A world-leading space company is opening its first office in Abu Dhabi after being lured to the UAE by the country’s ambitious cosmic exploration programme.
NanoRacks, a Houston firm which offers commercial private satellite launch and research services, is to open a base on Al Maryah Island, as part of the new Hub71 initiative which is designed to offer a home to technology companies.
The company was involved with a partnership with the Mohammed bin Rashid Space Centre in which Emirati students were offered the chance to have their experiments in microgravity carried out in space.
The company chief executive, Jeffrey Manber, said the UAE’s space plans, which hit a major milestone this week when Hazza Al Mansouri became the first Emirati in space, had helped persuade NanoRacks to move into Abu Dhabi.
"They are serious about becoming a space-faring nation," Mr Manber told The New York Times. "I also like the fact, to be candid, that they comfortably work with Russia, they comfortably work with China and they comfortably work with the United States and the European Space Agency. I think that is a model for the future."
The company is also attracted by what it sees as a growing space sector in the UAE and the wider region, and will offer comprehensive technical support to customers.
The Hub71 initiative is aiming to become home to over 100 technology start-ups by 2021, with the plan forming part of Abu Dhabi's wider Ghadan 21 economic reform package designed to lessen the emirates' economic dependence on oil.
Last November, NanoRacks helped launch a CubeSat, a type of miniature satellite which was developed and built by students at Khalifa University. NanoRacks has also partnered with the UAE on a project to grow an Emirati palm tree in space.
“The teams in the UAE, especially the Space Agency, have been excellent partners as NanoRacks develops in the region, and we’re beyond excited to grow with the nation as space exploration becomes a part of the local DNA,” said Allen Herbert, the firm’s vice president of business development and strategy.
“NanoRacks mission is to make the wonders of space accessible to everyone around the world, and we can’t wait to explore the universe with the incredible institutions, agencies, companies, and students in the region.
“Our work in the region is just getting started. Over the next few months, we plan to have a lot of exciting announcements, including new customers, partnerships, and programmes.”
Among the companies which have already announced joining Hub71 is WeWork, a US office space rental firm which plans to assist tech companies and academics early next year.
“It’s very exciting to have our first US space tech company on board,” said Mahmoud Adi, head of Hub71.
“Hub71 aims to be home to globally enduring tech companies like NanoRacks who are eager to capitalise on the regions’ commercial opportunities.”
UAE currency: the story behind the money in your pockets
Results
5pm: Wadi Nagab – Maiden (PA) Dh80,000 (Turf) 1,200m; Winner: Al Falaq, Antonio Fresu (jockey), Ahmed Al Shemaili (trainer)
5.30pm: Wadi Sidr – Handicap (PA) Dh80,000 (T) 1,200m; Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel
6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Fakhama, Fernando Jara, Mohamed Daggash
6.30pm: Wadi Shees – Handicap (PA) Dh80,000 (T) 2,200m; Winner: Mutaqadim, Antonio Fresu, Ibrahim Al Hadhrami
7pm: Arabian Triple Crown Round-1 – Listed (PA) Dh230,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami
7.30pm: Wadi Tayyibah – Maiden (TB) Dh80,000 (T) 1,600m; Winner: Poster Paint, Patrick Cosgrave, Bhupat Seemar
THE APPRENTICE
Director: Ali Abbasi
Starring: Sebastian Stan, Maria Bakalova, Jeremy Strong
Rating: 3/5
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
UAE currency: the story behind the money in your pockets
Company%20profile
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UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
COMPANY%20PROFILE
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Zakat definitions
Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.
Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.
Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.
Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.
Company%C2%A0profile
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