A small team of Emirati engineers have developed the UAE's lunar mission. Photo: MBRSC
A small team of Emirati engineers have developed the UAE's lunar mission. Photo: MBRSC
A small team of Emirati engineers have developed the UAE's lunar mission. Photo: MBRSC
A small team of Emirati engineers have developed the UAE's lunar mission. Photo: MBRSC

Emirati engineers working at 'full speed' for Rashid Rover 2, says MBRSC chief


Sarwat Nasir
  • English
  • Arabic

Emirati engineers are working at “full speed” to develop the UAE's second mission to the Moon, the chief of the Mohammed bin Rashid Space Centre has said.

Salem Al Marri, director general of the space centre, spoke to The National after investigation findings were released on the crash landing of a private spacecraft carrying the UAE's Rashid rover.

The Hakuto-R Mission 1 lander, which carried an Emirati and many international payloads, attempted a soft touchdown on the Moon's surface on April 26, but ran out of fuel due to an altitude miscalculation.

“Getting to the Moon, as we've said many times, is very difficult, very hard,” Mr Al Marri said.

“It seems small but obviously it's a complex set of events that led to that false reading, and then eventually running out of fuel and crashing.

“The main thing is that ispace now know exactly what happened and they can mitigate it in future missions.”

Ispace's investigations showed that a faulty software caused its lander to carry out incorrect altitude adjustments, ultimately causing it run out fuel right before a soft touchdown was expected.

Images taken by a Nasa rover showed four large pieces of debris scattered across the landing site.

The space centre has already started working on a second rover called Rashid 2.

As the UAE does not have its own landing capabilities, MBRSC would have to secure a lander again, like it did with the Hakuto-R, to send its rover to the Moon.

During a visit to the MBRSC, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai “instructed us to start working on the second rover,” Mr Al Marri confirmed.

“We're at full speed ahead. We're now looking at different elements of where this rover would be landing. So, the team is working very hard.

“The team is quite upbeat looking at the results of how close we got with ispace.”

He said the engineers are working on the design of the rover and the selection of the landing site.

“That really does make you feel like hopefully next time we can really make it and land on the surface of the Moon.”

New images reveal impact site on Moon where lander carrying UAE's Rashid rover crashed

  • Mosaic of the Hakuto-R Mission 1 Lunar Lander impact site. The blue cross marks the impact site. Nasa / GSFC/ Arizona State University
    Mosaic of the Hakuto-R Mission 1 Lunar Lander impact site. The blue cross marks the impact site. Nasa / GSFC/ Arizona State University
  • Ratio image created by dividing the after (M1437131607R) and before (M192675639R) images. The impact created an area of higher reflectance, approximately 60-80 m across NASA /GSFC / Arizona State University.
    Ratio image created by dividing the after (M1437131607R) and before (M192675639R) images. The impact created an area of higher reflectance, approximately 60-80 m across NASA /GSFC / Arizona State University.
  • Hakuto-R Mission 1 Lunar Lander impact site, as seen by LROC the day after the attempted landing. Nasa / GSFC / Arizona State University
    Hakuto-R Mission 1 Lunar Lander impact site, as seen by LROC the day after the attempted landing. Nasa / GSFC / Arizona State University
  • A prototype of the Rashid rover. Antonie Robertson/The National
    A prototype of the Rashid rover. Antonie Robertson/The National
  • The live-streamed launch of the UAE’s Rashid rover. Photo: Screengrab
    The live-streamed launch of the UAE’s Rashid rover. Photo: Screengrab

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

MATCH INFO

Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

Man of the match: Marcus Rashford (Manchester United)

West Asia Premiership

Dubai Hurricanes 58-10 Dubai Knights Eagles

Dubai Tigers 5-39 Bahrain

Jebel Ali Dragons 16-56 Abu Dhabi Harlequins

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Results

Final: Iran beat Spain 6-3.

Play-off 3rd: UAE beat Russia 2-1 (in extra time).

Play-off 5th: Japan beat Egypt 7-2.

Play-off 7th: Italy beat Mexico 3-2.

SPECS
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Men’s singles 
Group A:
Son Wan-ho (Kor), Lee Chong Wei (Mas), Ng Long Angus (HK), Chen Long (Chn)
Group B: Kidambi Srikanth (Ind), Shi Yugi (Chn), Chou Tien Chen (Tpe), Viktor Axelsen (Den)

Women’s Singles 
Group A:
Akane Yamaguchi (Jpn), Pusarla Sindhu (Ind), Sayaka Sato (Jpn), He Bingjiao (Chn)
Group B: Tai Tzu Ying (Tpe), Sung Hi-hyun (Kor), Ratchanok Intanon (Tha), Chen Yufei (Chn)

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

 

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

COMPANY%20PROFILE
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What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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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.”

Walls

Louis Tomlinson

3 out of 5 stars

(Syco Music/Arista Records)

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

Updated: May 26, 2023, 1:28 PM