Canadian actor William Shatner as he unveils a wax figure of himself as Captain Kirk. Reuters
Canadian actor William Shatner as he unveils a wax figure of himself as Captain Kirk. Reuters
Canadian actor William Shatner as he unveils a wax figure of himself as Captain Kirk. Reuters
Canadian actor William Shatner as he unveils a wax figure of himself as Captain Kirk. Reuters


Shatner proves we don't need sci-fi to go to space


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October 13, 2021

Today, Hollywood actor William Shatner will become the oldest man ever to go into space. He is not an astronaut, will operate no controls and has only done a few days’ training with other crew members, who, like him, are civilians. His trip is a sign of the remarkable pace at which space tourism is lifting off, fuelled by a private space race that in July was won by British billionaire Richard Branson, whose company Virgin Galactic flew him nearly 86 kilometres above the earth's surface, technically outer space.

But the symbolism of Shatner’s trip runs deeper than showing the pace at which this new frontier in tourism is developing. Shatner’s career is defined by his role in Star Trek as commander of the USS Enterprise, Captain Kirk. The franchise of films and series has been running since the late 1960s.

More than just futuristic sets and odd outfits, Star Trek investigated remarkable, eccentric characters, whose human ambition and bravery - even among its alien characters - introduced viewers to an exploratory, brave spirit captured in the show’s mantra “to boldly go”.

  • The interior cabin of space tourism firm Virgin Galactic's SpaceShipTwo is seen in an artist's rendition released July 28, 2020. Virgin Galactic/Handout via Reuters
    The interior cabin of space tourism firm Virgin Galactic's SpaceShipTwo is seen in an artist's rendition released July 28, 2020. Virgin Galactic/Handout via Reuters
  • The interior cabin of space tourism firm Virgin Galactic's SpaceShipTwo is seen in an artist's rendition released July 28, 2020. Virgin Galactic/AP
    The interior cabin of space tourism firm Virgin Galactic's SpaceShipTwo is seen in an artist's rendition released July 28, 2020. Virgin Galactic/AP
  • The interior cabin of space tourism firm Virgin Galactic's SpaceShipTwo is seen in an artist's rendition. Virgin Galactic via Reuters
    The interior cabin of space tourism firm Virgin Galactic's SpaceShipTwo is seen in an artist's rendition. Virgin Galactic via Reuters
  • Virgin Galactic SpaceshipTwo Unity flies free in the New Mexico Airspace for the first time on May 1, 2020. AP
    Virgin Galactic SpaceshipTwo Unity flies free in the New Mexico Airspace for the first time on May 1, 2020. AP
  • Virgin Galactic is set to make its first commercial space flights in 2020. Courtesy Virgin Galactic
    Virgin Galactic is set to make its first commercial space flights in 2020. Courtesy Virgin Galactic
  • Virgin Galactic's Spaceflight System as it prepares for flight at Spaceport America in the desert near Truth or Consequences, New Mexico. AFP
    Virgin Galactic's Spaceflight System as it prepares for flight at Spaceport America in the desert near Truth or Consequences, New Mexico. AFP
  • An aerial view of the horizontal launch area at Spaceport America, including the Virgin Galactic Gateway to Space, Spaceport Operations Center, Taxiway V and Spaceway 16-34. Courtesy Spaceport America
    An aerial view of the horizontal launch area at Spaceport America, including the Virgin Galactic Gateway to Space, Spaceport Operations Center, Taxiway V and Spaceway 16-34. Courtesy Spaceport America
  • Virgin Galactic's SpaceShipTwo. The company will be first space tourism firm to be publically listed. Reuters
    Virgin Galactic's SpaceShipTwo. The company will be first space tourism firm to be publically listed. Reuters
  • A view from the edge of space is seen from the cockpit of Virgin Galactic's manned space tourism rocket plane SpaceShipTwo during a space test flight over Mojave, California, US, December 13, 2018. Virgin Galactic/Handout via Reuters
    A view from the edge of space is seen from the cockpit of Virgin Galactic's manned space tourism rocket plane SpaceShipTwo during a space test flight over Mojave, California, US, December 13, 2018. Virgin Galactic/Handout via Reuters
  • A view from SpaceShipTwo, a rocket plane designed for space tourism, during a test flight in the edge of space, around 51 miles (or 81km) over California, USA, 13 December 2018. EPA/Virgin Galactic
    A view from SpaceShipTwo, a rocket plane designed for space tourism, during a test flight in the edge of space, around 51 miles (or 81km) over California, USA, 13 December 2018. EPA/Virgin Galactic
  • Virgin Galactic's SpaceshipTwo launches for a suborbital test flight on December 13, 2018, in Mojave, California. AFP
    Virgin Galactic's SpaceshipTwo launches for a suborbital test flight on December 13, 2018, in Mojave, California. AFP

Shatner’s character was arguably the bravest of the lot. But today, closer to earth, the actor admits to being a lot more nervous than Captain Kirk would have been. This is completely understandable. He will be sent as much as 100 kilometres above earth’s surface and experience weightlessness in a trip of just 10 minutes.

