A 450-million-year-old meteorite fragment discovered in Oman has been returned to Mars, Nasa said.
Sayh Al Uhaymir 008 was discovered in the Wilayat of Haima, Al Wusta province, in 1999.
The meteorite crashed to Earth 450,000 years ago.
Nasa's Arabic Twitter account announced the imminent return of the rock, detailing the history of its discovery and analysis, including the co-ordinates where it was found – a possible nod to aspiring space-rock hunters.
While the origin of the rock was confirmed through testing in a laboratory in Germany, researchers wanted to take the sample to an area of the Red Planet that is thought to have once hosted life.
The rock was kept in the Natural History Museum in London before it began its journey back to Mars.
Why is the Omani rock being taken back to Mars?
Researchers want to compare the rock to samples on Mars, using a device known as Sherloc, which combines a camera, a spectrometer and a laser.
It is hoped that a high degree of certainty about the composition of rocks on the surface of the planet can be obtained by testing the meteorite fragment at the site.
Nasa used the example of a picture of a room in yellow lighting to explain the experiment. We might know the walls of the room are white in daylight, but to fully understand the characteristics of the room, we need to see it in natural light, hence the rock must be examined on Mars, with its light and dust.
"Scientists will be looking for rocks that may have formed in water, possibly preserving evidence of the chemical building blocks of life," Lori Glaze, director of the Nasa planetary science division, said last year.
What is the Perseverance rover doing on Mars?
"What we're looking for is evidence of past life, either direct chemical or organic signs in the composition and the chemistry of rocks, or textural evidence in the rock record," Jim Bell, a professor at the School of Earth and Space Exploration at Arizona State University, told The Conversation podcast last month.
"The environment of Mars is extremely harsh compared to the Earth, so we’re not really looking for evidence of current life. Unless something actually gets up and walks in front of the cameras, we’re really not going to find that."
Jezero, the area of Mars where the Perseverance rover landed, is probably the "best place" to search for signs of life, he said.
"There are lots of things we don’t know, but there was liquid water there. There were heat sources – there were active volcanoes two, three, four billion years ago on Mars – and there are impact craters from asteroids and comets dumping lots of heat into the ground as well as organic molecules," he said.
"It’s a very short list of places in the solar system that meet those constraints and Jezero is one of those places."
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Profile of Udrive
Date started: March 2016
Founder: Hasib Khan
Based: Dubai
Employees: 40
Amount raised (to date): $3.25m – $750,000 seed funding in 2017 and a Seed round of $2.5m last year. Raised $1.3m from Eureeca investors in January 2021 as part of a Series A round with a $5m target.
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
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The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press
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.”