Here is an idea that will almost certainly not fly politically, but economically which makes a lot of sense.
Egypt is overflowing with antiquities. So much so that they are stuffed away to moulder in warehouses, sometimes forgotten and allowed to deteriorate, never to be seen again by the public or by researchers.
Why not package up some of these artefacts and organise their sale to foreigners or Egyptians, complete with documents telling the buyer where the item was found and why it is significant? The government could add tens of millions of dollars to its coffers each year.
It’s not like Egypt isn’t selling antiquities now. The problem is that the sellers are not the government, but rather organised looters who have been plundering the country’s archaeological sites. In the process they have been destroying important historical information that proper archaeology would glean from the objects’ physical contexts.
The pillaging has been going on full force since the 2011 uprising, with digging and looting in sites from Alexandria to Aswan.
The value of the spoils is staggering. A week ago, the news site Live Science published a report, based on US Customs documents, saying international traders had openly declared about $50 million imports in artefacts from Egypt in 2016, the biggest yearly amount in at least two decades.
It is almost certain, though difficult to prove, that the bulk of these artefacts were taken out of Egypt illegally. Among the imports were more than 10 kilograms of antique gold coins.
The $50m is almost certainly an underestimate. Importers tend to understate the value of objects, and many others bring objects in without declaring them to customs.
And that is just a single country. One has to assume that a steady stream has been flowing into wealthy countries in Europe, the Gulf states and the Far East as well.
Even without the looting, Egypt has been getting little benefit from many of the artefacts. When an archaeological site is excavated, typically the archaeologists are required to place all the objects they find in warehouses. The public is not allowed to visit and view them, and they usually are not accessible for study. Even the archaeologists working on the project often can’t get back to study them once they have delivered them to the magazine.
By now, the number of such pieces hidden away in countless magazines probably runs into the hundreds of thousands. The objects are often moved with corresponding loss of information and occasionally stolen.
One of the most common of the artefacts is the shabti, a small carved figurine that wealthier ancient Egyptians would place inside their tombs to represent their servants and workers, who would accompany them into the afterlife to continue serving. These shabtis are often elegant, with hieroglyphic writing on their legs.
Because they were so popular in ancient Egypt, tens of thousands have been uncovered, sometimes several hundred in a single tomb. As a result they are now common in museums around the world, acquired before Egypt began restricting the export of antiquities in the 1970s and ‘80s.
Similarly popular were scarabs, or beetle amulets, often used to protect mummies.
There are so many of these objects that most no longer have use in research, museums or academia.
A foreign Egyptologist tells me that until the 1970s the Egyptian Museum in Cairo had a sale room for surplus antiquities, and until the ‘80s foreign archaeologists excavating a site were given a proportion of the finds.
One important effect of again legalising the export of artefacts would be to direct at least a part of the current illicit trade into official channels. Instead of smugglers reaping the gains, the revenue would go to the state treasury.
This is particularly urgent. Since the collapse of tourism after the 2011 uprising and subsequent political turmoil, ticket sales have plummeted and antiquities have been starved of funds. Egypt needs more revenue to operate its museums, restore more important artefacts and preserve and protect its main archaeological sites.
The objects could be given official registration with papers, which would make them more valuable on the international market since their provenance would be documented, making them legally tradable. They could be digitally scanned before the sale, and conditions could be put that the buyer will make the object available to researchers if necessary.
Alas, it will probably not happen. Last week a television station asked in an online poll if Egypt should sell antiquities to solve its economic crisis. Critics of the government immediately went on the attack, accusing it of being behind the poll. Said one online opposition newspaper: “After the regime sold the country … it’s going to sell our history and civilisation.”
Patrick Werr has worked as a financial writer in Egypt for 26 years.
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
UEFA CHAMPIONS LEAGUE FIXTURES
All kick-off times 10.45pm UAE ( 4 GMT) unless stated
Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid
Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona
MATCH INFO
CAF Champions League semi-finals first-leg fixtures
Tuesday:
Primeiro Agosto (ANG) v Esperance (TUN) (8pm UAE)
Al Ahly (EGY) v Entente Setif (ALG) (11PM)
Second legs:
October 23
The specs
Engine: 4-litre twin-turbo V8
Transmission: nine-speed
Power: 542bhp
Torque: 700Nm
Price: Dh848,000
On sale: now
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
All%20The%20Light%20We%20Cannot%20See%20
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MOST%20POLLUTED%20COUNTRIES%20IN%20THE%20WORLD
%3Cp%3E1.%20Chad%3Cbr%3E2.%20Iraq%3Cbr%3E3.%20Pakistan%3Cbr%3E4.%20Bahrain%3Cbr%3E5.%20Bangladesh%3Cbr%3E6.%20Burkina%20Faso%3Cbr%3E7.%20Kuwait%3Cbr%3E8.%20India%3Cbr%3E9.%20Egypt%3Cbr%3E10.%20Tajikistan%3Cbr%3E%3Cbr%3E%3Cem%3ESource%3A%202022%20World%20Air%20Quality%20Report%3C%2Fem%3E%3C%2Fp%3E%0A
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
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Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Company%20Profile
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Esperance de Tunis 0
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Ticket prices
- Golden circle - Dh995
- Floor Standing - Dh495
- Lower Bowl Platinum - Dh95
- Lower Bowl premium - Dh795
- Lower Bowl Plus - Dh695
- Lower Bowl Standard- Dh595
- Upper Bowl Premium - Dh395
- Upper Bowl standard - Dh295
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Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Basquiat in Abu Dhabi
One of Basquiat’s paintings, the vibrant Cabra (1981–82), now hangs in Louvre Abu Dhabi temporarily, on loan from the Guggenheim Abu Dhabi.
The latter museum is not open physically, but has assembled a collection and puts together a series of events called Talking Art, such as this discussion, moderated by writer Chaedria LaBouvier.
It's something of a Basquiat season in Abu Dhabi at the moment. Last week, The Radiant Child, a documentary on Basquiat was shown at Manarat Al Saadiyat, and tonight (April 18) the Guggenheim Abu Dhabi is throwing the re-creation of a party tonight, of the legendary Canal Zone party thrown in 1979, which epitomised the collaborative scene of the time. It was at Canal Zone that Basquiat met prominent members of the art world and moved from unknown graffiti artist into someone in the spotlight.
“We’ve invited local resident arists, we’ll have spray cans at the ready,” says curator Maisa Al Qassemi of the Guggenheim Abu Dhabi.
Guggenheim Abu Dhabi's Canal Zone Remix is at Manarat Al Saadiyat, Thursday April 18, from 8pm. Free entry to all. Basquiat's Cabra is on view at Louvre Abu Dhabi until October
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
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If you go...
Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.
Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50
Match info:
Portugal 1
Ronaldo (4')
Morocco 0
'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Sholto Byrnes on Myanmar politics