The UAE intends to land its Rashid rover on the near side of the moon, selecting five possible locations before the landmark mission.
Officials are laying the groundwork for a planned 2024 launch, in the latest significant step forward for the country's burgeoning space sector.
The UAE's Hope Probe - the first Arab mission to Mars - is set to reach the Red Planet in February.
Now, the country has it sights firmly set on travelling to the Moon.
The mission was announced by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, last month.
Compared to the far side of the Moon, the near side offers a smoother surface with less craters.
The majority of lunar missions so far have explored only the Earth-facing side of the Moon, with notable exceptions including China's Chang'e-4 probe that became the first to land on the far side in 2019, the Soviet Luna 3 orbiter that captured the first images in 1959, the Apollo 8 mission in 1968 and Apollo 16.
Hamad Al Marzooqi, head of the Emirates Lunar Mission, said they are selecting areas on the Moon that remain unexplored and match a certain criteria.
"It (the location) has to have interesting features that can be explored through our science instruments," he said, during a virtual forum held by the Italian Embassy in the UAE on Thursday.
"The area should have no slopes bigger than 15 degrees, the distribution of boulders should be less than 30 centimetres in height; it will be near side of the moon and we are targeting mid-latitude locations."
A primary location and a back-up location will be selected soon.
Near side versus far side
The far side of the Moon has a rougher surface, with more craters and less maria – the large, dark, plains on the moon believed to be formed by ancient volcanic eruptions.
The near side experienced more volcanic eruptions, helping create a smoother surface.
Only the near side is visible from Earth because the Moon rotates on its axis at the same rate it orbits the Earth.
Some of the far side is visible, however, because the Moon’s elliptical orbit shows areas beyond its east and western horizons. The Moon seasons tend to show very little of the North and South poles.
Scientific research on Moon
Mr Al Mazrooqi said the mission's key scientific areas of interest are studying the properties of lunar regolith – lunar soil.
The mission will study the petrography and geology of the Moon.
Another focus area will be studying the lunar surface plasma conditions, photoelectron sheath and dust transportation.
The mission will also help determine what kind of future mission technologies are needed.
Its findings will contribute to global efforts to build a space station, called Lunar Gateway, in the Moon's orbit.
The UAE could benefit from that space station, as it works towards its long-term goal of building a city on Mars by 2117.
The US' 'Moon to Mars' programme has brought forward many international supporters.
Rover specifics
Rashid will be able to travel at a maximum speed of 10 centimetres per second.
The rover, equipped with four wheels, can climb over an obstacle at a maximum height of 10 centimetres and descend down on slope of 20 degrees.
It will have two high resolution optical imagers for photos – the CAM-1 and Cam-2.
The thermal imager, CAM-T, is the scientific camera, which can analyse different properties on the moon using the particle's thermal energy.
The Langmuir Probes on the rover will analyse the lunar surface charge and electric fields.
Emirati engineers will build the rover, but the lander – a landing spacecraft that holds the rover – is to be acquired through either an international partner or commercial provider.
"We are currently negotiating with different potential partners and we are at an advanced stage in (selecting) a lander, and we'll disclose the conclusions of these discussions in the coming months," said Mr Al Mazrooqi.
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
The view from The National
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
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.”
SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2)
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GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
ICC T20 Team of 2021
Jos Buttler, Mohammad Rizwan, Babar Azam, Aiden Markram, Mitchell Marsh, David Miller, Tabraiz Shamsi, Josh Hazlewood, Wanindu Hasaranga, Mustafizur Rahman, Shaheen Afridi
SPAIN SQUAD
Goalkeepers Simon (Athletic Bilbao), De Gea (Manchester United), Sanchez (Brighton)
Defenders Gaya (Valencia), Alba (Barcelona), P Torres (Villarreal), Laporte (Manchester City), Garcia (Manchester City), D Llorente (Leeds), Azpilicueta (Chelsea)
Midfielders Busquets (Barcelona), Rodri (Manchester City), Pedri (Barcelona), Thiago (Liverpool), Koke (Atletico Madrid), Ruiz (Napoli), M Llorente (Atletico Madrid)
Forwards: Olmo (RB Leipzig), Oyarzabal (Real Sociedad), Morata (Juventus), Moreno (Villarreal), F Torres (Manchester City), Traore (Wolves), Sarabia (PSG)
KILLING OF QASSEM SULEIMANI
Armies of Sand
By Kenneth Pollack (Oxford University Press)