Jupiter and Saturn will come into near alignment this month in a rare event that will make them appear as one, like a “Christmas star” in the night sky.
The planets' orbits are pulling them closer and on December 21 they will appear to be just a tenth of a degree apart – about "the thickness of a dime held at arm's length," Nasa said.
The event, called a “great conjunction,” takes place about every 20 years.
But their orbits have not aligned in the sky as closely as this since 1623, a few years after Galileo built his first telescope.
And that year, the two planets were just 13 degrees away from the Sun, making them almost impossible to view from Earth.
The last visible encounter when they were so close would have been in the Middle Ages, in the year 1226.
And they will not appear as near again until 2080, meaning few people alive today will ever witness it twice.
"You'd have to go all the way back to just before dawn on March 4, 1226, to see a closer alignment between these objects visible in the night sky," Patrick Hartigan, an astronomer at Rice University, told Forbes.
“On the evening of closest approach on December 21, they will look like a double planet, separated by only 1/5th the diameter of the full moon.”
The planets may appear close on December 21, the day of the Winter Solstice, but they will still be separated by a distance of about 400 million miles.
Their apparent proximity comes from the fact their orbital paths will cross, making them appear to meet in Earth’s sky, said Thabet Al Qaissieh, who runs Al Sadeem Observatory in Al Wathba.
"It will be right after sunset and you probably will have an hour or two at most to see them in the west of the sky," he told The National.
He said the planets would be visible with the naked eye, so there was no need to search for them using a telescope.
“They will appear like two very close stars from our perspective. It will look quite different.
“It will definitely be worth checking out.”
The Christmas Star is a key feature of the nativity story, which tells the tale of Jesus' birth.
In the Biblical story, the Star of Bethlehem led three wise men to baby Jesus.
Astronomers have long suspected the star was the result of an astronomical event such as a supernova, or even a conjunction between Jupiter, Saturn and Mars.
Perseid meteor showers - in pictures
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A meteor streaks through the night sky, past planet Mars (C, left), during the Perseids meteor shower over the lake of Kozjak, Macedonia, in August 2018. Georgi Licovski / EPA -

A long exposure image shows Stars revolving around the North Star during a 'Night of falling stars' on the Col de la Givrine, near Saint-Cergue, Switzerland, in August 2018. Salvatore Di Nolfi / EPA -

The Perseids meteor shower is seen over San Miguel de Aguayo, Spain, in August 2017. Pedro Puente Hoyos / EPA -

A Perseids meteor illuminates the dark sky near Comillas in northern Spain in August 2017. Cesar Manso / AFP -

A Perseids meteor shower burns up in the atmosphere behind a Catholic church near the village of Rubezhevichi, some 50 km from Minsk, Belarus, in August 2017. Tatyana Zenkovich / EPA -

A girl lies in hammock as she looks at the milky way during the peak of Perseid meteor shower in Kozjak, Macedonia, in August 2018. Ognen Teofilovski / Reuters
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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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