Elon Musk, the billionaire founder of SpaceX, has often spoken about his ambitious vision to colonise Mars as a back-up plan for Earth. His vision has found a new ally in Donald Trump, whose second-term presidency is expected to focus heavily on space exploration.
During his inauguration speech this week, Mr Trump made a bold commitment to planting an American flag on Mars, a declaration that drew cheers from Mr Musk, who smiled broadly and flashed two thumbs-ups to the camera.
Mr Musk, who is also the owner of social media platform X and chief executive of Tesla, wants to send a million people to the Red Planet in future using a fleet of Starship rockets that SpaceX is developing.
The deepened focus on Mars raises the question: Is Mr Musk’s vision a realistic solution to humanity's problems, or is it an escape from the urgent challenges faced on Earth?
Mars as a backup plan
Dr Gordon Osinski, planetary geologist at the Western University in Ontario and the principal investigator of the Canadian Lunar Rover Mission, has a more Earth-centric opinion.
"My personal view is that Elon Musk’s goals to colonise Mars as a back-up plan for humanity’s survival is disturbing," Dr Osinski told The National. "The two biggest challenges that could threaten our existence on this planet are irreversible climate change and an asteroid impact.
"We are already witnessing the devastating consequences of the former, but addressing climate change is entirely do-able if the governments and corporations of the world put the planet first, before politics and profits."
He said that in the long-term an asteroid impact is "entirely possible" and that humanity should invest in detection and prevention, but he does not see a scenario where an asteroid impact makes the planet uninhabitable.
"I also think a really unfortunate consequence of this talk of colonisation is that it really detracts from the main reasons we want to explore our Solar System, which is to learn more about who we are and where we came from, to inspire the next generation and to provide a positive reason or reasons for countries across the world to work together," said Dr Osinski.
Mars as a testbed for innovation
Dimitra Atri, an astrophysicist at New York University Abu Dhabi (NYUAD), told The National that Mars exploration is not just about building a new home for humanity, but also about advancing technology that can address critical issues on Earth.
"For example, innovations in closed-loop life-support systems, water purification and renewable energy sources designed for Mars can enhance sustainable practices on Earth," said Dr Atri, who is also the group leader of the Mars Research Group at the NYUAD's Centre for Astrophysics and Space Science.
And even though building a human city on Mars can drive innovation on Earth, he said it is not the immediate solution that humans need and that describing Mars as a "backup plan" needs to be "critically evaluated".
He believes that ethically, humanity's survival must rely on taking care of the home planet, with "Mars exploration representing human ingenuity rather than a diversion of responsibility".
"While establishing a human presence on Mars can provide scientific insights and a potential safeguard against existential risks, it is not an immediate or complete solution to the challenges facing humanity," said Dr Atri.
"Investments in Mars exploration will lead to technological innovation that can simultaneously address Earth’s issues, such as sustainable energy and resource management. However, these efforts should complement, not detract from, urgently addressing systemic problems like climate change, inequality and ecological degradation."
Red planet is hostile
And even if Mr Musk eventually manages to send people to Mars, the planet will not be so welcoming. The Red Planet is hostile to humans due to its thin atmosphere, freezing temperatures, high radiation levels and lack of breathable oxygen.
Dr Atri said several technologies would need to be developed for a Mars colony, including long-term radiation shielding, autonomous and robust life-support systems, extraction and use of resources found on the planet and addressing the psychological and physiological challenges of human habitation on another planet. He said that developing these technologies could also help with innovation on Earth.
"While the investments are significant at the moment, they will likely yield transformative advancements with broad applications, from space exploration to Earth-based industries," he said. "These efforts not only address fundamental scientific questions but also generate technologies that improve energy efficiency, resource management and disaster resilience on Earth.
"I think the pursuit of Mars exploration is not in competition with solving terrestrial challenges but rather complements and accelerates progress on both fronts."
Space technologies and solutions on Earth
Investing in colonising Mars might come with a hefty price tag, but that does not mean humanity should stop investing in space technology altogether. Amar Vora, head of space at Serco Middle East, said innovations from space can make a real difference to life on Earth.
