The rocket carrying the UAE's Hope probe blasts off from Japan in 2020. Now the UAE and the Philippines are looking at ways to team up in space exploration. Photo: AFP
The rocket carrying the UAE's Hope probe blasts off from Japan in 2020. Now the UAE and the Philippines are looking at ways to team up in space exploration. Photo: AFP
The rocket carrying the UAE's Hope probe blasts off from Japan in 2020. Now the UAE and the Philippines are looking at ways to team up in space exploration. Photo: AFP
The rocket carrying the UAE's Hope probe blasts off from Japan in 2020. Now the UAE and the Philippines are looking at ways to team up in space exploration. Photo: AFP

A new frontier: UAE and Philippines could team up in space sector


  • English
  • Arabic

The UAE and the Philippines are exploring collaboration in the space sector, state news agency Wam reported.

Officials from the UAE Space Agency met the Philippines' ambassador to the UAE, Hjayceelyn Quintana, along with a delegation from the country's space authority on Sunday to consider areas of co-operation.

Both nations have ambitious national road maps for space exploration.

Developing a space sector can help to create highly skilled local talent, build industries and grow a knowledge-based economy.

Ibrahim Al Qasim, space science adviser at the UAE Space Agency, with Hjayceelyn Quintana, Philippines ambassador to the UAE. Photo: Wam
Ibrahim Al Qasim, space science adviser at the UAE Space Agency, with Hjayceelyn Quintana, Philippines ambassador to the UAE. Photo: Wam

"Space sector collaborations are essential for both the UAE and the Philippines," said Ibrahim Al Qasim, space science adviser at the UAE Space Agency.

"As our two countries accelerate the growth and increase investments into this exciting yet nascent industry, there will be many opportunities to collaborate and share knowledge and ideas as we work together to create new avenues for space-based innovation."

Ms Quintana said teaming up in the flourishing space sector would be an appropriate way to mark the 47-year bilateral relationship between the countries.

"What better way to commemorate the 47th anniversary of our important diplomatic relations than by bringing together our space agencies to meet, share knowledge and expertise and discover what we can achieve together," said Ms Quintana.

  • An artist's impression of the UAE's lunar rover called Rashid.
    An artist's impression of the UAE's lunar rover called Rashid.
  • Dr Hamad Al Marzooqi, project manager of the Emirates Lunar Mission at the Mohammed bin Rashid Space Centre. Chris Whiteoak / The National
    Dr Hamad Al Marzooqi, project manager of the Emirates Lunar Mission at the Mohammed bin Rashid Space Centre. Chris Whiteoak / The National
  • An artist's impression of iSpace's Hakuto-Reboot lunar lander. It will carry UAE's Rashid rover to the surface of the Moon in 2022.
    An artist's impression of iSpace's Hakuto-Reboot lunar lander. It will carry UAE's Rashid rover to the surface of the Moon in 2022.
  • The UAE aims to land the Rashid rover on the near side of the Moon due to its smoother surface.
    The UAE aims to land the Rashid rover on the near side of the Moon due to its smoother surface.
  • The far side of the Moon remains largely unexplored, but Nasa is turning its focus back to the lunar surface.
    The far side of the Moon remains largely unexplored, but Nasa is turning its focus back to the lunar surface.
  • The HAKUTO-R lander, which will deliver the UAE's Rashid rover to the lunar surface in 2022, is now in final stages of assembly.
    The HAKUTO-R lander, which will deliver the UAE's Rashid rover to the lunar surface in 2022, is now in final stages of assembly.
  • The ispace team completed the assembly of the lander's structure thermal model in April. Courtesy: ispace
    The ispace team completed the assembly of the lander's structure thermal model in April. Courtesy: ispace
  • The final assembly of the lander is being carried out in co-operation with the Ariane Group GmbH at the Ariane Group facility in Lampoldshausen, Germany. Courtesy: ispace
    The final assembly of the lander is being carried out in co-operation with the Ariane Group GmbH at the Ariane Group facility in Lampoldshausen, Germany. Courtesy: ispace
  • Using a lander and rocket that is already available helps Emirati engineers and scientists get quicker and easier access to space. Courtesy: ispace
    Using a lander and rocket that is already available helps Emirati engineers and scientists get quicker and easier access to space. Courtesy: ispace
  • The initial concept design of the Rashid rover. Courtesy: MBRSC
    The initial concept design of the Rashid rover. Courtesy: MBRSC
  • Rashid rover's thermal imager will analyse the Moon's properties through thermal energy. Courtesy: MBRSC
    Rashid rover's thermal imager will analyse the Moon's properties through thermal energy. Courtesy: MBRSC
  • The Langmuir probes on the rover will analyse the lunar surface charge and electric fields. Courtesy: MBRSC
    The Langmuir probes on the rover will analyse the lunar surface charge and electric fields. Courtesy: MBRSC
  • One of the rover's two high-resolution optical imagers that will take photos of the Moon. Courtesy: MBRSC
    One of the rover's two high-resolution optical imagers that will take photos of the Moon. Courtesy: MBRSC

"I consider it a distinct honour to be a part of this historic inaugural meeting to chart a new frontier in our strategic partnership, which, like space, is of limitless possibilities."

It comes as the UAE's space programme is advancing. The Arab world’s first lunar rover, Rashid, is set to land on the Moon in 2022.

The lunar project follows the UAE's ambitious Hope mission, in which the Emirates became the first Arab country to send a probe to Mars.

Hope started orbiting Mars in February and is conducting crucial experiments on the Red Planet.

The UAE also has 12 satellites in orbit, with another six in development.

The Philippines is also building a space programme. Authorities unified the country's space agency in 2019 and it has several satellites in orbit.


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: 2019 Audi A8

Price From Dh390,000

Engine 3.0L V6 turbo

Gearbox Eight-speed automatic

Power 345hp @ 5,000rpm

Torque 500Nm @ 1,370rpm

Fuel economy, combined 7.5L / 100km

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

BUNDESLIGA FIXTURES

Saturday, May 16 (kick-offs UAE time)

Borussia Dortmund v Schalke (4.30pm) 
RB Leipzig v Freiburg (4.30pm) 
Hoffenheim v Hertha Berlin (4.30pm) 
Fortuna Dusseldorf v Paderborn  (4.30pm) 
Augsburg v Wolfsburg (4.30pm) 
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)

Sunday, May 17

Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)

Monday, May 18

Werder Bremen v Bayer Leverkusen (9.30pm)

The specs: 2017 Dodge Viper SRT

Price, base / as tested Dh460,000

Engine 8.4L V10

Transmission Six-speed manual

Power 645hp @ 6,200rpm

Torque 813Nm @ 5,000rpm

Fuel economy, combined 16.8L / 100km

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

Updated: August 23, 2021, 6:11 AM