Friday, February 23, 2018

Monthly Archives: August 2015

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The second preparatory conference for investment and development in Upper Egyptian governorates will be held Sunday in the presence of Local Development Minister Adel Labib and Investment Minister Ashraf Salman along with the governors of Fayyoum, Beni Suef, Minya, Assiut, Sohag, Luxor, Qena, Aswan, New Valley and the Red Sea.

A number of businessmen, investors and officials of investment and industrial areas in the ten governorates will take part in the event.

Minya Governor Salah Ziada said that the conference is a preparation for the investment and development conference Upper Egypt which will be held in the Red Sea in September to discuss the opportunities of investment and development in the south governorates.

The first preparatory meeting was held in June in Hurghada, Ziada said.

The aim of the conference is to open the horizon for investments and attract investors and businessmen and get them acquainted with the available fields in these governorates, he said.

He also said that the event aims at reviewing the hindrances of investment in the Upper Egyptian governorates and finding swift solutions to push investment forward in them.

The conference includes a special presentation on the opportunities available in each governorate.

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 Egypt’s antiquities minister urged his countrymen Saturday to raise nearly $25 million so that the country can buy back an ancient statue sold by the English Northampton Museum to an unknown party.

Mamdouh el-Damaty said a British ban on the Sekhemka statue leaving the country expires Friday, meaning it could end up in a private collection unless Egypt can buy it. Northampton Museum sold the statue in an auction July 2014.

The sale is deemed legal in Britain. Egypt, home to a massive wealth of ancient antiquities, banned their sale in 1983.

“What this museum is doing is considered an ethical crime against human and Egyptian heritage,” el-Damaty told journalists in Cairo. These pieces of history are given to museums “to spread information about civilization, heritage, arts, and culture. Therefore, the final resting place for any antiquity is the museum.”

El-Damaty said this was the first time a known sale of an Egyptian antiquity from a museum has taken place, adding that Egypt has halted all dealings with the museum in protest of the sale.

The British government is trying to find a local buyer to be able to keep the statue inside the United Kingdom. El-Damaty is urging Egyptians, especially those in England, to buy the statue in order to have a say on where the statue ends up. He did not say why the government didn’t buy the statue itself.

The 4,000 year-old statue dates to Egypt’s 5th Dynasty of the Old Kingdom, the same period when the Giza pyramids were built. The statue left Egypt in 1849, bought by the second Marquis of Northampton, Spencer Compton, before Egypt banned the sale of antiquities. Campton’s son gave the statue to Northampton Museum.

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Annabel has heard that her co-workers think she and her older male CFO spend entirely too much time together. That isn’t Annabel’s fault — she can’t help it if the CFO wants her opinion! What would you advise Annabel to do?

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