ABU DHABI // Emirati students will soon join teams running Nasa space missions in a sign of increased co-operation in science and education between the US and the Muslim world, according to the UAE-based organisation that secured the arrangement.
The US space agency has signed a deal with the Arab Youth Venture Foundation, a non-profit group based in Ras al Khaimah that promotes science, technology, literacy and arts education, agreeing to take up to 12 Emirati university students to work alongside some of its non-astronaut experts. "High-potential Emirati college students are going to be working in a real Nasa team of engineers, scientists, researchers, along with their US peers," said Lisa LaBonté, the chief executive of the foundation. "Our initial programme is geared towards UAE nationals, predominantly engineering or aviation students, whose experience represents a fit for qualifying Nasa missions."
Applications will open on January 1, with the shortlist later vetted by the space agency in time for the programme to start in May. Students who are selected will take part in Nasa projects at Ames Research Centre in California for between two and 10 months. Research will involve the space shuttle and the International Space Station, solar system exploration, deep space programmes, research aircraft and remote sensing.
The foundation is seeking sponsors to cover the cost of the programme, expected to be at least $30,000 (Dh110,000) per student per semester, including cost-of-living expenses and accommodation. Students cannot apply directly to Nasa. US officials welcomed the deal. "This is a superb initiative," said Richard Olson, the US ambassador to the UAE. "It is an opportunity to realise President Obama's call for expanded science and technology partnership with Arab and Muslim communities."
In a joint statement with the foundation, Nasa said the programme would "provide both Arab and US students valuable cultural exposure and experience working with their international counterparts in a team environment". Michael O'Brien, the agency's assistant administrator for external affairs, said the effort would "provide a unique opportunity for US engineering students to work with their peers from the UAE on a variety of programmes".
Ms LaBonté, whose foundation has worked with 20,000 young people in the UAE, said that despite the "keen intuition, extreme creativity and high energy" of Emirati students, many still seemed in need of stimulating projects. "The students we've seen in the engineering communities and colleges and especially in the younger kids aged six and up, there's a strong talent base that really needs to be cultivated and given opportunities that are hands-on and very dynamic," she said.
"We want the programme to be selective so that we can showcase the UAE's best of the best." But academic qualifications were not the only measure of excellence. "Just as vital as the educational focus for us would be the level of enthusiasm, the ability to communicate in English, their work experience to date and their desire to be a part of something this dynamic," she said. Ms LaBonté hopes the programme will result in a "reverse brain drain, or brain gain" for the Middle East, allowing students to nurture potential careers before returning to the country and contributing to its development.
Such educational initiatives also had the potential to improve perceptions of the US in the Muslim world, she said. "President Obama has certainly made it a mandate of his to support science and technological development in the Muslim world, and I do hope this opens the door to relationships that are more positive than they have been in the recent past." Abdulaziz Sager, the chairman and founder of the UAE-based Gulf Research Centre, praised the easing of restrictions on students seeking to study in the US as a "positive step" to improve perceptions of the US in the Muslim world.
"But this alone will not change the perception and mindset," he said. Mr Sager said the US should consider setting up educational centres similar to those of the British Council in Arab countries as a way of reaching out to more people. In addition to the political implications of the venture, professionals in the industry said, the collaboration would bring huge practical benefits to the students.
"I believe the proposed collaboration with Nasa is a truly historic moment," said Joseph Fowler, a spacecraft engineer based in the UAE. "They are at the very pinnacle of space exploration. There is no question in my mind that the students who go to Nasa will firstly be broadened by the experience of working with experienced space professionals, but secondly they will be immersed in the Nasa way of doing things.
"The Emirati students will be able to see how important teamwork is. The training they receive at Nasa could easily be applied to any career back in the UAE. The emphasis on teamwork, process, policy and procedure should see to that." Dr Mohammad al Jarrah, professor and head of mechanical engineering at the American University of Sharjah and the founding director of its mechatronics graduate programme, said he hoped the venture was a precursor to more ambitious scientific efforts in the Arab world.
"It is time to establish a research and development institution similar in scope to Nasa to lead the Arab world to the aerospace world of science and technology," said Dr al Jarrah, who earned his PhD in aeronautical engineering from Stanford University in California. "I know that this is a dream at the moment, but sooner or later we need to make the start." Collaboration with Nasa would allow the development of human resources and expertise to help sustain a burgeoning aerospace industry, he said.
"Genuine Nasa involvement will bring about an accelerated development in the region in the growing regional aerospace industry," he said. "It will make the task of the scientists and engineers working in the region much easier by communicating and sharing their problems and problem solving with experienced Nasa partners. "We need not reinvent the wheel. Getting the appropriate know-how is critical and is invaluable in the long term for the country and the region."
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The 12 breakaway clubs
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AC Milan, Inter Milan, Juventus
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MATCH INFO
Scotland 59 (Tries: Hastings (2), G Horne (3), Turner, Seymour, Barclay, Kinghorn, McInally; Cons: Hastings 8)
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Killing of Qassem Suleimani
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Day 5, Abu Dhabi Test: At a glance
Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.
Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.
The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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.”
Killing of Qassem Suleimani