• In this handout photo released by Roscosmos, Actress Yulia Peresild, left, director Klim Shipenko' right, and cosmonaut Anton Shkaplerov, members of the prime crew of Soyuz MS-19 spaceship pose at the Russian launch facility in the Baikonur Cosmodrome, Kazakhstan, Sunday, Sept. 19, 2021. In a historic first, Russia is set to launch an actress and a film director to space to make a feature film in orbit. Actress Yulia Peresild and director Klim Shipenko are set to blast off Tuesday for the International Space Station in a Russian Soyuz spacecraft together with Anton Shkaplerov, a veteran of three space missions. (Roscosmos Space Agency via AP)
    In this handout photo released by Roscosmos, Actress Yulia Peresild, left, director Klim Shipenko' right, and cosmonaut Anton Shkaplerov, members of the prime crew of Soyuz MS-19 spaceship pose at the Russian launch facility in the Baikonur Cosmodrome, Kazakhstan, Sunday, Sept. 19, 2021. In a historic first, Russia is set to launch an actress and a film director to space to make a feature film in orbit. Actress Yulia Peresild and director Klim Shipenko are set to blast off Tuesday for the International Space Station in a Russian Soyuz spacecraft together with Anton Shkaplerov, a veteran of three space missions. (Roscosmos Space Agency via AP)
  • Cosmonaut Anton Shkaplerov (centre), actress Yulia Peresild and film director Klim Shipenko, gesture behind a glass wall during a news conference ahead of the expedition to the International Space Station (ISS). AFP
    Cosmonaut Anton Shkaplerov (centre), actress Yulia Peresild and film director Klim Shipenko, gesture behind a glass wall during a news conference ahead of the expedition to the International Space Station (ISS). AFP
  • This handout photo taken and released on October 4, 2021 by the Russian Space Agency Roscosmos shows crew members, cosmonaut Anton Shkaplerov (C), actress Yulia Peresild (L) and film director Klim Shipenko, shaking hands behind a glass wall during a news conference ahead of the expedition to the International Space Station (ISS) at the Baikonur Cosmodrome, Kazakhstan. - Roscosmos is dispatching the 36-year-old screen star Yulia Peresild along with director Klim Shipenko, 38, and cosmonaut Anton Shkaplerov in the race against time to beat a parallel Hollywood project led by actor Tom Cruise. The launch to ISS is scheduled for October 5, 2021. (Photo by Andrey SHELEPIN / GCTC / Russian space agency Roscosmos / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / Russian space agency Roscosmos / Andrey SHELEPIN" - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
    This handout photo taken and released on October 4, 2021 by the Russian Space Agency Roscosmos shows crew members, cosmonaut Anton Shkaplerov (C), actress Yulia Peresild (L) and film director Klim Shipenko, shaking hands behind a glass wall during a news conference ahead of the expedition to the International Space Station (ISS) at the Baikonur Cosmodrome, Kazakhstan. - Roscosmos is dispatching the 36-year-old screen star Yulia Peresild along with director Klim Shipenko, 38, and cosmonaut Anton Shkaplerov in the race against time to beat a parallel Hollywood project led by actor Tom Cruise. The launch to ISS is scheduled for October 5, 2021. (Photo by Andrey SHELEPIN / GCTC / Russian space agency Roscosmos / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / Russian space agency Roscosmos / Andrey SHELEPIN" - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
  • Actress Yulia Peresild will play a female surgeon who is dispatched to the ISS to save an astronaut in 'The Challenge'. AFP
    Actress Yulia Peresild will play a female surgeon who is dispatched to the ISS to save an astronaut in 'The Challenge'. AFP
  • Cosmonaut Anton Shkaplerov, centre, is a veteran of three space missions. AP
    Cosmonaut Anton Shkaplerov, centre, is a veteran of three space missions. AP
  • Peresild, who auditioned for the role earlier this year in a competition with dozens of other actresses, has spent months training for the mission. AFP
    Peresild, who auditioned for the role earlier this year in a competition with dozens of other actresses, has spent months training for the mission. AFP
  • Peresild also has a backup, Alyona Mordovina, who will go to orbit if something prevented the primary crew from launching to space. AFP
    Peresild also has a backup, Alyona Mordovina, who will go to orbit if something prevented the primary crew from launching to space. AFP
  • The main crew along with their backups at the news conference. EPA
    The main crew along with their backups at the news conference. EPA
  • The Soyuz-2. 1a booster rocket with Soyuz MS-19 spacecraft is being rolled out to the launch pad by train at the Baikonur Cosmodrome, Kazakhstan. EPA
    The Soyuz-2. 1a booster rocket with Soyuz MS-19 spacecraft is being rolled out to the launch pad by train at the Baikonur Cosmodrome, Kazakhstan. EPA
  • The film crew will travel in a Soyuz MS-19 spaceship for a 12-day mission at ISS to film scenes. EPA
    The film crew will travel in a Soyuz MS-19 spaceship for a 12-day mission at ISS to film scenes. EPA
  • Shipenko and Peresild are expected to return to Earth on Sunday, October 17 in a capsule with cosmonaut Oleg Novitsky, who has been on the ISS for the past six months. AP
    Shipenko and Peresild are expected to return to Earth on Sunday, October 17 in a capsule with cosmonaut Oleg Novitsky, who has been on the ISS for the past six months. AP

