The antique bronze statue of the goddess Isis. Photo: Egyptian Foreign Ministry
The antique bronze statue of the goddess Isis. Photo: Egyptian Foreign Ministry
The antique bronze statue of the goddess Isis. Photo: Egyptian Foreign Ministry
The antique bronze statue of the goddess Isis. Photo: Egyptian Foreign Ministry

Egypt repatriates goddess Isis bronze from Switzerland


Kamal Tabikha
  • English
  • Arabic

A bronze statue of the ancient Egyptian goddess Isis has been repatriated to Egypt from Switzerland, the Ministry of Tourism and Antiquities said.

The statue, which was smuggled out of the country illegally, dates back to the Late Period of Egypt’s history (664-332 BCE) and depicts the goddess Isis in a seated position with the baby Horus, another of ancient Egypt’s most prominent deities, on her lap.

With the return of yet another piece smuggled from Egypt, the ministry’s statement reaffirmed its commitment to continuing to reclaim more of the country’s stolen heritage.

The statue was found by Swiss customs officials in 2018 who notified Egypt’s Foreign Ministry, which sent a team of archaeologists to ascertain the origin and value of the piece.

The bronze piece, which dates back to 64-332 BCE, was smuggled out of Egypt illegally. Photo: Egyptian Foreign Ministry
The bronze piece, which dates back to 64-332 BCE, was smuggled out of Egypt illegally. Photo: Egyptian Foreign Ministry

The experts determined that the statue, which was not recorded on any of the ministry’s lists, must have been the product of illegal excavations which commonly take place in Egypt without the government’s knowledge.

The ministry’s statement in particular praised the efforts of the Swiss Federal Office for Cultural Affairs, with which the ministry signed an agreement in 2013, for returning the bronze.

The statue was received by Egypt’s ambassador to Switzerland, Wael Gad, on Tuesday and was expected to arrive in Cairo “very soon”.

The antiquities ministry this month said it had co-operated with US prosecutors to repatriate 16 smuggled pieces dating back to various eras of Egyptian history.

In July, the ministry said it had received more than 100 pieces from French authorities.

  • A mixed group of artefacts repatriated to Egypt from the US.
    A mixed group of artefacts repatriated to Egypt from the US.
  • The pieces were smuggled out at various times throughout Egypt's recent history.
    The pieces were smuggled out at various times throughout Egypt's recent history.
  • The pieces date back to various eras of Egypt's history, including the Roman, Byzantime, Ptolemaic and Pharaonic periods.
    The pieces date back to various eras of Egypt's history, including the Roman, Byzantime, Ptolemaic and Pharaonic periods.
  • Egypt’s antiquities ministry said it co-operated with New York prosecutors and Egyptian foreign ministry officials in the US to repatriate the pieces,
    Egypt’s antiquities ministry said it co-operated with New York prosecutors and Egyptian foreign ministry officials in the US to repatriate the pieces,
  • The pieces were smuggled out at various times in Egypt's recent history.
    The pieces were smuggled out at various times in Egypt's recent history.
  • Three separate American investigations were conducted into the matter, according to the antiquities ministry. The investigations conclusively determined that the artefacts were smuggled out of Egypt illegally.
    Three separate American investigations were conducted into the matter, according to the antiquities ministry. The investigations conclusively determined that the artefacts were smuggled out of Egypt illegally.
  • Egypt has intensified its efforts to combat rampant smuggling and repatriate smuggled pieces.
    Egypt has intensified its efforts to combat rampant smuggling and repatriate smuggled pieces.
  • A bronze statue depicting a man kneeling.
    A bronze statue depicting a man kneeling.
  • In December last year 36 pieces were returned from Valencia, Spain after being smuggled out in 2014.
    In December last year 36 pieces were returned from Valencia, Spain after being smuggled out in 2014.
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Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

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Arsenal 1 (Aubameyang 12’) Liverpool 1 (Minamino 73’)

Arsenal win 5-4 on penalties

Man of the Match: Ainsley Maitland-Niles (Arsenal)

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

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Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

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Director: Ed Perkins

Stars: Alex and Marcus Lewis

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5pm: Warsan Lake – Maiden (PA) Dh80,000 (Turf) 2,200m; Winner: Dhaw Al Reef, Sam Hitchcott (jockey), Abdallah Al Hammadi (trainer) 

5.30pm: Al Quadra Lake – Maiden (PA) Dh80,000 (T) 1,600m; Winner: Mrouwah Al Gharbia, Sando Paiva, Abubakar Daud 

6pm: Hatta Lake – Handicap (PA) Dh80,000 (T) 1,600m; Winner: AF Yatroq, George Buckell, Ernst Oertel 

6.30pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,600m; Winner: Ashton Tourettes, Adries de Vries, Ibrahim Aseel 

7pm: Abu Dhabi Championship – Listed (PA) Dh180,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami 

7.30pm: Zakher Lake – Rated Conditions (TB) Dh80,000 (T) 1,400m; Winner: Alfareeq, Dane O’Neill, Musabah Al Muhairi.  

Updated: September 28, 2022, 3:08 PM