Russia’s planned space station 'will create more opportunities for UAE'


Sarwat Nasir
  • English
  • Arabic

Russia’s plan to build an independent space station in low-Earth orbit will help create more opportunities for the UAE, an Emirati space chief has said.

Last month, Russia announced plans to quit the International Space Station and build its own, with hopes that the first phase would be completed within this decade.

Salem Al Marri, director general of the Mohammed bin Rashid Space Centre (MBRSC), told The National that the UAE would benefit from more space stations, as it looks to spearhead more human spaceflights in future.

The country has already launched its first Emirati astronaut Hazza Al Mansouri to the ISS in 2019, on a Soyuz rocket for an eight-day trip.

Next spring, a SpaceX rocket will launch Sultan Al Neyadi into space for a six-month stay on the floating science laboratory.

“I think Russia has always been committed to the ISS until 2024 and what I’ve seen recently is that they’ve reiterated that commitment and it could even go to 2025 or 2026,” he said.

“I think they will make sure that they’re still on the ISS until they launch their new station.

“I think it’s good. The more stations you have, the more opportunities for a country like us.

“We’re not building a space station, rockets or capsules to send astronauts any time soon. It's a humongous budget and significant technical challenge.”

A new era of space travel

Space agencies are preparing for a future without the ISS, which is likely to be retired at the end of this decade.

Operating for more than 20 years, it is a joint project by Nasa, Russia, the European Space Agency, Japan’s space agency Jaxa and the Canadian Space Agency.

Moscow hopes to launch the first module of the new Russian Orbital Service Station by 2028 — two years before US space agency Nasa plans to retire its segment on the ISS.

Meanwhile, private companies in the US are looking to commercialise low-Earth orbit and build space stations that would offer access to government astronauts.

Blue Origin, Axiom and Nanoracks are some companies that have announced plans of building a station.

Mr Al Marri said they are tracking the progress these companies are making, as the UAE also prepares for a future without the ISS.

“We're looking very closely at what they're doing,” he said.

“Another element that we’re looking at are commercial players like SpaceX and their plans to go to the Moon. They’ve got ideas with Starship.

“And we're also looking at what Nasa and other partners are doing, and how can we be part of that.”

The UAE also held discussions with Nasa on the Artemis programme, which aims to build a sustainable human presence on the Moon.

China is building its Tiangong Space Station in low-Earth orbit, with Chinese astronauts already living on board.

Mr Al Marri said the UAE has not held any conversations with China on sending Emirati astronauts to its space station, but it is open to working with them.

“We haven't spoken to China about human spaceflight,” he said.

Emirati astronauts are mission-ready

“The UAE has agreements with many countries, and we are open to work with anybody.

“Whoever meets the national objectives of the UAE, in terms of giving opportunities to go to space, doing unique things, if China can provide that as well, those discussions would happen. We're open to it.”

The UAE has four Emiratis in its astronauts corps, including Nora Al Matrooshi, the first female Arab astronaut.

Ms Al Matrooshi, a former mechanical engineer, and helicopter pilot Mohammed Al Mulla are currently participating in Nasa's basic astronaut training programme.

Once they graduate, they will be eligible for future US-led space missions.

Dr Al Neyadi and Maj Al Mansouri graduated this year.

"We have an astronaut corps that is fully trained for all kinds of missions," Mr Al Marri said.

"They're continuously training, whether it's in Russia, Japan, Canada, Europe, and in the US. The only place they haven't trained in is in China."

UAE's newest astronauts begin training on supersonic jets - in pictures

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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

'Cheb%20Khaled'
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Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

RESULTS

2.15pm Maiden (PA) Dh40,000 (Dirt) 1,200m

Winner Shawall, Abdul Aziz Al Balushi (jockey), Majed Al Jahouri (trainer)

2.45pm Handicap (PA) Dh40,000 (D) 1,200m

Winner Anna Bella Aa, Fabrice Veron, Abdelkhir Adam

3.15pm Handicap (PA) Dh40,000 (D) 1,200m

Winner AF Thayer, Tadhg O’Shea, Ernst Oertel

3.45pm Handicap (PA) Dh40,000 (D) 1,700m

Winner Taajer, Fabrice Veron, Eric Lemartinel

4.15pm The Ruler of Sharjah Cup – Prestige (PA) Dh250,000 (D) 1,700m

Winner Jawaal, Jim Crowley, Majed Al Jahouri

4.45pm Handicap (TB) Dh40,000 (D) 2,000m

Winner Maqaadeer, Jim Crowley, Doug Watson

UAE SQUAD

Omar Abdulrahman (Al Hilal), Ali Khaseif, Ali Mabkhout, Salem Rashed, Khalifa Al Hammadi, Khalfan Mubarak, Zayed Al Ameri, Mohammed Al Attas (Al Jazira), Khalid Essa, Ahmed Barman, Ryan Yaslam, Bandar Al Ahbabi (Al Ain), Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmin (Al Wasl), Adel Al Hosani, Ali Hassan Saleh, Majed Suroor (Sharjah), Ahmed Khalil, Walid Abbas, Majed Hassan, Ismail Al Hammadi (Shabab Al Ahli), Hassan Al Muharrami, Fahad Al Dhahani (Bani Yas), Mohammed Al Shaker (Ajman)

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

RESULT

Liverpool 4 Southampton 0
Jota (2', 32')
Thiago (37')
Van Dijk (52')

Man of the match: Diogo Jota (Liverpool)

ALRAWABI%20SCHOOL%20FOR%20GIRLS
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Abu Dhabi World Pro 2019 remaining schedule:

Wednesday April 24: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-6pm

Thursday April 25:  Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-5pm

Friday April 26: Finals, 3-6pm

Saturday April 27: Awards ceremony, 4pm and 8pm

SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
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SPECS
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Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

COMPANY%20PROFILE%20
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Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

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 Case For Trump

By Victor Davis Hanson
 

Champions League Last 16

 Red Bull Salzburg (AUT) v Bayern Munich (GER) 

Sporting Lisbon (POR) v Manchester City (ENG) 

Benfica (POR) v Ajax (NED) 

Chelsea (ENG) v Lille (FRA) 

Atletico Madrid (ESP) v Manchester United (ENG) 

Villarreal (ESP) v Juventus (ITA) 

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Paris Saint-Germain v Real Madrid (ESP)  

Updated: August 05, 2022, 4:48 AM