Latest: UAE astronaut Sultan Al Neyadi's journey back to Earth
Pioneering Emirati astronaut Sultan Al Neyadi has reflected on the “experience of a lifetime” as he counts down the hours to his return journey to Earth after six months in space.
Dr Al Neyadi spoke of the sense of duty he felt during his historic mission to inspire others to reach for the stars, as the UAE and the wider region enjoy a renaissance in the space sector.
He told of his desire to return to space during a farewell ceremony on the International Space Station, which was streamed by Nasa on Thursday evening.
The father of six, from Al Ain, will begin his journey home Sunday and is scheduled to splash down off the coast of Florida shortly before 9am, UAE time, the following day.
Live coverage of the momentous trip will be broadcast online over the weekend, which you will also be able to watch and follow with The National's live updates.
“Thanks for the wonderful time spent here. An amazing time, six months, it felt really quick," said Dr Al Neyadi, who spoke in both Arabic and English during the interview.
“We did a lot – Evas [extra vehicular activity, such as his landmark spacewalk], science, maintenance, we had fun, we had good outreach with many people around the world, so it was really amazing, especially for my region.”
Dr Al Neyadi touched on the significant strides made in the space race across the Middle East in recent years.
The UAE's Hazza Al Mansouri entered the record books when he became the first Arab to set foot on the ISS in 2019.
Before the ISS existed, Prince Sultan bin Salman of Saudi Arabia flew on Nasa's Space Shuttle in 1985, becoming the first Arab in space.
The Emirati trailblazer was joined on the ISS by Saudi astronauts Rayyanah Barnawi and Ali Al Qarni for eight days in May.
Ms Barnawi became the first Arab woman to go on a space mission.
“I come from a place where human space flights were stopped for more than 30 years and I felt that I am responsible, obligated, to show what's happening aboard the station and I think it's a small boost towards spreading the enthusiasm in our region,” Dr Al Neyadi said.
“I can't be happier with the time I was here, doing everything possible, and it was really incredible time.”
He said he would be eager to return to space again with his three Crew-6 colleagues, Nasa astronauts Stephen Bowen and Woody Hoburg, and Russian cosmonaut Andrey Fedyaev, who he arrived on the ISS with on March 3.
“We always get asked if we want to fly together again and I always say 100 per cent. I would love to do it again,” he said.
He urged members of the replacement Crew-7 team, who docked on the ISS this week, to cherish every moment.
“For the newcomers, enjoy every part of it. It is an experience of a lifetime,” he said.
The intrepid traveller was joined on the broadcast by his faithful companion Suhail, a mascot for the nation's space mission.
A stuffed-toy version of the mascot also served as an additional crewmate during Maj Al Mansouri's eight-day stay on board the ISS.
Dr Al Neyadi made his mark by becoming the first Arab to embark on a long-duration space mission.
He broke more new ground in April when he became the first person from the Arab world to take part in a spacewalk.
He completed a six-and-a-half-hour spacewalk, after exiting the International Space Station with his American colleague Stephen Bowen.
The duo carried out two crucial tasks during their maintenance assignment, including preparing a structure on the station’s exterior for a future solar array installation.
Sultan returns to Earth
The UAE public can watch Dr Al Neyadi's remarkable voyage home from 400km above Earth live through the MBRSC website, at www.mbrsc.ae/live.
Saturday, September 2
Live coverage of undocking procedure from 3pm, with undocking scheduled for 5.05pm.
Sunday, September 3
Live coverage from 8.30am. Scheduled splashdown, no earlier than 8.58am.
Predictions
Predicted winners for final round of games before play-offs:
- Friday: Delhi v Chennai - Chennai
- Saturday: Rajasthan v Bangalore - Bangalore
- Saturday: Hyderabad v Kolkata - Hyderabad
- Sunday: Delhi v Mumbai - Mumbai
- Sunday - Chennai v Punjab - Chennai
Final top-four (who will make play-offs): Chennai, Hyderabad, Mumbai and Bangalore
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Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
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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.”
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Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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