“Space exploration has long driven innovation on Earth, and its technologies offer immense potential to transform urban environments, particularly in regions like the GCC,” Mr Vora told The National. "For example, satellite monitoring enables real-time urban planning and resource allocation, helping to design and manage sustainable smart cities.”
He gave examples in the UAE, such as the use of satellite data for mangrove restoration and desert greening initiatives: "For urban environments, these tools help plan parks and green corridors to help improve air quality, support with urban heat mapping and enhance biodiversity.
"Dubai’s Desert Greening initiatives, which incorporate satellite data to track soil quality and reforestation progress, provide another key example of how this technology is being applied locally. They can also enable precise carbon sequestration monitoring, assessing the impact of such projects on reducing atmospheric carbon dioxide."
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
Jiu-jitsu calendar of events for 2017-2018:
August 5:
Round-1 of the President’s Cup in Al Ain.
August 11-13:
Asian Championship in Vietnam.
September 8-9:
Ajman International.
September 16-17
Asian Indoor and Martial Arts Games, Ashgabat.
September 22-24:
IJJF Balkan Junior Open, Montenegro.
September 23-24:
Grand Slam Los Angeles.
September 29:
Round-1 Mother of The Nation Cup.
October 13-14:
Al Ain U18 International.
September 20-21:
Al Ain International.
November 3:
Round-2 Mother of The National Cup.
November 4:
Round-2 President’s Cup.
November 10-12:
Grand Slam Rio de Janeiro.
November 24-26:
World Championship, Columbia.
November 30:
World Beach Championship, Columbia.
December 8-9:
Dubai International.
December 23:
Round-3 President’s Cup, Sharjah.
January 12-13:
Grand Slam Abu Dhabi.
January 26-27:
Fujairah International.
February 3:
Round-4 President’s Cup, Al Dhafra.
February 16-17:
Ras Al Khaimah International.
February 23-24:
The Challenge Championship.
March 10-11:
Grand Slam London.
March 16:
Final Round – Mother of The Nation.
March 17:
Final Round – President’s Cup.
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The lowdown
Badla
Rating: 2.5/5
Produced by: Red Chillies, Azure Entertainment
Director: Sujoy Ghosh
Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
more from Janine di Giovanni
The%20Roundup
%3Cp%3EDirector%3A%20Lee%20Sang-yong%3Cbr%3EStars%3A%20Ma%20Dong-seok%2C%20Sukku%20Son%2C%20Choi%20Gwi-hwa%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Brown/Black belt finals
3pm: 49kg female: Mayssa Bastos (BRA) v Thamires Aquino (BRA)
3.07pm: 56kg male: Hiago George (BRA) v Carlos Alberto da Silva (BRA)
3.14pm: 55kg female: Amal Amjahid (BEL) v Bianca Basilio (BRA)
3.21pm: 62kg male: Gabriel de Sousa (BRA) v Joao Miyao (BRA)
3.28pm: 62kg female: Beatriz Mesquita (BRA) v Ffion Davies (GBR)
3.35pm: 69kg male: Isaac Doederlein (BRA) v Paulo Miyao (BRA)
3.42pm: 70kg female: Thamara Silva (BRA) v Alessandra Moss (AUS)
3.49pm: 77kg male: Oliver Lovell (GBR) v Tommy Langarkar (NOR)
3.56pm: 85kg male: Faisal Al Ketbi (UAE) v Rudson Mateus Teles (BRA)
4.03pm: 90kg female: Claire-France Thevenon (FRA) v Gabreili Passanha (BRA)
4.10pm: 94kg male: Adam Wardzinski (POL) v Kaynan Duarte (BRA)
4.17pm: 110kg male: Yahia Mansoor Al Hammadi (UAE) v Joao Rocha (BRA
LOVE%20AGAIN
%3Cp%3EDirector%3A%20Jim%20Strouse%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Priyanka%20Chopra%20Jonas%2C%20Sam%20Heughan%2C%20Celine%20Dion%3C%2Fp%3E%0A%3Cp%3ERating%3A%202%2F5%3C%2Fp%3E%0A
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
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.”
The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.