Egypt’s tourism and antiquities minister inaugurated the newly restored dome of the Imam Al Shafi'i Mosque in Old Cairo on Sunday in celebration of World Heritage Day.
A prominent Ayyubid landmark of Islamic Cairo, the Imam Al Shafi’i mosque reopened in November after a three-year renovation.
The dome, which predates the mosque by a few centuries, required more extensive work.
The contract for the extensive restoration of the mosque and the dome, a joint effort by the ministries of tourism and awqaf, or religious endowments, was awarded to the state-owned Arab Contractors Company.
Tourism Minister Khaled El Anany said his ministry oversaw the decorative and cultural restoration while the Awqaf Ministry provided the funding.
The work on the mosque alone cost 13 million Egyptian pounds ($829,000), the Tourism Ministry said.
The dome suffered a great deal of wear and tear over the years because of its location in a densely populated and badly polluted area of Cairo.
Both the interior and exterior of the dome were restored under the supervision of tourism ministry experts in Islamic culture and architecture.
The work was carried by a large crew of technicians working with materials including wood, stucco, coloured marble and metal.
A new drainage system was installed to prevent water damage to the structure, and a new lighting system was added for decorative purposes.
The structural work included treating many cracks in the walls, floors and ceilings, and the replacement of fixtures on the dome, such as its lead cladding, because they were beyond repair.
The dome is inscribed with Quranic text including excerpts from Ayat Al Kursi (Verse of the Throne), one of the holiest verses in the Islamic faith.
Restoration of the inscriptions had to be handled with care because of the age of the structure.
The mosque is named after one of the most important imams of Sunni Islam, Muhammad ibn Idris Al Shafi'i, whose remains are housed in a mausoleum at the dome.
An Islamic scholar and theologian, Al Shafi’i was the first contributor to the principles of Islamic jurisprudence and the founder of the Shafi’i school, or madhab, one of the four most important schools of thought on Islamic law.
Al Shafi’i lived in the 8th and 9th centuries, and the dome was built in 1212 by the Ayyubid Sultan Al Kamil in his honour.
The mosque’s construction came a few centuries later during the reign of Khedive Tawfiq in 1892.
The mosque’s facelift was a cornerstone of the government's renovation for a large section of Cairo for the opening of the nearby National Museum of Egyptian Civilisation this month.
The opening was marked by the transfer of 22 royal mummies to its halls from the Egyptian Museum in Tahrir Square in a grand parade.
The museum is on the banks of the Ain Al Sira lake, which was an entirely different space a few years ago when it was still inhabited by thousands of Cairo’s poorest.
The lake has received one of the most intensive makeovers the Egyptian capital has seen in years, turning it into a clean space with restaurants, cafes, artisanal stores and a walkway.
Mr El Anany has been one of the most outspoken voices for the renovation of Cairo’s Islamic and Coptic districts, most of which are in Old Cairo, also known as Historic Cairo.
He said one of his ministry’s main goals is to highlight Egypt’s non-pharaonic heritage sites, which are often overlooked by tourists eager to visit the pyramids and other ancient attractions for which the country is better known.
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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
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Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.