{"id":635636,"date":"2017-12-10T03:56:22","date_gmt":"2017-12-10T03:56:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/10\/two-3500-year-old-tombs-uncovered-in-luxor\/"},"modified":"2017-12-10T03:56:22","modified_gmt":"2017-12-10T03:56:22","slug":"two-3500-year-old-tombs-uncovered-in-luxor","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/10\/two-3500-year-old-tombs-uncovered-in-luxor\/","title":{"rendered":"Two 3,500-year-old tombs uncovered in Luxor"},"content":{"rendered":"

Leading the conversation on Egypt in the foreign press this morning was the recent discovery of two c. 3,500 year-old tombs in Luxor. <\/strong>The Antiquities Ministry announced yesterday<\/a> that the two tombs, which date to the 18th Pharaonic dynasty and are believed to belong to Ancient Egyptian nobility, were found near the west bank<\/a> of the Nile containing a mummy, wooden coffins and funerary masks, clay vessels, and 450 statues.<\/p>\n

The flow of foreign funds into Egypt through international loans, FDI, and bond issuances is a double-edged sword that has stimulated the economy but could lead to a debt trap<\/strong>, Vafa Benham writes for Brown Political Review<\/a>. \u201cSince a significant portion of this debt is being used to service government deficits rather than long-term infrastructural investment, it is unclear whether the gamble will be worth it,\u201d particularly if something were to spook investors and send the capital fleeing.<\/p>\n

Human rights lawyer Ragia Omran was awarded the Franco-German Prize for Human Rights and the Rule of Law<\/strong>, The Associated Press reports<\/a>. Omran won the award \u201cfor her work representing political prisoners and torture victims as well as advocating for women\u2019s rights.\u201d The German and French embassies in Cairo are presenting Omran the award today.<\/p>\n

Other international highlights worth noting in brief:<\/p>\n