• UAE astronaut Sultan Al Neyadi (second to right) and his crew mates completed a rehearsal of their launch day on February 24, 2023. Photo: SpaceX
    UAE astronaut Sultan Al Neyadi (second to right) and his crew mates completed a rehearsal of their launch day on February 24, 2023. Photo: SpaceX
  • SpaceX also completed a crucial static fire test - a ground test where the rocket's engines are fired. Photo: SpaceX
    SpaceX also completed a crucial static fire test - a ground test where the rocket's engines are fired. Photo: SpaceX
  • Right to left, UAE astronaut Sultan Al Neyadi, Nasa astronaut Stephen Bowen, Nasa astronaut Woody Hoburg and Roscosmos cosmonaut Andrey Fedyaev seen during their launch rehearsal. Photo: Nasa
    Right to left, UAE astronaut Sultan Al Neyadi, Nasa astronaut Stephen Bowen, Nasa astronaut Woody Hoburg and Roscosmos cosmonaut Andrey Fedyaev seen during their launch rehearsal. Photo: Nasa
  • The launch rehearsal process involved donning their SpaceX pressure suits, riding Teslas to the launch pad and boarding an unfuelled rocket. Photo: Nasa
    The launch rehearsal process involved donning their SpaceX pressure suits, riding Teslas to the launch pad and boarding an unfuelled rocket. Photo: Nasa
  • The crew get into their Teslas to go to the launch pad as part of a rehearsal. Photo: Nasa
    The crew get into their Teslas to go to the launch pad as part of a rehearsal. Photo: Nasa
  • Dr Al Neyadi is going on a six-month mission to the International Space Station. Photo: Nasa
    Dr Al Neyadi is going on a six-month mission to the International Space Station. Photo: Nasa
  • A SpaceX Falcon 9 rocket is scheduled to launch the Crew-6 astronauts on February 27, 2023, from the Kennedy Space Centre in Florida. Photo: Nasa
    A SpaceX Falcon 9 rocket is scheduled to launch the Crew-6 astronauts on February 27, 2023, from the Kennedy Space Centre in Florida. Photo: Nasa
  • This SpaceX Falcon 9 rocket will launch the Crew-6 astronauts, including UAE's Sultan Al Neyadi, from Pad 39A at the Kennedy Space Centre in Florida next week. Photo: Nasa
    This SpaceX Falcon 9 rocket will launch the Crew-6 astronauts, including UAE's Sultan Al Neyadi, from Pad 39A at the Kennedy Space Centre in Florida next week. Photo: Nasa
  • The rocket was into position for an engine firing test on February 25 and a launch attempt on February 27. 2023. Photo: Nasa
    The rocket was into position for an engine firing test on February 25 and a launch attempt on February 27. 2023. Photo: Nasa
  • This will be the first time an Arab astronaut rides on a SpaceX rocket.
    This will be the first time an Arab astronaut rides on a SpaceX rocket.
  • Space X shared this image of their spacecraft being moved into position ahead of blast-off on Monday. Photo: SpaceX
    Space X shared this image of their spacecraft being moved into position ahead of blast-off on Monday. Photo: SpaceX

'I salute you': UAE astronaut's father dedicates heartfelt poem to him before spaceflight


Sarwat Nasir
  • English
  • Arabic

The father of UAE astronaut Sultan Al Neyadi has dedicated a heartfelt poem to his son before he takes off on a six-month mission to the International Space Station.

In his first public address since his son was selected for the mission, Saif Al Neyadi said he “salutes” him and that he will “be proud of him for the rest of his life”.

Dr Al Neyadi, 41, and his three crew mates are set to blast off on a SpaceX Falcon 9 rocket on Monday from the Kennedy Space Centre in Florida as part of the Crew-6 mission.

His family, including his father, children, cousins and friends, arrived at the launch city on Friday.

“These verses are for my special son, astronaut Sultan Al Neyadi,” Mr Al Neyadi said of the poem, which was shared on Twitter by the Mohammed bin Rashid Space Centre.

“I recited Quran for you — to be safe on Earth and beyond.

“Your education and perseverance guided you, and that’s the path you chose.

“You shine for me at the station. Show your flag and pray.

“You have a bright future and glory. Raise your country's name up high.

“Loyal and kept your promise. Glory isn’t for everyone.

“I salute you and I’ll be proud of you for the rest of my life.”

Dr Al Neyadi was born and raised in Al Ain and has six children.

UAE astronaut Sultan Al Neyadi's family, including his father (sixth from right, bottom row), his sons and brothers, who arrived at the Florida launch site. Photo: Salem Al Marri Twitter
UAE astronaut Sultan Al Neyadi's family, including his father (sixth from right, bottom row), his sons and brothers, who arrived at the Florida launch site. Photo: Salem Al Marri Twitter

His father and brothers also attended the launch of the UAE’s first mission to the space station in 2019, in which Dr Al Neyadi was the backup for astronaut Hazza Al Mansouri.

The Crew-6 astronauts completed a rehearsal for launch day early on Friday morning, donning their SpaceX pressure suits, riding their Teslas to the launch pad and boarding an unfuelled rocket.

SpaceX also completed a crucial ground test of its rocket — a static fire test — before the launch.

Now, a launch-readiness review will be carried out by Nasa and SpaceX that will determine whether the launch will go ahead on time.

The backup launch dates are February 28 and from March 2 to 4.

The Weather Squadron at US Space Force said the launch on Monday had 95 per cent favourable weather conditions.

ARGENTINA SQUAD

Goalkeepers: Franco Armani, Agustin Marchesin, Esteban Andrada
Defenders: Juan Foyth, Nicolas Otamendi, German Pezzella, Nicolas Tagliafico, Ramiro Funes Mori, Renzo Saravia, Marcos Acuna, Milton Casco
Midfielders: Leandro Paredes, Guido Rodriguez, Giovani Lo Celso, Exequiel Palacios, Roberto Pereyra, Rodrigo De Paul, Angel Di Maria
Forwards: Lionel Messi, Sergio Aguero, Lautaro Martinez, Paulo Dybala, Matias Suarez

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At a glance

Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free

Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland

UAE squad Rohan Mustafa (c), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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.”

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Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

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Rugby World Cup (all times UAE)

Third-place play-off: New Zealand v Wales, Friday, 1pm

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

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Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Day 1 fixtures (Saturday)

Men 1.45pm, Malaysia v Australia (Court 1); Singapore v India (Court 2); UAE v New Zealand (Court 3); South Africa v Sri Lanka (Court 4)

Women Noon, New Zealand v South Africa (Court 3); England v UAE (Court 4); 5.15pm, Australia v UAE (Court 3); England v New Zealand (Court 4)

Updated: February 24, 2023, 8:56 PM