By his silence on allegations contained in the Economist Magazine article linked below, Archaeo-blogger Paul Barford, the self appointed voice of the archaeological community on issues relating to portable antiquities, only seems to confirm that it's standard operating procedure to excavate without publishing or fully studying artifacts, sometimes for decades or even centuries. CPO has covered this subject before, noting, for example, that coins excavated in Rome over a century ago still await study and publication.
Barford long ago alienated himself from his former colleagues in the United Kingdom, criticizing them for their acceptance of the UK's Portable Antiquities Scheme. So its no great surprise that Barford blames British archaeologists rather than the Egyptian Military Dictatorship for this latest scandal. But Egypt holds King Tut's grave goods, and has happily exploited the long-dead boy king for years, securing millions upon millions in the process.
If Egypt wants our help in "protecting" antiquities to supposedly ensure they are studied and published, the least we can expect is for Egypt to make that happen, either by funding the study itself or by requiring that objects be published within a reasonable amount of time in return for the privilege of excavating in the country.