Look up on April 8: a solar eclipse is coming to North America.
The celestial phenomenon is expected to be visible from Mexico's Pacific coast before skies darken over Texas and 14 other US states. It will then wrap up over parts of north-eastern Canada.
Here, The National tells you all you need to know about the rare event:
What is a total solar eclipse?
An eclipse happens when the Moon passes between the Sun and Earth, entirely covering the Sun's face along a small path across our planet's surface.
This is called the “path of totality”.
The daytime sky turns dark, akin to dusk or dawn. Birds start to roost and nocturnal animals have been known to wake up, tricked into believing night has arrived.
In places on the path of totality, people will be able to view the Sun's corona – its outer atmosphere – that typically is not visible due to solar brightness.
People observing from outside the path of totality will see a partial eclipse in which the Moon obscures most of the Sun's face but not all of it.
What's the eclipse path?
According to Nasa, the eclipse will begin over the South Pacific, with its path reaching Mexico's Pacific coast at about 11.07am local time before entering the US through Texas.
Its path then takes it through another 14 states: Oklahoma, Arkansas, Missouri, a tiny part of Tennessee, Illinois, Kentucky, Indiana, Ohio, a small part of Michigan, Pennsylvania, New York, Vermont, New Hampshire and Maine.
The path then enters Canada through Ontario and journeys through Quebec, New Brunswick, Prince Edward Island and Cape Breton, exiting continental North America on the Atlantic coast of Newfoundland at 5.16pm local time.
A partial eclipse is due to be visible for people in all 48 contiguous US states, Reuters reported.
What are the best spots to see the eclipse?
Major cities and their metropolitan areas lay within or near the path of totality, making many densely populated areas some of the best spots to view the eclipse.
These include San Antonio, Austin, Waco, Fort Worth and Dallas in Texas; St Louis in Missouri; Detroit in Michigan; Buffalo, Rochester and Syracuse in New York; and Toronto and Montreal in Canada.
How long will the eclipse last?
The full eclipse will last longer than usual because the Moon will be 360,000km from Earth, one of the year’s closest approaches. The closer the Moon is to Earth, the bigger it appears in the sky from our perspective, resulting in an especially long and intense period of Sun-blocked darkness.
Totality will last the longest over Mexico at 4 minutes, 28 seconds.
Elsewhere along the track, such as in Syracuse, New York, totality will last only 90 seconds.
How can you safely watch an eclipse?
Experts warn it is unsafe to look directly at the bright Sun without using specialised eye protection designed for solar viewing. Viewing an eclipse through a camera lens, binoculars or telescope without making use of a special-purpose solar filter can cause severe eye injury.
They advise using safe solar-viewing glasses or a safe hand-held solar viewer, noting that regular sunglasses are not safe for watching the event. The only moment it is considered safe for people to remove eye protection during a total solar eclipse is the brief time when the Moon completely blocks the Sun's surface.
Will there be a comet during the eclipse? Will other planets be visible?
During totality, some people may be able to spot a comet along with four planets: Jupiter will be to the left of the Sun and Venus to the right, and then Saturn and Mars will be to the right of Venus. Three other planets will be in the vicinity but virtually impossible to see with the naked eye.
Comet 12P/Pons-Brooks is swinging past Earth, as it does every 71 years. It will be near Jupiter during the eclipse.
“There is lots to see and not that long a time,” Anita Cochran of the University of Texas at Austin told AP.
When was the last total solar eclipse in the US?
The US has not experienced a total solar eclipse since August 2017.
A “ring of fire” solar eclipse crossed a part of the country in October.
When is the next solar eclipse?
The next total solar eclipse will not be until 2026, when it will graze the North, touching Greenland, Iceland and Spain.
The next one in 2027 will march across Spain and northern Africa, with totality lasting 6.5 minutes.
North Americans will have to wait until 2033 for another total solar eclipse but it will be limited to Alaska. In 2044, western Canada, Montana and North Dakota will have front-row seats. And in 2045, the US will once again experience a coast-to-coast total solar eclipse.
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.”
Bio
Born in Dibba, Sharjah in 1972.
He is the eldest among 11 brothers and sisters.
He was educated in Sharjah schools and is a graduate of UAE University in Al Ain.
He has written poetry for 30 years and has had work published in local newspapers.
He likes all kinds of adventure movies that relate to his work.
His dream is a safe and preserved environment for all humankind.
His favourite book is The Quran, and 'Maze of Innovation and Creativity', written by his brother.
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