Men secure a stone sarcophagus discovered in an ancient burial site in Minya, Egypt. Mohamed Abd El Ghany / Reuters

Archaeologists discover 2,000-year-old necropolis in Egypt



Egyptian archaeologists have discovered an ancient necropolis containing 40 stone sarcophagi, about 1,000 small statues and a necklace charm bearing the hieroglyphic inscription "Happy New Year".

The discovery near Tuna Al Gabal, south of Cairo, consisted of a large number of burial shafts dating from the late Pharaonic period to the early Ptolomaic era, said the country’s antiquities minister Khaled El Enany.

The site, which is more than 2,000 years old, is expected to take another five years to excavate.

"It's only the beginning," said Mr Enany. "We are very soon going to add a new archaeological attraction to Middle Egypt."

Egypt's relics are a draw for foreign visitors and authorities hope new finds can help attract more as a way to help revive tourism hit by the unrest that followed the overthrow of former President Hosni Mubarak in 2011.

The number of tourists visiting the country rose 54 per cent to 8.3 million last year, still below the 14.7 million who came in 2010.

Mostafa Waziri, Secretary General of the Supreme Council of Antiquities, said the scarab charm with the new year greeting had been unearthed last New Year's Eve in a "wonderful coincidence".

"This is a message sent to us from the afterlife," he said.

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm
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Results

Stage seven

1. Tadej Pogacar (SLO) UAE Team Emirates, in 3:20:24

2. Adam Yates (GBR) Ineos Grenadiers, at 1s

3. Pello Bilbao (ESP) Bahrain-Victorious, at 5s

General Classification

1. Tadej Pogacar (SLO) UAE Team Emirates, in 25:38:16

2. Adam Yates (GBR) Ineos Grenadiers, at 22s

3. Pello Bilbao (ESP) Bahrain-Victorious, at 48s

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.