Those figures would seem impossibly scary to many. Nonetheless, there is increasing and stubborn consumer confidence in the sector, even in spite of early footage of companies trying to develop reusable rockets – crucial to making trips profitable – going spectacularly wrong. Thus far, however, all flights involving humans have gone as planned.

And the wider industry clearly has confidence that much more can be done. There are even plans to open a space hotel as early as 2027. Officials for the International Space Station, on the other hand, have warned recently that potentially “irreparable” damage is appearing in the platform. Could the contrast with commercial space exploration’s glitzy ascent in the past few years be an indication that state-backed ventures of the 20th century have to give some way to the private sector?

There is also serious money to be made. Virgin Galactic has more than 600 future astronauts on its waiting list. The rival billionaire who is bankrolling Shatner’s trip, Amazon’s Jeff Bezos, has sold another ticket to a private buyer for $28 million. The company Space Perspective claims to have already got 475 reservations for trips aboard their balloon-elevated craft that will take passengers more than 30km high in two hours at $125,000 a seat. They plan to start trips in 2024.

But today, all eyes are on Shatner, who can ditch a world of alien ears, cyborg friends and vast space cities; there is increasingly little fiction in the story of the universe. What finally got him out of this world was not CGI and a set designer, but his status, career success, the competitiveness of the world’s richest people and the enduring human desire to explore, whether at home or in the stars.

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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.”

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

 

 

UAE currency: the story behind the money in your pockets
Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
FIGHT%20CARD
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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

Thanksgiving meals to try

World Cut Steakhouse, Habtoor Palace Hotel, Dubai. On Thursday evening, head chef Diego Solis will be serving a high-end sounding four-course meal that features chestnut veloute with smoked duck breast, turkey roulade accompanied by winter vegetables and foie gras and pecan pie, cranberry compote and popcorn ice cream.

Jones the Grocer, various locations across the UAE. Jones’s take-home holiday menu delivers on the favourites: whole roast turkeys, an array of accompaniments (duck fat roast potatoes, sausages wrapped in beef bacon, honey-glazed parsnips and carrots) and more, as  well as festive food platters, canapes and both apple and pumpkin pies.

Ruth’s Chris Steakhouse, The Address Hotel, Dubai. This New Orleans-style restaurant is keen to take the stress out of entertaining, so until December 25 you can order a full seasonal meal from its Takeaway Turkey Feast menu, which features turkey, homemade gravy and a selection of sides – think green beans with almond flakes, roasted Brussels sprouts, sweet potato casserole and bread stuffing – to pick up and eat at home.

The Mattar Farm Kitchen, Dubai. From now until Christmas, Hattem Mattar and his team will be producing game- changing smoked turkeys that you can enjoy at home over the festive period.

Nolu’s, The Galleria Mall, Maryah Island Abu Dhabi. With much of the menu focused on a California inspired “farm to table” approach (with Afghani influence), it only seems right that Nolu’s will be serving their take on the Thanksgiving spread, with a brunch at the Downtown location from 12pm to 4pm on Friday.

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Company%20Profile
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Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Avatar%3A%20The%20Way%20of%20Water
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EJames%20Cameron%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ESam%20Worthington%2C%20Zoe%20Saldana%2C%20Sigourney%20Weaver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A

 

 

 

What to watch out for:

Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways

The hulls of three ships will be used for the roof

The hulls will painted to make the largest Italian tricolour in the country’s history

Several pillars more than 20 metres high will support the structure

Roughly 15 tonnes of steel will be used

Polarised public

31% in UK say BBC is biased to left-wing views

19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

Source: YouGov

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The biog

DOB: March 13, 1987
Place of birth: Jeddah, Saudi Arabia but lived in Virginia in the US and raised in Lebanon
School: ACS in Lebanon
University: BSA in Graphic Design at the American University of Beirut
MSA in Design Entrepreneurship at the School of Visual Arts in New York City
Nationality: Lebanese
Status: Single
Favourite thing to do: I really enjoy cycling, I was a participant in Cycling for Gaza for the second time this year

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
Roll of honour 2019-2020

Dubai Rugby Sevens

Winners: Dubai Hurricanes

Runners up: Bahrain

 

West Asia Premiership

Winners: Bahrain

Runners up: UAE Premiership

 

UAE Premiership

Winners: Dubai Exiles

Runners up: Dubai Hurricanes

 

UAE Division One

Winners: Abu Dhabi Saracens

Runners up: Dubai Hurricanes II

 

UAE Division Two

Winners: Barrelhouse

Runners up: RAK Rugby

Mountain Classification Tour de France after Stage 8 on Saturday: 

  • 1. Lilian Calmejane (France / Direct Energie) 11
  • 2. Fabio Aru (Italy / Astana) 10
  • 3. Daniel Martin (Ireland / Quick-Step) 8
  • 4. Robert Gesink (Netherlands / LottoNL) 8
  • 5. Warren Barguil (France / Sunweb) 7
  • 6. Chris Froome (Britain / Team Sky) 6
  • 7. Guillaume Martin (France / Wanty) 6
  • 8. Jan Bakelants (Belgium / AG2R) 5
  • 9. Serge Pauwels (Belgium / Dimension Data) 5
  • 10. Richie Porte (Australia / BMC Racing) 4

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

Updated: October 13, 2021, 11:23 AM