Related: Who are the UAE's new astronauts?
The UAE has selected two new Emiratis to be part of its astronaut corps, including the Arab world’s first female astronaut.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, announced on Saturday that Nora Al Matrooshi, 27, had been selected to be part of the country's astronaut corps.
Mohammed Al Mulla was also chosen.
"We announce today ... two new Emirati astronauts ... among them the first Arab [woman] astronaut Nora Al Matrooshi and Mohammed Al Mulla," Sheikh Mohammed tweeted.
"They have been chosen from among more than 4,000 applicants and their training will soon begin with the Nasa astronaut programme. We congratulate the country. We count on them to raise the name of the UAE in the sky."
The duo are now colleagues of Hazza Al Mansouri, the first Emirati in space, and reserve astronaut Sultan Al Neyadi.
They were chosen from 4,305 Emiratis who applied – including 1,400 female applicants.
Progress is being made by different space agencies to create gender equality in the space sector, which has been male-dominated since the early days of space exploration in the 1960s.
As of 2020, of more than 550 astronauts who had gone to space, only 65 were women.
The selection of the two new astronauts echoes the UAE’s focus on equal opportunities for women.
Selection process
The 4,305 applicants were chosen based on age and educational background. A total of 2,099 candidates then passed the IQ, personality and technical assessments.
Only 122 made it to the interview round. Of these, 61 candidates took part in preliminary and advanced medical examinations.
Fourteen passed a final round of interviews and evaluations, which the UAE's first two astronauts and two female Nasa astronauts participated in.
Four candidates passed fitness, communications and teamwork tests, from whom the new astronauts were selected.
Salem Al Marri, head of the astronaut programme at the Mohammed bin Rashid Space Centre (Mbrsc), said the space centre's goal was pick the best out of the lot.
"The team at Mbrsc has worked tirelessly after receiving applications to evaluate them according to specific criteria and standards, and then conducted successive evaluations to ensure the selection of the best candidates, until we reached this point to announce the new astronauts," he said.
Training stage
Ms Al Matrooshi and Mr Al Mulla will join the first two astronauts for training at Nasa's Johnson Space Centre in Houston, Texas, US.
The start of their journey into the UAE's Astronaut Programme will be different to that undertaken by Maj Al Mansouri and Mr Al Neyadi, who were trained by the Russians after they were selected.
The two Emiratis spent a year training in Star City, in western Russia, for the first space mission, that included a week for Maj Al Mansouri on the International Space Station.
Now the Mohammed bin Rashid Space Centre and Nasa have signed an agreement to train four Emirati astronauts.
Maj Al Mansouri and Mr Al Neyadi have already completed six months of training under Nasa’s Astronaut Candidate Training Programme.
The two new astronauts will begin their training once the new class begins at the end of the year.
Once completed, all of four them will be qualified for Nasa-led space missions.
Yousuf Al Shaibani, director-general of Mbrsc, said the selection of the two new astronauts would help the nation continue to write a new scientific history for the Arab region in the field of space exploration.
"With the first batch of the UAE Astronaut Programme, we were able to catch the world's attention, by raising the UAE flag on the International Space Station," he said.
"We still remember the pride that swept the country when the first Emirati astronaut took off to space. Today, we are moving towards achieving another momentous occasion by announcing the second batch and will continue on our plans to enhance the capabilities of Emirati youth in the space sector.”
Female firsts in the space sector
• In 1963, Russian cosmonaut Valentina Tereshkova was the first woman in space. She was selected from more than 400 applicants.
• The former Soviet Union sent the second woman to space in 1982. Svetlana Savitskaya was also the first woman to perform a spacewalk.
• US space agency Nasa sent Sally Ride into space in 1983. She was the first American female astronaut.
• The International Space Station had its first female commander in 2007, when Nasa astronaut Peggy Whitson took charge.
• The first all-female spacewalk took place in 2019, by Nasa astronauts Jessica Meir and Christina Koch.
• Ms Koch also set the record for the single longest spaceflight by a woman, after spending 328 days on the ISS.
• In 1992, Mae Jemison was the first African-American woman to go to space.
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Translated by Arunava Sinha
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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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More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
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Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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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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