Egypt posted record daily highs for the number of Covid-19 cases and deaths, the latest evidence that the most populous Arab nation’s battle to contain the deadly disease was going through its worst stretch.
In its daily report on Saturday, the Health Ministry said 1,677 Covid-19 cases were confirmed in the previous 24 hours, taking to 42,980 the total number since the outbreak of the coronavirus began in mid-February. The previous high was recorded the previous day, when 1,577 cases were announced.
The ministry said the number of Covid-19-related fatalities over the past 24 hours numbered 62, eclipsing by 15 the previous all-time high recorded on June 2. The number of deaths stands at 1,484.
The latest figures mean that a total of 24,224 have contracted the respiratory disease since May 27. They are more than half the total number of cases since the outbreak began, indicating that Egypt’s 100 million people are in the grips of the worst phase of the pandemic.
Authorities insist that the numbers fall within official forecasts and that the country’s medical facilities have the capacity to deal with much larger numbers if need be.
One senior health ministry official said earlier this week that the numbers will continue to rise during the remainder of June, with the worst daily number of cases possibly hitting 2,500, but that the curve would be flattened by mid-July.
The government has been seeking to strike a balance between protecting Egyptians from the pandemic and preventing the economy from tanking.
It has been gradually easing the lockdown it imposed in March while counselling that, until a vaccine is developed, everyone must learn to live with the coronavirus while taking precautions like social distancing and embracing stringent hygiene standards.
It has made wearing a mask mandatory in public spaces, like transport, government offices and banks, but many Egyptians have continued to take a dangerously casual approach to the pandemic.
A video posted online this week, for example, showed holidaymakers at a Red Sea resort gathered on the beach dancing to drumbeats. The Ministry of Tourism, which last month allowed hotels to reopen with reduced capacity provided they pass stringent health and hygiene inspections, is investigating the incident. Hotels found to violate health measures risk closure.
Police have routinely been breaking up gatherings on streets close to or by the Nile. Thousands of taxi drivers have been fined or had police reports filed against them for not wearing masks or allowing passengers to travel without one. Public beaches and parks remain closed as well as mosques, churches, museums, theatres, cinemas, antiquity sites, restaurants, cafes and gyms.
On Thursday, Egypt said it would allow foreign flights and tourists back into coastal areas with the least number of Covid-19 cases starting July 1, a move that reflected the government’s resolve to try to salvage what had once shaped to be the best tourism season on record before the outbreak of the coronavirus devastated the vital industry.
Tourism accounts for nearly 15 per cent of Egypt’s GDP and is a major source of foreign currency. It’s among the biggest casualties of the pandemic.
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
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
UAE currency: the story behind the money in your pockets
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
The stats
Ship name: MSC Bellissima
Ship class: Meraviglia Class
Delivery date: February 27, 2019
Gross tonnage: 171,598 GT
Passenger capacity: 5,686
Crew members: 1,536
Number of cabins: 2,217
Length: 315.3 metres
Maximum speed: 22.7 knots (42kph)
Herc's Adventures
Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
UAE currency: the story behind the money in your pockets
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Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
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