• The Hope probe was built by 150 Emirati engineers, researchers and scientists. Photo: Mohammed bin Rashid Space Centre
    The Hope probe was built by 150 Emirati engineers, researchers and scientists. Photo: Mohammed bin Rashid Space Centre
  • The first image of Mars taken by the UAE's Hope probe, which arrived at the Red Planet on February 9. EPA
    The first image of Mars taken by the UAE's Hope probe, which arrived at the Red Planet on February 9. EPA
  • Nora Al Matrooshi the first Arab woman to train as an astronaut. Photo: MBRSC
    Nora Al Matrooshi the first Arab woman to train as an astronaut. Photo: MBRSC
  • Hazza Al Mansouri, left, Nora Al Matrooshi, Mohammed Al Mulla and Sultan Al Neyadi together for the first time at Nasa's Johnson Space Centre in Houston. Photo: MBRSC
    Hazza Al Mansouri, left, Nora Al Matrooshi, Mohammed Al Mulla and Sultan Al Neyadi together for the first time at Nasa's Johnson Space Centre in Houston. Photo: MBRSC
  • Sarah al Amiri at the launch of a new project to explore the main asteroid belt, with a Venus fly-by, from 2028. Photo: Ministry of Presidential Affairs / Dubai Media Office
    Sarah al Amiri at the launch of a new project to explore the main asteroid belt, with a Venus fly-by, from 2028. Photo: Ministry of Presidential Affairs / Dubai Media Office
  • Ministers and VIPs listen as Sarah Al Amiri sets out details of the five-year mission. Photo: Ministry of Presidential Affairs / Dubai Media Office
    Ministers and VIPs listen as Sarah Al Amiri sets out details of the five-year mission. Photo: Ministry of Presidential Affairs / Dubai Media Office
  • The final prototype of the UAE's Rashid lunar rover. Photo: Mohammed bin Rashid Space Centre
    The final prototype of the UAE's Rashid lunar rover. Photo: Mohammed bin Rashid Space Centre
  • Emirati engineers test parts of the Rashid rover, which will be sent to the Moon in 2022. Photo: MBRSC
    Emirati engineers test parts of the Rashid rover, which will be sent to the Moon in 2022. Photo: MBRSC
  • Blue Origin's rocket New Shepard blasts off carrying Star Trek actor William Shatner, 90, on billionaire Jeff Bezos company's second suborbital tourism flight, October 13, 2021. Reuters
    Blue Origin's rocket New Shepard blasts off carrying Star Trek actor William Shatner, 90, on billionaire Jeff Bezos company's second suborbital tourism flight, October 13, 2021. Reuters
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai on a visit to the 72nd International Astronautical Congress at Dubai World Trade Centre on October 25, 2021. Sheikh Mohammed was accompanied, among others, by Emirati astronauts Hazza Al Mansouri, Sultan Al Neyadi and graduates from the second batch of the UAE Astronaut Programme, Nora Al Matrooshi and Mohammed Al Mulla. Wam
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai on a visit to the 72nd International Astronautical Congress at Dubai World Trade Centre on October 25, 2021. Sheikh Mohammed was accompanied, among others, by Emirati astronauts Hazza Al Mansouri, Sultan Al Neyadi and graduates from the second batch of the UAE Astronaut Programme, Nora Al Matrooshi and Mohammed Al Mulla. Wam
  • The opening ceremony for the International Astronautical Congress took place on October 25 at Dubai World Trade Centre. Photo: Dubai Media Office
    The opening ceremony for the International Astronautical Congress took place on October 25 at Dubai World Trade Centre. Photo: Dubai Media Office

Abu Dhabi Space Debate to define ‘dawn of new space age’


Sarwat Nasir
  • English
  • Arabic

A major space conference in Abu Dhabi next month will address the new geopolitics of space and challenges in the sector.

The Abu Dhabi Space Debate, to be held on December 5 and 6, will bring together world leaders, policy-makers, military leaders, heads of space agencies, scientists and engineers.

President Sheikh Mohamed and Israeli President Isaac Herzog will attend the conference in person, while Indian Prime Minister Narendra Modi will address the conference online.

The gathering comes at a time of landmark events in space, including mega-constellations of satellites that are crowding low-Earth orbit and countries increasingly looking to militarise space.

There are also concerns about whether enough regulations are in place as private companies try to commercialise low-Earth orbit and tap into the lunar economy.

The agenda and list of speakers were revealed at a press conference in Abu Dhabi on Thursday.

Sarah Al Amiri, Minister of State for Public Education and Advanced Technology and chairwoman of the UAE Space Agency, said during the briefing that “there is no doubt we are at the dawn of a new space age”.

