Ali Aboutaam Presents One of the Most Important Early Greek Coins in Existence

Exhibition is on display at 6, rue Verdaine, Geneva, Switzerland.

GENEVA, SWITZERLAND / ACCESSWIRE / March 17, 2023 / Classical masterpieces are on display by Ali Aboutaam of Phoenix Ancient Art at its main gallery, which is located in the center of Geneva’s old town. He is showcasing a variety of antiquities that combine artistic excellence, historical intrigue, and the enthusiasm of the famous collections that they once belonged to. Several of these artifacts have provenance as early as the 18th century and were frequently published up until the present.

Ali Aboutaam – Kraay and Hermer Potidaea Coin
Silver coin of Poseidon on Horseback, Potidaea (modern day Cassandrea), a Chalcidian city, circa 540-520 B.C.

Ali Aboutaam says: “I am excited to be holding in my hand one of the most important early Greek coins in existence: the coin is from Potidaea (modern day Cassandrea), a Chalcidian city in Northern Greece, which contrary to other Chalcidian cities, was founded by the Corinthians, not the Euboeans. It shows the earliest representation of Poseidon on horseback on coinage from around 540-520 B.C. We can see the letter ‘P’ under the horse for “Potidaea”, and Poseidon, holding his trident, is riding a very noble and archaic styled horse. This can be compared to the best of Corinthian black figure pottery, also dated to the same period. If we turn to the reverse, it shows a triangular incuse which is extremely rare on archaic Greek coinage, as it would otherwise typically be squared. This coin is in excellent condition, and as far as we know, it is unique. It had belonged to some of the most important collectors of Greek coins, including the Jameson collection, and has been published several times, notably in the famous Kraay & Hirmer book (Greek Coins) with a big enlargement. Kraay & Hirmer’s 1966 publication is an important reference for the most beautiful ancient Greek coins from private collections and museums.”

Alongside the exquisite coin of Poseidon is a lovely Hellenistic cornelian gem portraying the same god. The juxtaposition of the two miniature masterpieces from 400 years apart is extraordinary. And from 2000 years earlier, visitors can see an outstanding Cycladic marble idol among the display: a treat for contemporary creative tastes.

The exhibition is on display at 6, rue Verdaine in Old Town, Geneva, until the end of June 2023.

ABOUT PHOENIX ANCIENT ART

With galleries in New York City (Electrum) and Geneva, Switzerland, Phoenix Ancient Art is one of the world’s leading dealers in rare and exquisite antiquities with a focus on Greek and Roman, Near Eastern and Egyptian art. Its works of art have been acquired by world-class museums around the world, as well as by private collectors. Phoenix Ancient Art is a second-generation family business that was founded by Sleiman Aboutaam in 1968 and continues today under the leadership of his sons, Ali and Hicham Aboutaam.

For more information, contact info@phoenixancientart.com or visit www.phoenixancientart.com.

Contact Information

Alexander Gherardi
Director
alex@phoenixancientart.com
2122887518

SOURCE: Phoenix Ancient Art

Deputizing for HRH Crown Prince, Minister of Interior Patronizes Closing Ceremony of AlUla Camel Cup

On behalf of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and Chairman of the Board of Directors of the Royal Commission for AlUla (RCU), Prince Abdulaziz bin Saud bin Naif bin Abdulaziz, the Minister of Interior patronized on Friday the closing ceremony of AlUla Camel Cup, which was organized by the RCU in cooperation with the Saudi Camel Federation.

Upon arrival at the event, Prince Abdulaziz bin Saud was received by Prince Fahd bin Jalawi bin Abdul Aziz bin Musaed, the President of the Saudi Camel Federation, Amr bin Saleh Al-Madani, Executive President of the Royal Commission for AlUla, and AlUla Governor Rashid Abdullah Al-Qahtani.

Prince Abdulaziz crowned the winners of the tournament and attended the signing of a memorandum of cooperation between the Royal Commission for AlUla and the Saudi Camel Federation in areas related to the development of the camel sector. The MOU reflects the Commission's ambitions to make AlUla a leading global destination for various sports.

