• The Hope probe was built by 150 Emirati engineers, researchers and scientists. Photo: Mohammed bin Rashid Space Centre
    The Hope probe was built by 150 Emirati engineers, researchers and scientists. Photo: Mohammed bin Rashid Space Centre
  • The first image of Mars taken by the UAE's Hope probe, which arrived at the Red Planet on February 9. EPA
    The first image of Mars taken by the UAE's Hope probe, which arrived at the Red Planet on February 9. EPA
  • Nora Al Matrooshi the first Arab woman to train as an astronaut. Photo: MBRSC
    Nora Al Matrooshi the first Arab woman to train as an astronaut. Photo: MBRSC
  • Hazza Al Mansouri, left, Nora Al Matrooshi, Mohammed Al Mulla and Sultan Al Neyadi together for the first time at Nasa's Johnson Space Centre in Houston. Photo: MBRSC
    Hazza Al Mansouri, left, Nora Al Matrooshi, Mohammed Al Mulla and Sultan Al Neyadi together for the first time at Nasa's Johnson Space Centre in Houston. Photo: MBRSC
  • Sarah al Amiri at the launch of a new project to explore the main asteroid belt, with a Venus fly-by, from 2028. Photo: Ministry of Presidential Affairs / Dubai Media Office
    Sarah al Amiri at the launch of a new project to explore the main asteroid belt, with a Venus fly-by, from 2028. Photo: Ministry of Presidential Affairs / Dubai Media Office
  • Ministers and VIPs listen as Sarah Al Amiri sets out details of the five-year mission. Photo: Ministry of Presidential Affairs / Dubai Media Office
    Ministers and VIPs listen as Sarah Al Amiri sets out details of the five-year mission. Photo: Ministry of Presidential Affairs / Dubai Media Office
  • The final prototype of the UAE's Rashid lunar rover. Photo: Mohammed bin Rashid Space Centre
    The final prototype of the UAE's Rashid lunar rover. Photo: Mohammed bin Rashid Space Centre
  • Emirati engineers test parts of the Rashid rover, which will be sent to the Moon in 2022. Photo: MBRSC
    Emirati engineers test parts of the Rashid rover, which will be sent to the Moon in 2022. Photo: MBRSC
  • Blue Origin's rocket New Shepard blasts off carrying Star Trek actor William Shatner, 90, on billionaire Jeff Bezos company's second suborbital tourism flight, October 13, 2021. Reuters
    Blue Origin's rocket New Shepard blasts off carrying Star Trek actor William Shatner, 90, on billionaire Jeff Bezos company's second suborbital tourism flight, October 13, 2021. Reuters
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai on a visit to the 72nd International Astronautical Congress at Dubai World Trade Centre on October 25, 2021. Sheikh Mohammed was accompanied, among others, by Emirati astronauts Hazza Al Mansouri, Sultan Al Neyadi and graduates from the second batch of the UAE Astronaut Programme, Nora Al Matrooshi and Mohammed Al Mulla. Wam
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai on a visit to the 72nd International Astronautical Congress at Dubai World Trade Centre on October 25, 2021. Sheikh Mohammed was accompanied, among others, by Emirati astronauts Hazza Al Mansouri, Sultan Al Neyadi and graduates from the second batch of the UAE Astronaut Programme, Nora Al Matrooshi and Mohammed Al Mulla. Wam
  • The opening ceremony for the International Astronautical Congress took place on October 25 at Dubai World Trade Centre. Photo: Dubai Media Office
    The opening ceremony for the International Astronautical Congress took place on October 25 at Dubai World Trade Centre. Photo: Dubai Media Office

Abu Dhabi research hub to set up propulsion centre to boost UAE space ambitions


Kelsey Warner
  • English
  • Arabic

Abu Dhabi's research and development centre is primed to deliver a major boost to the UAE's flourishing space programme.

The Advanced Technology Research Council is to set up a propulsion centre to help to put the nation on the fast track in the global space race.

The propulsion research centre will embrace advances in technology in an effort to make spacecraft go faster and further than before, as well as improve their fuel efficiency and carbon emissions.

The cutting-edge strategy aims to cement the Emirates' growing status as a leading player in the space sector.

The country has taken huge strides forward in recent years, from putting its first astronaut on the International Space Station to sending the historic Hope Probe on a successful journey to Mars in a first for the Arab world.

  • Nora Al Matrooshi, the first Arab female astronaut, speaks about her experience of being selected during Expo's Space Week. All photos: Expo 2020 Dubai
    Nora Al Matrooshi, the first Arab female astronaut, speaks about her experience of being selected during Expo's Space Week. All photos: Expo 2020 Dubai
  • Maj Hazza Al Mansouri, the first Emirati in space, at Expo 2020 Dubai.
    Maj Hazza Al Mansouri, the first Emirati in space, at Expo 2020 Dubai.
  • UAE astronauts Sultan Al Neyadi and Mohammed Al Mulla speak at Expo.
    UAE astronauts Sultan Al Neyadi and Mohammed Al Mulla speak at Expo.
  • Maj Al Mansouri takes the stage during a Space Week panel session.
    Maj Al Mansouri takes the stage during a Space Week panel session.

