Mars
Mars
Mars
Mars

UAE Hope probe: countdown on as Mars mission enters most complex phase


Sarwat Nasir
  • English
  • Arabic

In nine days, Mohammed bin Rashid Space Centre's mission control room will be packed with anxious engineers, watching a years-long mission reach its target destination in outer space.

Their eyes will be glued to the giant monitoring screens that span the walls of the huge room to track, guide and communicate with the Hope probe as it approaches Mars.

At the time of arrival, however, there will be nothing they can do to ensure orbit insertion goes as planned.

Because of the distance between Earth and Mars, any command sent to the spacecraft or incoming telemetry will be delayed by 11 minutes.

Contact will be temporarily lost as Hope travels behind Mars - an event known as an occultation - creating a tense blackout period when the probe will attempt to be captured into the orbit on February 9.

Engineers rely solely on programmed manoeuvres set into the orbiter to accomplish this daring feat.

More than 50 per cent of Mars missions fail. Only India has successfully entered the Martian orbit on a maiden flight.

With the countdown under way, The National visited mission control to see how the team is preparing for this landmark event.

'It's a little unnerving'

Omar Abdelrahman Hussain, mission design and navigation lead, said the Mars orbit insertion is equally challenging as the rocket launch stage.

“We’re going to slow down the spacecraft from more than 100,000 kilometres per hour down to 18,000kph,” he said.

“Another problem is that we have an 11-minute communication delay both ways, so that’s a little unnerving for us because we won’t have the time to send any commands."

Engineers at Mohammed bin Rashid Space Centre's mission control are confident in the Hope probe's design to achieve Mars orbit insertion. Chris Whiteoak / The National
Engineers at Mohammed bin Rashid Space Centre's mission control are confident in the Hope probe's design to achieve Mars orbit insertion. Chris Whiteoak / The National

For orbit insertion, the spacecraft will perform an autonomous action that involves firing its six thrusters for 28 minutes to de-accelerate. The riskiest part is ensuring the burn begins at the exact right time, so it reaches the correct target in orbit.

The team will not be able to send any live commands, but they can monitor the performance of the burn.

“We do have all of the contingencies built into the spacecraft so we don’t have to interact with it during this very critical period,” Mr Hussain said.

“Then, we’ll go into an occultation and that will be the first time we won’t have contact with the spacecraft for a few minutes. The success of this phase will be a big reason for the mission’s success.”

Engineers are expecting the occultation to last about 15 minutes. During some previous Nasa missions, it has lasted up to 30 minutes.

Once the delayed telemetry is restored, the team will have a clearer idea of the spacecraft's health and if it successfully entered Mars' orbit.

What could go wrong?

As in all space missions, there are also many risks involved with this one. Hope probe has only one shot of getting it right.

However, the team feels confident the spacecraft’s programming and excellent performance so far is will mean a successful orbit entry.

Hamad Alhazami, command controller, said: “I have full faith in my colleagues, their design, work and our systems. We’ve practised this many times and it feels like another rehearsal – that’s how hard we’ve worked on this project.”

Mission to Mars. The National
Mission to Mars. The National

Ayesha Al Sharafi, spacecraft propulsion subsystem lead, said: “I am nervous. This is the longest period of time we will be using the propulsion, but I also have a lot of confidence on how well the mission has progressed so far.”

The probe’s thrusters have been tested and used before and after its launch into space, including when course correction manoeuvres were needed.

All commands were first sent to a model satellite on ground, called a flatsat, to measure how it will react.

If any of the six thrusters fail during orbit entry, the spacecraft is programmed to automatically adjust to correct its trajectory.

What happens after orbit entry?

Nasa’s Deep Space Network radio antenna in Madrid, Spain, will be the first to know if orbit insertion was successful.

After spending 40 hours in the capture orbit, the spacecraft will be transferred into the science orbit, where it will spend two years studying the planet’s upper and lower atmosphere.

Khalid Badri, instrument science engineer, said the scientific instruments – an infrared spectrometer, exploration imager and ultraviolet spectrometer – will be tested.

“After the completion of orbit insertion, we will perform checks to make sure the detectors and instruments are healthy to do the observations when entering Mars,” he said.

