Hartwig Fischer will step down as British Museum director. PA
Hartwig Fischer will step down as British Museum director. PA
Hartwig Fischer will step down as British Museum director. PA
Hartwig Fischer will step down as British Museum director. PA

British Museum 'has recovered' some of the 2,000 stolen objects


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Some of the 2,000 artefacts that were stolen from the British Museum have been recovered, said George Osborne, the chairman of its trustees.

Speaking on Saturday, Mr Osborne also said “groupthink” may have prevented museum leaders from believing that treasures had been taken.

His comments came after the resignation of British Museum director Hartwig Fischer on Friday following the series of thefts at the institution.

Deputy director Jonathan Williams has also agreed to step down until an independent review into the thefts has concluded, the museum said.

Metropolitan Police officers have interviewed a man in connection with the missing items but no arrests have been made, it said on Thursday.

The former chancellor told BBC Radio 4's Today programme on Saturday that a "forensic" inquiry was being conducted to find out what had been stolen.

"We think it's around 2,000 items," he said. "But I have to say that's a very provisional figure and we're still actively looking."

"We've already started to recover some of the stolen items," he added, without giving any details of what had been recovered or how.

The London institution is working with the art loss register and members of the antiquarian community who are helping to return some of the missing items, he said, adding that security has been stepped up around museum storerooms.

The artefacts stolen were "small items of jewellery, gems, bits of gold that were not on public display".

Mr Osborne said: “Hartwig Fischer, Jonathan Williams, the deputy director, you know, these are honourable people who have also given their lives to work in the museum sector.

“I don't myself believe there was a sort of deliberate cover-up, although the review may find that to be the case.

“But was there some potential groupthink in the museum at the time, at the very top of the museum, that just couldn't believe that an insider was stealing things, couldn't believe that one of the members of staff were doing this? Yes, that's very possible.

“You know, we wouldn't be the only institution that has fallen foul of that.”

On Friday, Mr Fischer said it was evident the museum had failed to react appropriately to allegations of theft and that failure was his responsibility.

“Over the last few days, I have been reviewing in detail the events around the thefts from the British Museum and the investigation into them,” he said in a statement.

“It is evident that the British Museum did not respond as comprehensively as it should have in response to the warnings in 2021, and to the problem that has now fully emerged.

“I have offered my resignation to the chairman of the trustees, and will step down as soon as the board have established an interim leadership arrangement. This will remain in place until a new director is chosen.”

Almost 2,000 items were reportedly taken, including Roman jewellery, glass and gemstones.

Ittai Gradel, an author, academic and antiquities dealer, had alerted the museum to some of the stolen items, but was ignored.

The responsibility for the “failure” to respond to the thefts “must ultimately rest with the director”, Mr Fischer said.

“I also misjudged the remarks I made earlier this week about Dr Gradel. I wish to express my sincere regret and withdraw those remarks.”

Those remarks questioned how open Dr Gradel had been with the museum in 2021, with Mr Fischer saying he had “reason to believe” Dr Gradel had withheld information on other missing items. Dr Gradel said, however, that this was “an outright lie”.

Dr Gradel said Mr Fischer's resignation was “the right thing to do”.

The value of the artefacts missing from the British Museum runs into the “millions”.

The institution, one of the world's most famous museums, has revealed it is taking legal action against an unnamed member of staff – who was sacked – after the items were discovered to be missing, stolen or damaged this year.

The museum has not revealed how many items were stolen, saying only that they were “small pieces”, including “gold jewellery and gems of semi-precious stones and glass dating from the 15th century BC to the 19th century AD”.

An independent inquiry has been launched and the matter is also under investigation by the Metropolitan Police's economic crime unit.

Museum trustees have said they will find an interim leader.

“I am clear about this: we are going to fix what has gone wrong. The museum has a mission that lasts across generations,” Mr Osborne said.

“We will learn, restore confidence and deserve to be admired once again.”

In July, Mr Fischer, who has been in the job since 2016, had announced he would be stepping down next year.

The British Museum opened in 1759 and houses a number of contested artefacts, including the Elgin Marbles, which British diplomat Lord Elgin removed from the Parthenon temple in Athens in the early 19th century, when Greece was under Ottoman rule.

Another controversial item is the Rosetta Stone, which was found in Egypt, and dates to about 200BC. It was discovered by French troops in 1799 but acquired by Britain under a treaty in 1802.

Sole survivors
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  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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Empire of Enchantment: The Story of Indian Magic

John Zubrzycki, Hurst Publishers

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

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The drill

Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.

Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”

Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”

Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.” 

UAE jiu-jitsu squad

Men: Hamad Nawad and Khalid Al Balushi (56kg), Omar Al Fadhli and Saeed Al Mazroui (62kg), Taleb Al Kirbi and Humaid Al Kaabi (69kg), Mohammed Al Qubaisi and Saud Al Hammadi (70kg), Khalfan Belhol and Mohammad Haitham Radhi (85kg), Faisal Al Ketbi and Zayed Al Kaabi (94kg)

Women: Wadima Al Yafei and Mahra Al Hanaei (49kg), Bashayer Al Matrooshi and Hessa Al Shamsi (62kg)

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Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Uefa Nations League

League A:
Germany, Portugal, Belgium, Spain, France, England, Switzerland, Italy, Poland, Iceland, Croatia, Netherlands

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Austria, Wales, Russia, Slovakia, Sweden, Ukraine, Republic of Ireland, Bosnia-Herzegovina, Northern Ireland, Denmark, Czech Republic, Turkey

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What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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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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CAF Champions League semi-finals first-leg fixtures

Tuesday:

Primeiro Agosto (ANG) v Esperance (TUN) (8pm UAE)
Al Ahly (EGY) v Entente Setif (ALG) (11PM)

Second legs:

October 23

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Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

Company profile

Name: The Concept

Founders: Yadhushan Mahendran, Maria Sobh and Muhammad Rijal

Based: Abu Dhabi

Founded: 2017

Number of employees: 7

Sector: Aviation and space industry

Funding: $250,000

Future plans: Looking to raise $1 million investment to boost expansion and develop new products

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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While you're here
La Mer lowdown

La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
 

The Equaliser 2

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Starring: Denzel Washington, Bill Pullman, Melissa Leo, Ashton Sanders

Three stars

The biog

Job: Fitness entrepreneur, body-builder and trainer

Favourite superhero: Batman

Favourite quote: We must become the change we want to see, by Mahatma Gandhi.

Favourite car: Lamborghini

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Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

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Updated: August 26, 2023, 11:54 AM