Related: China and Russia reveal images of International Lunar Research Station
The UAE plans to send several space vehicles, including rovers and orbiters, to the Moon as part of the nation’s exploration of space.
An Emirati official revealed the news at a global space conference in Russia.
Salem Al Marri, deputy director general of the Mohammed bin Rashid Space Centre, outlined the UAE's long-term Moon exploration programme during the third day of the Global Space Exploration Conference in St Petersburg.
After the first rover, Rashid, is sent next year, a second rover will be developed and taken to the lunar surface by 2024 or 2025.
The plan includes building and launching Moon orbiters, forming new partnerships to send Emirati astronauts to the lunar surface and supporting local start-ups by using their technology or science in the missions.
In April, The National exclusively revealed the UAE's plans to expand its Moon programme. Mr Al Marri provided more details: "We do have a long-term Moon exploration plan, which was kicked off by Mars.
“A lot of people asked the question why we skipped over the Moon when we launched the Hope probe to Mars. But we’ve kicked off our latest project, which is the Rashid rover that will explore the lunar surface.
“Our objective is to build and send a second rover by 2024 or 2025. There are plans of sending orbiters around the Moon and we do have an eye on human exploration of the Moon in partnership with different players.”
The efforts are part of the UAE's strategy to be involved in global space exploration. These are currently focused on setting up a human base on the Moon from where astronauts will be sent to Mars.
Different Moon missions
A lander developed by Japan’s ispace company will deliver the UAE’s Rashid rover to the lunar surface.
The vehicle will be launched on a SpaceX flight from Florida’s Kennedy Space Centre at the end of next year.
“Not only is the Moon exciting to study, it’s also closer to get to. It’s much easier to do things around the Moon than, for example, sending a rover to Mars,” Mr Al Marri said.
“Going to the Moon for us is a dual goal of achieving scientific and technological objectives, as well as preparing for future missions to land on the surface of Mars.”
Mr Al Marri said there would be payloads from other space agencies on the first rover, with details to be announced soon.
He said some companies and research institutions are willing to contribute financially to send their payloads on the second rover.
“In the next mission, we do see interest from commercial players and from start-up companies in the UAE that we want to support and endorse,” he said.
“We want our next and future rovers to be used as platforms by start-up companies, universities [and] commercial players to test their ideas, to implement them.”
Mr Al Marri said access to the Moon for small nations like the UAE is becoming easier through commercial space companies who are offering launch services.
Using a lander and rocket that is already available helps Emirati engineers and scientists get quicker and easier access to space.
"Being able to partner with entities such as ispace wasn't something that was available four or five years ago," he said.
“I think in the coming years we’ll see smaller countries who haven’t previously explored the Moon take that challenge and do it effectively.”
A Moon colony
Ispace is building the Hakuto-R spacecraft, which would be capable of landing on the Moon and carrying rovers on board.
The commercial space company has ambitious plans to undertake several Moon missions and to have 1,000 people living in a Moon colony by 2040.
While the UAE plans to reach the Moon to carry out experiments, ispace is also attracting interest from private companies outside the space sector who are interested in Moon mining.
Kyle Acierno, chief executive of ispace, told the Russian conference that it is an exciting time for the Moon.
"From a commercial standpoint, we see more and more interest from outside the space community, more specifically on in situ resource utilisation," he said.
“In the past year or two, I’ve seen more mining companies, large and mid-tier ones, who are interested in understanding more about lunar resources, how they can be used, but also how can they be sold.”
The UAE is one of the countries that signed the Nasa-led Artemis Accords, which outlines principles on peaceful Moon exploration, including the utilisation of resources in space.
The accords allow countries and private companies to create "safety zones" on the Moon, where they are extracting resources, so other agencies or companies do not interfere.
However, participants are required to be transparent on their scientific findings.
The UAE has not announced any plans to extract resources. It will study regolith – lunar soil – as one of its scientific objectives.
In pictures: supermoon over the UAE
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Indika
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%2011%20Bit%20Studios%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Odd%20Meter%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%205%2C%20PC%20and%20Xbox%20series%20X%2FS%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
NINE WINLESS GAMES
Arsenal 2-2 Crystal Palace (Oct 27, PL)
Liverpool 5-5 Arsenal (Oct 30, EFL)
Arsenal 1-1 Wolves (Nov 02, PL)
Vitoria Guimaraes 1-1 Arsenal (Nov 6, Europa)
Leicester 2-0 Arsenal (Nov 9, PL)
Arsenal 2-2 Southampton (Nov 23, PL)
Arsenal 1-2 Eintracht Frankfurt (Nov 28, Europa)
Norwich 2-2 Arsenal (Dec 01, PL)
Arsenal 1-2 Brighton (Dec 05, PL)
The specs: 2019 GMC Yukon Denali
Price, base: Dh306,500
Engine: 6.2-litre V8
Transmission: 10-speed automatic
Power: 420hp @ 5,600rpm
Torque: 621Nm @ 4,100rpm
Fuel economy, combined: 12.9L / 100km
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.”
Brief scores:
Manchester City 2
Gundogan 27', De Bruyne 85'
Crystal Palace 3
Schlupp 33', Townsend 35', Milivojevic 51' (pen)
Man of the Match: Andros Townsend (Crystal Palace)
EMERGENCY PHONE NUMBERS
Estijaba – 8001717 – number to call to request coronavirus testing
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Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5