Hope probe's launch into space - in pictures 

  • The Hope probe launches from Japan's Tanegashima Space Centre on July 20. AFP
    The Hope probe launches from Japan's Tanegashima Space Centre on July 20. AFP
  • It will take the spacecraft, which later detached from the rocket, about 200 days to reach the Red Planet, arriving in February 2021. Courtesy: Mitsubishi Heavy Industries
    It will take the spacecraft, which later detached from the rocket, about 200 days to reach the Red Planet, arriving in February 2021. Courtesy: Mitsubishi Heavy Industries
  • The launch of the rocket is captured on video at Japan's Tanegashima Space Centre. Courtesy: Mitsubishi Heavy Industries
    The launch of the rocket is captured on video at Japan's Tanegashima Space Centre. Courtesy: Mitsubishi Heavy Industries
  • The first homegrown Arab space mission drew in interest from across the globe. Courtesy: Mitsubishi Heavy Industries
    The first homegrown Arab space mission drew in interest from across the globe. Courtesy: Mitsubishi Heavy Industries
  • The launch of the rocket from Japan's Tanegashima Space Centre. Courtesy: Mitsubishi Heavy Industries
    The launch of the rocket from Japan's Tanegashima Space Centre. Courtesy: Mitsubishi Heavy Industries
  • Waiting for the launch in the morning light. MHI Launch Services twitter
    Waiting for the launch in the morning light. MHI Launch Services twitter
  • Emirati journalists clap as they watch the launch of the Hope space probe at Mohammed bin Rashid Space Centre in Dubai. AP
    Emirati journalists clap as they watch the launch of the Hope space probe at Mohammed bin Rashid Space Centre in Dubai. AP
  • A broadcasting of the launch of the Hope Mars probe at the Mohammed Bin Rashid Space Centre in Dubai. AFP
    A broadcasting of the launch of the Hope Mars probe at the Mohammed Bin Rashid Space Centre in Dubai. AFP
  • An Emirati man wipes a tear away with his face mask while watching the launch of the Hope space probe at Mohammed bin Rashid Space Centre in Dubai. AP
    An Emirati man wipes a tear away with his face mask while watching the launch of the Hope space probe at Mohammed bin Rashid Space Centre in Dubai. AP
  • Mohammed Al Mannaee, an announcer with Dubai TV, reacts as he watches the launch. AP
    Mohammed Al Mannaee, an announcer with Dubai TV, reacts as he watches the launch. AP
  • Sarah Al Ameeri and the UAE team watch the launch at at the Tanegashima Space Centre
    Sarah Al Ameeri and the UAE team watch the launch at at the Tanegashima Space Centre
  • The UAE team watch the launch of the Mars Hope probe at at the Tanegashima Space Centre.
    The UAE team watch the launch of the Mars Hope probe at at the Tanegashima Space Centre.
  • Sarah Al Ameeri and the UAE team watch the launch at at the Tanegashima Space Centre
    Sarah Al Ameeri and the UAE team watch the launch at at the Tanegashima Space Centre
  • A screen broadcasts the launch of the Mars probe at Mohammed bin Rashid Space Centre in Dubai. AFP
    A screen broadcasts the launch of the Mars probe at Mohammed bin Rashid Space Centre in Dubai. AFP
  • Solid rocket booster (SRB-A) was separated after burnout during the launch of the H-2A rocket carrying the Hope Probe, developed by the Mohammed Bin Rashid Space Centre (MBRSC) in the United Arab Emirates (UAE) for the Mars explore, are recorded by cameras onboard the rocket after the lauch from Tanegashima Space Center on the island of Tanegashima, Japan. REUTERS
