A technician lies next to the femur of a dinosaur at the Egidio Feruglio Museum in Argentina’s Patagonian city of Trelew. Paleontologists in Argentina’s remote Patagonia region have discovered fossils of what may be the largest dinosaur ever, amid a vast cache of fossils that could shed light on prehistoric life. Museo Egidio Feruglio / Reuters
A technician lies next to the femur of a dinosaur at the Egidio Feruglio Museum in Argentina’s Patagonian city of Trelew. Paleontologists in Argentina’s remote Patagonia region have discovered fossils of what may be the largest dinosaur ever, amid a vast cache of fossils that could shed light on prehistoric life. Museo Egidio Feruglio / Reuters
A technician lies next to the femur of a dinosaur at the Egidio Feruglio Museum in Argentina’s Patagonian city of Trelew. Paleontologists in Argentina’s remote Patagonia region have discovered fossils of what may be the largest dinosaur ever, amid a vast cache of fossils that could shed light on prehistoric life. Museo Egidio Feruglio / Reuters
A technician lies next to the femur of a dinosaur at the Egidio Feruglio Museum in Argentina’s Patagonian city of Trelew. Paleontologists in Argentina’s remote Patagonia region have discovered fossils

Fossils of ‘largest dinosaur ever’ found in Argentina


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BUENOS AIRES // Palaeontologists in Argentina’s remote Patagonia region have discovered fossils of what may have been the largest dinosaur ever, amid a vast cache of bones that could shed light on prehistoric life.

The creature is believed to be a new species of Titanosaur, a long-necked, long-tailed sauropod that walked on four legs and lived some 90 million years ago in the Cretaceous Period.

Researchers say the plant-eating dinosaur weighed the equivalent of more than 14 African elephants, or about 100 tonnes, and stretched up to 40 metres in length. The dinosaur would have reached seven storeys when its neck was raised up.

The previous record holder, the Argentinosaurus, was estimated to measure 36.6 metres long. It was also discovered in Argentina.

A fossilised femur of the Titanosaur was larger than a palaeontologist who lay next to it.

But the find did not stop there.

Bones from at least seven individual dinosaurs, including some believed to be younger, were also found at the site.

This is “the most complete discovery of this type of giant dinosaur in the world, a momentous discovery for science,” said Jose Luis Carballido, one of eight scientists who participated in the research.

The fossils were accidentally discovered in 2011 by a farmworker in a remote area in the Patagonian province of Chubut.

The worker first spotted a massive leg bone, measuring some 2.4 metres in length.

Excavations launched in January 2013 also uncovered complete bones of the tail, torso and neck, which will allow for a more complete picture of what the entire animal looked like when it was alive.

Mr Carballido, part of a team of Argentine and Spanish researchers, said the group had uncovered “10 vertebrae of the torso, 40 from the tail, parts of the neck and complete legs”.

“Until now, what was known, worldwide, about sauropods was from fragmentary discoveries,” said the 36-year-old palaeontologist from the Egidio Feruglio Museum in the southern city of Trelew, calling the find “extraordinary”.

Even more bones may yet appear.

So far, “we have only recovered an estimated 20 per cent of what’s in the field”, said Mr Carballido.

The find is set to help shed light on more than just the anatomy of these remarkably large herbivores.

The researchers have also found what they believe to be muscle insertions, which will help them reconstruct the form of the creature’s muscles and calculate how much energy was needed to move them.

Palaeontologists have found about 60 teeth at the site, 57 of which are from Tyrannotitan carnivores — one of the largest known theropods and known scavengers.

In addition to the skeletal remains, fossil imprints of leaves and stems were also found, which could help researchers rebuild the ecosystem at the time.

“We will be able to make a very precise reconstruction and answer many questions,” Mr Carballido said. This could include clues on what makes conditions in southern Argentina favourable for so many massive dinosaur species.

So far, the new species remains unnamed, and scientists estimate they will publish the first results next year.

“The research will be done in several stages. First we will present the new species, its characteristics,” Mr Carballido said, followed by years of study to detail the animal’s biology and “the way it grew up”.

Paul Barrett, fossils and anthropology expert at London’s Natural History Museum, cautioned that claims this dinosaur is the largest-ever must still be confirmed.

“This is an inspiring new discovery of a truly gigantic dinosaur,” Mr Barrett said.

