Iraqi National Museum retrieves ancient Mesopotamian treasures


Sinan Mahmoud
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  • Arabic

Iraq’s Foreign Ministry handed over to the Culture Ministry on Tuesday more than 17,000 ancient artefacts retrieved from the US, the most returned to date.

The priceless relics date back as far as 4,000 years. They were looted from Iraq and smuggled onto the black market over the decades, mainly after the 1990s Gulf War, when former dictator Saddam Hussein started to lose control of many remote parts of the country.

The objects were flown back to Baghdad on Thursday in large wooden boxes in the private plane of Iraqi Prime Minister Mustafa Al Kadhimi.

He had been on a state visit to Washington, DC, where he met US President Joe Biden.

Many of the objects were seized from the Oklahoma-based Hobby Lobby. The chain of arts and crafts shops was forced by the US government to relinquish the items in 2017 and fined $3,000,000 for failing to act on expert advice that the objects may have been looted or to declare their provenance to the authorities.

A museum official told The National the items were all excavated illegally and that Iraqi experts will catalogue the pieces within days before putting them on display.

“Many of these objects are tablets, [a] few figurines, cylinder seals and clay seal impressions that document commercial changes, administrative, religious or daily life from the Sumerian period,” the official said.

“We still don’t know exactly the details of these items or what’s written on them. The only information we have for some of them comes from foreign experts, upon request from US authorities during the investigation.”

Not all the items are in good condition and many are fragments, while some still have salt encrustations, he said. But he confirmed two rare tablets are among them.

The first is a fragment of clay dating back 3,500 to 4,000 years. It is part of the Gilgamesh Epic, the oldest known surviving piece of literature.

The 127mm by 152mm fragment is known as the Dream Tablet and is written in the Sumerian language. In the epic poem, the hero describes a dream to his mother, predicting the arrival of a new friend.

Last century, archaeologists unearthed 12 tablets inscribed with the poem in the ruins of a library in a palace in Nineveh in northern Iraq. They were written in the Akkadian language, suggesting the work’s enduring cultural relevance after the Uruk period.

Parts of the epic give details of Biblical stories including Great Flood and the Garden of Eden, mentioned in the Old Testament.

Some of the tablets, the official said, mention a previously unknown city known as Irisagrig. The tablets document daily life in the city and the government’s activities.

Although US authorities seized the objects from Hobby Lobby in 2017 and handed over the first batch the following year, a full handover was delayed many times as the Iraqis could not afford to charter a plane to collect them, the official said.

While the looting of antiquities was widespread before 2003, the problem came to the fore after the US invasion.

When Baghdad plunged into chaos days after the toppling of Saddam Hussein, looters burst into the Iraqi National Museum, making off with scores of priceless artefacts and leaving the floor littered with shattered ceramics.

The US was widely criticised at the time for failing to protect the site.

Plundering intensified when security nationwide collapsed and security forces fought a series of insurgencies.

In the years that followed, thousands of archaeological sites were left unsecured, even those near large cities.

Iraq has since retrieved thousands of artefacts, but at least 15,000 pieces from the museum are still missing, as are undocumented pieces from the archaeological sites, the official said.

“Thieves are still digging in these sites, but the plundering is not widespread like in the years that followed 2003, given the increased security measures.”

Modern Iraq is home to the world’s first civilisations. They span 7,000 years of Mesopotamian history, including the ancient Babylonians, Sumerians and Assyrians.

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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.”

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Runners up: UAE Premiership

UAE Premiership
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Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
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THE BIO

Mr Al Qassimi is 37 and lives in Dubai
He is a keen drummer and loves gardening
His favourite way to unwind is spending time with his two children and cooking

Updated: August 04, 2021, 5:27 AM