French paleoanthropologist Jean-Jacques Hublin poses on June 6, 2017 in Paris with the cast of a skull of Homo Sapiens discovered in Morocco on June 6, 2017.   The ground-breaking discovery of fossils in Morocco show that Homo Sapiens was roaming Africa 300,000 yeas ago - 100,000 years longer than was previously believed. Patrick Kovarik / AFP
French paleoanthropologist Jean-Jacques Hublin poses on June 6, 2017 in Paris with the cast of a skull of Homo Sapiens discovered in Morocco on June 6, 2017. The ground-breaking discovery of fossilsShow more

The 'obsession' that changed human history



PARIS // An “obsession” with the lower jaw of a long-dead human, unearthed in the 1960s at a prehistoric Moroccan campsite, led palaeoanthropologist Jean-Jacques Hublin to the discovery of a lifetime.

After decades of work to identify the jawbone’s owner, Mr Hublin was able to announce on Wednesday that it belonged to the earliest known member of our species.

His efforts revealed that Homo sapiens is 100,000 years older than previously assumed – ageing our species by a whole third and dislodging East Africa as the cradle of humankind.

It was in 1961 that mining activity at the site called Jebel Irhoud, not far from Marrakesh, first brought an ancient human skull to the surface, followed by more fragments over subsequent years of excavation.

Initially, the pieces were dated to about 40,000 years ago, later pushed back to 160,000 years ago.

At the time, the notion that humans originated in Africa did not exist, so the remains were not in the running for Homo sapiens status.

Some hypothesised the remains belonged to a type of African Neanderthal – the species then considered to have been the forerunner of modern humans.

Others proposed it was a kind of Neanderthal-human hybrid, yet others an archaic group of far-flung human relatives.

“I was never convinced by these ideas,” said Mr Hublin.

As a young researcher, he recalled, a colleague confided him with the study of a mandible, or lower jaw, from the fossil trove.

The “mystery of Jebel Irhoud” became the subject of his first-ever scientific publication on human fossils, in 1981, and a career “obsession”, Mr Hublin said ahead of Wednesday’s unveiling.

“The reason why we were so interested in the site ... [is that] we had a mozaic of morphological features that did not make much sense,” he said.

The specimens displayed a combination of physical traits, particularly the face, that closely resembled those of modern, living human beings, and other “more primitive” aspects such as a flatter, elongated skull.

Mr Hublin said he visited the site several times in the 1980s and 1990s seeking to resume research, “but that was a difficult project to undertake mostly because the place became a sort of quarry”.

Finally, in 2004, Mr Hublin and a team could start cleaning the site and preparing it for archaeological excavation.

Soon they started adding to the fossil fragment collection – now known to have belonged to five early Homo sapiens.

They also collected stone tool artefacts which had been burnt in the humans’ cooking pit.

These could be dated with a special technique called thermoluminescence, which measures exposure to radiation generated by heat.

“Very early in the process we realised that the site was much older than anything anyone could imagine,” said Mr Hublin.

“We were rewarded beyond our expectations!”

* Agence France-Presse

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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A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

The specs: 2019 Mercedes-Benz GLE

Price, base / as tested Dh274,000 (estimate)

Engine 3.0-litre inline six-cylinder

Gearbox  Nine-speed automatic

Power 245hp @ 4,200rpm

Torque 500Nm @ 1,600rpm

Fuel economy, combined 6.4L / 100km

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

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Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

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Engine: Four electric motors, one at each wheel

Power: 579hp

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Transmission: Single-speed automatic

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The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

MIDWAY

Produced: Lionsgate Films, Shanghai Ryui Entertainment, Street Light Entertainment
Directed: Roland Emmerich
Cast: Ed Skrein, Woody Harrelson, Dennis Quaid, Aaron Eckhart, Luke Evans, Nick Jonas, Mandy Moore, Darren Criss
Rating: 3.5/5 stars

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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SCHEDULE

Saturday, April 20: 11am to 7pm - Abu Dhabi World Jiu-Jitsu Festival and Para jiu-jitsu.

Sunday, April 21: 11am to 6pm - Abu Dhabi World Youth (female) Jiu-Jitsu Championship.

Monday, April 22: 11am to 6pm - Abu Dhabi World Youth (male) Jiu-Jitsu Championship.

Tuesday, April 23: 11am-6pm Abu Dhabi World Masters Jiu-Jitsu Championship.

Wednesday, April 24: 11am-6pm Abu Dhabi World Professional Jiu-Jitsu Championship.

Thursday, April 25: 11am-5pm Abu Dhabi World Professional Jiu-Jitsu Championship.

Friday, April 26: 3pm to 6pm Finals of the Abu Dhabi World Professional Jiu-Jitsu Championship.

Saturday, April 27: 4pm and 8pm awards ceremony.

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

T10 Cricket League
Sharjah Cricket Stadium
December 14- 17
6pm, Opening ceremony, followed by:
Bengal Tigers v Kerala Kings 
Maratha Arabians v Pakhtoons
Tickets available online at q-tickets.com/t10