“However, we need to know more about the overall size and proportions of the skeleton and use several different methods to investigate its possible width before deciding it’s definitely the largest dinosaur species yet known.”

US palaeontologist David Burnham agreed that “a lot of things still need to be proven”.

But largest dinosaur or not, the breadth of the discovery was truly remarkable.

“You can really start reconstructing past life when you get a treasure trove like this,” said Mr Burnham of the University of Kansas.

Finding so many individual dinosaurs at one site could confirm the hypothesis that these herbivores lived in herds, as well as determine any predators they may have had, whether they were scavengers, when they died and in what type of environment they lived, Mr Burnham added.

* Agence France-Presse

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While you're here
What is Diwali?

The Hindu festival is at once a celebration of the autumn harvest and the triumph of good over evil, as outlined in the Ramayana.

According to the Sanskrit epic, penned by the sage Valmiki, Diwali marks the time that the exiled king Rama – a mortal with superhuman powers – returned home to the city of Ayodhya with his wife Sita and brother Lakshman, after vanquishing the 10-headed demon Ravana and conquering his kingdom of Lanka. The people of Ayodhya are believed to have lit thousands of earthen lamps to illuminate the city and to guide the royal family home.

In its current iteration, Diwali is celebrated with a puja to welcome the goodness of prosperity Lakshmi (an incarnation of Sita) into the home, which is decorated with diyas (oil lamps) or fairy lights and rangoli designs with coloured powder. Fireworks light up the sky in some parts of the word, and sweetmeats are made (or bought) by most households. It is customary to get new clothes stitched, and visit friends and family to exchange gifts and greetings.  

 

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Multitasking pays off for money goals

Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.

That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.

"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.

Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."

People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.

"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."

Avatar: Fire and Ash

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Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

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UAE currency: the story behind the money in your pockets

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WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

Afcon 2019

SEMI-FINALS

Senegal v Tunisia, 8pm

Algeria v Nigeria, 11pm

Matches are live on BeIN Sports

The studios taking part (so far)
  1. Punch
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  3. Sweat
  4. Bodytree Studio
  5. The Hot House
  6. The Room
  7. Inspire Sports (Ladies Only)
  8. Cryo
Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Dubai Creek Open in numbers
  • The Dubai Creek Open is the 10th tournament on this year's Mena Tour
  • It is the first of five events before the season-concluding Mena Tour Championship
  • This week's field comprises 120 players, 21 of which are amateurs
  • 15 previous Mena Tour winners are competing at Dubai Creek Golf and Yacht Club  
Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

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.”

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

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Third Test, Day 2

New Zealand 274
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Pakistan trail by 135 runs with 7 wickets remaining in the innings

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Favourite film: The Shawshank Redemption

Book: Seagull by Jonathan Livingston

Life lesson: A person is not old until regret takes the place of their dreams

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

How Apple's credit card works

The Apple Card looks different from a traditional credit card — there's no number on the front and the users' name is etched in metal. The card expands the company's digital Apple Pay services, marrying the physical card to a virtual one and integrating both with the iPhone. Its attributes include quick sign-up, elimination of most fees, strong security protections and cash back.

What does it cost?

Apple says there are no fees associated with the card. That means no late fee, no annual fee, no international fee and no over-the-limit fees. It also said it aims to have among the lowest interest rates in the industry. Users must have an iPhone to use the card, which comes at a cost. But they will earn cash back on their purchases — 3 per cent on Apple purchases, 2 per cent on those with the virtual card and 1 per cent with the physical card. Apple says it is the only card to provide those rewards in real time, so that cash earned can be used immediately.

What will the interest rate be?

The card doesn't come out until summer but Apple has said that as of March, the variable annual percentage rate on the card could be anywhere from 13.24 per cent to 24.24 per cent based on creditworthiness. That's in line with the rest of the market, according to analysts

What about security? 

The physical card has no numbers so purchases are made with the embedded chip and the digital version lives in your Apple Wallet on your phone, where it's protected by fingerprints or facial recognition. That means that even if someone steals your phone, they won't be able to use the card to buy things.

Is it easy to use?

Apple says users will be able to sign up for the card in the Wallet app on their iPhone and begin using it almost immediately. It also tracks spending on the phone in a more user-friendly format, eliminating some of the gibberish that fills a traditional credit card statement. Plus it includes some budgeting tools, such as tracking spending and providing estimates of how much interest could be charged on a purchase to help people make an informed decision. 

* Associated Press