The Rosetta Stone has been in the British Museum's possession for more than 200 years. Getty
The Rosetta Stone has been in the British Museum's possession for more than 200 years. Getty
The Rosetta Stone has been in the British Museum's possession for more than 200 years. Getty
The Rosetta Stone has been in the British Museum's possession for more than 200 years. Getty

New push to bring Rosetta Stone back to Egypt amid 'awakening' on colonial loot


Tim Stickings
  • English
  • Arabic

A renowned Egyptian archaeologist is about to launch a new push to bring the Rosetta Stone back to its homeland from the British Museum, tapping into a changing mood in Europe about the rightful home of colonial-era trophies.

Dr Zahi Hawass, a larger-than-life Egyptologist and former antiquities minister who once escorted Barack Obama around the pyramids, believes people in Europe “are really awakening” to his cause.

The 2,200-year-old Stone that unlocked the mystery of Ancient Egyptian hieroglyphics is one of three prize treasures he wants back from European museums, along with a bust of Queen Nefertiti in Berlin and a sculpted Zodiac ceiling at the Louvre in Paris.

Dr Hawass, who turned 75 in May and is known for his Indiana Jones explorer's hat ("mine is the real Egyptologist's hat," he once said), has been banging the drum for years for the return of the three items.

But he plans to relaunch his effort with a petition signed by a group of Egyptian intellectuals, which he will start sending to the European museums in October.

“I believe those three items are unique and their home should be in Egypt. We collected all the evidence that proves that these three items are stolen from Egypt,” he told The National.

“The Rosetta Stone is the icon of Egyptian identity. The British Museum has no right to show this artefact to the public.”

The museum, for its part, said there has never been a formal request to return the ancient tablet to Egypt, and one line of thinking is that not everyone in the Egyptology world shares Dr Hawass’s fixation with the Rosetta Stone.

But there are signs that the tide is turning on the wider, emotionally-charged question of returning ancient artefacts. Germany recently said it was “moving into a future” where the looted Benin Bronzes would be owned by the people of Nigeria.

The British Museum pushed the door open to a compromise over the Parthenon Marbles, also known as the Elgin Marbles, by calling for a “Parthenon Partnership” involving loans of the Ancient Greek sculptures.

“There is a change in the air in this respect,” said Alexander Herman, the director of the Institute of Art and Law in Britain. “Some of the old arguments, the ones that used to hold sway for so long, are beginning to wear thin.”

Egyptologist Dr Zahi Hawass at the Sphinx in Giza. Getty Images
Egyptologist Dr Zahi Hawass at the Sphinx in Giza. Getty Images

Prize artefact

The Rosetta Stone has been in the British Museum since 1802, when Britain acquired it from France under a treaty signed during the Napoleonic Wars.

Napoleon’s troops had apparently stumbled upon the Stone while building a fort near the town of Rashid, or Rosetta, and realised the significance of the hieroglyphics, Ancient Greek and cursive Egyptian letters inscribed upon it.

It was the breakthrough that allowed the ancient hieroglyphics to be read and understood for the first time in centuries, making the Stone one of the British Museum’s most famous possessions.

But Dr Hawass believes it left his country illegally and has campaigned on the subject since his time as antiquities minister, when he brought thousands of artefacts back to Egypt, toured the pyramids with Barack Obama and was known for ruffling diplomatic feathers.

As head of the Supreme Council of Antiquities, which was his formal title, he informed former British Museum director Neil MacGregor as far back as 2003 that he would go into battle with the museum if it did not agree to hand back the Stone voluntarily.

His political career ended in acrimony after the fall of Hosni Mubarak in the 2011 revolution, but he was cleared of corruption charges and has maintained his quest for the Stone, Nefertiti and the Zodiac as a private citizen.

"They left Egypt completely illegally and they should come back," he said.

Dr Hawass takes encouragement from French President Emmanuel Macron’s willingness to return plundered art to his country’s former African colonies, another sign of the changing landscape.