    Solid rocket booster (SRB-A) was separated after burnout during the launch of the H-2A rocket carrying the Hope Probe, developed by the Mohammed Bin Rashid Space Centre (MBRSC) in the United Arab Emirates (UAE) for the Mars explore, are recorded by cameras onboard the rocket after the lauch from Tanegashima Space Center on the island of Tanegashima, Japan. REUTERS
  • A screen broadcasts the launch of the Mars probe at Mohammed bin Rashid Space Centre in Dubai. AFP
    A screen broadcasts the launch of the Mars probe at Mohammed bin Rashid Space Centre in Dubai. AFP
  • The launch of the rocket from Japan's Tanegashima Space Centre. Courtesy: MHI Launch Services
    The launch of the rocket from Japan's Tanegashima Space Centre. Courtesy: MHI Launch Services
  • Omran Sharaf, the project director for the Hope space probe, speaks on his mobile phone at Mohammed bin Rashid Space Centre in Dubai. AP
    Omran Sharaf, the project director for the Hope space probe, speaks on his mobile phone at Mohammed bin Rashid Space Centre in Dubai. AP
  • Sarah Al Ameeri, Minister of State for Advanced Sciences of United Arab Emirates, celebrates with Naohiko Abe, Mitsubishi Heavy Industries (MHI) Senior Vice President, Head of Integrated Defence and Space Systems, after the successful launch of the H-2A rocket carrying the Hope Probe, developed by the Mohammed Bin Rashid Space Centre (MBRSC) in the United Arab Emirates (UAE) for the Mars explore, at Tanegashima Space Center on the island of Tanegashima, Japan. REUTERS
    Sarah Al Ameeri, Minister of State for Advanced Sciences of United Arab Emirates, celebrates with Naohiko Abe, Mitsubishi Heavy Industries (MHI) Senior Vice President, Head of Integrated Defence and Space Systems, after the successful launch of the H-2A rocket carrying the Hope Probe, developed by the Mohammed Bin Rashid Space Centre (MBRSC) in the United Arab Emirates (UAE) for the Mars explore, at Tanegashima Space Center on the island of Tanegashima, Japan. REUTERS
  • Emiratis are pictured at the Mohammed Bin Rashid Space Centre in Dubai ahead of the expected launch of the "Hope" Mars probe from Japan. AFP
    Emiratis are pictured at the Mohammed Bin Rashid Space Centre in Dubai ahead of the expected launch of the "Hope" Mars probe from Japan. AFP
  • The weather was clear over Tanegashima Island in southern Japan on Sunday after weeks of rain and cloudy conditions. Courtesy: Dubai Media Office
    The weather was clear over Tanegashima Island in southern Japan on Sunday after weeks of rain and cloudy conditions. Courtesy: Dubai Media Office
  • Emirati engineers wave in a picture taken on Sunday from Japan's Tanegashima Space Centre. Courtesy: Emirates Mars Mission / UAE Space Agency
    Emirati engineers wave in a picture taken on Sunday from Japan's Tanegashima Space Centre. Courtesy: Emirates Mars Mission / UAE Space Agency
  • The launch of the rocket from Japan's Tanegashima Space Centre. Screengrab courtesy MHI Launch Services
    The launch of the rocket from Japan's Tanegashima Space Centre. Screengrab courtesy MHI Launch Services
Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
GYAN’S ASIAN OUTPUT

