INSEAD Day 4 - 728x90

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Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Egypt detains three people for trying to steal 10-tonne statue

Egypt signs a $1.5 billion financing agreement with the International Islamic Trade Finance Corporation.
  • The statement said that the Antiquities Authority in Aswan has proven the "antiquity (of the statue) and attributed it to Ramses II, with a weight of approximately 10 tonnes"
  • Ramses II, one of the most famous pharaohs of the 19th dynasty, ruled for 67 years

Cairo, Egypt–Egyptian authorities said Tuesday they had detained three people for trying to steal a millennia-old 10-tonne statue of the pharaoh Ramses II with a crane.

The public prosecutor’s office said in a statement it had “ordered three defendants be held in custody for four days pending investigations”, accusing them “of attempting to steal a pharaonic statue” from the ancient southern city of Aswan, some 675 kilometers (420 miles) south of Cairo on the Nile.

Also read: Egypt recovers 2,700-year-old sarcophagus lid from US

The statement said police had reported that “three people were arrested in possession of manual digging tools and heavy equipment, a crane”, which they had used in a bid to “lift the statue and excavate antiquities in the area”.

The Antiquities Authority in Aswan has proven the “antiquity (of the statue) and attributed it to Ramses II, with a weight of approximately 10 tonnes”, the statement added

The prosecutor’s office ordered officers to “quickly investigate others who were involved with the suspects in the crime.”

Also read: Egypt unveils Rams Road at Karnak Temple in Luxor

Ramses II, one of the most famous pharaohs of the 19th dynasty, ruled for 67 years. He was known as a great warrior and prolific builder who ordered the construction of temples across Egypt.

Over the past decade, Egypt has recovered about 29,000 antiquities found to have been taken abroad through illegitimate means.