The UAE's first astronaut, Major Hazza Al Mansouri, will blast off to the International pace Station. Andrew Scott / The National
The UAE's first astronaut, Major Hazza Al Mansouri, will blast off to the International pace Station. Andrew Scott / The National
The UAE's first astronaut, Major Hazza Al Mansouri, will blast off to the International pace Station. Andrew Scott / The National
The UAE's first astronaut, Major Hazza Al Mansouri, will blast off to the International pace Station. Andrew Scott / The National

UAE astronauts eye Moon and Mars missions ahead of space journey


Andrew Scott
  • English
  • Arabic

The UAE's first astronaut has vowed to blast off into space "without fear" as hopes grow that it will be the first of many missions for the country.

Hazza Al Mansouri, 35, will soar into the skies inside a Soyuz MS-15 craft on September 25, on a momentous journey to the International Space Station.

Maj Al Mansouri and fellow Emirati Sultan Al Neyadi, reserve astronaut for the voyage, are ready for lift-off after completing a gruelling series of final tests at the Yuri Gagarin Cosmonaut Training Centre at the weekend to prepare them for the unique challenges to come.

Mr Al Neyadi believes it is just the beginning of the Emirates' ambitions, which he hopes one day will involve the country landing a man on the Moon and venturing to Mars.

The pair now have plenty of time to ponder what awaits them, as they get set to go into quarantine two weeks before the mission date, but Maj Al Mansouri is brimming with anticipation.

"I am a pilot, an F-16 pilot," Maj Al Mansouri told The National during an interview conducted deep in the Russian forest, two hours outside of Moscow.

“I have learned that risk is everywhere and it’s every day. So if you prepare for it and are ready for it and you understand it more, you will be going without any fear.”

Maj Al Mansouri will be part of the primary crew for the trip aboard ISS, joining Nasa astronaut Jessica Meir and Russian commander Oleg Skripochka.

Sultan Al Nayedi, 38, is among the back-up team - rearing to go if needed - and he is delighted to be part of a milestone moment in the story of UAE's space exploration, and hopes it is just the opening chapter.

“Our mission patch says UAE Mission One. “It’s an indication there will be a continuation,” he said.

“The UAE programme is one that is meant to stay. It is a programme that is sustainable and we are looking forward to sending more humans to space in the near future.”

Mr Al Neyadi is eager to play a pivotal role in future missions but is delighted to throw his full support behind his compatriot, Maj Al Mansouri.

“I am more excited for Hazza than Hazza is for himself,” he said.

Maj Al Mansouri, for his part, is well aware of just how significant his first steps aboard the ISS will be for his countrymen.

“I’m excited and thrilled as the day is coming closer to the launch itself,” he said.

“I’m proud to represent my country and the entire Arab region in this mission.

“I will go to the International Space Station and one of the things I will do first is go to the Cupola,” he said, describing the observatory module on the space station.

“It is like a 360 degree window. From there you can see the whole of the Earth. One of the things I want to see, is to look at Earth from there to have this feeling that humans are without any borders.”

Mr Al Neyadi is convinced this is just the first small step for the UAE's space programme, with giant leaps forward still to come.

“Sending the first astronaut to space, I think, is the first step towards achieving longer flights and probably one day landing someone on the Moon,” he said.

“And probably having an international co-operation towards sending someone to Mars in the future. It’s a really exciting time and that’s why the UAE is going in this direction.”

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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.”

Roll of honour 2019-2020

Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain

West Asia Premiership
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Runners up: UAE Premiership

UAE Premiership
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Runners up: Dubai Hurricanes

UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby

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