--SPA

Source: Saudi Press Agency

Islamic Affairs Ministry Distributes Copies of Holy Quran in Zimbabwe as Gift from Custodian of Two Holy Mosques

The Ministry of Islamic Affairs, Dawah and Guidance, represented by the Kingdom of Saudi Arabia’s Embassy in South Africa, has begun distributing copies of the Holy Quran in various sizes to the Republic of Zimbabwe as a gift from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud.

The gifts were distributed during a ceremony in Zimbabwe’s capital Harare with the attendance of a number of preachers from the Religious Attaché Office of the Kingdom’s Embassy in South Africa.

The move falls within the ongoing support of the Ministry of Islamic Affairs to Islam and Muslims around the world.

--SPA

Source: Saudi Press Agency

“S&P Global Ratings” Raises its Credit Rating of Saudi Arabia to A/A-1 with Stable Outlook

The world credit rating agency ”S&P Global Rating” updated its credit report for the Kingdom of Saudi Arabia raising its long and short-term foreign and local currency sovereign credit ratings to 'A/A-1' with Stable Outlook.

The agency indicated in its report that this rating upgrade is a result of the Kingdom's significant reforms efforts in recent years and its realization of structural improvements that contributed to supporting a sustained development of the non-oil sector, in addition to improving public finance management and maintaining balanced public debt level.

The agency highlighted the strong real GDP growth of 8.7% in 2022, the highest among the G-20 economies. It expects moderate economic growth, averaging 2.6% in 2023-2026 with GDP/capita averaging USD 31,500 (significantly above pre-pandemic levels).

The agency forecasts the non-oil sector to remain strong through 2026 due to service sector growth supported by the significant ongoing social reforms and female workforce participation. It also expected the continuity of fiscal surpluses through 2024 (after reaching 2.5% of GDP in 2022).

The report indicated that inflation in the Kingdom is relatively low compared to its peers. It expected that it will remain under control thanks to the government efforts in subsidizing fuel and food, as well as the currency peg to the relatively strong U.S. dollar.

--SPA

Source: Saudi Press Agency

Saudi Net-Zero Petrochemicals & Conversion Industries Investment Forum 2023 Holds Activities in Presence of Representatives of 150 US Companies

Organized by the Ministry of Investment of the Kingdom of Saudi Arabia in cooperation with the U.S.-Saudi Business Council, the Saudi Net-Zero Petrochemicals & Conversion Industries Investment Forum 2023 has held its activities in Houston, Texas, USA.

The Forum witnessed the presence of a number of US personalities, led by Texas Governor and former Secretary of Energy Rick Perry, representatives of more than 150 US companies and representatives of 12 different Saudi ministries, government agencies and major companies, namely: the Ministry of Investment, the Ministry of Energy, the Ministry of Industry and Mineral Resources, NEOM, National Industry Development and Logistics Program, Saudi Industrial Development Fund, Royal Commission for Jubail and Yanbu, King Abdullah University of Science and Technology (KAUST), King Abdulaziz City for Science and Technology (KACST), Saudi Export-Import Bank, Saudi Authority for Industrial Cities and Technology Zones "MODON", and the National Center for Industrial Development.

The Forum started with an opening speech delivered by Texas Governor and former Energy Secretary Rick Perry, in which he highlighted the importance of investment trends being led by the Kingdom of Saudi Arabia, praising the efforts made in this regard.

The welcoming speech was also delivered by the Managing Director of the Petrochemicals and Transformational Industries Sector at the Ministry of Investment, Eng. Waleed S Al-Rubaie.

This was followed by a number of presentations that shed light on some of the goals of national strategies, ambitions and investment opportunities in the petrochemical sector and transformation industries by 2030, and linking these industries with clean energy opportunities to form zero-scale petrochemical and transformational industrial complexes to achieve raising production capacities and ensure the integration of supply chains for petrochemicals and transformation industries and their applications to maximize the economic and social impact in the Kingdom.

Among those presentations was "Invest in Saudi Arabia" paper presented by the Director of Specialized Petrochemicals at the Ministry of Investment, Eng. Naif Al-Khaldi, in which he referred to the objectives of Saudi Vision 2030 and all mega projects, and the importance of the Kingdom of Saudi Arabia's location for investment, in addition to the ease access of obtaining the necessary licenses in a brief period, citing the extent of economic reforms that sought to support attracting various investments to the Kingdom.

