• President Sheikh Mohamed speaks with employees of the Mohammed bin Rashid Space Centre during a homecoming reception for UAE astronaut Sultan Al Neyadi, left, at the new Abu Dhabi International Airport terminal. Photo: UAE Presidential Court
    President Sheikh Mohamed speaks with employees of the Mohammed bin Rashid Space Centre during a homecoming reception for UAE astronaut Sultan Al Neyadi, left, at the new Abu Dhabi International Airport terminal. Photo: UAE Presidential Court
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, greets members of the Mohammed bin Rashid Space Centre. Photo: UAE Presidential Court
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, greets members of the Mohammed bin Rashid Space Centre. Photo: UAE Presidential Court
  • Sheikh Hamed bin Zayed and Maj Gen Essa Al Mazrouei, Chief of Staff of the Armed Forces, attend a homecoming reception Dr Al Neyadi. Photo: UAE Presidential Court
    Sheikh Hamed bin Zayed and Maj Gen Essa Al Mazrouei, Chief of Staff of the Armed Forces, attend a homecoming reception Dr Al Neyadi. Photo: UAE Presidential Court
  • President Sheikh Mohamed and Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attend the homecoming reception. Photo: UAE Presidential Court
    President Sheikh Mohamed and Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attend the homecoming reception. Photo: UAE Presidential Court
  • President Sheikh Mohamed greets Reem Al Neyadi, daughter of Dr Al Neyadi, during the homecoming reception. Photo: UAE Presidential Court
    President Sheikh Mohamed greets Reem Al Neyadi, daughter of Dr Al Neyadi, during the homecoming reception. Photo: UAE Presidential Court
  • Sheikh Hazza bin Zayed, Deputy Ruler of Abu Dhabi, and Sheikha Hassa bint Mohamed, attend the homecoming reception. Photo: UAE Presidential Court
    Sheikh Hazza bin Zayed, Deputy Ruler of Abu Dhabi, and Sheikha Hassa bint Mohamed, attend the homecoming reception. Photo: UAE Presidential Court
  • President Sheikh Mohamed speaks with Dr Al Neyadi at the reception, which comes after the astronaut spent six months at the International Space Station. Photo: UAE Presidential Court
    President Sheikh Mohamed speaks with Dr Al Neyadi at the reception, which comes after the astronaut spent six months at the International Space Station. Photo: UAE Presidential Court
  • President Sheikh Mohamed and Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, receive Dr Al Neyadi during a homecoming reception at the new Abu Dhabi International Airport. Photo: UAE Presidential Court
    President Sheikh Mohamed and Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, receive Dr Al Neyadi during a homecoming reception at the new Abu Dhabi International Airport. Photo: UAE Presidential Court
  • Dr Al Neyadi greets his father Saif Al Neyadi and his children during the homecoming reception. Photo: UAE Presidential Court
    Dr Al Neyadi greets his father Saif Al Neyadi and his children during the homecoming reception. Photo: UAE Presidential Court
  • Hazza Al Mansouri, right, attends the homecoming for Dr Al Neyadi, who spent six months at the International Space Station. Photo: UAE Presidential Court
    Hazza Al Mansouri, right, attends the homecoming for Dr Al Neyadi, who spent six months at the International Space Station. Photo: UAE Presidential Court
  • President Sheikh Mohamed greets a member of the Mohammed bin Rashid Space Centre. Photo: UAE Presidential Court
    President Sheikh Mohamed greets a member of the Mohammed bin Rashid Space Centre. Photo: UAE Presidential Court
  • President Sheikh Mohamed and Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, attend the homecoming reception. Photo: UAE Presidential Court
    President Sheikh Mohamed and Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, attend the homecoming reception. Photo: UAE Presidential Court
  • President Sheikh Mohamed greets Maj Gen Talal Al Falasi, vice president of the Mohamed bin Rashid Space Centre. Photo: UAE Presidential Court
