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.
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.
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
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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.
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Stars:Robert Pattinson
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In-demand jobs and monthly salaries
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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.”