For his part, the Director General of Specialized Petrochemicals at the Ministry of Industry, Eng. Saad Al-Sharif touched upon the national industrial strategy during another working paper, as well as some ambitious investment goals in the transformation industries, which include investments exceeding SAR900 billion.

A third working paper was presented by the CEO of investment in NEOM, Dr. Manar Al-Munif under the theme "NEOM, Land of Future", which included the existing projects in NEOM, The Line and others, and their importance in a carbon-free society.

Then, the Forum witnessed 3 panel discussions, which dealt with clean investments and the path to net emissions, industrial transformation and demand drivers, and how man can do business in the Kingdom with the participation of a number of CEOs from a number of government agencies and foreign companies in the fields of petrochemical and transformational industries.

At the conclusion of the Forum, dialogue sessions and bilateral meetings were held with representatives of more than 150 US companies to support those companies in facilitating attracting investments to the Kingdom, enabling advanced and complex industries, benefiting from the Saudi industrial transformation to reach a broader global market, and providing the necessary support for these industries, whether from financing, incentives or raw feedstock for a carbon-neutral industrial future in the Kingdom, with innovative solutions for a modern urban concept.

--SPA

Source: Saudi Press Agency

Executive Director and Interim President & CEO of U.S.-Saudi Business Council: Volume of Investment Opportunities Reach $3 Billion

The Executive Director and Interim President & CEO of the U.S.-Saudi Business Council Susanne Lendman has commended the development the Kingdom of Saudi Arabia, especially in petrochemicals industry, highlighting the role of U.S companies in this regard.

In press remarks to the Saudi Press Agency (SPA), Lendman expressed happiness for the Council’s cooperation with the Saudi Ministry of Investment in organizing the Saudi Net-Zero Petrochemicals & Conversion Industries Investment Forum 2023 in Houston, TX, USA.

She also said that there are more than $3 billion worth of available investments in petrochemical industry, underlying the importance of the conference in linking 12 Saudi ministries and agencies with US companies to enhance the U.S.-Saudi cooperation in the sector.

--SPA

Source: Saudi Press Agency

Moody’s Revises Saudi Arabia’s Outlook to ‘Positive’ and Affirms ‘A1’ Credit Rating

The international credit rating agency Moody’s updated its credit report for Saudi Arabia, affirming its "A1" rating for the Kingdom and revising the stable outlook rating to positive.

The rating is based on Moody's assessment of the government's track record of fiscal policy effectiveness and the comprehensive regulatory and economic reforms that will support the sustainability of the economic diversification efforts over the medium and long terms, including the reforms and investments in various non-oil sectors that will reduce the Kingdom’s reliance on hydrocarbons over time.

The agency also lauded the important role of the government-sponsored diversification projects and initiatives, supported by private sector investment, and their positive impact on economic growth and improved outlook rating.

Moody’s report is a validation of the Kingdom’s fiscal policies, which contribute to maintaining fiscal sustainability, improving public financial management, raising the level of fiscal planning, with a view to enhancing economic growth and making efficient use of resources under its Fiscal Sustainability Program, one of the Vision 2030 programs, and keeping the debt at a moderate level, which is lower than most similarly rated sovereign debts, offering robust fiscal buffers and a competitive position in the global energy market.

Source: Saudi Press Agency

RSNF Conclude Participation in International Maritime Exercise (IMX) 2023

The Royal Saudi Naval Forces (RSNF) concluded their participation in t International Maritime Exercise (IMX) 2023, which was carried out in several regions, including the Arabian Gulf and the Red Sea, with the aim of boosting maritime security.

The exercise is considered one of the largest of its kind in the world; in its current edition, it gathered 7,000 participants from more than 50 countries, regional and international organizations, 30 artificial intelligence systems, unmanned systems, and 35 marine vessels.

The exercise included several maritime scenarios in areas of operations in the Arabian Gulf, the Sea of Oman, the northern Arabian Sea, the Indian Ocean, the Gulf of Aden and the Red Sea, and it was executed with a view to enhancing maritime security in the region.

RSNF, which participated with the removal units of the Special Maritime Security Forces, led the mine warfare group in the exercises held in Bahrain and Jordan.

--SPA

Source: Saudi Press Agency