    President Sheikh Mohamed greets Maj Gen Talal Al Falasi, vice president of the Mohamed bin Rashid Space Centre. Photo: UAE Presidential Court
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, attend the homecoming reception. Photo: UAE Presidential Court
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, attend the homecoming reception. Photo: UAE Presidential Court
  • President Sheikh Mohamed and Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, stand for a photograph with Dr Al Neyadi and family members. Photo: UAE Presidential Court
    President Sheikh Mohamed and Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, stand for a photograph with Dr Al Neyadi and family members. Photo: UAE Presidential Court
  • Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Sheikha Salama bint Mohamed attend the reception. Photo: UAE Presidential Court
    Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Sheikha Salama bint Mohamed attend the reception. Photo: UAE Presidential Court
  • Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, sit with Hazza Al Mansouri at the homecoming reception. Photo: UAE Presidential Court
    Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, sit with Hazza Al Mansouri at the homecoming reception. Photo: UAE Presidential Court
  • Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, attends the homecoming reception. Photo: UAE Presidential Court
    Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, attends the homecoming reception. Photo: UAE Presidential Court
  • Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, attends the homecoming reception. Photo: UAE Presidential Court
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, attends the homecoming reception. Photo: UAE Presidential Court
  • Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and chairman of Abu Dhabi Executive Council, attend the homecoming reception. Photo: UAE Presidential Court
    Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and chairman of Abu Dhabi Executive Council, attend the homecoming reception. Photo: UAE Presidential Court
  • President Sheikh Mohamed shakes hands with Dr Al Neyadi after he arrived in the UAE. Photo: UAE Presidential Court
    President Sheikh Mohamed shakes hands with Dr Al Neyadi after he arrived in the UAE. Photo: UAE Presidential Court
  • Sheikh Mohamed and Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, stand for a group photo with Dr Al Neyadi. Sheikh Tahnoun bin Mohamed, Ruler's Representative in Al Ain Region, Hazza Al Mansouri, the first Emirati in space, and astronauts Mohamed Al Mulla and Noura Al Matrooshi were also present. Photo: UAE Presidential Court
    Sheikh Mohamed and Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, stand for a group photo with Dr Al Neyadi. Sheikh Tahnoun bin Mohamed, Ruler's Representative in Al Ain Region, Hazza Al Mansouri, the first Emirati in space, and astronauts Mohamed Al Mulla and Noura Al Matrooshi were also present. Photo: UAE Presidential Court
  • Dr Al Neyadi greets his children at Abu Dhabi International Airport's new Terminal A. Photo: UAE Presidential Court
    Dr Al Neyadi greets his children at Abu Dhabi International Airport's new Terminal A. Photo: UAE Presidential Court
  • Dr Al Neyadi return home after six months in space. Photo: UAE Presidential Court
    Dr Al Neyadi return home after six months in space. Photo: UAE Presidential Court
  • The Emirati astronaut returned to the UAE on Monday. Photo: Abu Dhabi Media
    The Emirati astronaut returned to the UAE on Monday. Photo: Abu Dhabi Media
  • Dr Al Neyadi with his children and father, Saif Al Neyadi, right. Photo: UAE Presidential Court
    Dr Al Neyadi with his children and father, Saif Al Neyadi, right. Photo: UAE Presidential Court
  • Sheikh Mohamed receives the UAE flag that travelled to the International Space Station with Dr Al Neyadi. Photo: UAE Presidential Court
    Sheikh Mohamed receives the UAE flag that travelled to the International Space Station with Dr Al Neyadi. Photo: UAE Presidential Court