2011-2015: Al Ain – 123 apps, 128 goals

2015-2017: Shanghai SIPG – 20 apps, 7 goals

2016-2017: Al Ahli (loan) – 25 apps, 11 goals

RACE CARD

5pm: Sheikh Mansour bin Zayed Al Nahyan Racing Festival Purebred Arabian Cup Conditions (PA); Dh 200,000 (Turf) 1,600m
5.30pm: Sheikha Fatima bint Mubarak Cup Conditions (PA); Dh 200,000 (T) 1,600m
6pm: Sheikh Sultan bin Zayed Al Nahyan National Day Cup Listed (TB); Dh 380,000 (T) 1,600m
6.30pm: Sheikh Sultan bin Zayed Al Nahyan National Day Group 3 (PA); Dh 500,000 (T) 1,600m
7pm: Sheikh Sultan bin Zayed Al Nahyan National Day Jewel Crown Group 1 (PA); Dh 5,000,000 (T) 2,200m
7.30pm: Sheikh Mansour bin Zayed Al Nahyan Racing Festival Handicap (PA); Dh 150,000 (T) 1,400m
8pm: Wathba Stallions Cup Handicap (PA) Dh 100,000 (T); 1,400m

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 

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) 

'Spies in Disguise'

Director: Nick Bruno and Troy Quane

Stars: Will Smith, Tom Holland, Karen Gillan and Roshida Jones 

Rating: 4 out of 5 stars

Dunbar
Edward St Aubyn
Hogarth

PRO BASH

Thursday’s fixtures

6pm: Hyderabad Nawabs v Pakhtoon Warriors

10pm: Lahore Sikandars v Pakhtoon Blasters

Teams

Chennai Knights, Lahore Sikandars, Pakhtoon Blasters, Abu Dhabi Stars, Abu Dhabi Dragons, Pakhtoon Warriors and Hyderabad Nawabs.

Squad rules

All teams consist of 15-player squads that include those contracted in the diamond (3), platinum (2) and gold (2) categories, plus eight free to sign team members.

Tournament rules

The matches are of 25 over-a-side with an 8-over power play in which only two fielders allowed outside the 30-yard circle. Teams play in a single round robin league followed by the semi-finals and final. The league toppers will feature in the semi-final eliminator.

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
ACC%20T20%20Women%E2%80%99s%20Championship
%3Cp%3E%3Cstrong%3EUAE%20fixtures%3C%2Fstrong%3E%3Cbr%3EFriday%2C%20June%2017%20v%20Oman%3Cbr%3ESaturday%2C%20June%2018%20v%20Singapore%3Cbr%3EMonday%2C%20June%2020%20v%20Malaysia%3Cbr%3EWednesday%2C%20June%2022%20v%20Qatar%3Cbr%3EFriday%2C%20June%2024%2C%20semi-final%3Cbr%3ESaturday%2C%20June%2025%2C%20final%3Cbr%3E%20%3Cbr%3E%3Cstrong%3EUAE%20squad%3A%3C%2Fstrong%3E%20Chaya%20Mughal%20(captain)%2C%20Esha%20Oza%2C%20Indhuja%20Nandakumar%2C%20Kavisha%20Kumari%2C%20Khushi%20Sharma%2C%20Lavanya%20Keny%2C%20Priyanjali%20Jain%2C%20Rithika%20Rajith%2C%20Samaira%20Dharnidharka%2C%20Sanchin%20Singh%2C%20Siya%20Gokhale%2C%20Suraksha%20Kotte%2C%20Theertha%20Satish%2C%20Vaishnave%20Mahesh%3C%2Fp%3E%0A
THE BIO

Mr Al Qassimi is 37 and lives in Dubai
He is a keen drummer and loves gardening
His favourite way to unwind is spending time with his two children and cooking

RESULTS FOR STAGE 4

Stage 4 Dubai to Hatta, 197 km, Road race.

Overall leader Primoz Roglic SLO (Team Jumbo - Visma)

Stage winners: 1. Caleb Ewan AUS (Lotto - Soudal) 2. Matteo Moschetti ITA (Trek - Segafredo) 3. Primoz Roglic SLO (Team Jumbo - Visma)

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
How Apple's credit card works

The Apple Card looks different from a traditional credit card — there's no number on the front and the users' name is etched in metal. The card expands the company's digital Apple Pay services, marrying the physical card to a virtual one and integrating both with the iPhone. Its attributes include quick sign-up, elimination of most fees, strong security protections and cash back.

What does it cost?

Apple says there are no fees associated with the card. That means no late fee, no annual fee, no international fee and no over-the-limit fees. It also said it aims to have among the lowest interest rates in the industry. Users must have an iPhone to use the card, which comes at a cost. But they will earn cash back on their purchases — 3 per cent on Apple purchases, 2 per cent on those with the virtual card and 1 per cent with the physical card. Apple says it is the only card to provide those rewards in real time, so that cash earned can be used immediately.

What will the interest rate be?

The card doesn't come out until summer but Apple has said that as of March, the variable annual percentage rate on the card could be anywhere from 13.24 per cent to 24.24 per cent based on creditworthiness. That's in line with the rest of the market, according to analysts

What about security? 

The physical card has no numbers so purchases are made with the embedded chip and the digital version lives in your Apple Wallet on your phone, where it's protected by fingerprints or facial recognition. That means that even if someone steals your phone, they won't be able to use the card to buy things.

