An artist's rendition of the UAE's DMSat-1 nanosatellite. It will be launched into space on Saturday on-board a Russian rocket. Courtesy: Dubai Municipality
An artist's rendition of the UAE's DMSat-1 nanosatellite. It will be launched into space on Saturday on-board a Russian rocket. Courtesy: Dubai Municipality
An artist's rendition of the UAE's DMSat-1 nanosatellite. It will be launched into space on Saturday on-board a Russian rocket. Courtesy: Dubai Municipality
An artist's rendition of the UAE's DMSat-1 nanosatellite. It will be launched into space on Saturday on-board a Russian rocket. Courtesy: Dubai Municipality

UAE to send environment satellite to space on Russian rocket this month


Sarwat Nasir
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The UAE is set to launch a miniature environment-monitoring satellite on March 20. It will measure air quality and marine conditions in the country.

A Soyuz 2.1a rocket will carry the 15-kilogram nanosatellite, called DMSat-1, into low-Earth orbit, it was confirmed by Russian space agency Roscosmos.

It will launch from the Baikonur Cosmodrome, in an area of southern Kazakhstan leased to Russia.

Dubai Municipality and the Mohammed bin Rashid Space Centre signed an agreement in 2016 to develop the nanosat.

DMSat-1 will be placed at an orbit 730km above the Earth's surface and will monitor aerosols and greenhouse gases over the UAE's atmosphere.

The satellite is one among a cluster of small payloads from 18 countries – also including Saudi Arabia and Tunisia – that will be delivered into space on board the rocket. The main payload is South Korea's CAS500-1 spacecraft.

Scientific purpose

DMSat-1 will measure the main sources of pollution in the country by studying air quality and the footprint of greenhouse gases.

Solar panels will power the nanosat, which includes two on-board computers and a GPS.

The main scientific instrument is DMSat-1's polarimeter imager, which will collect data.

The findings will help Dubai Municipality and the space centre develop an air quality model, which could potentially reveal the source of harmful emissions.

It is expected that the data will help the UAE’s fight against climate change and add value to ongoing research.

How is the UAE’s air quality?

Environmentalists across the world have long been campaigning to improve air quality.

The UN has reported that air pollution is a major environmental threat. Each year, 6.5 million people die from exposure to indoor and outdoor air pollution, while nine out of 10 people breathe contaminated air.

It harms the climate and a person's health, as it leads to conditions such as strokes, heart disease, lung cancer and acute and chronic respiratory diseases.

Dry climate conditions in the UAE, sandstorms and harmful emissions affect the country’s air quality.

The UAE Ministry of Climate Change and Environment said improving air quality is one of the main agenda of the UAE's Vision 2021 set of government goals.

To achieve this, the ministry is working on transitioning to a green economy, increasing use of clean energy in different fields and expanding the air quality control network.

The UAE's mission to Mars – in pictures 

  • Sheikh Mohamed bin Zayed and Sheikh Mohammed bin Rashid personally thank staff from mission control in Dubai after Hope probe's successful orbit entry on February 9. The National
    Sheikh Mohamed bin Zayed and Sheikh Mohammed bin Rashid personally thank staff from mission control in Dubai after Hope probe's successful orbit entry on February 9. The National
  • A man celebrates at an event at Burj Park in Dubai to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
    A man celebrates at an event at Burj Park in Dubai to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
  • People celebrate at an event at Burj Park to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
    People celebrate at an event at Burj Park to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
  • An event at Burj Park to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
    An event at Burj Park to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
  • People celebrate at an event at Burj Park to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
    People celebrate at an event at Burj Park to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
  • Guests arrive at the Burj Park event to mark the arrival of the Hope probe to Mars. Chris Whiteoak / The National
    Guests arrive at the Burj Park event to mark the arrival of the Hope probe to Mars. Chris Whiteoak / The National
  • A guest attending the Burj Park event to mark the arrival of the Hope probe to Mars. Chris Whiteoak / The National
    A guest attending the Burj Park event to mark the arrival of the Hope probe to Mars. Chris Whiteoak / The National
  • Burj Park was set up for people to watch the Hope probe attempt its Mars orbit insertion. Courtesy: UAE Government Twitter
    Burj Park was set up for people to watch the Hope probe attempt its Mars orbit insertion. Courtesy: UAE Government Twitter
  • UAE Mars Mission engineer, Hessa Al Matroushi, was interviewed at a Burj Park event to mark the arrival of the Hope probe to Mars. Chris Whiteoak / The National
    UAE Mars Mission engineer, Hessa Al Matroushi, was interviewed at a Burj Park event to mark the arrival of the Hope probe to Mars. Chris Whiteoak / The National
  • Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, attended the event at Burj Park to mark the arrival of the Hope probe to Mars. Chris Whiteoak / The National
    Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, attended the event at Burj Park to mark the arrival of the Hope probe to Mars. Chris Whiteoak / The National
  • Engineer Hessa Al Matroushi attended the event at Burj Park to mark the arrival of the Hope probe to Mars. Chris Whiteoak / The National
    Engineer Hessa Al Matroushi attended the event at Burj Park to mark the arrival of the Hope probe to Mars. Chris Whiteoak / The National
  • TV crews get ready at an event at Burj Park in Dubai to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
    TV crews get ready at an event at Burj Park in Dubai to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
  • An event at Dubai's Burj Park to celebrate the Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
    An event at Dubai's Burj Park to celebrate the Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
  • Guests arrive at an event at Burj Park to mark the Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
    Guests arrive at an event at Burj Park to mark the Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
  • Guests and media arrive at an event at Burj Park to witness Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
    Guests and media arrive at an event at Burj Park to witness Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
  • Guests arrive at an event at Burj Park to mark the Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
    Guests arrive at an event at Burj Park to mark the Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
  • Guests arrive at an event at Burj Park to mark the Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
    Guests arrive at an event at Burj Park to mark the Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
  • Guests arrive at an event at Burj Park to mark the Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
    Guests arrive at an event at Burj Park to mark the Hope probe's Mars orbit insertion attempt. Chris Whiteoak / The National
  • The Burj Khalifa lights up at an event at Burj Park in Dubai to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
    The Burj Khalifa lights up at an event at Burj Park in Dubai to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
  • The UAE Flag area on the Corniche in Abu Dhabi lights up in red to celebrate the success of the Hope probe going into orbit around Mars. Victor Besa / The National
    The UAE Flag area on the Corniche in Abu Dhabi lights up in red to celebrate the success of the Hope probe going into orbit around Mars. Victor Besa / The National
  • The ADNOC Headquarters lights up in Abu Dhabi to celebrate the success of the Hope probe going into orbit around Mars. Victor Besa / The National
    The ADNOC Headquarters lights up in Abu Dhabi to celebrate the success of the Hope probe going into orbit around Mars. Victor Besa / The National
  • Sheikh Mohamed bin Zayed celebrates with Sheikh Mohammed bin Rashid at an event at Burj Park in Dubai to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
    Sheikh Mohamed bin Zayed celebrates with Sheikh Mohammed bin Rashid at an event at Burj Park in Dubai to celebrate the Hope probe going into orbit around Mars. Chris Whiteoak / The National
  • People celebrate at an event at Burj Park in Dubai to mark the Hope probe going into orbit around Mars. Chris Whiteoak / The National
    People celebrate at an event at Burj Park in Dubai to mark the Hope probe going into orbit around Mars. Chris Whiteoak / The National

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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David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

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