  • 'Our national flag has made its way to space for the second time,' Dr Al Neyadi told Sheikh Mohamed. Photo: UAE Presidential Court
    'Our national flag has made its way to space for the second time,' Dr Al Neyadi told Sheikh Mohamed. Photo: UAE Presidential Court
  • Sheikh Mohamed unfurled the flag for television cameras. UAE Presidential Court
    Sheikh Mohamed unfurled the flag for television cameras. UAE Presidential Court
  • Sheikh Mohamed, Sheikh Mohammed bin Rashid, Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Sheikh Tahnoun with Maj Al Mansouri, Dr Al Neyadi, Mr Al Mulla and Ms Al Matrooshi. Photo: UAE Presidential Court
    Sheikh Mohamed, Sheikh Mohammed bin Rashid, Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, and Sheikh Tahnoun with Maj Al Mansouri, Dr Al Neyadi, Mr Al Mulla and Ms Al Matrooshi. Photo: UAE Presidential Court
  • Sheikh Mohamed, Sheikh Mohammed bin Rashid, Sheikh Mansour, Sheikh Tahnoun and Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, with Dr Al Neyadi, Maj Al Mansouri, Mr Al Mulla and Ms Al Matrooshi. Photo: UAE Presidential Court
    Sheikh Mohamed, Sheikh Mohammed bin Rashid, Sheikh Mansour, Sheikh Tahnoun and Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, with Dr Al Neyadi, Maj Al Mansouri, Mr Al Mulla and Ms Al Matrooshi. Photo: UAE Presidential Court
  • Sheikh Mohammed bin Rashid with Dr Al Neyadi. Photo: UAE Presidential Court
    Sheikh Mohammed bin Rashid with Dr Al Neyadi. Photo: UAE Presidential Court
  • From left, Saud Karmustaji, director of strategic communication at the Mohammed bin Rashid Space Centre, Dr Al Neyadi, Salem Al Marri, MBRSC director general and Hazza Al Mansouri, the first Emirati in space, speak at Abu Dhabi International Airport's Terminal A. Khushnum Bhandari / The National
    From left, Saud Karmustaji, director of strategic communication at the Mohammed bin Rashid Space Centre, Dr Al Neyadi, Salem Al Marri, MBRSC director general and Hazza Al Mansouri, the first Emirati in space, speak at Abu Dhabi International Airport's Terminal A. Khushnum Bhandari / The National
  • Dr Al Neyadi is greeted by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Photo: @MBRSpaceCentre / X
    Dr Al Neyadi is greeted by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Photo: @MBRSpaceCentre / X
  • Dr Al Neyadi arrives home. Photo: Abu Dhabi Media
    Dr Al Neyadi arrives home. Photo: Abu Dhabi Media
  • A live-stream took place of Dr Al Neyadi's meeting with UAE Rulers on Monday evening. Khushnum Bhandari / The National
    A live-stream took place of Dr Al Neyadi's meeting with UAE Rulers on Monday evening. Khushnum Bhandari / The National
  • Dr Al Neyadi spent six months on the International Space Station. Khushnum Bhandari / The National
    Dr Al Neyadi spent six months on the International Space Station. Khushnum Bhandari / The National
  • Preparations were under way from early on Monday for Dr Al Neyadi's arrival at the new Terminal A. Khushnum Bhandari / The National
    Preparations were under way from early on Monday for Dr Al Neyadi's arrival at the new Terminal A. Khushnum Bhandari / The National
  • Dr Al Neyadi's plane lands in Abu Dhabi. Photo: Abu Dhabi Media
    Dr Al Neyadi's plane lands in Abu Dhabi. Photo: Abu Dhabi Media
  • Awaiting Dr Al Neyadi's arrival at Terminal A. Khushnum Bhandari / The National
    Awaiting Dr Al Neyadi's arrival at Terminal A. Khushnum Bhandari / The National
  • Dr Al Neyadi, who was born in Al Ain, made history by becoming the first Arab astronaut to perform a spacewalk. Khushnum Bhandari / The National
    Dr Al Neyadi, who was born in Al Ain, made history by becoming the first Arab astronaut to perform a spacewalk. Khushnum Bhandari / The National
  • Giant screens were spread across the terminal displaying portraits of the astronaut with messages welcoming him home. Khushnum Bhandari / The National
    Giant screens were spread across the terminal displaying portraits of the astronaut with messages welcoming him home. Khushnum Bhandari / The National

