The UAE has established a Supreme Space Council to oversee the development of its booming space sector, with the authority to approve laws and policies before they are introduced.
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, will act as chairman of the council, an announcement said on Monday.
Some of the council’s duties will be approving policies to regulate the space sector and setting key priorities in investment, acquisitions and infrastructure development.
The move follows a series of space projects that the UAE has recently undertaken, including investment in Nasa’s Gateway project – a $5.3 billion lunar-orbiting station.
The Mohammed bin Rashid Space Centre (MBRSC) will develop an airlock module for the Gateway, allowing astronauts to enter and exit the station. In return, an Emirati astronaut is set to join a future mission to the station.
Another milestone came with the recent merger of Abu Dhabi’s YahSat and Bayanat, resulting in the formation of Space42 – one of the most valuable space companies in the region. Space42 made its debut on the Abu Dhabi Securities Exchange on October 1.
The Dubai-based MBRSC, of which Sheikh Hamdan is president, is responsible for executing space missions such as the UAE Astronaut Programme, Earth-observation satellites and various research programmes.
Meanwhile, the UAE Space Agency, a federal body, plays a crucial role in drafting laws and policies related to the space sector, regulating activities and overseeing missions.
It has also spearheaded projects such as the Hope Probe to Mars and is developing the Emirates mission to the asteroid belt, alongside efforts to bolster the country’s private space sector.
A long-term vision
The Supreme Space Council will play a critical role in approving laws, policies and strategies before their enactment.
Also within its remit will be approving plans aimed at achieving space security in co-operation with international partners, a post on X by the UAE Government Media Office said.
The council will oversee the management of infrastructure, facilities and assets in the space sector. Additionally, it will review capacity-building strategies, fostering local and global partnerships to support the UAE’s long-term space ambitions.
It will be responsible for approving the outcomes of legislation, strategy and national programmes in co-ordination with relevant bodies.
"The decision of the UAE Cabinet to establish the Supreme Space Council represents a landmark moment in our nation’s journey towards becoming a global space leader, driving our ambitions forward and enabling us to achieve even greater milestones in this field," Hamad Obaid Al Mansoori, chairman of MBRSC, said.
"MBRSC is proud to contribute to these efforts, and we remain dedicated to achieving the long-term vision of our wise leadership, ensuring that the UAE continues to lead in space exploration and innovation," he added.
The Melbourne Mercer Global Pension Index
The Melbourne Mercer Global Pension Index
Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.
The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.
“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.
“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”
Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.
Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.
“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.
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- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
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Key fixtures from January 5-7
Watford v Bristol City
Liverpool v Everton
Brighton v Crystal Palace
Bournemouth v AFC Fylde or Wigan
Coventry v Stoke City
Nottingham Forest v Arsenal
Manchester United v Derby
Forest Green or Exeter v West Brom
Tottenham v AFC Wimbledon
Fleetwood or Hereford v Leicester City
Manchester City v Burnley
Shrewsbury v West Ham United
Wolves v Swansea City
Newcastle United v Luton Town
Fulham v Southampton
Norwich City v Chelsea
Schedule for Asia Cup
Sept 15: Bangladesh v Sri Lanka (Dubai)
Sept 16: Pakistan v Qualifier (Dubai)
Sept 17: Sri Lanka v Afghanistan (Abu Dhabi)
Sept 18: India v Qualifier (Dubai)
Sept 19: India v Pakistan (Dubai)
Sept 20: Bangladesh v Afghanistan (Abu Dhabi) Super Four
Sept 21: Group A Winner v Group B Runner-up (Dubai)
Sept 21: Group B Winner v Group A Runner-up (Abu Dhabi)
Sept 23: Group A Winner v Group A Runner-up (Dubai)
Sept 23: Group B Winner v Group B Runner-up (Abu Dhabi)
Sept 25: Group A Winner v Group B Winner (Dubai)
Sept 26: Group A Runner-up v Group B Runner-up (Abu Dhabi)
Sept 28: Final (Dubai)
Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
Profile Idealz
Company: Idealz
Founded: January 2018
Based: Dubai
Sector: E-commerce
Size: (employees): 22
Investors: Co-founders and Venture Partners (9 per cent)