A mission to the Moon is set for lift-off next year while a long-term plan to explore the asteroid belt and complete a fly-by of Venus in 2028 is already taking shape.

Now the capital's nerve centre for future innovation hopes to steer its lofty ambitions to even greater heights.

“There was initial scepticism about the ability of a young entity to achieve what many established research hubs have been unable to do – attract global talent and patent breakthrough solutions right here to give the country greater autonomy in the advanced technology space,” said Faisal Al Bannai, secretary general of ATRC, at the opening of the research centre a little over a year ago.

Two other research centres will also be opened as part of a grand vision to drive the country's development for decades to come.

An alternative energy research centre will focus on water security and improving technology applications amid a growing push to convert utility grids to renewable energy.

And building on the UAE’s R&D capabilities in genetic engineering, biomaterials and autonomous devices, the new biotechnology research centre will focus on breakthroughs in health care, food and agriculture.

The state-of-the-art centre already has seven operating labs in areas such as quantum computing – where building of the Middle East's first quantum computer is under way – and cryptography.

Abu Dhabi's applied research initiatives are a critical part of the UAE's efforts to diversify from a reliance on oil exports and develop a knowledge-based economy.

Mr Al Bannai also told of plans to expand the ATRC's applied research pillar, the Technology Innovation Institute.

In its first year, TII's research centres signed 65 global partnership agreements with 37 universities, research centres and industrial stakeholders, and filed five patents, crucial to protecting new ideas and bringing them to market.

The centres employ 101 Emiratis associate researchers and scientists.

The advent of artificial intelligence, quantum computing and more sophisticated cyber security threats means that nations around the world are concerned with developing independent technology – and the UAE is no different.

Designs and innovation key to the progress of the country will be supported by VentureOne, the new commercial arm of the ATRC.

It will set out to ensure the country's best ideas become a reality by bringing them to market at speed while protecting intellectual property.

Mr Al Bannai said the ATRC's plans are in line with the UAE’s Principles of the 50 and Projects of the 50 initiatives, a series of programmes to boost economic growth and prepare the country for a rapidly changing future.

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Day 2, Dubai Test: At a glance

Moment of the day Pakistan’s effort in the field had hints of shambles about it. The wheels were officially off when Wahab Riaz lost his run up and aborted the delivery four times in a row. He re-measured his run, jogged in for two practice goes. Then, when he was finally ready to go, he bailed out again. It was a total cringefest.

Stat of the day – 139.5 Yasir Shah has bowled 139.5 overs in three innings so far in this Test series. Judged by his returns, the workload has not withered him. He has 14 wickets so far, and became history’s first spinner to take five-wickets in an innings in five consecutive Tests. Not bad for someone whose fitness was in question before the series.

The verdict Stranger things have happened, but it is going to take something extraordinary for Pakistan to keep their undefeated record in Test series in the UAE in tact from this position. At least Shan Masood and Sami Aslam have made a positive start to the salvage effort.

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THE SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

Torque: 630Nm

Price: Dh999,563

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

Formula One top 10 drivers' standings after Japan

1. Lewis Hamilton, Mercedes 306
2. Sebastian Vettel, Ferrari 247
3. Valtteri Bottas, Mercedes 234
4. Daniel Ricciardo, Red Bull 192
5. Kimi Raikkonen, Ferrari 148
6. Max Verstappen, Red Bull 111
7. Sergio Perez, Force India 82
8. Esteban Ocon, Force India 65
9. Carlos Sainz Jr, Toro Rosso 48
10. Nico Hulkenberg, Renault 34

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
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%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3Eamana%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2010%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Farra%20and%20Ziad%20Aboujeb%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3ERegulator%3A%20%3C%2Fstrong%3EDFSA%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinancial%20services%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E85%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESelf-funded%3Cbr%3E%3C%2Fp%3E%0A
Korean Film Festival 2019 line-up

Innocent Witness, June 26 at 7pm

On Your Wedding Day, June 27 at 7pm

The Great Battle, June 27 at 9pm

The Witch: Part 1. The Subversion, June 28 at 4pm

Romang, June 28 at 6pm

Mal Mo E: The Secret Mission, June 28 at 8pm

Underdog, June 29 at 2pm

Nearby Sky, June 29 at 4pm

A Resistance, June 29 at 6pm 

 

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%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3EYasmin%20Azad%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ESwift%20Press%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

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.”

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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

Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Scoreline

Al Wasl 1 (Caio Canedo 90 1')

Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')

Red cards: Ismail Ahmed (Al Ain) 77'

ON%20TRACK
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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

Updated: January 06, 2022, 7:21 AM