Sultan Al Neyadi hopes to carry out missions aboard Nasa's planned Lunar Gateway station


Sarwat Nasir
  • English
  • Arabic

UAE astronaut Sultan Al Neyadi is hoping that his next voyage to space will include a visit to a planned station in the Moon’s orbit.

Nasa has plans to build a small station – called Lunar Gateway – that would begin to orbit the Moon by the end of this decade.

Astronauts would use the structure as a base before descending to the lunar surface to carry out exploration missions.

Dr Al Neyadi, 42, was speaking at a briefing on Monday, hours after he landed in Abu Dhabi from Houston, Texas.

As you know, space has a lot of effects. We don't know what could happen. Bodies receive a lot of radiation
Sultan Al Neyadi

He received a grand reception in his home country after completing a six-month mission aboard the International Space Station.

“We all know about the Gateway,” Dr Al Neyadi said in a response to a question by The National.

“It's a proposed station that will orbit the Moon, so I would love to be part of it.”

The station is part of Nasa's Artemis programme, which aims to put humans on the Moon for long-term missions.

Space agencies are looking to retire the ISS by the end of this decade due to rising costs and ageing infrastructure. Focus has instead shifted to missions to the Moon and Mars.

The National reported last year that the UAE was exploring ways of helping design the Gateway, including providing an airlock module on the station.

Nasa has ambitious plans to build a station in the Moon’s orbit. Called the Lunar Gateway, the station would host astronauts before they land on the lunar surface. Photo: Nasa
Nasa has ambitious plans to build a station in the Moon’s orbit. Called the Lunar Gateway, the station would host astronauts before they land on the lunar surface. Photo: Nasa

This is an airtight room that astronauts would use to enter and exit the space station.

It would be a turning point for the UAE's space programme, which could help give Emirati astronauts access to the Moon.

Dr Al Neyadi said that training for these kinds of missions is crucial.

“I would to love to go there but it depends on the opportunity and suitability for the mission,” he said.

“As you know, space has a lot of effects. We don't know what could happen. Bodies receive a lot of radiation.

“We're still under the process of identifying what sort of impact the six months in space has had on my body.”

Spend time in nature

Dr Al Neyadi, born and raised in Al Ain, also spoke about what he plans to do now that he is back home.

The father of six wants to spend time in nature and with his children, as well as pray.

His daughter and two of his sons greeted their father on Monday as he exited the aircraft.

“I think it was good to see all of them here and I said hello to all of them,” said Dr Al Neyadi.

“So, if I go to home tonight, I think first thing I'm going to do is sleep and then would love to go out into the nature.

“I would love to pray and spend some quality time with the family. Explain everything to them and answer questions they'll have.”

More missions for Emirati astronauts

The Mohammed bin Rashid Space Centre hopes to secure missions to the ISS every two to three years.

It also has Hazza Al Mansouri, the first Emirati in space, Nora Al Matrooshi and Mohammed Al Mulla in its astronaut corps.

Ms Al Matrooshi, the first Emirati woman to be selected as an astronaut, and Mr Al Mulla are currently training in Nasa's Johnson Space Centre in Houston.

They will become eligible for missions once they graduate early next year.

Maj Al Mansouri, who spent eight days aboard the ISS in 2019, said at the briefing that he was proud of Dr Al Neyadi.

“In this second mission, we've proved to everyone that if you're dedicated, you can achieve anything,” he said.

“We were happy to see his smile after he landed. This mission wasn't easy – it was six months in space, but it's going be written in history and we're all very proud of this.”

