Apollo 8, the first manned mission to the moon, entered lunar orbit on Christmas Eve, Dec. 24, 1968. That evening, the astronauts-Commander Frank Borman, Command Module Pilot Jim Lovell, and Lunar Module Pilot William Anders-held a live broadcast from lunar orbit, in which they showed pictures of the Earth and moon as seen from their spacecraft. Said Lovell, "The vast loneliness is awe-inspiring and it makes you realize just what you have back there on Earth." They ended the broadcast with the crew taking turns reading from the book of Genesis. Image Credit: NASA
Apollo 8, the first manned mission to the moon, entered lunar orbit on Christmas Eve, Dec. 24, 1968. That evening, the astronauts-Commander Frank Borman, Command Module Pilot Jim Lovell, and Lunar Module Pilot William Anders-held a live broadcast from lunar orbit, in which they showed pictures of the Earth and moon as seen from their spacecraft. Said Lovell, "The vast loneliness is awe-inspiring and it makes you realize just what you have back there on Earth." They ended the broadcast with the crew taking turns reading from the book of Genesis. Image Credit: NASA
Apollo 8, the first manned mission to the moon, entered lunar orbit on Christmas Eve, Dec. 24, 1968. That evening, the astronauts-Commander Frank Borman, Command Module Pilot Jim Lovell, and Lunar Module Pilot William Anders-held a live broadcast from lunar orbit, in which they showed pictures of the Earth and moon as seen from their spacecraft. Said Lovell, "The vast loneliness is awe-inspiring and it makes you realize just what you have back there on Earth." They ended the broadcast with the crew taking turns reading from the book of Genesis. Image Credit: NASA
Apollo 8, the first manned mission to the moon, entered lunar orbit on Christmas Eve, Dec. 24, 1968. That evening, the astronauts-Commander Frank Borman, Command Module Pilot Jim Lovell, and Lunar Mod

Space exploration is about adventure, but also responsibility


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I never look at the Moon without being reminded of Neil Armstrong and Buzz Aldrin – and of the day, July 20, 1969, when they left their first footprints on its dusty surface. The exploit seems even more heroic in retrospect, when we realise how "primitive" the technology was: Nasa's entire suite of computers was less powerful than a single smartphone today.

Apollo 11 was only 12 years after the USSR's first Sputnik satellite launched into orbit around the Earth. Had the pace of missions been sustained in the subsequent half-century, there would surely have been footprints on Mars long before today.

But this has not happened.

The reason, of course, is that Apollo was motivated by the US strategic imperative to "beat the Russians"; it consumed up to four per cent of the US federal budget. Once US primacy was achieved, continuing gargantuan levels of funding was not justifiable, and the Apollo Programme ended in 1972 with the safe return of Apollo 17.

Hundreds more people have ventured into space in the ensuing decades, but – anti-climactically – they have done no more than circle the Earth in low orbit, mostly in the International Space Station.

Space technology has nonetheless burgeoned. There is participation from more than 70 nations, as well as the commercial sector. We routinely depend on orbiting satellites for communication, navigation, environmental monitoring, surveillance and weather forecasting. And space technology offers a huge boost to astronomers, lifting telescopes into orbits far above the blurring and absorptive effects of Earth's atmosphere.

The sector has been energised by private companies, such as Elon Musk's SpaceX and Jeff Bezos's Blue Origin. These ventures bring a can-do Silicon Valley culture into a domain long dominated by Nasa and a few aerospace conglomerates. They have developed the techniques to recover and reuse the main launch rocket, presaging real cost savings.

Machine learning is advancing quickly, as is sensor technology. In coming decades, the entire solar system – planets, moons, and asteroids – will be explored by fleets of tiny, automated probes interacting with one another like a flock of birds.

Giant robotic fabricators will construct, in space, solar energy collectors, telescopes and other giant structures. Indeed, much industrial production could eventually happen away from Earth.

Ever more capable instruments have been sent to Mars to orbit around the red planet or land on its surface. They will be joined next year by the UAE's Hope spacecraft to study the Martian climate – hopefully a pathfinder for other projects, both inspirational and practical, from the Middle East.

But the extra cost of sending humans – and returning them safely – remains significant. So will humans once again venture into what we call “deep space”, rather than simply orbiting the Earth?

