Not all of the water on Mars escaped into space billions of years ago as previously thought, but instead substantial amounts may still exist deep within the planet’s mid-crust.
This water is believed to be trapped within tiny cracks and pores in rocks 11.5km to 20km below the Martian surface, a study has revealed.
While the depth of this reservoir makes it difficult for future human colonies to access, the discovery offers significant clues about whether Mars once hosted life or if it still might today.
The findings, published in the Proceedings of the National Academy of Sciences journal on Monday, are based on seismic data from Nasa's Insight lander, which allowed researchers to estimate this groundwater could potentially cover the entire planet if spread out across its surface.
Historically, research has shown that water once flowed on Mars in the form of rivers billions of years ago but much of it was thought to have either escaped into space when the planet lost its atmosphere, or became trapped as ice beneath the surface, particularly in the polar regions.
Dr Gordon Osinski, a planetary geologist and professor at Western University in Ontario, Canada, who was not involved in the study, said the research was important in advancing our understanding of the geology of Mars.
“While many planetary scientists have suspected that the subsurface of Mars – just like Earth – would contain lots of groundwater, this is one of the best studies so far to support this idea,” he said.
"Some of Mars’ water still undoubtedly escaped into space but between the evidence for water ice in the polar caps and ground ice in the middle latitudes of Mars, this evidence for water at depth in the crust does suggest less water escaped."
Although this underground reservoir may not be immediately useful for future colonists due to its extreme depth, the study still provides valuable insights into Mars' geological history and the potential for life on the planet.
“The reservoir won’t be of much use to anyone trying to tap into it to supply a future Mars colony,” said UC Berkley in California, whose academics led the research.
"Even on Earth, drilling that deep would be a challenge."
Dr Dimitra Atri, a planetary scientist at New York University Abu Dhabi, expressed optimism over the implications of the study, suggesting that life on Mars could be a reality.
“I believe that not only did life exist in subsurface Mars a few billion years ago, there is a possibility that it still exists today in some form," he said.
"We need to send missions to these regions to look for subsurface samples. ESA’s [European Space Agency] ExoMars mission is such an effort, which is scheduled to launch in 2028."
The European project will aim to search for signs of past or present life on Mars by drilling beneath the planet's surface to collect and analyse soil samples.
It will focus on regions where liquid water might have been or is still present, offering the best chances of finding evidence of life.
It was delayed from its original launch date of 2020 due to Covid-19 and was pushed back again because of Russia's invasion of Ukraine – Russia had been the main partner in the mission.
After the ESA's fallout with Russia, it managed to save the mission through an agreement with Nasa, which states the agency will help find a launch vehicle for the rover for lift-off in 2028.
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
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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Representing%20UAE%20overseas
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THE%20STRANGERS'%20CASE
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
EMERGENCY PHONE NUMBERS
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Generation Start-up: Awok company profile
Started: 2013
Founder: Ulugbek Yuldashev
Sector: e-commerce
Size: 600 plus
Stage: still in talks with VCs
Principal Investors: self-financed by founder
Result
UAE (S. Tagliabue 90 1') 1-2 Uzbekistan (Shokhruz Norkhonov 48', 86')
COMPANY%20PROFILE
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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.
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