Mars big and bright enough to see without a telescope as it aligns with Earth


Gillian Duncan
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Stargazers can marvel at Mars at its biggest and brightest this week, as the Red Planet moves closer to Earth than it will be for the next 15 years.

The planets briefly align every 26 months during their orbits around the Sun.

In the early hours of Wednesday – about 3.20am UAE time – they will be in what astronomers call opposition, when Mars and the Sun will be in a straight line as observed from the Earth.

The phenomenon occurs as Earth takes roughly half the time to orbit the Sun at 365 days compared to 687 days for Mars.

Scientists said Mars will be visible without the use of a telescope during this time.

"Earth and Mars are like runners on a track. Earth is on the inside, Mars is on the outside," US space agency Nasa's October blog said.

"Every 26 months, speedy Earth catches up to slower Mars and laps it. Opposition occurs just as Earth takes the lead."

The distance between the two during opposition differs because of the planets’ elliptical orbits.

They can be up to about 100 million kilometres apart, but Mars made its closest approach to Earth in almost 60,000 years in 2003 at 56m km.

This year, the distance is around 62m km.

It will be another 15 years until Earth and Mars pass by each other as close again.

The planets’ proximity every 26 months offers scientists an opportunity to launch more cost effective missions to Mars.

The point just before the planets are closest takes the least amount of time to reach Mars from Earth.

That is why the UAE’s Hope probe and two missions from China and the United States were launched in July.

A fourth mission from Europe and Russia to send the ExoMars Rosalind Franklin rover missed the window and will now have to wait to launch until the next close approach in late 2022.

The three which managed to take off are on course to arrive in February.

They will each complement each other, researching different mysteries of the planet, and plugging gaps in knowledge about conditions on Mars and its atmosphere.

Hope will study the planet’s weather systems, while Nasa’s Perseverance rover will collect rock core and soil samples. Tianwen-1 will search for pockets of ice below the surface.

This month, the UAE launched live tracking of Hope, which showed it has almost completed half of its 500km journey to the Red Planet.

It has beamed back several images showing the sights from its high-speed journey, including Saturn and Jupiter.

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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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