Last December marked 50 years since humankind last set foot on the Moon in the final mission of the Apollo era.
But US space agency Nasa is preparing to write a new chapter in space exploration with the Artemis programme.
On Wednesday, it will attempt to launch its enormous rocket, the Space Launch System (SLS), with the Orion spacecraft on top of it, from the Kennedy Space Centre in Florida.
The world’s most powerful rocket will lift-off with 3,991 tonnes of thrust, soaring at speeds of 40,233 kilometres per hour in about eight minutes to reach space.
This is part of Artemis 1, an uncrewed test flight around the Moon that will measure the rocket and spacecraft's performance.
It would mark the beginning of a new space exploration era for the agency if successful, with crewed flights to the lunar surface in future.
What time is the Artemis launch?
The rocket was moved back to Launch Pad 39B on November 4 after two failed launch attempts earlier this year.
Since then, it has survived Hurricane Nicole, which struck Florida last week.
Only minor issues on the spacecraft were reported after the storm and managers have given the green light for a launch attempt on Wednesday, November 16, with a two-hour launch window opening at 10.07am GST.
There are also back-up dates on November 19 and 24.
Before the mega event, The National explains eight key things to know about this rocket and the Orion spacecraft.
Powerful boosters
Two solid boosters provide more than 75 per cent of the rocket’s thrust during the first two minutes of flight.
Each is 17 storeys tall, burns about six tonnes of propellant every second and generates more thrust than 14 four-engine jumbo commercial planes.
To achieve deep space missions, the rocket will be upgraded through the years so it can carry heavier payloads.
For the first three Artemis missions, Nasa is using configuration SLS Block 1, which can send 27 tonnes to orbits beyond the Moon.
Impressive core stage engines
Propulsion for the rocket’s core stage will be provided by four RS-25 engines, which powered the Space Shuttle for three decades and completed 135 missions.
About 16 of these shuttle engines are being upgraded to meet the performance needs of the SLS.
During the flight, the four engines provide about 907 tonnes of thrust.
Lots of fuel
To power these engines, the rocket’s core stage has two large storage tanks that have to be filled with more than three million litres of liquid hydrogen and liquid oxygen – together known as propellants.
Without the fuel, it would be impossible to power these engines and enable the rocket launch.
Orion spacecraft
Orion is the spacecraft that will launch on the SLS rocket.
It will carry crew to space and provide them with safe re-entry into Earth.
The crew module can transport four humans to the Moon and offers them a safe habitat.
It is equipped with a launch abort system that can activate within milliseconds and allow for a safe landing.
What sends Orion to the Moon?
For SLS Block 1, the Interim Cryogenic Propulsion Stage will help send Orion to the Moon once it has been separated from the rocket.
This propulsion stage uses one RL10 engine, made by US-based Aerojet Rocketdyne.
The engine is powered by liquid hydrogen and liquid oxygen, which helps generate 11.2 tonnes of thrust.
Failed launch attempts
Nasa's first launch attempt of Artemis 1 on August 29 failed owing to what engineers believed was a rocket engine cooling problem.
Its second attempt on September 3 also failed after engineers detected a hydrogen leak.
Nasa was targeting September 27 for a lift-off before Hurricane Ian hit.
When does it actually launch?
Artemis 1 will be the first mission under the programme.
It is an uncrewed, six-week mission that is expected to launch from the Kennedy Space Centre on November 16.
Orion will spend about six days in the Moon’s orbit collecting data, so mission control can assess its performance.
When will humans return to Moon?
The Artemis 2 mission involves sending the first crewed mission to orbit the Moon in 2024.
It would be the first time humans have reached the Moon since the Apollo days.
A crew of four will perform a lunar flyby for about 21 days before returning to Earth.
Artemis 3 will be the first crewed lunar landing mission, which is likely include a woman.
The crew would dock the Orion with the Lunar Gateway – a planned Moon orbiting station – before boarding the landing system to touch down on the surface.
Artemis 3 has been delayed until 2025.
THURSDAY FIXTURES
4.15pm: Italy v Spain (Group A)
5.30pm: Egypt v Mexico (Group B)
6.45pm: UAE v Japan (Group A)
8pm: Iran v Russia (Group B)
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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Profile of Tarabut Gateway
Founder: Abdulla Almoayed
Based: UAE
Founded: 2017
Number of employees: 35
Sector: FinTech
Raised: $13 million
Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.
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U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
Saturday 15 January: v Canada
Thursday 20 January: v England
Saturday 22 January: v Bangladesh
UAE squad
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly, Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya Shetty, Kai Smith
The years Ramadan fell in May