A Nasa orbiter has photographed the site on the Moon where Russia's Luna-25 craft crashed last month.
The Lunar Reconnaissance Orbiter (LRO) photographed a new crater, about 10 metres in diameter, that was likely to have been caused by the crash-landing of the Luna-25 on August 19.
It was Russia's first Moon mission in 50 years and was attempting to touch down on the lunar south pole region, but it crashed after a manoeuvre did not go as planned.
“LRO’s most recent 'before' image of the area was captured in June 2022, thus, the crater formed sometime after that date,” Nasa said on Thursday.
“Since this new crater is close to the Luna 25 estimated impact point, the LRO team concludes it is likely to be from that mission, rather than a natural impactor.”
The former Soviet Union had launched many missions to the Moon, landing and orbiter crafts, from the late 1950s to mid 1970s.
This was Moscow's first Moon mission since 1976 when it launched Luna-24, which was one of three missions by the country that brought back samples to Earth.
Luna-25 would have become the first craft to land in the lunar south pole region, helping to salvage Russia's once-thriving space programme.
On August 23, days after when Luna-25 was meant to land, an Indian craft touched down near the south pole.
The Vikram landing module has since deployed the Pragyan rover, which has travelled 100 metres on the surface so far, capturing images of the unexplored region.
This year, Nasa's LRO also photographed the impact site of the Hakuto-R craft, a landing module launched by Japanese company iSpace.
The craft, which was carrying the UAE's Rashid rover and many other international payloads, had attempted a landing on April 26.
But it crashed on the surface because of a software issue.
One of the images showed four large pieces of debris and several small changes to the lunar surface.
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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Dolittle
Director: Stephen Gaghan
Stars: Robert Downey Jr, Michael Sheen
One-and-a-half out of five stars
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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.”
Diriyah%20project%20at%20a%20glance
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The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
