Mr Piccard addresses the summit at a plenary session tomorrow afternoon.
q When was the Solar Impulse project conceived?
a Following the around-the-world balloon flight in 1999. To achieve this success, we took off with almost four tonnes of liquid propane and landed with only 40kg. Realising that the lack of fuel could have made the mission fail, I made a promise to myself. The next time I'd fly around the world, I'd do it without fuel or polluting emissions. Orbiter III conveyed a great deal of enthusiasm. It is precisely this enthusiasm that must be mobilised to make people aware of the challenge of the 21st century: reconcile economic and ecologic interests, promoting the use of new technologies.
When will the flight take place?
a We are now in the testing phase of the Solar Impulse HB-SIA, the first prototype of the project whose mission is to demonstrate this year the feasibility of a night flight propelled by only solar energy. After having analysed the recorded data of the first prototype, we'll build another aircraft with the objective of crossing the Atlantic and then flying around the world in 2012. The journey will start around May in order to get the maximum daylight.
Will it fly above cloud cover?
a Yes, we'll have to stay above the clouds. During the day, the solar cells will provide the energy to run the four propellers at an altitude of 9,000 metres and at the same time charge the batteries for the following night. At the beginning of sunset, the aircraft will slowly glide down to 1,500m and then use the batteries to fly till the next morning, when it will climb back to 9,000m.
What do you hope to show?
a There is clearly a future for unmanned solar drones. But more than that, Solar Impulse's objective is to show what can be achieved with new technologies in order to promote renewable energies and energy savings. It is all about saving energy. If an aircraft is able to fly day and night without fuel, propelled only by solar energy, let no one claim that it is impossible to do the same thing for motor vehicles, heating and air-conditioning systems and computers. This project voices our conviction that a pioneering spirit with political vision can together change behaviours in society and decrease the dependency on fossil energy.
Have any commercial applications emerged?
a Solar Impulse has no commercial priorities; however, there have been several new technologies that have been developed in construction methods, new materials applications and system optimisations. And to help the pilot in his tasks of staying at the commands for several days and nights, Omega, one of the main partners of Solar Impulse with Solvay [a chemical and pharmaceutical group] and Deutsche Bank, specially developed an instrument that will help the pilot to keep the aircraft horizontal by informing him extremely precisely of the bank angle of the plane.
What were the technical issues?
a In order to fly night and day propelled by only solar energy, we knew from the beginning that the aircraft would have to be very big to get enough surface to implement the solar cells and collect sufficient energy [the solar surface is 200 sq m]. At the same time, we needed to build an ultra-light aircraft to save the maximum energy to be able to fly through the night [it will weigh 1,600kg]. Each watt and each gram counted. We had to push the limits of technologies in every field. The result is breathtaking: an aircraft with the wingspan of an Airbus 340 [63.4m] and the weight of a midsize car [1,600kg], which flies with the average power of a small motorcycle.
Assuming the test flights are successful, what comes next?
a Solar Impulse flew briefly for the first time in Dübendorf, near Zürich, on December 3. This year, we'll move the prototype to another airfield and proceed to higher test flights. Once the flight envelope is opened, we will proceed to the first complete day-night-day cycle, 36 hours, from next spring, followed by international flights of several days and nights. Why not in the United Arab Emirates?
tcarlisle@thenational.ae
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
THE%20FLASH
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Stan%20Lee
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COMPANY%20PROFILE
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Indoor Cricket World Cup
Venue Insportz, Dubai, September 16-23
UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty
Poland Statement
All people fleeing from Ukraine before the armed conflict are allowed to enter Poland. Our country shelters every person whose life is in danger - regardless of their nationality.
The dominant group of refugees in Poland are citizens of Ukraine, but among the people checked by the Border Guard are also citizens of the USA, Nigeria, India, Georgia and other countries.
All persons admitted to Poland are verified by the Border Guard. In relation to those who are in doubt, e.g. do not have documents, Border Guard officers apply appropriate checking procedures.
No person who has received refuge in Poland will be sent back to a country torn by war.
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E660hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C100Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488km-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh850%2C000%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOctober%3C%2Fp%3E%0A
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.”
The biog
Hobby: Playing piano and drawing patterns
Best book: Awaken the Giant Within by Tony Robbins
Food of choice: Sushi
Favourite colour: Orange
Tips to stay safe during hot weather
- Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
- Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
- Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
- Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
- Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
- Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
- Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
The%20Sandman
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Scores in brief:
Day 1
New Zealand (1st innings) 153 all out (66.3 overs) - Williamson 63, Nicholls 28, Yasir 3-54, Haris 2-11, Abbas 2-13, Hasan 2-38
Pakistan (1st innings) 59-2 (23 overs)
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
AndhaDhun
Director: Sriram Raghavan
Producer: Matchbox Pictures, Viacom18
Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan
Rating: 3.5/5
COMPANY%20PROFILE
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Afro%20salons
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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