Antiquities workers at the Pelusium site, in the Tell El Farma region of North Sinai, Egypt, unearth part of an archway into a temple to the god Zeus Cassius.
Antiquities workers at the Pelusium site, in the Tell El Farma region of North Sinai, Egypt, unearth part of an archway into a temple to the god Zeus Cassius.
Antiquities workers at the Pelusium site, in the Tell El Farma region of North Sinai, Egypt, unearth part of an archway into a temple to the god Zeus Cassius.
Antiquities workers at the Pelusium site, in the Tell El Farma region of North Sinai, Egypt, unearth part of an archway into a temple to the god Zeus Cassius.

Ancient temple dedicated to Zeus found in North Sinai


Kamal Tabikha
  • English
  • Arabic

Egyptian archaeologists excavating the city of Pelusium, in the Tell El Farma region of North Sinai, have uncovered the remains of an ancient temple dedicated to the god Zeus Cassius.

Zeus Cassius was connected with Mount Casius — also known as Jebel Agra — a limestone mountain on the Syrian-Turkish border near the Mediterranean.

Said to be based on the cult of a mountain god, conflated with Greek god Zeus, Zeus Cassius was worshipped mainly in Syria and Egypt, though there was also a temple in Greek island Corfu.

Parts of the Sinai temple were found about 200 metres from a colossal mud-brick complex dating back to the Greco-Roman period — between the eighth century BC and sixth century AD — discovered in 2019, Egypt's Ministry of Tourism and Antiquities said.

The archaeological mission, which is managed by the Supreme Council of Antiquities, is part of a government plan to develop the Sinai Peninsula and open more of it to tourists.

The Tell El Farma archaeological site in North Sinai, also known as Pelusium. On the site of this ancient city Egyptian archaeologists discovered a temple to the god Zeus Cassius. Ministry of Tourism and Antiquities
The Tell El Farma archaeological site in North Sinai, also known as Pelusium. On the site of this ancient city Egyptian archaeologists discovered a temple to the god Zeus Cassius. Ministry of Tourism and Antiquities

The mission was first alerted to the location of the temple when they found the remains of an ancient stone gateway that had been destroyed by an earthquake centuries ago.

“The location of the discovered temple was determined based on the presence of the remains of a huge gate on the surface of the earth that collapsed in the past due to a strong earthquake that struck the city,” said Dr Mostafa Waziri, Secretary General of the Supreme Council of Antiquities.

Archaeologists suspected that the gate — which consisted of two massive columns supporting a giant stone slab, all made of pink granite — had to be the entrance to a place of significance.

The temple itself, however, was built with mud bricks.

Near the temple, several other large blocks of pink granite were also found, which led some on the mission to believe that the site was later repurposed as a stone quarry.

Slabs of pink granite unearthed at the Tell El Farma site in North Sinai. The area is being developed by the government in a bid to promote tourism to the peninsula. Ministry of Tourism and Antiquities
Slabs of pink granite unearthed at the Tell El Farma site in North Sinai. The area is being developed by the government in a bid to promote tourism to the peninsula. Ministry of Tourism and Antiquities

The ministry said the same pink granite was used to construct the city’s ancient churches, the remains of which are at Pelusium today.

“The archaeological mission succeeded in revealing for the first time the remains of the temple, which was built of mud bricks on a raised platform of rubble and broken stones, and its ceiling bears columns of pink granite,” said Dr Ayman Ashmawy, head of the Egyptian antiquities section at the Supreme Council of Antiquities.

Historians have found evidence that Pelusium was an established city since the early first millennium BC. This places the city in the late Pharaonic period. It was also an important city in Greco-Roman and Byzantine times.

It has a special significance in Christian scripture, where it is mentioned as the gate into Egypt from the Holy Land that the child Jesus, Mary and Joseph used to enter Egypt.

Excavators working at the Tell El Farma archeological site in North Sinai. The all-Egyptian mission found a temple to the god Zeus Cassius. Ministry of Tourism and Antiquities
Excavators working at the Tell El Farma archeological site in North Sinai. The all-Egyptian mission found a temple to the god Zeus Cassius. Ministry of Tourism and Antiquities
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Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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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.”

Updated: April 25, 2022, 7:43 PM