First movie shot in space: Russian film crew set to beat Hollywood with historic flight


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Russia is all set to beat Hollywood in the space game. The country will launch an actress and a film director into space on Tuesday for the world's first feature film to be shot at the International Space Station.

Actress Yulia Peresild, 37, and film director Klim Shipenko, 38, are expected to take off from the Baikonur Cosmodrome in ex-Soviet Kazakhstan at 8.55am GMT (12.55pm in the UAE).

You can watch a livestream of the launch here.

If successful, the Russian crew will beat a Hollywood project that was announced last year by Mission Impossible star Tom Cruise together with Nasa and Elon Musk's SpaceX.

The two-member film crew, led by veteran cosmonaut Anton Shkaplerov, are expected to take off from the Baikonur Cosmodrome in ex-Soviet Kazakhstan. They will travel in a Soyuz MS-19 spaceship for a 12-day mission at ISS to film scenes for a movie called The Challenge.

Cosmonaut Anton Shkaplerov (centre), actress Yulia Peresild and film director Klim Shipenko are blasting off to space to film scenes at the ISS. AFP
Cosmonaut Anton Shkaplerov (centre), actress Yulia Peresild and film director Klim Shipenko are blasting off to space to film scenes at the ISS. AFP

The movie's plot, which has been mostly kept under wraps along with its budget, was revealed by Russia's space agency Roscosmos to centre around a female surgeon who is dispatched to the ISS to save an astronaut.

Clad in a flight suit, director Shipenko called the film "an experiment" at an online press conference on Monday.

"Some things will work out and some things won't," he conceded.

Peresild, who auditioned for the role earlier this year in a competition with dozens of other actresses, has spent months training for the mission, according to The New York Times. Alyona Mordovina, the competition’s runner-up, is Peresild’s backup, and would go to orbit if something prevented the primary crew from launching to space.

Shipenko and Peresild are expected to return to Earth on Sunday, October 17 in a capsule with cosmonaut Oleg Novitsky, who has been on the ISS for the past six months.

The launch comes at a challenging time for Russia's space industry, which is struggling to secure state funding with the Kremlin prioritising military spending.

Compared to the Soviet era – when Moscow launched the first satellite Sputnik and sent the first man, Yuri Gagarin, into space – Russia has struggled to innovate.

Its space agency is still reliant on Soviet-designed technology and has faced a number of setbacks, including corruption scandals and botched launches.

