The International Monetary Fund (IMF) has approved a more than $3 billion loan allegedly to support Egypt’s ailing economy. But many experts note that the timing of this massive bailout is suspect because of Egypt’s recent moves to join the China- and Russia-aligned BRICS economic union.

A group of Egyptologists from Spain have discovered two tombs that housed almost 60 mummies at site in the ancient Egyptian city of Luxor.

“The most important thing this year is the discovery of two tombs, almost six meters deep,” made up of “two chambers each and housing around 60 mummies and remains of mummies,” Francisco J. Martin, the president of the Vizier Amenhotep Huy Project, told Efe.

Martín, who leads a team of 22 Spanish Egyptologists and eight Egyptian experts, said the tombs were dated after Vizier Amenhotep-Huy’s tomb (18th dynasty).