From supermoons to bright meteor showers, there are plenty of astronomical events to light up the UAE’s skies this year.
A pink supermoon this week and the Quadrantids meteor showers in January already wowed stargazers, but the best is yet to come.
While some parts of the world will experience a solar and lunar eclipse, the Emirates’ skies will also host dazzling celestial events.
The National lists the top seven must-see sky shows of 2021.
May 26: a full Moon supermoon
This supermoon will be the biggest and brightest of the year. It will be at its closest approach to the Earth, meaning it will appear larger than a regular full Moon.
The pink supermoon this week was 7 per cent bigger and 14 per cent brighter, but the coming one will be even more striking.
Stargazers in Australia, parts of the US and western South America will experience a total lunar eclipse of the supermoon.
According to the Dubai Astronomy Group, early Native American tribes knew this full Moon as the Full Flower Moon because it was when spring flowers were in abundance.
June 24: the last supermoon of the year
This will be the last chance to spot a supermoon in 2021. It will be a full Moon and will appear in UAE skies.
It will not seem as big as the one in May, but it will still be bright enough to spot with the naked eye.
Native American tribes called this event the ‘Full Strawberry Moon’ because it indicated the time to gather ripened fruit and coincides with the peak of the strawberry harvesting season.
August 2: best time to observe Saturn
During the Saturn opposition, the gas giant will be in a straight line with the Sun and the Earth and will be visible all night long. It will make a close approach to Earth and its face will be fully illuminated.
The Dubai Astronomy Group said this would be the best time to photograph Saturn, its rings and a few of its brightest moons.
The planet is the second largest in the solar system and has 82 moons.
Using telescopes to view the planet will enhance the experience.
August 12-13: Perseids meteor shower
This is one of the best meteor showers in the UAE and is visible annually.
At its peak, the shower produces up to 60 meteors an hour and can appear as fireballs shooting across the skies. The event takes place from July 17 to mid-August but is at its most intense from August 12 to August 13 in the Emirates.
The shower is caused by Comet Swift-Tuttle, which was discovered in 1862.
It leaves behind a long trail of dust and debris during its 133-year orbit around the sun.
When Earth passes through the comet’s debris each year, it creates the meteor shower.
The debris collides with the atmosphere and disintegrates, causing a colourful show. The comet made its closest fly-by to our planet in 1992; the next one will be in 2126.
It is recommended to watch the meteor shower away from light pollution.
August 19: see Jupiter, largest planet in the solar system
This will the best time to see Jupiter and its four largest moons, which will appear as dots next to the planet.
The event is called Jupiter at opposition takes place when the gas giant is at its closest approach to Earth.
Like the Saturn opposition, it will be in a straight line with Earth and the Sun, with its face fully illuminated.
A telescope will enhance the viewing experience, while a pair of binoculars would help spot the planet’s moons.
November 18: Leonids meteor shower
The Leonids meteor shower is also known to produce fireballs, which makes the event appear brighter in the skies.
While these showers are not as visible in the UAE, they still put on a stellar show if the weather is favourable and if they are observed away from light pollution.
They are known to be among the fastest meteors, travelling at speeds of 71 kilometres a second.
December 14: Geminids meteor shower
The Geminids are the best meteor showers of the year in the UAE, with about 120 of them shooting across the skies each hour.
They are the most visible meteors in the Emirates and can be spotted without binoculars or telescopes.
Geminids are leftovers of 3200 Phaethon, which is either an asteroid or extinct comet, according to the US space agency Nasa.
The dust left behind by the space rock burns up in the Earth’s atmosphere, making the "shooting stars" visible to sky gazers.
Geminids meteor shower 2020 in the UAE - in pictures
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.”
COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)
Date started: August 2021
Founder: Nour Sabri
Based: Dubai, UAE
Sector: E-commerce / Marketplace
Size: Two employees
Funding stage: Seed investment
Initial investment: $200,000
Investors: Amr Manaa (director, PwC Middle East)
if you go
The flights
Etihad and Emirates fly direct from the UAE to Seoul from Dh3,775 return, including taxes
The package
Ski Safari offers a seven-night ski package to Korea, including five nights at the Dragon Valley Hotel in Yongpyong and two nights at Seoul CenterMark hotel, from £720 (Dh3,488) per person, including transfers, based on two travelling in January
The info
Visit www.gokorea.co.uk
UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE%20
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The specs: Macan Turbo
Engine: Dual synchronous electric motors
Power: 639hp
Torque: 1,130Nm
Transmission: Single-speed automatic
Touring range: 591km
Price: From Dh412,500
On sale: Deliveries start in October
Donating your hair
• Your hair should be least 30 cms long, as some of the hair is lost during manufacturing of the wigs.
• Clean, dry hair in good condition (no split ends) from any gender, and of any natural colour, is required.
• Straight, wavy, curly, permed or chemically straightened is permitted.
• Dyed hair must be of a natural colour
Who are the Sacklers?
The Sackler family is a transatlantic dynasty that owns Purdue Pharma, which manufactures and markets OxyContin, one of the drugs at the centre of America's opioids crisis. The family is well known for their generous philanthropy towards the world's top cultural institutions, including Guggenheim Museum, the National Portrait Gallery, Tate in Britain, Yale University and the Serpentine Gallery, to name a few. Two branches of the family control Purdue Pharma.
Isaac Sackler and Sophie Greenberg were Jewish immigrants who arrived in New York before the First World War. They had three sons. The first, Arthur, died before OxyContin was invented. The second, Mortimer, who died aged 93 in 2010, was a former chief executive of Purdue Pharma. The third, Raymond, died aged 97 in 2017 and was also a former chief executive of Purdue Pharma.
It was Arthur, a psychiatrist and pharmaceutical marketeer, who started the family business dynasty. He and his brothers bought a small company called Purdue Frederick; among their first products were laxatives and prescription earwax remover.
Arthur's branch of the family has not been involved in Purdue for many years and his daughter, Elizabeth, has spoken out against it, saying the company's role in America's drugs crisis is "morally abhorrent".
The lawsuits that were brought by the attorneys general of New York and Massachussetts named eight Sacklers. This includes Kathe, Mortimer, Richard, Jonathan and Ilene Sackler Lefcourt, who are all the children of either Mortimer or Raymond. Then there's Theresa Sackler, who is Mortimer senior's widow; Beverly, Raymond's widow; and David Sackler, Raymond's grandson.
Members of the Sackler family are rarely seen in public.
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
Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
Source: YouGov
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Bareilly Ki Barfi
Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars
Generational responses to the pandemic
Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:
Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.
Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.
Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.
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Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
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.
More on animal trafficking
COMPANY%20PROFILE
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