A Hope probe team member is greeted with flowers on her return to the UAE. Courtesy Abu Dhabi Airports
A Hope probe team member is greeted with flowers on her return to the UAE. Courtesy Abu Dhabi Airports
A Hope probe team member is greeted with flowers on her return to the UAE. Courtesy Abu Dhabi Airports
A Hope probe team member is greeted with flowers on her return to the UAE. Courtesy Abu Dhabi Airports

UAE Mars Mission: Hope probe team members return to Abu Dhabi from Japan after successful launch


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Members of the history-making UAE Hope probe team were given a warm welcome as they touched down at Abu Dhabi International Airport on Friday night.

The UAE Space Agency team who helped mastermind the Emirates Mars Mission flew back to the UAE from the Haneda International Airport in Japan, following the successful launch of the Hope Probe on July 20.

Airport staff were on the tarmac to greet the delegation on their return from the Tanegashima Space Centre in Japan.

The Hope probe will collect information about the Martian atmosphere and should enter the Red Planet's orbit in February, more than 200 days after leaving Earth.

The probe's 500-million kilometre journey has just begun but it is already a testament to youth and investment in science and technology, said Shareef Al Hashmi, the airport’s chief executive officer.

“Developing the UAE’s aerospace sector, through investing in STEM education and the deployment of cutting-edge infrastructure, will have a transformative impact on our nation’s economy and society, encouraging our transition to a knowledge-based economy in line with the objectives of Abu Dhabi Plan and UAE Centennial 2071,” said Mr Al Hashmi.

Hope traveled more than one million kilometres in its first four days.

The Arab world's first mission to the Red Planet has made headlines around the world and won fulsome praise from leaders in the UAE.

President Sheikh Khalifa said the launch was a "glorious day" for the Emirates.

He paid tribute to those who had spearheaded the remarkable project for displaying "bright minds" and being "highly qualified and trained, loyal, and sincere in their loyalty and allegiance."

The Hope probe took off from Japan's Tanegashima Space Centre at 1.58am UAE time on Monday, July 20.

Two previous attempts to launch the craft in the last week were called off because of adverse weather.

It was third time lucky and a moment to rejoice for an entire nation and, in particular, the country's burgeoning space programme.

Omran Al Sharaf, director of the mission, said the huge responsibility of bringing the Hope probe project to fruition had consumed his life for several years.

Hope's arrival in Mars’ orbit is expected to be in February 2021 and will coincide with the 50th anniversary of the UAE's formation.

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Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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7pm: Abu Dhabi - Conditions (PA) Dh 80,000 (Dirt) 1,600m

7.30pm: Dubai - Maiden (TB) Dh82,500 (D) 1,400m

8pm: Sharjah - Maiden (TB) Dh82,500 (D) 1,600m

8.30pm: Ajman - Handicap (TB) Dh82,500 (D) 2,200m

9pm: Umm Al Quwain - The Entisar - Listed (TB) Dh132,500 (D) 2,000m

9.30pm: Ras Al Khaimah - Rated Conditions (TB) Dh95,000 (D) 1,600m

10pm: Fujairah - Handicap (TB) Dh87,500 (D) 1,200m

UAE-based players

Goodlands Riders: Jamshaid Butt, Ali Abid, JD Mahesh, Vibhor Shahi, Faizan Asif, Nadeem Rahim

Rose Hill Warriors: Faraz Sheikh, Ashok Kumar, Thabreez Ali, Janaka Chathuranga, Muzammil Afridi, Ameer Hamza

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  

UAE currency: the story behind the money in your pockets
The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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Wednesday (Kick-offs UAE)

FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm

Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm

Inter Milan v Getafe (one leg only) 11pm

Manchester United (5) v LASK (0) 11pm 

Thursday

Bayer Leverkusen (3) v Rangers (1) 8.55pm

Sevilla v Roma  (one leg only)  8.55pm

FC Basel (3) v Eintracht Frankfurt (0) 11pm 

Wolves (1) Olympiakos (1) 11pm 

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Iraq Hussein 28’

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Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

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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.”