A Dubai resident who has waited 17 years to fly on Virgin Galactic’s space tourism flight says her time to lift off is only a few months away.
Namira Salim, 52, was the first Pakistani and UAE resident to buy a suborbital flight ticket from Sir Richard Branson’s company in 2006, earning her the title of Founder Astronaut.
She paid $200,000, less than half the $450,000 which is reportedly what a seat on the flight costs now.
Artist Ms Salim watched Thursday’s first commercial flight by Virgin Galactic, which took three Italian passengers to the edge of space, at an altitude of 85.1km above the New Mexico desert.
She also attended the company’s inaugural flight in 2021, of which Sir Richard was part.
“My flight is very soon … it is in a matter of a few months,” said Ms Salim, who has to keep the precise date confidential as of now.
“I'm very excited because my flight is going to be much earlier, on being a founder.
“The first commercial flight builds confidence in us and to know that we’re in safe hands.”
'My father taught me the night sky'
She has had a passion for space since she a child, often telling her parents and family members that she wanted to be an astronaut.
“When I was a child, I used to cry to my parents, particularly to my father, to send me to space,” she said.
“I used to say I don't want to play with toys. I told everyone in my family I will grow up to become an astronaut and I really believed it.
“And then I started getting inspired by the night sky, because my father was the one who actually taught me the constellations of the northern sky.”
While Ms Salim had hoped her parents would see her lift off into space one day, her mother died in 2017 and her father in 2019.
“So I really owe this to my father. My space flight will really remind me of my father and my mother,” she said.
Ms Salim has an adventurous spirit, having gone scuba diving in the Bahamas, trained as a pilot, travelled to the North and South poles and did a tandem skydive from an altitude of almost nine kilometres, in the world’s highest drop zone near Mount Everest.
“I think my mother wanted me to be more safe and she was more worried about it [the flight],” Ms Salim said.
“She was not the type to encourage it too much, but my father, he helped inspired it. And that's how the journey began.”
Excited about the new space age
Ms Salim's flight comes at a time when more private companies are investing in space, allowing non-government missions to take place.
Virgin Galactic expects its next flight to take place in August, followed by monthly flights.
Blue Origin, owned by billionaire Jeff Bezos, also operates space tourism flights and has flown 32 people into suborbit since 2021.
Elon Musk's SpaceX also launches private missions to space.
“It's the democratisation of space, which is what's leading space tourism to become a reality for the common man to go to space commercially,” Ms Salim said.
Passengers can expect about a 70 to 90-minute flight experience on Virgin Galactic.
A mother ship carries the VSS Unity spaceplane to an altitude high enough for it to be released and then to the boundary of space.
Passengers experience about four minutes of weightlessness, before the plane returns to Earth for a landing on a runway in the desert.
Ms Salim is expected to become the first woman space tourist from the UAE, if all goes as planned.
British billionaire Hamish Harding, who lived in Dubai, became the first space tourist from the UAE when he flew on Blue Origin's suborbital rocket last year.
He was one of the passengers on the Titanic submersible that imploded in the Atlantic Ocean this month, killing him and four others.
Helping young people get involved in space
While Ms Salim is excited about travelling to suborbit, she is also passionate about her non-profit organisation – Space Trust – which works on several education initiatives.
One of them includes helping young people in Kenya and Arizona to build the OG2030 nanosatellite, which has already been selected by the United Nations to launch aboard the Vega C rocket free of charge.
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Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
MATCH INFO
Liverpool 2 (Van Dijk 18', 24')
Brighton 1 (Dunk 79')
Red card: Alisson (Liverpool)
Gifts exchanged
- King Charles - replica of President Eisenhower Sword
- Queen Camilla - Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
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.”
Results
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INDIA'S%20TOP%20INFLUENCERS
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UAE%20SQUAD
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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
UAE currency: the story behind the money in your pockets
The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km
Fresh faces in UAE side
Khalifa Mubarak (24) An accomplished centre-back, the Al Nasr defender’s progress has been hampered in the past by injury. With not many options in central defence, he would bolster what can be a problem area.
Ali Salmeen (22) Has been superb at the heart of Al Wasl’s midfield these past two seasons, with the Dubai club flourishing under manager Rodolfo Arrubarrena. Would add workrate and composure to the centre of the park.
Mohammed Jamal (23) Enjoyed a stellar 2016/17 Arabian Gulf League campaign, proving integral to Al Jazira as the capital club sealed the championship for only a second time. A tenacious and disciplined central midfielder.
Khalfan Mubarak (22) One of the most exciting players in the UAE, the Al Jazira playmaker has been likened in style to Omar Abdulrahman. Has minimal international experience already, but there should be much more to come.
Jassim Yaqoub (20) Another incredibly exciting prospect, the Al Nasr winger is becoming a regular contributor at club level. Pacey, direct and with an eye for goal, he would provide the team’s attack an extra dimension.
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
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