King Charles III with Queen Consort Camilla during the Accession Council at St James's Palace, where he was formally proclaimed monarch. PA
King Charles III with Queen Consort Camilla during the Accession Council at St James's Palace, where he was formally proclaimed monarch. PA
King Charles III with Queen Consort Camilla during the Accession Council at St James's Palace, where he was formally proclaimed monarch. PA
King Charles III with Queen Consort Camilla during the Accession Council at St James's Palace, where he was formally proclaimed monarch. PA

Most sacred part of King Charles III's coronation ceremony to remain private


Gillian Duncan
  • English
  • Arabic

The anointing of King Charles III will not be shown by broadcasters during his coronation ceremony, according to reports.

The act, described as the most sacred part of the ceremony, will remain private.

It had been thought the monarch would be the first to be publicly anointed, using a transparent canopy.

However, those familiar with the plans said this will not happen during the ceremony on May 6.

The Telegraph reported a method has been found to ensure the sacred act remains private, as it was for the late Queen Elizabeth II’s coronation in 1953, when a canopy of gold cloth was placed above her head.

The process involves the Archbishop of Canterbury pouring holy oil from the beak of the golden eagle-shaped ampulla on to a 12th-century, silver-gilt anointing spoon, the most ancient treasure of the Crown Jewels.

He will then use the holy oil to anoint the hands, chest and head in the form of a cross.

The act, based on a tradition included in the Old Testament, takes place before the investiture and crowning of the monarch.

It used to be performed to signify the sovereign was appointed by God, but the monarch has not been considered as divine since the 17th century.

The crowning of a monarch is one of Britain's most ancient ceremonies, being deeply religious and steeped in regalia.

The coronation of Queen Elizabeth in 1953 was one of the defining moments of the 20th century.

King Charles's coronation will be shorter and on a smaller scale but will still retain the pageantry and tradition that was on display with aplomb at the queen's funeral.

The oil that will be used to anoint the king was recently made at a ceremony in Jerusalem, using olives harvested from two groves on the Mount of Olives, at the Monastery of Mary Magdalene and the Monastery of the Ascension.

The Patriarch of Jerusalem, Theophilos III, and Jerusalem’s Anglican Archbishop, Hosam Naoum, consecrated the oil in the Church of the Holy Sepulchre in early March.

The olives were pressed outside Bethlehem and the oil has been perfumed with sesame, rose, jasmine, cinnamon, neroli, benzoin, amber and orange blossom.

Oil from the Mount of Olives has been used to anoint monarchs for centuries.

Queen Consort Camilla will also be anointed with holy oil and crowned, as the late Queen Mother was in 1937, during the coronation of her husband King George VI.

The oil is based on what was used at the coronation of Queen Elizabeth II, the formula of which has been used for hundreds of years.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

About Seez

Company name/date started: Seez, set up in September 2015 and the app was released in August 2017  

Founder/CEO name(s): Tarek Kabrit, co-founder and chief executive, and Andrew Kabrit, co-founder and chief operating officer

Based in: Dubai, with operations also in Kuwait, Saudi Arabia and Lebanon 

Sector:  Search engine for car buying, selling and leasing

Size: (employees/revenue): 11; undisclosed

Stage of funding: $1.8 million in seed funding; followed by another $1.5m bridge round - in the process of closing Series A 

Investors: Wamda Capital, B&Y and Phoenician Funds 

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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UAE currency: the story behind the money in your pockets
Updated: April 14, 2023, 6:03 PM