Japan carried out a successful Moon landing this weekend after a string of failed attempts by others in recent years.
Jaxa, its national space agency, lowered its Smart Lander for Investigating the Moon (Slim) on to the lunar surface on Saturday, becoming only the fifth country to achieve the feat.
Similar attempts were made in 2019 by India and Israel, Russia in 2022, by Japanese company ispace last year and an American company this year, but all failed.
Only the US, the former Soviet Union, China, India in 2023 and now Japan have managed to softly touch down on the lunar surface.
“Slim has made it to the Moon’s surface. It has been communicating with our ground station and responding to commands from Earth accurately,” Hitoshi Kuninaka, vice president of Jaxa, said after the landing.
How did Japan do it?
Japan's Slim used precision-landing technology that allowed it to touch down close to the target spot on the surface.
It is a lightweight probe that was sent to the Moon so engineers can improve the technology for exploration missions.
"By creating the Slim lander, humans will make a qualitative shift towards being able to land where we want and not just where it is easy to land, as had been the case before," said Jaxa.
"By achieving this, it will become possible to land on planets even more resource-scarce than the Moon."
The vehicle's solar cells were not working after the landing, leaving Slim relying on battery power, but mission control is still receiving data.
Why are lunar landings difficult?
Moon-landing vehicles cannot use parachutes to slow for a touchdown as they can on Earth and Mars.
Instead, they need to use thrusters to brake and adjust their positioning to land softly on the surface.
Mojtaba Akhavan-Tafti, a space scientist at the University of Michigan, told The National that Moon landings are challenging but computers are "getting smarter now and sensors more reliable".
"For a robot to successfully land, especially if there are no operators in the loop to help make decisions, everything must go right," he said.
"We have to already have a very good understanding of the environment in which the mission will operate, including lunar atmosphere, which determines drag, lunar geophysics, including gravity and terrain."
Lunar terrain is unpredictable, with many craters that can make landing difficult.
Mr Akhavan-Tafti said braking properly during a landing attempt is also important.
"The lander approaches the lunar surface at hundreds of metres per second [2,438 metres per second for Apollo] and then needs to slow down to a fraction of one metre per second [0.3 metres per second in the case of the Apollo lander]," he said.
The Hakuto-R Mission 1 lander by ispace, which was also carrying the UAE's Rashid rover, crashed on the Moon because its software miscalculated its altitude.
Moments before touchdown, the vehicle ran out of fuel, causing a hard landing.
Russia's Luna-25 craft also crash landed on the surface, after a planned manoeuvre did not go as planned.
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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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Bangladesh
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Name: Thndr
Started: 2019
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Featherweight Yousef Al Housani (UAE) v Mohamed Arsharq Ali (SLA)
Catchweight 69kg Jung Han-gook (KOR) v Elias Boudegzdame (ALG)
Catchweight 71kg Usman Nurmagomedov (RUS) v Jerry Kvarnstrom (FIN)
Featherweight title Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)
Lightweight title Bruno Machado (BRA) v Mike Santiago (USA)
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The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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High profile Al Shabab attacks
- 2010: A restaurant attack in Kampala Uganda kills 74 people watching a Fifa World Cup final football match.
- 2013: The Westgate shopping mall attack, 62 civilians, five Kenyan soldiers and four gunmen are killed.
- 2014: A series of bombings and shootings across Kenya sees scores of civilians killed.
- 2015: Four gunmen attack Garissa University College in northeastern Kenya and take over 700 students hostage, killing those who identified as Christian; 148 die and 79 more are injured.
- 2016: An attack on a Kenyan military base in El Adde Somalia kills 180 soldiers.
- 2017: A suicide truck bombing outside the Safari Hotel in Mogadishu kills 587 people and destroys several city blocks, making it the deadliest attack by the group and the worst in Somalia’s history.
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law