• A team of Emirati engineers have developed the UAE's lunar mission. They are pictured with the Rashid rover at the Mohammed bin Rashid Space Centre. Photo: MBRSC
    A team of Emirati engineers have developed the UAE's lunar mission. They are pictured with the Rashid rover at the Mohammed bin Rashid Space Centre. Photo: MBRSC
  • Emirati engineers carry the Rashid rover inside a clean room at the space centre. Photo: MBRSC
    Emirati engineers carry the Rashid rover inside a clean room at the space centre. Photo: MBRSC
  • Emirati astronaut Sultan Al Neyadi, right, wears a SpaceX suit as he sits with fellow astronauts in a Dragon Crew Capsule during training for the Crew-6 mission next spring. Photo: Nasa / SpaceX
    Emirati astronaut Sultan Al Neyadi, right, wears a SpaceX suit as he sits with fellow astronauts in a Dragon Crew Capsule during training for the Crew-6 mission next spring. Photo: Nasa / SpaceX
  • UAE astronaut Sultan Al Neyadi, right, in his SpaceX astronaut suit with fellow crew members, from left, Andrey Fedyaev, William Hoburg and Stephen Bowen. Photo: Nasa / SpaceX
    UAE astronaut Sultan Al Neyadi, right, in his SpaceX astronaut suit with fellow crew members, from left, Andrey Fedyaev, William Hoburg and Stephen Bowen. Photo: Nasa / SpaceX
  • The UAE's first two astronauts Hazza Al Mansouri and Sultan Al Neyadi after they graduated from Nasa's basic training programme. Photo: MBRSC
    The UAE's first two astronauts Hazza Al Mansouri and Sultan Al Neyadi after they graduated from Nasa's basic training programme. Photo: MBRSC
  • Engineers at the Mohammed Bin Rashid Space Centre work on the MBZ-Sat, the most advanced satellite in the region in the field of high-resolution imagery, which is due to be launched in 2023. Photo: Dubai Media Office
    Engineers at the Mohammed Bin Rashid Space Centre work on the MBZ-Sat, the most advanced satellite in the region in the field of high-resolution imagery, which is due to be launched in 2023. Photo: Dubai Media Office
  • Mohammed bin Rashid Space Centre engineers with the MBZ-Sat satellite. Photo: Dubai Media Office
    Mohammed bin Rashid Space Centre engineers with the MBZ-Sat satellite. Photo: Dubai Media Office
  • The PHI-Demo satellite developed at the space centre. Photo: MBRSC
    The PHI-Demo satellite developed at the space centre. Photo: MBRSC

UAE’s space exploration to reach new heights in 2023


Sarwat Nasir
  • English
  • Arabic

From landing a rover on the Moon to sending an Emirati astronaut for a six-month trip to the space station, 2023 is set to be the UAE’s busiest year for space exploration.

The Emirates will etch its name in history books many times next year if its space missions go as planned.

Astronaut Sultan Al Neyadi will take on the Arab world’s first long-duration mission, while the Rashid rover could become the first Arab spacecraft to reach the Moon.

The impending missions follow a string of achievements by the UAE, including reaching Mars with its Hope probe in 2021 and launching Hazza Al Mansouri, the first Emirati astronaut, into space in 2019.

But a number of advanced missions are lined up to take place in the same year for the first time, all being carried out by the Mohammed bin Rashid Space Centre (MBRSC).

The National looks at the UAE space missions planned for 2023.

Rashid rover to reach lunar surface

The 10-kilogram rover is scheduled for launch in November from Cape Canaveral in Florida.

It will sit inside a Japanese lunar lander, called Hakuto-R Mission 1, and together the spacecraft will blast off aboard a SpaceX Falcon 9 rocket.

Once in space, the journey to the Moon will take approximately three months.

In early 2023, Hakuto-R Mission 1 will attempt to land on the Moon.

If successful, the rover will then descend on to the lunar surface, climbing down a ramp built on to the lander using its four wheels.

If things go as planned, the UAE would become the first Arab country to reach the Moon.

Emirati astronaut heading for International Space Station

Dr Al Neyadi, 41, will become the first Arab astronaut to fly in a SpaceX Falcon 9 rocket. He will ride the Crew Dragon Capsule to the International Space Station next spring for a six-month stay.

The former IT professional and his SpaceX Crew-6 colleagues have been busy training in Houston, Florida and California.

They are learning how to operate the capsule, so they can safely fly to the orbiting science laboratory.

Dr Al Neyadi served as a backup astronaut for the UAE’s first space mission when Maj Al Mansouri blasted off on Russian Soyuz rocket for an eight-day trip to the ISS.

This latest mission is the first long-duration space mission by an Arab country and could feature the first spacewalk by an Arab astronaut.

MBZ-Sat

A model of the MBZ-Sat, the second satellite to be designed and built entirely by Emirati engineers. Photo: MBRSC
A model of the MBZ-Sat, the second satellite to be designed and built entirely by Emirati engineers. Photo: MBRSC

Late next year, the UAE hopes to launch MBZ-Sat, the region’s most powerful advanced-imaging satellite.

The 800-kilogram satellite will be carried into orbit on a SpaceX ride-sharing mission on board a Falcon 9 rocket in 2023. It has been named after President Sheikh Mohamed.

MBRSC is working with five private companies in the UAE to manufacture the satellite, including aerospace company Strata, engineering solutions company EPI, management consultancy Rockford Xellerix, Halcon, a company that makes precision-guided systems and Falcon Group, an inventory management company.

The UAE hopes to support the local space industry through this mission, with 90 per cent of the mechanical and 50 per cent of the electronic modules for MBZ-Sat built in the Emirates.

This is the second Earth-observation satellite to be built entirely by Emirati engineers. The first was KhalifaSat, which has been in operation since 2018.