Some of the inscriptions on the Rosetta Stone, which was key to the decoding of ancient Egyptian hieroglyphics. AFP
Some of the inscriptions on the Rosetta Stone, which was key to the decoding of ancient Egyptian hieroglyphics. AFP

The factors behind the shift include the increasing stability of some countries seeking the return of artefacts, said Prof Peter Stone, an expert on protecting cultural heritage at Newcastle University and an adviser to Unesco.

“One of the arguments about not returning material was that it might be stolen in the future from the host country. I think that’s now a fairly pale excuse,” he said.

Mr Herman, the author of a book on restitution, said modern technology was another factor because it raised global awareness of the items belonging to European museums and allowed people to organise campaigns to return them.

The internet age also gives researchers more access to documents about the history of an object, where it has been and how it might have been taken at some point in the past, he said.

There was the climate of colonial contrition that grew out of the global anti-racism protests in 2020, prompting calls to tear down statues and other legacies of imperialism around the world.

The Arts Council in England this month published 33 pages of guidance for museums being harangued about their collections, telling them to be sensitive and consider handing back certain items where appropriate.

Drawn up with the help of Mr Herman’s institute, the guidance suggests compromises such as arranging long-term loans for sensitive items, even if museums are not willing to give up ownership.

In other recent examples, London's Horniman Museum said it would return 72 objects to Nigeria that were looted in 1897, and the National Museum of Scotland was speaking to Canadian First Nation leaders about a disputed memorial pole.

Germany recently announced its next steps on returning the looted Benin Bronzes to Nigeria. Getty
Germany recently announced its next steps on returning the looted Benin Bronzes to Nigeria. Getty

“Every case is going to be different, these issues have to be dealt with on a case-by case basis,” said Mr Herman.

“One particular artefact may be better placed in its home country and not in a museum in the West, but you might have another artefact where once you’ve looked at all the factors involved, it’s better suited to a museum context, it’s better looked after, it’s better understood in that way.”

A spokeswoman for the British Museum said it was making the Rosetta Stone as accessible as possible by publishing a 3D scan online, working with Egyptian colleagues and organising a new exhibition on Egypt.

The planned exhibition will be a “once-in-a-lifetime opportunity for visitors to learn more about the Rosetta Stone’s significance and legacy”, she said.

But Dr Hawass is not backing down on his mission to put the Rosetta Stone in the unfinished Grand Egyptian Museum in Cairo — even if it takes more than a lifetime to make it happen.

“If I did not succeed, at least people after me will continue,” he said. “This is a case that you cannot stop.”

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  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
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  • Fly it within visual line of sight
  • Never over populated areas
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Mica

Director: Ismael Ferroukhi

Stars: Zakaria Inan, Sabrina Ouazani

3 stars

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

Results

Stage three:

1. Stefan Bissegger (SUI) EF Education-EasyPost, in 9-43

2. Filippo Ganna (ITA) Ineos Grenadiers, at 7s

3. Tom Dumoulin (NED) Jumbo-Visma, at 14s

4. Tadej Pogacar (SLO) UAE-Team Emirates, at 18s

5. Joao Almeida (POR) UAE-Team Emirates, at 22s

6. Mikkel Bjerg (DEN) UAE-Team Emirates, at 24s

General Classification:

1. Stefan Bissegger (SUI) EF Education-EasyPost, in 9-13-02

2. Filippo Ganna (ITA) Ineos Grenadiers, at 7s

3. Jasper Philipsen (BEL) Alpecin Fenix, at 12s

4. Tom Dumoulin (NED) Jumbo-Visma, at 14s

5. Tadej Pogacar (SLO) UAE-Team Emirates, at 18s

6. Joao Almeida (POR) UAE-Team Emirates, at 22s

How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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The specs

Engine: 5.0-litre supercharged V8

Transmission: Eight-speed auto

Power: 575bhp

Torque: 700Nm

Price: Dh554,000

On sale: now

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

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

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Most match wins on clay

Guillermo Vilas - 659

Manuel Orantes - 501

Thomas Muster - 422

Rafael Nadal - 399 *

Jose Higueras - 378

Eddie Dibbs - 370

Ilie Nastase - 338

Carlos Moya - 337

Ivan Lendl - 329

Andres Gomez - 322

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Updated: August 21, 2022, 4:37 AM