A trove of ancient coffins and artefacts on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis, in Saqqara, south of Cairo. AP
A trove of ancient coffins and artefacts on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis, in Saqqara, south of Cairo. AP
A trove of ancient coffins and artefacts on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis, in Saqqara, south of Cairo. AP
A trove of ancient coffins and artefacts on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis, in Saqqara, south of Cairo. AP

Huge archaeological find in Egypt includes 50 mummies and a temple


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Egyptian archaeologists announced a major find on Sunday, including a funerary temple, more than 50 wooden sarcophagi and a five-metre papyrus depicting a chapter of the ancient Egyptian Book of the dead.

Egypt's world-famous archaeologist Zahi Hawass announced the new finds at Saqqara, the vast necropolis of the ancient Egyptian capital of Memphis, a Unesco World Heritage Site.

"Every day, the sands of Saqqara reveal more information that helps us write the history of Egypt," Mr Hawass told The National in Saqqara.

He said the temple belonged to Queen Naert, wife of King Teti, the first pharaoh of the sixth dynasty that ruled during the New Kingdom period (16th century-11th century BC). The Queen was only identified on Saturday, when archaeologists found her name engraved on a temple wall, he said.

  • A coffin, part of a recent discovery from the Saqqara necropolis, is seen south of Cairo, Egypt. Reuters
    A coffin, part of a recent discovery from the Saqqara necropolis, is seen south of Cairo, Egypt. Reuters
  • Ancient skull and bones are on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
    Ancient skull and bones are on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
  • A view shows the site of a recent discovery at the Saqqara necropolis south of Cairo, Egypt. Reuters
    A view shows the site of a recent discovery at the Saqqara necropolis south of Cairo, Egypt. Reuters
  • An archaeologist brushes ancient skulls for the media on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
    An archaeologist brushes ancient skulls for the media on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
  • Artifacts, part of a recent discovery from the Saqqara necropolis, are seen south of Cairo, Egypt. REUTERS
    Artifacts, part of a recent discovery from the Saqqara necropolis, are seen south of Cairo, Egypt. REUTERS
  • Men work at the site of a recent discovery at the Saqqara necropolis south of Cairo, Egypt. Reuters
    Men work at the site of a recent discovery at the Saqqara necropolis south of Cairo, Egypt. Reuters
  • A woman walks at the site of a recent discovery at the Saqqara necropolis south of Cairo, Egypt. Reuters
    A woman walks at the site of a recent discovery at the Saqqara necropolis south of Cairo, Egypt. Reuters
  • Egyptian archaeologist Zahi Hawass stands at the excavation site of the funerary temple of Queen Nearit, the wife of King Teti, where he and his team unearthed a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
    Egyptian archaeologist Zahi Hawass stands at the excavation site of the funerary temple of Queen Nearit, the wife of King Teti, where he and his team unearthed a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
  • Pottery on display near the funerary site of the temple of Queen Nearit, the wife of King Teti, where Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
    Pottery on display near the funerary site of the temple of Queen Nearit, the wife of King Teti, where Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
  • A trove of ancient artefacts is on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
    A trove of ancient artefacts is on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
  • An ancient mummy is on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
    An ancient mummy is on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
  • Workers rest near a trove of ancient artifacts on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
    Workers rest near a trove of ancient artifacts on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis filled with burial shafts, coffins and mummies dating back to the New Kingdom 3000 BC in Saqqara, south of Cairo, Egypt. AP
  • Workers at the newly discovered funerary temple of Queen Nearit, the wife of King Teti in the Saqqara archaeological site next to the Pyramid of King Teti in Giza, Egypt. EPA
    Workers at the newly discovered funerary temple of Queen Nearit, the wife of King Teti in the Saqqara archaeological site next to the Pyramid of King Teti in Giza, Egypt. EPA
  • Archeologists work at the excavation site of the funerary temple of Queen Nearit, the wife of King Tetiwhere, led by Egyptian archaeologist Zahi Hawass, and his team unearthed in a vast necropolis, in Saqqara, south of Cairo, Egypt. AP
    Archeologists work at the excavation site of the funerary temple of Queen Nearit, the wife of King Tetiwhere, led by Egyptian archaeologist Zahi Hawass, and his team unearthed in a vast necropolis, in Saqqara, south of Cairo, Egypt. AP
  • A trove of ancient artifacts on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis, in Saqqara, south of Cairo, Egypt. AP
    A trove of ancient artifacts on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis, in Saqqara, south of Cairo, Egypt. AP
  • A trove of ancient skulls are on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis, in Saqqara, south of Cairo, Egypt. AP
    A trove of ancient skulls are on display that Egyptian archaeologist Zahi Hawass and his team unearthed in a vast necropolis, in Saqqara, south of Cairo, Egypt. AP

The discoveries were made during a joint excavation by Bibliotheque Alexandria's Zahi Hawas Institute and the Ministry of Antiquities. A wealthy French family financed the dig, according to Essam Sheehab, a senior archaeologist who worked on it since excavations began in September.

