Nasa has captured images of a rocket impact site on the Moon that created two large craters on the surface.
The impact occurred on March 4 and is the incident that astronomers had revealed would happen after spotting a rocket booster headed towards the Moon.
Data analyst Bill Gray was the first to discover the booster late last year and initially identified it as a SpaceX rocket on his blog.
He then corrected his post to say that it was a remnant from China’s Long March 3c rocket that launched the Chang’e 5-T1 lunar robotic spacecraft in 2014.
China denied ownership of the rocket, but Nasa disagreed.
“The booster used to launch Chang'e 5-T1 went into a highly elliptical Earth orbit after launch,” Nasa said on its website.

After Nasa’s Lunar Reconnaissance Orbiter photographed the collision site, the space agency referred to the crashed object only as the “mystery rocket”.
It created two craters, an eastern crater with a diameter of 18 metres and a western crater that measures 16m in diameter.
“The double crater was unexpected and may indicate that the rocket body had large masses at each end,” the US space agency said on its website on June 24.
“Typically, a spent rocket has mass concentrated at the motor end; the rest of the rocket stage mainly consists of an empty fuel tank. Since the origin of the rocket body remains uncertain, the double nature of the crater may indicate its identity".
“No other rocket body impacts on the Moon created double craters.”
Nasa said the width of both new craters combined were nearly as big as the individual ones left behind by some of the Apollo missions.
Nasa in the late 1960s and early 1970s used to deliberately crash its Apollo Saturn rocket boosters into the lunar surface. This was so the space agency could create moonquakes for seismometers and study the impact.

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Company name: Farmin
Date started: March 2019
Founder: Dr Ali Al Hammadi
Based: Abu Dhabi
Sector: AgriTech
Initial investment: None to date
Partners/Incubators: UAE Space Agency/Krypto Labs
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Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
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Information: www.emirateslitfest.com
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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.”