  • Nasa astronauts Doug Hurley, foreground, and Bob Behnken call down to mission controllers for a report on their second flight day onboard the SpaceX Crew Dragon spacecraft on Nasa's SpaceX Demo-2 mission approaching to dock to the International Space Station (ISS). Nasa TV / EPA
    Nasa astronauts Doug Hurley, foreground, and Bob Behnken call down to mission controllers for a report on their second flight day onboard the SpaceX Crew Dragon spacecraft on Nasa's SpaceX Demo-2 mission approaching to dock to the International Space Station (ISS). Nasa TV / EPA
  • SpaceX's Crew Dragon spacecraft approaches to dock to ISS. Nasa TV / EPA
    SpaceX's Crew Dragon spacecraft approaches to dock to ISS. Nasa TV / EPA
  • SpaceX's Crew Dragon spacecraft approaches to dock to ISS. Nasa TV / EPA
    SpaceX's Crew Dragon spacecraft approaches to dock to ISS. Nasa TV / EPA
  • SpaceX's Crew Dragon spacecraft approaches to dock to ISS. Nasa TV / EPA
    SpaceX's Crew Dragon spacecraft approaches to dock to ISS. Nasa TV / EPA
  • The SpaceX Dragon crew capsule, with Nasa astronauts Doug Hurley and Robert Behnken aboard, docks with the International Space Station. Nasa TV / AP
    The SpaceX Dragon crew capsule, with Nasa astronauts Doug Hurley and Robert Behnken aboard, docks with the International Space Station. Nasa TV / AP
  • The SpaceX Dragon crew capsule, with Nasa astronauts Doug Hurley and Robert Behnken aboard, docks with the International Space Station. Nasa TV / AP
    The SpaceX Dragon crew capsule, with Nasa astronauts Doug Hurley and Robert Behnken aboard, docks with the International Space Station. Nasa TV / AP
  • The SpaceX Dragon crew capsule, with Nasa astronauts Doug Hurley and Robert Behnken aboard, docks with the International Space Station. Nasa TV / AP
    The SpaceX Dragon crew capsule, with Nasa astronauts Doug Hurley and Robert Behnken aboard, docks with the International Space Station. Nasa TV / AP
  • SpaceX Crew Dragon is seen from the International Space Station during the spacecraft's approach to the orbiting laboratory. Nasa TV / EPA
    SpaceX Crew Dragon is seen from the International Space Station during the spacecraft's approach to the orbiting laboratory. Nasa TV / EPA
  • SpaceX Falcon 9 rocket carrying the company's Crew Dragon spacecraft launched from Launch Complex 39A on Nasa’s SpaceX Demo-2 mission to the International Space Station with Nasa astronauts Robert Behnken and Douglas Hurley onboard, at Nasa's Kennedy Space Centre in Florida. Nasa / AFP
    SpaceX Falcon 9 rocket carrying the company's Crew Dragon spacecraft launched from Launch Complex 39A on Nasa’s SpaceX Demo-2 mission to the International Space Station with Nasa astronauts Robert Behnken and Douglas Hurley onboard, at Nasa's Kennedy Space Centre in Florida. Nasa / AFP

To today’s young people, the Apollo programme is ancient history. It was all over long before they were ever born. Of the 12 men who walked on the moon, only three are still living. We could be nearing a time when no human has a first-hand memory of standing on another world.

Along with millions of others, I would be saddened if human exploration of deep space faded into history.

Mars is a more alluring target than the Moon, albeit more remote. I hope that some people alive today will walk on the red planet’s surface – as an adventure, and as a step towards the stars.

Nasa’s Space Shuttle, when it was operational, was launched more than 130 times. Its two crashes were national traumas because it had been promoted unwisely as a safe vehicle for civilians (and because a schoolteacher, Christa McAuliffe, was one of the casualties). Test pilots and adventurers would readily accept much more risk than the two per cent implicit in the experience of the Space Shuttle programme.

China has the resources, the dirigisme and maybe even the willingness to undertake an Apollo-style programme. It already achieved a "first" by landing on the far side of the Moon, and will surely follow this up with a manned Lunar base. But a clearer-cut "great leap forward" in Chinese space exploration would involve footprints on Mars, not just on the Moon.

Looking further ahead, the UAE envisages that, by 2117, there could be a real "city" on Mars, and it is welcome to have this inspirational goal to inspire interest among the next generation and inspire innovation in the region.

I think the future of manned spaceflight also lies with privately funded adventurers who are prepared to participate in a cut-price programme far riskier than the kind Nasa has been able to impose upon its astronauts thus far.

The phrase “space tourism” should be avoided. It lulls people into believing that such ventures are genuinely safe. And if that is the perception, the inevitable accidents will be as traumatic as those of the Shuttle. These exploits must be sold, so to speak, as dangerous sports, or intrepid exploration.

So I hope that adventurers and thrill-seekers later this century might establish a fragile base on Mars. But do not ever expect mass emigration from Earth. And here I disagree with Mr Musk and with my late Cambridge colleague Stephen Hawking, who enthuse about a rapid build-up of large-scale Martian communities.

Space does not offer an escape from all of Earth’s problems. We have got to solve these here. Coping with climate change may seem daunting, but it is simple compared to terraforming Mars. No place in our solar system offers an environment as clement as even the Antarctic, or the top of Everest. There is no “Planet B” for ordinary, risk-averse people. We must cherish our Earthly home and our global heritage – but continue to seek inspiration from the stars.

Martin Rees is the UK’s Astronomer Royal and the author of On the Future: Prospects for Humanity

Section 375

Cast: Akshaye Khanna, Richa Chadha, Meera Chopra & Rahul Bhat

Director: Ajay Bahl

Producers: Kumar Mangat Pathak, Abhishek Pathak & SCIPL

Rating: 3.5/5

COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

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England World Cup squad

Eoin Morgan (capt), Moeen Ali, Jofra Archer, Jonny Bairstow, Jos Buttler (wkt), Tom Curran, Liam Dawson, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, James Vince, Chris Woakes, Mark Wood

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

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.”

Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.