China has launched a civilian into space for the first time as part of a three-man crew heading to its Tiangong space station.
The Shenzhou-16 crew – including Gui Haichao, a professor at Beihang University – took off on Tuesday on-board a Long March 2F rocket launched from the Jiuquan Satellite Launch Centre in north-west China.
Commander Jing Haipeng, leading the crew on his fourth mission, and engineer Zhu Yangzhu were also launched into orbit.
The launch was a “complete success” and the “astronauts are in good condition”, said Zou Lipeng, director of the Jiuquan Satellite Launch Centre.
China, which became was the third country to put humans in orbit, hopes to send a manned mission to the Moon by the end of the decade.
It has invested billions of dollars in its military-run space programme in a push to catch up with the US and Russia.
Tiangong – which means “heavenly palace” – is the crown jewel of its space programme, which has also landed robotic rovers on Mars and the Moon.
Shenzhou-16 is the first mission to Tiangong since it entered its “application and development” stage, authorities said.
The Shenzhou craft will dock with the space station's Tianhe core module.
The crew will then meet their three colleagues from the Shenzhou-15 flight, who have been at the station for six months and will return to Earth in the coming days.
Shenzhou-16 will carry out a number of experiments during the mission, including in “high-precision space time-frequency systems”, general relativity and studies into the origin of life, CMSA spokesman Lin Xiqiang said.
The space station was resupplied with drinking water, clothing, food and propellant this month in preparation for Shenzhou-16's arrival.
One expert told AFP that Tuesday's mission represented “a regular crew rotation flight”, but even that was significant.
“Accumulating depth of experience in human space-flight operations is important and doesn't involve new spectacular milestones all the time,” said Jonathan McDowell, an astronomer and astrophysicist at the Harvard-Smithsonian Centre for Astrophysics.
Plans for China's “space dream” have been put into overdrive under President Xi Jinping, and it is planning to build a moon base.
“The overall goal is to achieve China's first crewed landing on the Moon by 2030 and carry out lunar scientific exploration and related technological experiments,” Mr Lin said.
The station carries several pieces of cutting-edge scientific equipment, state news agency Xinhua reported, including “the world's first space-based cold atomic clock system”.
Tiangong is expected to remain in low-Earth orbit at an altitude between 400km and 450km for at least 10 years.
It is constantly manned by rotating teams of three astronauts.
The US banned Nasa from engaging with China in 2011, effectively excluded the country from the International Space Station.
China's space agency repeated on Monday that it is actively seeking international co-operation in the project.
Beijing plans to send two manned space missions to Tiangong every year, according to the CMSA.
The next will be Shenzhou-17, with an expected launch in October.
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How Islam's view of posthumous transplant surgery changed
Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.
Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.
The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.
One school of thought viewed the removal of organs after death as equally impermissible.
That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.
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Squad
Ali Kasheif, Salim Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdulrahman, Mohammed Al Attas, Abdullah Ramadan, Zayed Al Ameri (Al Jazira), Mohammed Al Shamsi, Hamdan Al Kamali, Mohammed Barghash, Khalil Al Hammadi (Al Wahda), Khalid Essa, Mohammed Shaker, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Al Hassan Saleh, Majid Suroor (Sharjah) Walid Abbas, Ahmed Khalil (Shabab Al Ahli), Tariq Ahmed, Jasim Yaqoub (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Muharami (Baniyas)
ADCC AFC Women’s Champions League Group A fixtures
October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA
RESULT
West Brom 2 Liverpool 2
West Brom: Livermore (79'), Rondón (88' )
Liverpool: Ings (4'), Salah (72')
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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