not interchangeable and cannot be exchanged with other items. In contrast, fungible items, such as fiat currencies, can be exchanged because their value defines them rather than their unique properties.

 
Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

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Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor

HEADLINE HERE
  • I would recommend writing out the text in the body 
  • And then copy into this box
  • It can be as long as you link
  • But I recommend you use the bullet point function (see red square)
  • Or try to keep the word count down
  • Be wary of other embeds lengthy fact boxes could crash into 
  • That's about it
Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: UAE v Nepal; Hong Kong v Singapore; Malaysia v Oman

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final

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

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Checks continue

A High Court judge issued an interim order on Friday suspending a decision by Agriculture Minister Edwin Poots to direct a stop to Brexit agri-food checks at Northern Ireland ports.

Mr Justice Colton said he was making the temporary direction until a judicial review of the minister's unilateral action this week to order a halt to port checks that are required under the Northern Ireland Protocol.

Civil servants have yet to implement the instruction, pending legal clarity on their obligations, and checks are continuing.

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
Updated: June 04, 2023, 1:40 PM