The remains of Barbara and Peter are on display until December 10. Photo: Auckland Museum
The remains of Barbara and Peter are on display until December 10. Photo: Auckland Museum
The remains of Barbara and Peter are on display until December 10. Photo: Auckland Museum
The remains of Barbara and Peter are on display until December 10. Photo: Auckland Museum

T-rex skeletons Barbara and Peter attract more than a million visitors in New Zealand


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About 1.5 million people have already visited the Auckland War Memorial Museum for a rare sighting of Barbara and Peter, adult male and female Tyrannosaurus rex skeletons. That's more than a quarter of the total population of New Zealand.

Visitors from the UAE and other parts of the world can still check out the show – touted as the most successful dinosaur exhibition of all time – which runs until next Sunday. “Not only have we seen visitor numbers equivalent to almost the whole of Auckland's population of 1.6 million come through the doors, but Barbara and Peter have provided a once-in-a-lifetime, educational experience for many, many thousands of schoolchildren,” said David Reeves, the museum's chief executive.

T-rex fossils are rare, with only about 20 on display in museums worldwide. The Auckland exhibition is even more notable because of Barbara, as hers is one of only three pregnant T-rex remains ever discovered. Believed to be 66 million years old, her skeleton is 44.7 per cent complete, and measures 11.7 metres in length and 3.4 metres in height. A pathologic study shows that she was almost certainly carrying eggs when she died.

Barbara's skeleton is 44.7 per cent complete. Photo: Auckland Museum
Barbara's skeleton is 44.7 per cent complete. Photo: Auckland Museum

Peter is considered one of the most complete T-rex fossils ever found, with 47 per cent of the skeleton intact. The hind limbs and entire pelvic girdle are fossilised, and the remains are believed to be between 66 and 67 million years old. It is also thought Peter was killed by another adult T-rex during a fight.

The dinosaur exhibition started last April, when an anonymous lender offered the Auckland museum the opportunity to borrow Peter's skeleton. The fossil was discovered in Wyoming in the US in 2018, and the Auckland exhibition is its world debut.

Barbara's skeleton came a bit later, joining Peter's last November, also given to the museum by the same mystery lender. This is the first exhibition to show a male and female T-rex at the same time.

The exhibition allows visitors to learn more about the specimens and the Cretaceous period. Both free and ticketed events have been organised to honour the dinosaur pair, including themed birthday parties for children, as well as augmented-reality scavenger hunts through the museum.

To further improve visitor experience, the museum has made public the preliminary scientific research on the specimens, undertaken by Dr David Burnham of the University of Kansas Biodiversity Institute and Natural History Museum and Dr John Nudds of the Department of Earth and Environmental Sciences, University of Manchester. Both experts studied the fossils in their university laboratories for months.

Reeves said there is “typically very limited data” supplied by museums to support such exhibitions, and that research is crucial for visitors to gain a deeper understanding of the mysteries surrounding the T-rex, providing insights into their origins, lives and even the process of finding and mounting fossil specimens.

The research, although not yet peer-reviewed, shows that each specimen has unique pathologies, such as an injury to Barbara's leg and marks on Peter's leg. Experts said that deductions can be made from these initial insights about the lifestyle of dinosaurs.

For example, how was Barbara able to live for a long period after her injury when she relied on walking or running on two legs as her primary method of locomotion? In the report, the experts write that if Barbara were totally immobile, “the only way to gain nourishment would require feed from a cohort”, which might provide some credibility to the idea of tyrannosaur group hunting. However, they also note that direct evidence of such behaviour has not yet been proven, so it is likely that Barbara scavenged for food on her own until her death.

“These reports are designed to encourage children and young people to learn about the extraordinary world of theropods,” said Dr Nudds.

On its website, the museum notes it is “not standard practice to share this much information when a specimen is being exhibited for the first time”, but adds that the team are keen to enhance the learning experience. The preliminary scientific report will be a “continuing process and most likely span decades, rather than years”.

Meanwhile, residents in Abu Dhabi were given a taste of a T-rex exhibition last year when the skeleton of a dinosaur named Stan was on display at Manarat Al Saadiyat.

The event was a teaser for the much-anticipated opening of the The Natural History Museum Abu Dhabi, set to be Stan’s permanent home, in 2025.

The 67-million-year-old, 11.6-metre specimen made headlines in 2020 when it fetched a whopping $31.8 million at a Christie’s auction. The fossil is 70 per cent complete and has one of the best-preserved T-rex skulls ever found.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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Fixtures

Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs

Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms

Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles

Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon

Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon

MATCH INFO

Euro 2020 qualifier

Fixture: Liechtenstein v Italy, Tuesday, 10.45pm (UAE)

TV: Match is shown on BeIN Sports

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

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Updated: December 12, 2023, 6:07 AM