An archaeological mission has uncovered a complete Ptolemaic temple pylon at the western side of the main temple of Athribis in Sohag, Egypt's Supreme Council of Antiquities and the University of Tubingen announced.
The discovery by a joint Egyptian-German team is considered a “significant milestone” that will pave the way for further excavation at the temple site, a sizeable portion of which remains buried, said Dr Mohamed Ismail Khaled, the supreme council's Secretary General.
"The facade of the pylon, which has been completely uncovered, is 51 metres wide, divided into two towers, each 24 metres wide, separated by the entrance gate," Dr Khaled said. The slope angle of the towers suggests the original height of the pylon could have been up to 18 metres, rivalling the dimensions of the Luxor Temple pylon.
The mission will continue its work at the site to uncover the entire temple during the next excavation seasons, with support from the Supreme Council of Antiquities, as per a directive issued by Sherif Fathi, Egypt's Minister of Tourism and Antiquities.
The Ptolemaic period in Egypt, from 305BCE to 30BCE, was a time when the country was ruled by a Greek dynasty founded by Ptolemy I Soter, one of Alexander the Great's generals.
During this era, there was a significant blending of Greek and Egyptian cultures, demonstrated by the art, architecture and religious practices of the time. The Ptolemaic rulers adopted many Egyptian customs and portrayed themselves as pharaohs, while also introducing Greek language, art and culture to the region.
Mohamed Abdel Badie, head of the Central Administration for Upper Egypt Antiquities and head of the Egyptian side of the mission, revealed that during the cleaning of the main gate in the middle of the pylon, hieroglyphic texts decorating the exterior facade and interior walls were spotted, along with scenes depicting the king receiving Repyt, the lioness-headed goddess who served as the patron of Athribis Temple, and her son, the child god Kolanthes.
"Through studying the cartouches discovered at the entrance and on one of the interior sides, it was determined that this gate dates back to the reign of King Ptolemy VIII, who may have been the founder of the temple," Abdel Badie said. A cartouche bearing the name of his wife, Queen Cleopatra III, is also likely to be found among the texts.
Dr Christian Leitz, head of the team’s German contingent, said the mission had completed the uncovering of the temple’s southern chamber, which was previously discovered during the work of a British archaeological mission, led by the scholar Petrie, that excavated the site between 1907 and 1908.
The entrance to this chamber is decorated with hieroglyphic texts, and scenes representing the goddess Repyt and the fertility god Min surrounded by secondary celestial deities representing stars for measuring the hours of the night.
Dr Marcus Muller, the site’s director from the German side, said the archaeologists also uncovered a previously unknown room at top of a flight of stairs.
The room would have been accessible through a small entrance found on the exterior facade of the pylon. The team uncovered four steps of the staircase, which indicate that they led to an upper floor that has been destroyed, around 752CE, the team estimated.
The joint Egyptian-German mission has been working in the Athribis area for more than a decade, resulting in the complete excavation of all components of the main Athribis Temple, one of the most prominent heritage sites in Upper Egypt’s Sohag province.
Since then, the mission has accomplished a number of discoveries including one of more than 30,000 ostraca bearing Demotic, Coptic and Hieratic texts, as well as numerous archaeological findings.
Some of the most prominent discoveries from this period include the Rosetta Stone, which was instrumental in deciphering Egyptian hieroglyphs, the Ptolemaic temples of Edfu and Kom Ombo, and the famous Library of Alexandria, which was one of the largest and most significant libraries of the ancient world.
UAE squad
Rohan Mustafa (captain), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan
Bharatanatyam
A ancient classical dance from the southern Indian state of Tamil Nadu. Intricate footwork and expressions are used to denote spiritual stories and ideas.
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
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.”
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
SHADOWS%20AND%20LIGHT%3A%20THE%20EXTRAORDINARY%20LIFE%20OF%20JAMES%20MCBEY
%3Cp%3EAuthor%3A%20Alasdair%20Soussi%3C%2Fp%3E%0A%3Cp%3EPages%3A%20300%3C%2Fp%3E%0A%3Cp%3EPublisher%3A%20Scotland%20Street%20Press%3C%2Fp%3E%0A%3Cp%3EAvailable%3A%20December%201%3C%2Fp%3E%0A
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
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en