Sarah Al Amiri, Minister of State for Public Education and Advanced Technology and chairwoman of the UAE Space Agency. Chris Whiteoak / The National
Sarah Al Amiri, Minister of State for Public Education and Advanced Technology and chairwoman of the UAE Space Agency. Chris Whiteoak / The National

“From two space-capable actors in the world in the 1960s, the Americans and the Soviets, we are now looking at a multilateral world where some 70 nations have space programmes, where private sector players are taking the roles of launch provider, space station builder, satellite funder ― roles previously only in the hands of governments,” she said.

“The challenges we face are inter-linked ― our internationally supported space legislation dates back in many instances to the 1960s, our institutions are not agile enough for today’s world of space capability.

“This is precisely why the Abu Dhabi Space Debate is vital to our development of the space sectors.”

There will also be a session on the space industry and Cop28, which will be held at Expo City Dubai next year.

An investigation into the role of space agreements, such as the Artemis Accords, will also take place.

The accords are a US-led international agreement that outlines responsible space exploration, especially of the Moon.

However, the agreement is not yet legally binding and most of it is a repetition of the UN’s Outer Space Treaty formed in 1967.

Omran Sharaf, Assistant Minister of Foreign Affairs and International Co-operation for Advanced Science and Technology, said there were huge challenges, from “the undermining of multilateralism by vested nationalistic interests through to the democratisation of space and its assets".

“We have to face the facts, we are not currently distributing access to space equally or fairly and we are not encouraging truly inclusive dialogue. Can we overcome this? I believe we can. Will it be simple or easy? I believe it will not,” he said.

The Abu Dhabi Space Debate will be held at the Adnoc Business Centre.

Which honey takes your fancy?

Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

Sidr Honey

The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest

Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Results

5pm: Wadi Nagab – Maiden (PA) Dh80,000 (Turf) 1,200m; Winner: Al Falaq, Antonio Fresu (jockey), Ahmed Al Shemaili (trainer)

5.30pm: Wadi Sidr – Handicap (PA) Dh80,000 (T) 1,200m; Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel

6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Fakhama, Fernando Jara, Mohamed Daggash

6.30pm: Wadi Shees – Handicap (PA) Dh80,000 (T) 2,200m; Winner: Mutaqadim, Antonio Fresu, Ibrahim Al Hadhrami

7pm: Arabian Triple Crown Round-1 – Listed (PA) Dh230,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami

7.30pm: Wadi Tayyibah – Maiden (TB) Dh80,000 (T) 1,600m; Winner: Poster Paint, Patrick Cosgrave, Bhupat Seemar

The specs

Engine: 4.0-litre V8

Power: 503hp at 6,000rpm

Torque: 685Nm at 2,000rpm

Transmission: 8-speed auto

Price: from Dh850,000

On sale: now

Company%20profile
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Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

Our legal consultant

Name: Hassan Mohsen Elhais

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

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
FIGHT CARD

From 5.30pm in the following order:

Featherweight

Marcelo Pontes (BRA) v Azouz Anwar (EGY)

Catchweight 90kg

Moustafa Rashid Nada (KSA) v Imad Al Howayeck (LEB)

Welterweight

Mohammed Al Khatib (JOR) v Gimbat Ismailov (RUS)

Flyweight (women)

Lucie Bertaud (FRA) v Kelig Pinson (BEL)

Lightweight

Alexandru Chitoran (BEL) v Regelo Enumerables Jr (PHI)

Catchweight 100kg

Mohamed Ali (EGY) v Marc Vleiger (NED)

Featherweight

James Bishop (AUS) v Mark Valerio (PHI)

Welterweight

Gerson Carvalho (BRA) v Abdelghani Saber (EGY)

Middleweight 

Bakhtiyar Abbasov (AZE) v Igor Litoshik (BLR)

Bantamweight:

Fabio Mello (BRA) v Mark Alcoba (PHI)

Welterweight

Ahmed Labban (LEB) v Magomedsultan Magemedsultanov (RUS)

Bantamweight

Trent Girdham (AUS) v Jayson Margallo (PHI)

Lightweight

Usman Nurmagomedov (RUS) v Roman Golovinov (UKR)

Middleweight

Tarek Suleiman (SYR) v Steve Kennedy (AUS)

Lightweight

Dan Moret (USA) v Anton Kuivanen (FIN)

Match info

Manchester United 1
Fred (18')

Wolves 1
Moutinho (53')

ESSENTIALS

The flights 
Fly Etihad or Emirates from the UAE to Moscow from 2,763 return per person return including taxes. 
Where to stay 
Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

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.”

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Naga
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Updated: November 17, 2022, 12:15 PM