Is it easy to use?

Apple says users will be able to sign up for the card in the Wallet app on their iPhone and begin using it almost immediately. It also tracks spending on the phone in a more user-friendly format, eliminating some of the gibberish that fills a traditional credit card statement. Plus it includes some budgeting tools, such as tracking spending and providing estimates of how much interest could be charged on a purchase to help people make an informed decision. 

* Associated Press 

At a glance

- 20,000 new jobs for Emiratis over three years

- Dh300 million set aside to train 18,000 jobseekers in new skills

- Managerial jobs in government restricted to Emiratis

- Emiratis to get priority for 160 types of job in private sector

- Portion of VAT revenues will fund more graduate programmes

- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government

Fighting with My Family

Director: Stephen Merchant 

Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell        

Four stars

TUESDAY'S ORDER OF PLAY

Centre Court

Starting at 2pm:

Elina Svitolina (UKR) [3] v Jennifer Brady (USA)

Anastasia Pavlyuchenkova (RUS) v Belinda Bencic (SUI [4]

Not before 7pm:

Sofia Kenin (USA) [5] v Elena Rybakina (KAZ)

Maria Sakkari (GRE) v Aryna Sabalenka (BLR) [7]

 

Court One

Starting at midday:

Karolina Muchova (CZE) v Katerina Siniakova (CZE)

Kristina Mladenovic (FRA) v Aliaksandra Sasnovich (BLR)

Veronika Kudermetova (RUS) v Dayana Yastermska (UKR)

Petra Martic (CRO) [8] v Su-Wei Hsieh (TPE)

Sorana Cirstea (ROU) v Anett Kontaveit (EST)

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

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

Match info

Uefa Nations League A Group 4

England 2 (Lingard 78', Kane 85')
Croatia 1 (Kramaric 57')

Man of the match: Harry Kane (England)

THE%C2%A0SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.4-litre%20four-cylinder%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20210hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starting%20from%20Dh89%2C900%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
The%20Iron%20Claw
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Sean%20Durkin%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Zac%20Efron%2C%20Jeremy%20Allen%20White%2C%20Harris%20Dickinson%2C%20Maura%20Tierney%2C%20Holt%20McCallany%2C%20Lily%20James%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
MATCH INFO

Confederations Cup Group B

Germany v Chile

Kick-off: Thursday, 10pm (UAE)

Where: Kazan Arena, Kazan

Watch live: Abu Dhabi Sports HD

Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

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%20Profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EDirect%20Debit%20System%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20Sept%202017%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20with%20a%20subsidiary%20in%20the%20UK%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Undisclosed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Elaine%20Jones%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3C%2Fp%3E%0A
Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

Racecard
%3Cp%3E6pm%3A%20The%20Madjani%20Stakes%20%E2%80%93%20Group%202%20(PA)%20Dh97%2C500%20(Dirt)%201%2C900m%3Cbr%3E6.35pm%3A%20Graduate%20Stakes%20%E2%80%93%20Conditions%20(TB)%20Dh100%2C000%20(D)%201%2C400m%3Cbr%3E7.10pm%3A%20Longines%20Dolcevita%20Collection%20%E2%80%93%20Maiden%20(TB)%20Dh82%2C500%20(D)%201%2C400m%3Cbr%3E7.45pm%3A%20Longines%20Legend%20Driver%20Collection%20%E2%80%93%20Maiden%20(TB)%20Dh82%2C500%20(D)%201%2C600m%3Cbr%3E8.20pm%3A%20Longines%20Master%20Collection%20%E2%80%93%20Handicap%20(TB)%20Dh105%2C000%20(D)%201%2C200m%3Cbr%3E8.55pm%3A%20Longines%20Record%20Collection%20%E2%80%93%20Handicap%20(TB)%20Dh87%2C500%20(D)%202%2C200m%3Cbr%3E9.30pm%3A%20Longines%20Spirit%20Collection%20%E2%80%93%20Handicap%20(TB)%20Dh87%2C500%20(D)%201%2C600m%3C%2Fp%3E%0A
The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45