Russia is also falling behind in the global space race, facing tough competition from the United States and China, with Beijing showing growing ambitions in the industry.

Roscosmos was also dealt a blow after SpaceX last year successfully delivered astronauts to the ISS, costing Russia its monopoly for journeys to the orbital station.

  • Jared "Rook" Isaacman, Polaris Dawn Mission Commander. Photo: Polaris Program / John Kraus
    Jared "Rook" Isaacman, Polaris Dawn Mission Commander. Photo: Polaris Program / John Kraus
  • The all-amateur crew of SpaceX Inspiration4 embark on an historic mission. Reuters
    The all-amateur crew of SpaceX Inspiration4 embark on an historic mission. Reuters
  • They have lift off in Cape Canaveral, Florida. AP Photo
    They have lift off in Cape Canaveral, Florida. AP Photo
  • Inspiration4 crew members Chris Sembroski, Sian Proctor, Jared Isaacman and Hayley Arceneaux are all smiles before the flight. Reuters
    Inspiration4 crew members Chris Sembroski, Sian Proctor, Jared Isaacman and Hayley Arceneaux are all smiles before the flight. Reuters
  • The moment the rocket blasts off from Kennedy Space Centre's Launch Pad 39-A in Cape Canaveral. AP Photo
    The moment the rocket blasts off from Kennedy Space Centre's Launch Pad 39-A in Cape Canaveral. AP Photo
  • The SpaceX Falcon 9 rocket prepares to launch from Nasa's Kennedy Space Centre, Florida. AFP
    The SpaceX Falcon 9 rocket prepares to launch from Nasa's Kennedy Space Centre, Florida. AFP
  • The Inspiration4 mission, the first to send an all-civilian crew to orbit, will venture deeper into space than the International Space Station. AFP
    The Inspiration4 mission, the first to send an all-civilian crew to orbit, will venture deeper into space than the International Space Station. AFP
  • The SpaceX Falcon 9 lifts off with four private citizens onboard. AP Photo
    The SpaceX Falcon 9 lifts off with four private citizens onboard. AP Photo
  • The crew will spend three days orbiting the Earth before splashing back down off the coast of Florida. Reuters
    The crew will spend three days orbiting the Earth before splashing back down off the coast of Florida. Reuters
  • 'The Inspiration4 launch reminds us of what can be accomplished when we partner with private industry,' tweeted Nasa administrator Bill Nelson before the launch. Reuters
    'The Inspiration4 launch reminds us of what can be accomplished when we partner with private industry,' tweeted Nasa administrator Bill Nelson before the launch. Reuters
  • The Inspiration4 mission is being financed and led by Jared Isaacman, 38, the founder of Shift4 Payments. AFP
    The Inspiration4 mission is being financed and led by Jared Isaacman, 38, the founder of Shift4 Payments. AFP
  • Mr Isaacman is the latest billionaire entrepreneur to set his sights on the stars, after Richard Branson and Jeff Bezos both blasted into space this summer. AFP
    Mr Isaacman is the latest billionaire entrepreneur to set his sights on the stars, after Richard Branson and Jeff Bezos both blasted into space this summer. AFP
  • Mr Isaacman hopes to outdo other space tourism pioneers with an even more ambitious mission. AFP
    Mr Isaacman hopes to outdo other space tourism pioneers with an even more ambitious mission. AFP
  • The SpaceX webcast livestreamed what pilot Sian Proctor could see as the rocket headed for the stars. AFP
    The SpaceX webcast livestreamed what pilot Sian Proctor could see as the rocket headed for the stars. AFP
  • Inspiration4 crew on their first day in space. Reuters
    Inspiration4 crew on their first day in space. Reuters
  • First day at the office. Inspiration4 crew Jared Isaacman, Sian Proctor, Hayley Arceneaux, and Chris Sembroski in zero gravity. Reuters
    First day at the office. Inspiration4 crew Jared Isaacman, Sian Proctor, Hayley Arceneaux, and Chris Sembroski in zero gravity. Reuters
  • The citizen astronauts splash down safely in SpaceX's Crew Dragon capsule off Florida. Reuters
    The citizen astronauts splash down safely in SpaceX's Crew Dragon capsule off Florida. Reuters
  • A SpaceX capsule carrying four people is lifted from the Atlantic Ocean on to a recovery vessel. AP
    A SpaceX capsule carrying four people is lifted from the Atlantic Ocean on to a recovery vessel. AP
  • Jared Isaacman emerges from the capsule after it was recovered following its splashdown. AP
    Jared Isaacman emerges from the capsule after it was recovered following its splashdown. AP
  • Chris Sembroski celebrates their return to Earth. AP
    Chris Sembroski celebrates their return to Earth. AP
  • Sian Proctor sets foot on Earth for the first time after completing the mission. AP
    Sian Proctor sets foot on Earth for the first time after completing the mission. AP
  • Next amateur astronaut out is Hayley Arceneaux. AP
    Next amateur astronaut out is Hayley Arceneaux. AP
  • The crew was the first to circle the Earth without a professional astronaut. AP
    The crew was the first to circle the Earth without a professional astronaut. AP

