A section of an ancient Egyptian stone tablet has been recovered after being smuggled from Luxor to London.
The cartouche of King Amenhotep I was discovered at London auction house by the Egyptian antiquities ministry after scouring auction websites across the world. Once found, the sale was halted and the artefact returned to the Egyptian embassy in London in September.
The tablet was originally on display at the open museum of the Temple of Karnak in Luxor, and it is not yet clear how the item was taken and smuggled from the country, said Shaaban Abdel-Gawad, general supervisor of the Antiquities Repatriation Department at the ministry,
King Amenhotep I, born in 1550 BC, ruled Egypt from 1526 to 1506 BC. His tomb can be found at the Temple of Karnak, which he expanded during his reign.
The Arab Spring and the political unrest it sparked opened a gap for smugglers to operate mostly unnoticed in the country. Since 2011, the US-based Antiquities Coalition estimates $3 billion worth of Egyptian antiquities have been smuggled out of the country.
However, those caught breaking the 1983 Protection of Antiquities Law face severe consequences including mandatory prison time and huge fines.
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UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.
Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.
Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.
For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.
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At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.
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- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
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