Sarah Al Amiri, Minister for Advanced Technology and chairwoman of the UAE Space Agency. Christopher Pike / Reuters
Sarah Al Amiri, Minister for Advanced Technology and chairwoman of the UAE Space Agency. Christopher Pike / Reuters
Sarah Al Amiri, Minister for Advanced Technology and chairwoman of the UAE Space Agency. Christopher Pike / Reuters
Sarah Al Amiri, Minister for Advanced Technology and chairwoman of the UAE Space Agency. Christopher Pike / Reuters

Sheikh Mohammed bin Rashid praises Sarah Al Amiri after inclusion on Time100 list


Gillian Duncan
  • English
  • Arabic

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has congratulated Sarah Al Amiri for being included in a Time magazine list that honours change-makers.

Sheikh Mohammed tweeted the praise after the UAE Minister of State for Advanced Technology was named on the Time100 Impact Awards list.

The award recognises people who have “done extraordinary work to shape the future of their industries and the world at large”.

“The daughter of the Emirates ... and my daughter ... Sarah Al Amiri ...” wrote Sheikh Mohammed in Arabic.

“Among the 100 most influential figures in 2022, according to Time international magazine ... We are proud of our young men and women who have distinguished themselves nationally and globally.”

Ms Al Amiri, chairwoman of UAE Space Agency, oversaw the country’s mission to Mars in 2021.

She began her career a decade ago, building satellites after graduating in 2009 from the American University of Sharjah with a bachelor’s degree in computer engineering.

In 2009, she was hired by the Mohammed bin Rashid Space Centre – then called the Emirates Institution for Advanced Science and Technology – to work on the UAE’s first satellite, DubaiSat-1.

Since then, Ms Al Amiri has held many titles, including manager of space science section at the space centre, and she is chairwoman of UAE Council of Scientists.

In a Cabinet reshuffle in 2017, she was appointed as the Minister of State for Advanced Sciences.

She became the chairwoman of the federal agency that manages and supervises the nation’s space sector in 2020.

She was also named Minister of State for Advanced Technology that year.

Martian moon captured by Hope probe - in pictures

  • The UAE’s Hope probe has captured a striking image of Phobos, the largest Martian moon, here seen in front of the Red Planet. Andrea Luck / Hope Mars Mission
    The UAE’s Hope probe has captured a striking image of Phobos, the largest Martian moon, here seen in front of the Red Planet. Andrea Luck / Hope Mars Mission
  • Here, Phobos is clearly visible above the Martian surface. Photo: Jason Major / Hope Mars Mission
    Here, Phobos is clearly visible above the Martian surface. Photo: Jason Major / Hope Mars Mission
  • Phobos, which got its name from Greek mythology, circles the planet only 6,000 kilometres above the surface. Photo: Jason Major / Hope Mars Mission
    Phobos, which got its name from Greek mythology, circles the planet only 6,000 kilometres above the surface. Photo: Jason Major / Hope Mars Mission
  • Hope's high-resolution camera, called the eXploration imager instrument, allows space enthusiasts to create stunning images of the planet. Photo: Andre Luck / Hope Mars Mission
    Hope's high-resolution camera, called the eXploration imager instrument, allows space enthusiasts to create stunning images of the planet. Photo: Andre Luck / Hope Mars Mission
  • A close-up view of Olympus Mons, the largest and tallest mountain in the solar system, and the Tharsis Montes region. This image was processed by Dr Dimitra Atri of NYUAD using Hope probe's raw data. Photo: Dr Dimitra Atri / Hope Mars Mission
    A close-up view of Olympus Mons, the largest and tallest mountain in the solar system, and the Tharsis Montes region. This image was processed by Dr Dimitra Atri of NYUAD using Hope probe's raw data. Photo: Dr Dimitra Atri / Hope Mars Mission

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.”

TOUR RESULTS AND FIXTURES

June 3: NZ Provincial Barbarians 7 Lions 13
June 7: Blues 22 Lions 16
June 10: Crusaders 3 Lions 12
June 13: Highlanders 23 Lions 22
June 17: Maori All Blacks 10 Lions 32
June 20: Chiefs 6 Lions 34
June 24: New Zealand 30 Lions 15 (First Test)
June 27: Hurricanes 31 Lions 31
July 1: New Zealand 21 Lions 24 (Second Test)
July 8: New Zealand v Lions (Third Test) - kick-off 11.30am (UAE)

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

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The drill

Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.

Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”

Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”

Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.” 

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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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

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GREATEST ROYAL RUMBLE CARD

The line-up as it stands for the Greatest Royal Rumble in Saudi Arabia on April 27

50-man Royal Rumble

Universal Championship
Brock Lesnar (champion) v Roman Reigns

Casket match
The Undertaker v Rusev

Intercontinental Championship
Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

SmackDown Tag Team Championship
The Bludgeon Brothers v The Usos

Raw Tag Team Championship
Sheamus and Cesaro v Bray Wyatt and Matt Hardy

United States Championship
Jeff Hardy (champion) v Jinder Mahal

Singles match
Triple H v John Cena

To be confirmed
AJ Styles will defend his WWE World Heavyweight title and Cedric Alexander his Cruiserweight Championship, but matches have yet to be announced

The years Ramadan fell in May

1987

1954

1921

1888

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
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Seemar’s top six for the Dubai World Cup Carnival:

1. Reynaldothewizard
2. North America
3. Raven’s Corner
4. Hawkesbury
5. New Maharajah
6. Secret Ambition

Updated: March 26, 2022, 8:49 AM