The UAE Space Agency has held discussions with Nasa about sending astronauts back to the Moon's surface within this decade.
The two agencies discussed the Artemis programme, human spaceflight, climate change research and planetary science.
Sarah Al Amiri, Minister of State for Advanced Sciences and chairwoman of the UAE Space Agency, met Nasa’s deputy administrator Pam Melroy on the sidelines of a major space conference in Dubai on Tuesday.
“It was an honour to meet with Sarah Al Amiri and leaders from the UAE Space Agency and the Mohammed bin Rashid Space Centre, our hosts for the International Astronautical Congress,” Ms Melroy said.
It was an honour to meet with Sarah Al Amiri and leaders from the UAE Space Agency and the Mohammed bin Rashid Space Centre, our hosts for the International Astronautical Congress
Pam Melroy,
Nasa
“We discussed human space flight, climate change research, Nasa’s Artemis, planetary science and the future.”
UAE astronauts have previously expressed an interest in joining the Artemis programme.
Nora Al Matrooshi, the first Arab female astronaut, and Mohammed Al Mulla said they were keen on becoming part of the programme at a press conference earlier this year.
Through the Artemis programme, Nasa aims to send the first woman and next man to the lunar surface by 2024.
The long-term plan is to build a lunar-orbiting space station, called Lunar Gateway, and use the Moon as a base, so the first astronauts can go to Mars from there.
Nasa hopes to launch a flight without crew to the Moon in February, sending its Orion spacecraft aboard the Space Launch System — one of the world’s most powerful rockets — around the lunar orbit.
The UAE has expanded its partnership with Nasa in the past few years. It signed the Artemis Accords for responsible lunar exploration last year and an agreement on training four Emirati astronauts at Nasa’s space centre in Houston.
Mike Gold, the former acting associate administrator for Nasa's Office of International and Interagency Relations, told The National then in an exclusive interview that the UAE’s signing of the accords would pave the way for sending the first Emirati to the Moon.
“The UAE can, and we hope will, become a strong and robust partner in the Artemis programme,” said Mr Gold, referring to the project that seeks to establish a human base on the Moon.
“We look forward to collaborating not only on lunar rovers, but on other forms of science and orbiters, and eventually human space flight as well. The UAE is not only ambitious, but it follows ambitions with funding and actions, which is why they are such an excellent partner for us to join in this unprecedented journey of discovery.”
Nasa’s Artemis programme and the Lunar Gateway have attracted many international partnerships.
A Canadian astronaut is part of the Artemis 2 flight, which would be the first flight that returns a man and the first woman to lunar orbit since the Apollo missions.
The European Space Agency is building the International Habitation module for the gateway, while Japan has agreed to provide life support capabilities and additional space for crew on the module.
Apart from sending Emirati astronauts to the Moon, there are also opportunities for the UAE to enhance its engineering capabilities under the Artemis programme.
The International Astronautical Congress is taking place at the Dubai World Trade Centre until October 29.
Heads of space agencies, policymakers and private space companies are attending the event, which is being hosted by an Arab country for the first time since it began in 1950.
The UAE Space Agency also held meetings with the Indian Space Agency, Brazil and Luxembourg on Tuesday.
UAE astronauts at Expo's Space Week: in pictures
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.”
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India squad for third Test against Sri Lanka
Virat Kohli (capt), Murali Vijay, Lokesh Rahul, Shikhar Dhawan, Cheteshwar Pujara, Ajinkya Rahane, Rohit Sharma, Wriddhiman Saha, Ravichandran Ashwin, Ravindra Jadeja, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Vijay Shankar
India squad for ODI series against Sri Lanka
Rohit Sharma (capt), Shikhar Dhawan, Ajinkya Rahane, Shreyas Iyer, Manish Pandey, Kedar Jadhav, Dinesh Karthik, Mahendra Singh Dhoni, Hardik Pandya, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Jasprit Bumrah, Bhuvneshwar Kumar, Siddarth Kaul
Wayne Rooney's career
Everton (2002-2004)
- Appearances: 48
- Goals: 17
Manchester United (2004-2017)
- Appearances: 496
- Goals: 253
England (2003-)
- Appearances: 119
- Goals: 53
The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km