• Omran Sharaf, Emirates Mars Mission director. Photo: Emirates Mars Mission
    Omran Sharaf, Emirates Mars Mission director. Photo: Emirates Mars Mission
  • Sarah Al Amiri, the UAE's Minister of State for Advanced Sciences, is playing an important role in space exploration. Photo: Emirates Mars Mission
    Sarah Al Amiri, the UAE's Minister of State for Advanced Sciences, is playing an important role in space exploration. Photo: Emirates Mars Mission
  • Omar Al Shehhi, lead of integration and testing of the Hoep spacecraft. Photo: Emirates Mars Mission
    Omar Al Shehhi, lead of integration and testing of the Hoep spacecraft. Photo: Emirates Mars Mission
  • Mohammed Wali, deputy project manager of the launch team. Courtesy: Emirates Mars Mission
    Mohammed Wali, deputy project manager of the launch team. Courtesy: Emirates Mars Mission

UAE Mars project a crucial step towards dream of human missions to Red Planet, says Nasa chief


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A senior Nasa scientist has heralded the UAE's landmark Mars mission as a crucial step towards fulfilling long-held ambitions to inhabit the Red Planet.

Dr Lori Glaze, planetary science division director at the American space agency, said the findings of the Hope probe's exploration of Mars will be key to humans eventually setting foot on its surface.

The UAE's latest journey to space, which is due to launch at 12.43am (UAE time) on Friday from the Tanegashima Space Centre in Japan, is central to its wider project to form the first human settlement on Mars by 2117.

The senior scientist shared her confidence in the nation's space programme during an online meeting organised by the US Embassy in Abu Dhabi.

"I think we'll get there," said Dr Glaze of plans for humans to land on Mars.

"I would say that having multiple countries now [on Mars exploration] has increased our capability [globally] of going back and forth to Mars."

Dr Glaze, however, conceded there is a long journey ahead for the international community.

"It is very important that we take a methodical approach where we make sure we take each step at a time," she said.

Missions such as that being undertaken by the UAE will provide  scientists with valuable data to enable a greater understanding of Mars and the challenges space agencies face in putting astronauts on the planet for the first time.

"We need to be able to land those heavy spacecraft on Mars and then we need to be able to launch it off of the surface of Mars. This has never been done before," Dr Glaze said.

"We need to be able to demonstrate in-orbit rendezvous at Mars ... that once we've launched from the surface to then rendezvous with another spacecraft and then be able to get out of orbit and come back to Earth.

"So, all of these things need to be demonstrated even before we send the first human to Mars.

  • The Hope probe was placed inside this payload fairing last week and was transferred to building where the rocket is kept. Courtesy: Shoma Watanbe
    The Hope probe was placed inside this payload fairing last week and was transferred to building where the rocket is kept. Courtesy: Shoma Watanbe
  • The launch pad is ready to receive the H-IIA rocket, which will deliver the Hope probe to space. It will take 30 to 40-minutes for the rocket to be transported to the launch pad. Courtesy: Yoshiaki Sakita
    The launch pad is ready to receive the H-IIA rocket, which will deliver the Hope probe to space. It will take 30 to 40-minutes for the rocket to be transported to the launch pad. Courtesy: Yoshiaki Sakita
  • The payload fairing, which is holding the spacecraft, has been mounted on top of the rocket. The structure is meant to protect the probe from dynamic pressure and aerodynamic heating it experiences during its launch into an atmosphere. Courtesy: Shoma Watanbe
    The payload fairing, which is holding the spacecraft, has been mounted on top of the rocket. The structure is meant to protect the probe from dynamic pressure and aerodynamic heating it experiences during its launch into an atmosphere. Courtesy: Shoma Watanbe
  • The probe was already fuelled with 800kgs of hydrogen for its seven-month-long journey to Mars. Courtesy: Emirates Mars Mission
    The probe was already fuelled with 800kgs of hydrogen for its seven-month-long journey to Mars. Courtesy: Emirates Mars Mission
  • The H-IIA rocket that will carry the Hope probe into space. Dubai Twitter account
    The H-IIA rocket that will carry the Hope probe into space. Dubai Twitter account
  • All launch viewing events in Tanegashima have been suspended as part of the Covid-19 safety measures. Signs have been up in all of popular spots, asking the public to keep a 3km distance from the Tanegashima Space Centre on launch day. Courtesy: Yoshiaki Sakita
    All launch viewing events in Tanegashima have been suspended as part of the Covid-19 safety measures. Signs have been up in all of popular spots, asking the public to keep a 3km distance from the Tanegashima Space Centre on launch day. Courtesy: Yoshiaki Sakita
  • The most popular launch viewing site is the Rocket Hill. It is a five-minute drive from the main building of the Tangashima Space Centre and offers a clear view of the launch. It remains closed to the public. The National
    The most popular launch viewing site is the Rocket Hill. It is a five-minute drive from the main building of the Tangashima Space Centre and offers a clear view of the launch. It remains closed to the public. The National
  • The free bus tour and exhibition at the Tanegashima Space Centre has also been suspended in efforts to contain the Covid-19 spread. Signs were placed outside of the centre, alerting the public. Courtesy: Yoshiaki Sakita
    The free bus tour and exhibition at the Tanegashima Space Centre has also been suspended in efforts to contain the Covid-19 spread. Signs were placed outside of the centre, alerting the public. Courtesy: Yoshiaki Sakita
  • Engineers at the launch site in Tanegashima island, Japan. Courtesy: Emirates Mars Mission
    Engineers at the launch site in Tanegashima island, Japan. Courtesy: Emirates Mars Mission
  • The completed Hope spacecraft. It will study the lower and upper atmosphere of Mars. Courtesy: Emirates Mars Mission
    The completed Hope spacecraft. It will study the lower and upper atmosphere of Mars. Courtesy: Emirates Mars Mission

"I think we need to have realistic expectation and take it one step at a time and keep moving to that next step and that next level of capability so that we can eventually realise that dream."

The Emirates Mars Mission will study the atmosphere on the planet, complementing work being carried out by counterparts in America.

"We [Nasa] are also taking information on how the atmosphere is lost to space. This is very important information for helping us to understand how the atmosphere of Mars has changed and evolved over time," Dr Glaze said.

"So I think that combining the information from Nasa’s Maven [Mars Atmosphere and Volatile Evolution] mission and the UAE’s Hope probe will help further our understanding of how that atmosphere is currently being lost to space, but also provide us new insight into how it has changed over time, how it has been lost over time. So it will be a major contributor to that science question as well."

The Maven spacecraft reached the orbit around Mars in 2014 and is still studying the red planet’s upper atmosphere.

Dr Glaze will be joining two scientists from the UAE Space Agency at an online meeting to discuss the Hope probe launch. The event, hosted by the US Embassy in collaboration with Nasa and the UAE Space Agency, will take place ‪on Tuesday at 4pm.

To register for the online event, visit this link.

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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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Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

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Courtesy: Crystal Intelligence

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COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

The Bio

Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”

Holiday destination: “I like Paris very much, it’s a city very close to my heart.”

Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”

Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”

UAE v Ireland

1st ODI, UAE win by 6 wickets

2nd ODI, January 12

3rd ODI, January 14

4th ODI, January 16

The Bio

Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity