Egypt Displays Ancient Tombs in Saqqara

Walls decorated with hieroglyphic inscriptions and images of sacred animals are seen at a recently discovered tomb near the famed Step Pyramid, in Saqqara, south of Cairo, Egypt, Saturday, March 19, 2022. (AP Photo/Sayed Hassan)
Walls decorated with hieroglyphic inscriptions and images of sacred animals are seen at a recently discovered tomb near the famed Step Pyramid, in Saqqara, south of Cairo, Egypt, Saturday, March 19, 2022. (AP Photo/Sayed Hassan)
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Egypt Displays Ancient Tombs in Saqqara

Walls decorated with hieroglyphic inscriptions and images of sacred animals are seen at a recently discovered tomb near the famed Step Pyramid, in Saqqara, south of Cairo, Egypt, Saturday, March 19, 2022. (AP Photo/Sayed Hassan)
Walls decorated with hieroglyphic inscriptions and images of sacred animals are seen at a recently discovered tomb near the famed Step Pyramid, in Saqqara, south of Cairo, Egypt, Saturday, March 19, 2022. (AP Photo/Sayed Hassan)

Egypt on Saturday displayed recently discovered, well-decorated ancient tombs at a Pharaonic necropolis just outside the capital Cairo.

The five tombs were unearthed earlier this month and date back to the Old Kingdom — a period spanning roughly from around 2700 BC to 2200 B.C., as well as to the First Intermediate Period, which lasted for over a century after the Old Kingdom collapsed, according to the Ministry of Tourism and Antiquities.

Mostafa Waziri, secretary-general of the Supreme Council of Antiquities, said Egyptian archeologists started excavating the site in September. The Associated Press quoted him as saying that the tombs were for senior officials including regional rulers and palace supervisors in ancient Egypt.

“All of those five tombs are well-painted, well-decorated. Excavations did not stop. We are planning to continue our excavations. We believe that we can find more tombs in this area,” he told reporters at the site.

The tombs were found near the Step Pyramid of Djoser, in the Saqqara Necropolis, 24 kilometers southwest of Cairo.

Footage shared on the ministry’s social media pages showed burial shafts leading to the tombs. Walls were seen decorated with hieroglyphic inscriptions and images of sacred animals and after-life items used by ancient Egyptians.

The Saqqara site is part of a sprawling necropolis at Egypt’s ancient capital of Memphis that includes the famed Giza Pyramids as well as smaller pyramids at Abu Sir, Dahshur and Abu Ruwaysh. The ruins of Memphis were designated a UNESCO World Heritage site in 1970s.



AstraZeneca: China's Investigation into Exec Separate from Medical Insurance Probe

The AstraZeneca logo is pictured outside the AstraZeneca office building in Brussels, Belgium, January 28, 2021. REUTERS/Johanna Geron/File Photo
The AstraZeneca logo is pictured outside the AstraZeneca office building in Brussels, Belgium, January 28, 2021. REUTERS/Johanna Geron/File Photo
TT

AstraZeneca: China's Investigation into Exec Separate from Medical Insurance Probe

The AstraZeneca logo is pictured outside the AstraZeneca office building in Brussels, Belgium, January 28, 2021. REUTERS/Johanna Geron/File Photo
The AstraZeneca logo is pictured outside the AstraZeneca office building in Brussels, Belgium, January 28, 2021. REUTERS/Johanna Geron/File Photo

AstraZeneca said on Wednesday that to its knowledge an ongoing investigation by Chinese authorities into the company's top executive in the country, Leon Wang, is separate from a large health insurance fraud case also involving the company.

The drugmaker said its Chief Financial Officer Aradhana Sarin had briefed investors on the subject on Wednesday to quell concerns about the fraud probe expanding following a report by financial media company Yicai a day earlier that led its shares to plunge more than 8%.

The Anglo-Swedish drugmaker confirmed on Wednesday that Wang, its China president, was in Chinese custody. One week ago, AstraZeneca said that Wang was under investigation and that the drugmaker would cooperate with authorities, according to Reuters.

AstraZeneca said on Wednesday it did not know what Wang was detained for.

The Yicai report on Tuesday said that dozens of the drugmaker's senior executives in China could be implicated in the largest insurance fraud case in the country's pharma sector in years. But AstraZeneca said on Wednesday that to its knowledge the insurance fraud case did not involve any current AstraZeneca executives.

AstraZeneca has invested heavily in the world's No. 2 pharmaceuticals market.