• The Dewasat-1 nanosatellite is launched by Dubai Electricity and Water Authority on January 13, 2022. All photos: Dewa
    The Dewasat-1 nanosatellite is launched by Dubai Electricity and Water Authority on January 13, 2022. All photos: Dewa
  • The nanosatellite has sent its first signals from space.
    The nanosatellite has sent its first signals from space.
  • It will settle into a low Earth orbit at an altitude of between 525 and 530 kilometres.
    It will settle into a low Earth orbit at an altitude of between 525 and 530 kilometres.
  • It travels at 7.5km per second and takes about 90 minutes to orbit the Earth.
    It travels at 7.5km per second and takes about 90 minutes to orbit the Earth.
  • It was launched as part of Dewa’s Space-D programme to improve its operations, maintenance and planning of electricity and water networks, by using nanosatellites and taking advantage of the technology of the Fourth Industrial Revolution.
    It was launched as part of Dewa’s Space-D programme to improve its operations, maintenance and planning of electricity and water networks, by using nanosatellites and taking advantage of the technology of the Fourth Industrial Revolution.
  • Dewa is the world’s first utility to use nanosatellites to improve the maintenance and planning of electricity and water networks.
    Dewa is the world’s first utility to use nanosatellites to improve the maintenance and planning of electricity and water networks.

Dewa satellite sends first signals back to Earth


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  • Arabic

Dewasat-1, the nanosatellite launched by Dubai Electricity and Water Authority, has sent its first signals from space.

The satellite flew into orbit on a SpaceX rocket on Thursday and has reached a low orbit of between 525 and 530 kilometres above Earth.

Moving at a speed of around 7.5km per second, the satellite needs only 90 minutes to orbit the globe.

The Dubai nanosatellite aims to improve the emirate’s utility network.

“Through the Space-D programme, we intend nanosatellite technology to complement the terrestrial IoT communication network to increase the efficiency and effectiveness of Dewa’s operations and support the digitisation of our electricity and water networks," said Saeed Mohammed Al Tayer, chief executive of Dewa.

"This will increase the efficiency and effectiveness of our planning, operations and preventive maintenance for our production, transmission and distribution divisions, as well as our smart grids and electric vehicle charging stations."

A Dewa delegation at the Kennedy Space Centre in Florida for the launch of the Dewasat-1 nanosatellite. Photo: Dewa Twitter
A Dewa delegation at the Kennedy Space Centre in Florida for the launch of the Dewasat-1 nanosatellite. Photo: Dewa Twitter

By the end of 2022, there are plans to launch a 6U nanosatellite with customised high-resolution image-sensing technology to be specifically designed for Dewa to communicate with its terminals.

"The project includes applications to collect and analyse data multi-spectrum, high-resolution thermal imaging devices such as those used on board spacecraft. They are specifically designed for use in electricity and water networks, and will be deployed to detect thermal fingerprints in high voltage transmission lines, substations, buildings and solar power stations," he said.

The utility company announced its Space-D programme last year. It is an effort to improve operations, maintenance and the planning of its networks by using nanosatellite technology.

This involves launching a nanosat constellation that will support Dewa’s primary satellite.

Utility companies can benefit from satellite technology. It allows them to monitor and map their infrastructure, as well as track the environmental effect of their operations. The data can also help these companies improve their services.

Dewasat-1, an imaging satellite, will be able to better monitor high-voltage transmission lines, substations, buildings and solar power stations.

Dewa also expects that the satellite will enhance the performance and efficiency of the photovoltaic solar panels at the Mohammed bin Rashid Al Maktoum Solar Park, the world’s largest single-site solar park.

Dewasat-1 is the first among many other satellites Dewa plans to launch.

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

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Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
MATCH INFO

Champions League quarter-final, first leg

Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

Villains
Queens of the Stone Age
Matador

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.”

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

The bio

Who inspires you?

I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist

How do you relax?

Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.

What is favourite book?

The Perks of Being a Wallflower - I think I've read it more than 7 times

What is your favourite Arabic film?

Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki

What is favourite English film?

Mamma Mia

Best piece of advice to someone looking for a career at Google?

If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.  

 

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

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

MATCH INFO

Fixture: Thailand v UAE, Tuesday, 4pm (UAE)

TV: Abu Dhabi Sports

Company%20profile
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The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
SPECS
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Updated: January 14, 2022, 11:47 AM