Jim Lovell, the Apollo 13 astronaut who helped guide his crew home after their spacecraft suffered an oxygen tank explosion in 1970. He died on August 7 at the age of 97. Photo: Nasa
Jim Lovell, the Apollo 13 astronaut who helped guide his crew home after their spacecraft suffered an oxygen tank explosion in 1970. He died on August 7 at the age of 97. Photo: Nasa
Jim Lovell, the Apollo 13 astronaut who helped guide his crew home after their spacecraft suffered an oxygen tank explosion in 1970. He died on August 7 at the age of 97. Photo: Nasa
Jim Lovell, the Apollo 13 astronaut who helped guide his crew home after their spacecraft suffered an oxygen tank explosion in 1970. He died on August 7 at the age of 97. Photo: Nasa

Apollo 13 captain who announced 'Houston, we have a problem' dies at age 97


Sarwat Nasir
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Jim Lovell, the US astronaut who led the ill-fated Apollo 13 mission and helped guide its crew safely back to Earth after a mid-flight explosion, died at the age of 97 on Thursday.

Mr Lovell was at the centre of one of Nasa’s most dramatic episodes when an oxygen tank on the spacecraft exploded on April 13, 1970, two days after launch.

The mission was meant to be the third crewed landing on the Moon, but the explosion damaged its power and life-support systems.

“Houston, we’ve had a problem,” Mr Lovell told mission control in words that have since become part of space-flight history. The phrase was later popularised as “Houston, we have a problem”.

Tributes from space community

Tributes to Mr Lovell came from Nasa, former astronauts and wider space community after his death was announced on Friday.

Nasa acting administrator Sean Duffy said in a statement that the agency sent its condolences to the family of Mr Lovell, “whose life and work inspired millions of people across the decade”.

“Jim’s character and steadfast courage helped our nation reach the Moon and turned a potential tragedy into a success from which we learnt an enormous amount,” he said.

“We mourn his passing even as we celebrate his achievements.”

Dr Buzz Aldrin, the second person to work on the Moon, said that was he was “grieving the loss of one of my best friends”.

“Our mutual respect had no limits. The Gemini XII mission we flew together paved the way for the Apollo missions. Heartfelt condolences to Jim’s family. Farewell Jim. You will be missed, my friend. Godspeed,” he said.

Impressive career

After the explosion aboard the Apollo 13 mission, Mr Lovell and his crewmates, Jack Swigert and Fred Haise, worked with engineers on the ground over the next four days to come up with solutions.

They conserved power, repurposed spacecraft systems and navigated a complex return trajectory that brought them home to a safe splashdown in the Pacific Ocean on April 17.

The episode was later described by Nasa as a “successful failure” because, while the original mission was lost, the crew’s survival was more important.

Mr Lovell’s space career spanned four missions, including two to the Moon, though he landed on the surface.

He was command module pilot of Apollo 8 in 1968, the first mission to orbit the Moon, giving humanity its first close-up views of the lunar surface and the famous Earthrise photograph taken by William Anders.

The Apollo 13 crew capsule photographed while in space. Photo: Nasa
The Apollo 13 crew capsule photographed while in space. Photo: Nasa

Earlier, he flew on Gemini 7 and Gemini 12, pioneering the rendezvous, docking and spacewalking techniques that were essential in the Apollo programme.

After retiring from Nasa and the US Navy in 1973, Mr Lovell co-wrote the memoir Lost Moon, which became the basis for the 1995 film Apollo 13.

Actor Tom Hanks portrayed him on screen, and Mr Lovell made a cameo appearance in the film.

Mr Lovell is survived by his four children. His wife, Marilyn, who he was married to for almost 70 years, died in 2023.

First Person
Richard Flanagan
Chatto & Windus 

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

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RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

'C'mon C'mon'

Director:Mike Mills

Stars:Joaquin Phoenix, Gaby Hoffmann, Woody Norman

Rating: 4/5

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

Name: Colm McLoughlin

Country: Galway, Ireland

Job: Executive vice chairman and chief executive of Dubai Duty Free

Favourite golf course: Dubai Creek Golf and Yacht Club

Favourite part of Dubai: Palm Jumeirah

 

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

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.”

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Updated: August 09, 2025, 10:06 AM