The UAE has secured a six-month mission to the International Space Station for an Emirati astronaut, after purchasing a seat on a SpaceX rocket from private company Axiom Space.
The astronaut will be part of the SpaceX Crew-6 mission that is scheduled for launch in the first half of 2023 from Florida’s Kennedy Space Centre.
A deal was signed between the Mohammed bin Rashid Space Centre (MBRSC) and Axiom Space on Wednesday at the UAE Embassy in Washington.
This will be the UAE’s second mission to space, following Hazza Al Mansouri’s historic eight-day trip to the orbiting laboratory in 2019 on a Russian Soyuz rocket.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, announced the landmark news on Twitter on Friday.
"The UAE will be the 11th country in history to send a long-term mission to space," he wrote.
"Proud of the UAE youth."
The latest trip will be the first long-duration mission by an Arab astronaut, who has not yet be named.
Salem Al Marri, director-general of the Mohammed bin Rashid Space Centre, said that the new mission will pave the way for future initiatives that will help the UAE become a “leading nation in the world of space exploration”.
"With the aim of strengthening co-operation between the UAE and the USA that involves prominent institutions such as Axiom Space in the space-exploration sector, we are delighted to announce this important partnership that will help us further advance our space programme,” he said.
The National revealed in June of 2021 that the UAE was trying to secure a second mission to space and that the space centre was in discussions with international partners.
Which Emirati astronaut is going?
The UAE has four members in its astronaut corps, including Maj Al Mansouri, former IT professional Dr Sultan Al Neyadi, Dubai Police helicopter pilot Mohammed Al Mulla, and mechanical engineer Nora Al Matrooshi, who is the first Arab female astronaut.
Mr Al Marri told The National that they will announce which astronaut has been selected in due course.
All four astronauts have been training at Nasa’s Johnson Space Centre, with Maj Al Mansouri and Dr Al Neyadi completing two years in September.
Mr Al Mulla and Ms Al Matrooshi are the newest members of the astronaut corps, who started their training at Nasa in January.
It is likely that the honour of going on the new trip will be given to one of the UAE’s first two astronauts, who have several years of training and qualify for a long-term science mission on the station.
While in Houston, the astronauts have learned how to perform spacewalks, learn the systems of the ISS, and operate the robotic arm of the station.
What will the astronaut do in space?
The chosen Emirati astronaut will serve as mission specialist on the Dragon capsule, and will fly alongside Nasa astronauts Stephen Bowen, spacecraft commander, and Warren Hoburg, who will serve as Dragon’s pilot. A fourth crew member is yet to be identified.
While on the space station, the Emirati astronaut will carry out several science experiments alongside his colleagues.
Mr Al Marri told The National that Nasa will release a schedule of the astronauts’ activities in space, including if the Emirati astronaut has been selected to perform a spacewalk.
“The exact schedule of the mission has not been completed yet. This will be a mission that is jointly planned with Nasa,” he said.
“It’s something that we'll be discussing extensively with the team at Johnson Space Centre.
“Based on what they are planning for Crew-6 to do, if there's a requirement for a spacewalk, then that's something that Nasa would schedule.
“Will our astronaut be able to conduct that spacewalk? That depends on the way that they select the astronauts for EVA (extravehicular activity).”
How did the UAE secure a seat?
This is the Falcon 9 seat that Axiom Space got in exchange from Nasa, after the company gave up its Russian Soyuz rocket seat for American astronaut, Mark Vande Hei, in 2021.
MBRSC did not disclose how much they paid Axiom for the seat, but the agreement includes transportation to and from the space station; comprehensive mission support; all necessary training and preparation for launch; flight operations; and landing and crew rescue services.
Michael Suffredini, Axiom president and chief executive, said it was “proud to provide the space centre with a flight opportunity”.
“It is our great pleasure to sign the agreement with the United Arab Emirates’ Mohammed bin Rashid Space Centre, marking the first time a US commercial company has made such a mission possible,” he said.
Axiom Space launched on April 8 the first short-duration private mission to the ISS, where each crew member reportedly paid $55 million.
Mr Al Marri told The National that the UAE’s arrangement is “totally different”, and that it is based on a partnership with Axiom Space and Nasa.
Increased access to space
With the rise of private companies such as Elon Musk's SpaceX and Axiom, agencies are benefiting from an increased access to space.
For more than a decade, only Russia could deliver astronauts to the ISS on its Soyuz rockets, after the US disbanded its Space Shuttle programme in 2011.
Now, Nasa has partnered with SpaceX to launch government astronauts to the station, as part of its US Commercial Crew Programme.
Nasa's could see another private company sending its astronauts to the ISS in future. Boeing will perform an uncrewed test flight of its CST-100 Starliner spacecraft on May 19.
It will lift off on the United Launch Alliance Atlas V rocket from the Cape Canaveral Space Force Station in Florida.
SpaceX has also carried out private missions to space, including for Axiom Space, which organises trips for private clients.
Axiom Space, a Houston-based space travel and infrastructure company, also has plans to build a commercial space station in low-Earth orbit that would eventually replace the ISS once it retires end of this decade.
Axiom's station will be attached to the ISS, creating access for researchers, astronauts and tourists.
Once the space station retires, Axiom will detach its modules and commence operations on its own.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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.”
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
Countries recognising Palestine
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Korean Film Festival 2019 line-up
Innocent Witness, June 26 at 7pm
On Your Wedding Day, June 27 at 7pm
The Great Battle, June 27 at 9pm
The Witch: Part 1. The Subversion, June 28 at 4pm
Romang, June 28 at 6pm
Mal Mo E: The Secret Mission, June 28 at 8pm
Underdog, June 29 at 2pm
Nearby Sky, June 29 at 4pm
A Resistance, June 29 at 6pm
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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law