Egypt cuts interest rates for first time since 2020
Egypt's central bank cut interest rates by 225 basis points on Thursday, the first reduction since 2020, citing
Renowned Egyptian archaeologist Zahi Hawass has launched a petition urging the return of Queen Nefertiti's bust from Berlin's Neues Museum to Egypt, according to Reuters. The iconic limestone bust was discovered at Tell el-Amarna, around 300 km south of Cairo, in 1912 by a German archaeological team and was transported to Berlin the following year.
Nefertiti's husband's, the Pharaoh Akhenaten, ruled until about 1335 B.C. He established Amarna as his short-lived capital and promoted the exclusive worship of the god Aten. He also led a dramatic reshaping of Egyptian art.
Hawass, Egypt’s former antiquities minister, claims the bust was removed illegally and is calling for its return through a national online petition, emphasizing this is not a government-led effort. Hawass said he is not calling for the repatriation of objects taken out of Egypt legally. His campaign focuses on reclaiming three key artefacts: the Nefertiti bust, the Rosetta Stone, and the Dendera Zodiac.
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