Payload Hosting Initiative satellite

The PHI-Demo satellite. Photo: MBRSC
The PHI-Demo satellite. Photo: MBRSC

A small demo satellite with unique payloads is also scheduled for launch next year.

It is being developed under the Payload Hosting Initiative, a platform by the United Nations Office for Outer Space Affairs that offers start-ups and developing space nations opportunities in space.

Engineers at the MBRSC have constructed the PHI-Demo satellite and two private companies have added their payloads.

One of the payloads on the 20-kilogram demo satellite is a propulsion subsystem that uses water to fuel the spacecraft.

Built by UK-based company SteamJet Space Systems, the technology offers a greener and more sustainable use of space.

OQ Technology, a company in the US that hopes to build a global satellite constellation dedicated to 5G, has built the other payload.

It includes an Internet of Things communication system that stores and forwards collected data from IoT devices in remote areas, industries and autonomous vehicles using 5G technology.

A second satellite, PHI-1, will be built in partnership with the UN’s space office.

The five new places of worship

Church of South Indian Parish

St Andrew's Church Mussaffah branch

St Andrew's Church Al Ain branch

St John's Baptist Church, Ruwais

Church of the Virgin Mary and St Paul the Apostle, Ruwais

 

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

THE BIO

Ambition: To create awareness among young about people with disabilities and make the world a more inclusive place

Job Title: Human resources administrator, Expo 2020 Dubai

First jobs: Co-ordinator with Magrudy Enterprises; HR coordinator at Jumeirah Group

Entrepreneur: Started his own graphic design business

Favourite singer: Avril Lavigne

Favourite travel destination: Germany and Saudi Arabia

Family: Six sisters

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Brief scores:

Manchester United 4

Young 13', Mata 28', Lukaku 42', Rashford 82'

Fulham 1

Kamara 67' (pen),

Red card: Anguissa (68')

Man of the match: Juan Mata (Man Utd)

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

UAE currency: the story behind the money in your pockets
Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”

SPEC%20SHEET
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M2%2C%208-core%20GPU%2C%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.3-inch%20Retina%2C%202560%20x%201600%2C%20227ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%20(2)%2C%203.5mm%20audio%3B%20Touch%20Bar%20with%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206%2C%20Bluetooth%205.0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2058.2Wh%20lithium-polymer%2C%20up%20to%2020%20hours%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%20720p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20HDR%20with%20Dolby%20Vision%2C%20HDR10%2C%20ProRes%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%20Stereo%20speakers%20with%20HDR%2C%20wide%20stereo%2C%20Spatial%20Audio%20support%2C%20Dolby%20support%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Pro%2C%2067W%20power%20adapter%2C%20USB-C%20cable%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh5%2C499%3C%2Fp%3E%0A

Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
 

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BACK%20TO%20ALEXANDRIA
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ETamer%20Ruggli%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENadine%20Labaki%2C%20Fanny%20Ardant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A
Mica

Director: Ismael Ferroukhi

Stars: Zakaria Inan, Sabrina Ouazani

3 stars

'Panga'

Directed by Ashwiny Iyer Tiwari

Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta

Rating: 3.5/5

The line up

Friday: Giggs, Sho Madjozi and Masego  

Saturday: Nas, Lion Bbae, Roxanne Shante and DaniLeigh  

Sole DXB runs from December 6 to 8 at Dubai Design District. Weekend pass is Dh295 while a one day pass is Dh195. Tickets are available from www.soledxb.com

Company profile: buybackbazaar.com

Name: buybackbazaar.com

Started: January 2018

Founder(s): Pishu Ganglani and Ricky Husaini

Based: Dubai

Sector: FinTech, micro finance

Initial investment: $1 million

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

Sunday's games

All times UAE:

Tottenham Hotspur v Crystal Palace, 4pm

Manchester City v Arsenal, 6.15pm

Everton v Watford, 8.30pm

Chelsea v Manchester United, 8.30pm

Score

New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs 

New Zealand win by 47 runs

New Zealand lead three-match ODI series 1-0

Next match: Zayed Cricket Stadium, Abu Dhabi, Friday

The specs: 2018 Peugeot 5008

Price, base / as tested: Dh99,900 / Dh134,900

Engine: 1.6-litre turbocharged four-cylinder

Transmission: Six-speed automatic

Power: 165hp @ 6,000rpm

Torque: 240Nm @ 1,400rpm

Fuel economy, combined: 5.8L / 100km

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

Results

2.30pm: Expo 2020 Dubai – Conditions (PA) Dh80,000 (Dirt) 1,600m; Winner: Barakka, Ray Dawson (jockey), Ahmad bin Harmash (trainer)

3.05pm: Now Or Never – Maiden (TB) Dh82,500 (Turf) 1,600m; Winner: One Idea, Andrea Atzeni, Doug Watson

3.40pm: This Is Our Time – Handicap (TB) Dh82,500 (D) 1,600m; Winner: Perfect Balance, Tadhg O’Shea, Bhupat Seemar

4.15pm: Visit Expo 2020 – Handicap (TB) Dh87,500 (T) 1,600m; Winner: Kaheall, Richard Mullen, Salem bin Ghadayer

4.50pm: The World In One Place – Handicap (TB) Dh95,000 (T) 1.900m; Winner: Castlebar, Adrie de Vries, Helal Al Alawi

5.25pm: Vision – Handicap (TB) Dh95,000 (D) 1,200m; Winner: Shanty Star, Richard Mullen, Rashed Bouresly

6pm: Al Wasl Plaza – Handicap (TB) Dh95,000 (T) 1,200m; Winner: Jadwal, Dane O’Neill, Doug Watson

Updated: August 23, 2022, 5:06 AM