The first image of Mars taken by the UAE's Hope probe, which arrived to the planet on February 9. EPA
The first image of Mars taken by the UAE's Hope probe, which arrived to the planet on February 9. EPA
The first image of Mars taken by the UAE's Hope probe, which arrived to the planet on February 9. EPA
The first image of Mars taken by the UAE's Hope probe, which arrived to the planet on February 9. EPA

UAE pushes for global co-operation in space and potential Mars colony


James Reinl
  • English
  • Arabic

The UAE on Wednesday pushed for more international co-operation in space and announced plans for talks in Dubai this year that will focus on increasing the number of female astronauts and setting up a Mars colony.

The UAE ambassador to the UN, Lana Nusseibeh, said a week of space-related discussions from October 17 to 23 at Expo 2020 Dubai would include plans to conquer the Red Planet, as well as other topics.

“We will look at issues ranging from gender equality and space programmes to technology for living on Mars to remote sensing” for achieving UN sustainability targets, Ms Nusseibeh said.

"Space Week will ... hash out critical governance questions, connect companies seeking partners and innovation, and inspire the public to creatively explore how space can better serve the common good."

Ms Nusseibeh spoke at UN talks co-hosted by the UAE and Italy, two of the eight founding members of the Artemis Accords – an international pact for Moon exploration announced by the US space agency Nasa last October.

“We believe that harnessing the power of space really has the potential to open new avenues for tackling some of our greatest collective challenges,” she told the online gathering of diplomats and space company executives.

“But to do so, we must resist the temptation to close our doors, our networks and borders in pursuit of national advantage.”

Sarah Al Amiri, Minister of State for Advanced Technology and chairwoman of the UAE Space Agency, told those in attendance that the ongoing Emirates Mars Mission was an example of space co-operation, because it was made possible with help from the US and South Korea.

The Hope probe, which began orbiting Mars on February 9 and activated its instruments on April 10, has already sent back thousands of images and data on the Martian atmosphere.

"The Emirates couldn't have established its space sector without a private and public partnership. But more importantly, ours spanned continents and it spanned different nations," Ms Al Amiri said.

“We continue to leverage space exploration as a mechanism not only to develop capability and capacity but to further enhance international collaboration so that we can further the agenda of scientific understanding together as one world.”

Space Week will be held during Expo 2020 Dubai, which was pushed back to October 2021 because of the coronavirus pandemic.

The Expo is expected to attract 25 million visitors and thousands of companies from 192 countries.

The event will feature a space show at Al Wasl Dome – the world's largest 360-degree projection screen.

  • Technicians work at the Mohammed Bin Rashid Space Centre (MBRSC) in Dubai. MBRSC / AFP
    Technicians work at the Mohammed Bin Rashid Space Centre (MBRSC) in Dubai. MBRSC / AFP
  • An employee works at the control room of the Mars Mission at MBRSC. AFP
    An employee works at the control room of the Mars Mission at MBRSC. AFP
  • Employees work at the control room of the Mars Mission at the Mohammed Bin Rashid Space Centre. AFP
    Employees work at the control room of the Mars Mission at the Mohammed Bin Rashid Space Centre. AFP
  • Engineers observe a KhalifaSat model at the Mohammed Bin Rashid Space Centre. AFP
    Engineers observe a KhalifaSat model at the Mohammed Bin Rashid Space Centre. AFP
  • An engineer walks toward a KhalifaSat model. AFP
    An engineer walks toward a KhalifaSat model. AFP
  • Scientists work at a laboratory in the Mohammed Bin Rashid Space Centre. AFP
    Scientists work at a laboratory in the Mohammed Bin Rashid Space Centre. AFP
  • Engineers observe a KhalifaSat model. AFP
    Engineers observe a KhalifaSat model. AFP
  • Engineers walk the corridors of Mohammed Bin Rashid Space Centre. AFP
    Engineers walk the corridors of Mohammed Bin Rashid Space Centre. AFP
  • The entrance of the Mohammed Bin Rashid Space Centre in Dubai. AFP
    The entrance of the Mohammed Bin Rashid Space Centre in Dubai. AFP
  • The entrance of the Mohammed Bin Rashid Space Centre in Dubai. AFP
    The entrance of the Mohammed Bin Rashid Space Centre in Dubai. AFP
David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Profile of Tamatem

Date started: March 2013

Founder: Hussam Hammo

Based: Amman, Jordan

Employees: 55

Funding: $6m

Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media

The specs: 2017 Ford F-150 Raptor

Price, base / as tested Dh220,000 / Dh320,000

Engine 3.5L V6

Transmission 10-speed automatic

Power 421hp @ 6,000rpm

Torque 678Nm @ 3,750rpm

Fuel economy, combined 14.1L / 100km

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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Pad Man

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The Sky Is Pink

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Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

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Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

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Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
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