But for political analyst Konstantin Kalachev, the space film is a matter of PR and a way to "distract" Russians from the "problems" that Roscosmos is facing.

"This is supposed to inspire Russians, show how cool we are, but I think Russians have completely lost interest in the space industry," Kalachev told AFP.

In a bid to spruce up its image and diversify its revenue, Russia revealed this year that it will be reviving its space tourism programme to ferry fee-paying adventurers to the ISS.

After a decade-long pause, Russia will send two Japanese tourists – including billionaire Yusaku Maezawa – to the ISS in December, capping a year that has been a milestone for amateur space travel.

Last month, SpaceX completed the first all-civilian mission to space that took four untrained astronauts on a three-day loop around the Earth's orbit.

The trip followed the missions of billionaire Richard Branson, who spent several minutes in weightlessness in July aboard his VSS Unity. Amazon-founder Jeff Bezos completed a similar mission just days later via his company Blue Origin, which he founded in 2020, to help create space tourism.

On Monday, Star Trek actor William Shatner announced he was also travelling to space in the second Blue Origin flight on Tuesday, October 12.

Shatner, known for playing Captain James T Kirk in the sci-fi series and films, will be one of four crew members, which includes Blue Origin’s vice president of mission and flight operations Audrey Powers, Planet Labs co-founder Chris Boshuizen and Medidata co-founder Glen de Vries.

"I've heard about space for a long time now," Shatner said. "I'm taking the opportunity to see it for myself. What a miracle."

– Additional reporting by AFP

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

Profile of MoneyFellows

Founder: Ahmed Wadi

Launched: 2016

Employees: 76

Financing stage: Series A ($4 million)

Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund

While you're here
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%3Cp%3E%0DDeveloper%3A%20Ubisoft%20Bordeaux%0D%3Cbr%3EPublisher%3A%20Ubisoft%0D%3Cbr%3EConsoles%3A%20PlayStation%204%26amp%3B5%2C%20PC%20and%20Xbox%20Series%20S%26amp%3BX%0D%3Cbr%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
The bio:

Favourite holiday destination: I really enjoyed Sri Lanka and Vietnam but my dream destination is the Maldives.

Favourite food: My mum’s Chinese cooking.

Favourite film: Robocop, followed by The Terminator.

Hobbies: Off-roading, scuba diving, playing squash and going to the gym.

 

'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
Evacuations to France hit by controversy
  • Over 500 Gazans have been evacuated to France since November 2023
  • Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
  • The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
  • Artists and researchers fall under a programme called Pause that began in 2017
  • It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
  • Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
  • Unlike students, they are allowed to bring their families to France

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.”

Updated: October 05, 2021, 7:47 AM