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. The Antiquities Ministry announced yesterday 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 of the Nile containing a mummy, wooden coffins and funerary masks, clay vessels, and 450 statues.

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, Vafa Benham writes for Brown Political Review. “Since 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,” particularly if something were to spook investors and send the capital fleeing.

Human rights lawyer Ragia Omran was awarded the Franco-German Prize for Human Rights and the Rule of Law, The Associated Press reports. Omran won the award “for her work representing political prisoners and torture victims as well as advocating for women’s rights.” The German and French embassies in Cairo are presenting Omran the award today.

Other international highlights worth noting in brief:

• France24 returns to Tahrir Square more than half a decade after the 2011 uprising to look at how much this “melting pot” of a space has changed over time.
• Dahab is Egypt’s jewel of the Red Sea, Lerato Mogoatlhe writes for The Africa Report.