Egypt has had by far its best “Covid-19” week in months, with fatalities and confirmed cases of the deadly disease significantly down as the country of 100 million people continues to reopen more, confidently inching closer to normality.
According to the Health Ministry, there were 4,598 Covid-19 cases in the week ending Friday, showing a 55.5 per cent decline on the 10,342 cases registered during the corresponding seven-day period in June, when cases and deaths accounted for about 50 per cent of the figures in the previous four months combined.
Fatalities in the July 18-24 period also saw a sharp decline of 45 per cent, with 330 deaths compared to 600 during the same period in June.
The figures bear out the forecast by Egyptian officials that the infection curve would flatten by mid-July before it begins to decline.
The health ministry has reported 91,072 Covid-19 cases and 4,518 deaths since the coronavirus pandemic hit Egypt five months ago. Officials say the actual number of cases and fatalities could be as much as 10 times higher. However, the ministry’s figures, while not reflecting statistical realities, are considered a reliable indicator of the pandemic’s curve.
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Coronavirus in the Middle East
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The government almost completely reopened the country on June 27, saying that until a vaccine is developed, Egyptians must learn to normally go about their business while taking precautions such as social distancing and wearing masks in crowded public places.
Critics at the time accused the government of putting the economy ahead of the well-being of Egyptians and called for lockdown measures to remain in place until the pandemic was over. However, the July figures suggest these fears were unfounded.
The government is further relaxing regulations from Sunday by allowing restaurants and cafes to stay open until midnight, not 10pm as has been the case since June 27, and to double their operating capacity to 50 per cent. Shops and malls will be allowed to stay open for an extra hour until 10pm.
However, public beaches and parks will stay closed, and congregational prayers at mosques and churches remain banned. Cinemas and theatres will continue to operate only at a quarter of their capacity
Prime Minister Mustafa Madbouli has asked religious authorities to come up with guidelines for the “gradual” return to Friday prayers, according to a statement from his office. Muslims, who make up the overwhelming majority in Egypt, will not be allowed to visit mosques to offer the special early morning prayers on the first day of the feast of Eid Al Adha at the end of the coming week. The same ban was applied for Eid Al Fitr at the end of the holy month of Ramadan two months ago.
Official conferences will be allowed on the condition that participants do not exceed 50 at venues with a 100-person capacity. Exhibits and fairs will resume in October, according to the statement.
Egypt has gone to great lengths to prevent the economy from tanking because of the pandemic, announcing an ambitious stimulus package in March that included tax breaks, easier terms for debt repayments and a steep interest rate hike to encourage savings. It has also provided day workers with financial support to weather the lockdown. Egypt has also turned to the International Monetary Fund for help, taking two loans worth a total of nearly $8 billion to help it get through the pandemic.
The government’s swift reaction to the economic fallout of the coronavirus showed its alarm that the hard-won economic gains made over the past four years through an ambitious reform programme co-ordinated with the IMF could evaporate, plunging the country back in the financial turmoil it was mired in for years after a 2011 uprising that toppled longtime autocrat Hosni Mubarak.
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Power: 248hp at 5,200rpm
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Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
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Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
Zakat definitions
Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.
Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.
Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.
Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
The specs: 2018 BMW X2 and X3
Price, as tested: Dh255,150 (X2); Dh383,250 (X3)
Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)
Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)
Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)
Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)
Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)
Dubai World Cup draw
1. Gunnevera
2. Capezzano
3. North America
4. Audible
5. Seeking The Soul
6. Pavel
7. Gronkowski
8. Axelrod
9. New Trails
10. Yoshida
11. K T Brave
12. Thunder Snow
13. Dolkong
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ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
Read more about the coronavirus
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
AWARDS
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BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)