The UAE’s first two astronauts have completed their first year of training at Nasa, making them eligible to perform spacewalks in future missions.
Hazza Al Mansouri, the first Emirati to go to space, and Sultan Al Neyadi, who was reserve astronaut for that landmark journey on the International Space Station, have been training at Nasa’s Johnson Space Centre in Houston, Texas, since late last year.
The first part of their 30-month training involved learning how to perform spacewalks outside the International Space Station (ISS) to carry out maintenance work on the structure — an essential part of an astronaut’s duty on the floating laboratory.
“Astronauts Hazza Al Mansoori and Sultan Al Neyadi completed their first training year successfully at Nasa’s Johnson Space Centre,” the Mohammed bin Rashid Space Centre said.
“Throughout their six hours underwater in the Neutral Buoyancy Laboratory, they passed their evaluations which included using the Extravehicular Mobility Unit, the maintenance of the International Space Station and the Incapacitated Crew Rescue.”
Astronauts learn how to perform spacewalks at Nasa’s Neutral Buoyancy Laboratory, the world’s largest indoor swimming pool. It is 12 metres deep and holds 2.4 million litres of water.
A mock-up of the ISS is built beneath the pool, where astronauts spend more than six hours each time while wearing 115-kilogram extravehicular activity suits.
“Yesterday we completed the pre-assignment flow training at Nasa Johnson Space Centre, which ended with an evaluated NBL run. Now the spacewalk dream is closer to reality,” said Dr Al Neyadi.
The astronauts had their final evaluation on Friday. A committee of veteran Nasa astronauts and trainers determined whether the two Emiratis had gained the necessary skills for spacewalks.
There were also evaluated on their knowledge of how to use the heavy suit and carry out maintenance work, and on their performance during crew rescue scenarios.
“It's been a challenging year for us. We trained with different equipment and complex systems, and we learnt a lot from the people here,” Maj Al Mansouri said.
“Many thanks to Johnson Space Centre and a heartfelt thanks to the astronauts, engineers, experts, divers and doctors for this year, which has been more than wonderful.”
Maj Al Mansouri and Dr Al Neyadi trained with qualified Nasa astronauts during their time at the US space centre, including Reid Wiseman, who has been on three space missions.
They also learnt how to operate the systems on the ISS, such as the robotic arm on the station that is used by astronauts to catch cargo supply vehicles.
Both of them completed their training on Nasa’s T-38 aircraft, a supersonic jet that moves faster than the speed of sound so the pilot can experience seven times the force of Earth's gravity.
It is not yet known when the two astronauts will return to Houston to continue their training. However, the UAE’s newest astronauts are set to join the training centre in January.
Mohammed Al Mulla, a helicopter pilot with Dubai Police, and Nora Al Matrooshi, the first Arab female astronaut, joined the UAE’s astronaut corps earlier this year.
All four astronauts are going to visit the Expo 2020 Dubai site for the Space Week taking place from October 17 to October 23.
They will also attend the International Astronautical Congress, the world’s largest space conference, which is on at the World Trade Centre from October 25 to October 29.
American astronauts and Russian cosmonauts who were part of Maj Al Mansouri’s space mission on the ISS will also attend, including Jessica Meir, Andrew Morgan, Christina Koch, Nick Hague and Aleksey Ovchinin.
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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.”
if you go
The flights
Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.
The hotel
Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.
The tour
Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg
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