Last five meetings

2013: South Korea 0-2 Brazil

2002: South Korea 2-3 Brazil

1999: South Korea 1-0 Brazil

1997: South Korea 1-2 Brazil

1995: South Korea 0-1 Brazil

Note: All friendlies

THE SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

Torque: 630Nm

Price: Dh999,563

SPEC%20SHEET%3A%20APPLE%20IPHONE%2014
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%C2%A06.1%22%20Super%20Retina%20XDR%20OLED%2C%202532%20x%201170%2C%20460ppi%2C%20HDR%2C%20True%20Tone%2C%20P3%2C%201200%20nits%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%C2%A0A15%20Bionic%2C%206-core%20CPU%2C%205-core%20GPU%2C%2016-core%20Neural%20Engine%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%C2%A06GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%C2%A0128%2F256%2F512GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%C2%A0iOS%2016%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%C2%A0Dual%2012MP%20main%20(f%2F1.5)%20%2B%2012MP%20ultra-wide%20(f%2F2.4)%3B%202x%20optical%2C%205x%20digital%3B%20Photonic%20Engine%2C%20Deep%20Fusion%2C%20Smart%20HDR%204%2C%20Portrait%20Lighting%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%20video%3A%3C%2Fstrong%3E%C2%A04K%20%40%2024%2F25%2F3060fps%2C%20full-HD%20%40%2025%2F30%2F60fps%2C%20HD%20%40%2030fps%3B%20HD%20slo-mo%20%40%20120%2F240fps%3B%20night%2C%20time%20lapse%2C%20cinematic%2C%20action%20modes%3B%20Dolby%20Vision%2C%204K%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%C2%A012MP%20TrueDepth%20(f%2F1.9)%2C%20Photonic%20Engine%2C%20Deep%20Fusion%2C%20Smart%20HDR%204%3B%20Animoji%2C%20Memoji%3B%20Portrait%20Lighting%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2024%2F25%2F3060fps%2C%20full-HD%20%40%2025%2F30%2F60fps%2C%20HD%20slo-mo%20%40%20120fps%3B%20night%2C%20time%20lapse%2C%20cinematic%2C%20action%20modes%3B%20Dolby%20Vision%2C%204K%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%C2%A03279%20mAh%2C%C2%A0up%20to%2020h%20video%2C%2016h%20streaming%20video%2C%2080h%20audio%3B%20fast%20charge%20to%2050%25%20in%2030m%3B%20MagSafe%2C%20Qi%20wireless%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%C2%A0Wi-Fi%2C%20Bluetooth%205.3%2C%20NFC%20(Apple%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Face%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%C2%A0Lightning%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%C2%A0Dual%20eSIM%20%2F%20eSIM%20%2B%20SIM%20(US%20models%20use%20eSIMs%20only)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%C2%A0Blue%2C%20midnight%2C%20purple%2C%20starlight%2C%20Product%20Red%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%C2%A0iPhone%2014%2C%20USB-C-to-Lightning%20cable%2C%20one%20Apple%20sticker%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%C2%A0Dh3%2C399%20%2F%20Dh3%2C799%20%2F%20Dh4%2C649%3C%2Fp%3E%0A
Meydan card

6.30pm: Al Maktoum Challenge Round-1 (PA) Group 1 US$65,000 (Dirt) 1,600m
7.05pm: Conditions (TB) $100,000 (Turf) 1,400m
7.40pm: UAE 2000 Guineas Trial (TB) $100,000 (D) 1,600m
8.15pm: Handicap (TB) $175,000 (T) 1,200m
8.50pm: Al Maktoum Challenge Round-1 (TB) Group 2 $350,000 (D) 1,600m
9.25pm: Handicap (TB) $175,000 (D) 1,900m
10pm: Handicap (TB) $135,000 (T) 1,600m

The lowdown

Rating: 4/5

Brief scores:

Huesca 0

Real Madrid 1

Bale 8'

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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.”

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

MATCH INFO

Rugby World Cup (all times UAE)

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

Final: England v South Africa, Saturday, 1pm

The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

Updated: March 13, 2024, 1:08 PM