"The most important discovery, in my opinion, is the temple," said Mr Hawass, who has for decades been the global face of Egyptology with his hallmark Indiana Jones hat and passionate stories of discoveries in the country.

“Beside this temple we found the storage area, where tools that they used for the rituals inside the temple were kept,” he told reporters.

He said 22 burial shafts were discovered during excavations.

Fifty-two wooden coffins dating back to the New Kingdom were found in the shafts. "They are decorated with many scenes depicting gods worshipped during that time," he said.

The team discovered statues, toys, wooden boats and funerary masks. A papyrus depicted a chapter of the Book of the Dead, a collection of mortuary texts of spells that ancient Egyptians believed would guide the soul of the deceased in the afterlife. It was first used in the New Kingdom.

The latest trove to be found in Saqqara, home to the famed Stepped Pyramid and other notable finds, came two months after Egyptian archaeologists announced the discovery of more than 100 sealed wooden sarcophagi dating back around 2,500 years in the same area. It was the largest find of 2020.

A statement by the Ministry of Antiquities released on Saturday said the latest discovery could shed new light on the history of Saqqara during the New Kingdom.

Egypt hopes archaeological discoveries and the media attention that surround them will spur tourism, a sector devastated by years of turmoil that followed a 2011 uprising and more recently by the coronavirus pandemic.

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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

AUSTRALIA SQUAD

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How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
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The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

UAE currency: the story behind the money in your pockets
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Ticket prices

General admission Dh295 (under-three free)

Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free

Buy tickets at: wbworldabudhabi.com/en/tickets

 

 

Notable Yas events in 2017/18

October 13-14 KartZone (complimentary trials)

December 14-16 The Gulf 12 Hours Endurance race

March 5 Yas Marina Circuit Karting Enduro event

March 8-9 UAE Rotax Max Challenge

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A
Six large-scale objects on show
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  • The 17th Century Agra Colonnade, from the bathhouse of the fort of Agra in India
  • A stagecloth for The Ballet Russes that is 10m high – the largest Picasso in the world
  • Frank Lloyd Wright’s 1930s Kaufmann Office
  • A full-scale Frankfurt Kitchen designed by Margarete Schütte-Lihotzky, which transformed kitchen design in the 20th century
  • Torrijos Palace dome
%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fislamic-economy-consumer-spending-to-increase-45-to-3-2tn-by-2024-1.936583%22%20target%3D%22_self%22%3EGlobal%20Islamic%20economy%20to%20grow%203.1%25%20to%20touch%20%242.4%20trillion%20by%202024%3C%2Fa%3E%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fuk-economy-plunges-into-worst-ever-recession-after-record-20-4-contraction-1.1062560%22%20target%3D%22_self%22%3EUK%20economy%20plunges%20into%20worst-ever%20recession%20after%20record%2020.4%25%20contraction%3C%2Fa%3E%3C%2Fp%3E%0A%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fislamic-economy-consumer-spending-to-increase-45-to-3-2tn-by-2024-1.936583%22%20target%3D%22_self%22%3EIslamic%20economy%20consumer%20spending%20to%20increase%2045%25%20to%20%243.2tn%20by%202024%3C%2Fa%3E%3C%2Fp%3E%0A
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The team

Videographer: Jear Velasquez 

Photography: Romeo Perez 

Fashion director: Sarah Maisey 

Make-up: Gulum Erzincan at Art Factory 

Models: Meti and Clinton at MMG 

Video assistant: Zanong Maget 

Social media: Fatima Al Mahmoud  

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

'How To Build A Boat'
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UAE currency: the story behind the money in your pockets
What to watch out for:

Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways

The hulls of three ships will be used for the roof

The hulls will painted to make the largest Italian tricolour in the country’s history

Several pillars more than 20 metres high will support the structure

Roughly 15 tonnes of steel will be used

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5