• Virgin Galactic founder Richard Branson is greeted by schoolchildren before boarding the rocket plane at Spaceport America, New Mexico.
    Virgin Galactic founder Richard Branson is greeted by schoolchildren before boarding the rocket plane at Spaceport America, New Mexico.
  • Pilot Michael Masucci makes his way to Virgin Galactic's passenger rocket plane 'VSS Unity'.
    Pilot Michael Masucci makes his way to Virgin Galactic's passenger rocket plane 'VSS Unity'.
  • Sirisha Bandla, Virgin Galactic's vice president of government affairs and research operations, was among the passengers on the flight.
    Sirisha Bandla, Virgin Galactic's vice president of government affairs and research operations, was among the passengers on the flight.
  • Mr Branson is driven to the rocket plane at Spaceport America, near the city of Truth or Consequences, New Mexico.
    Mr Branson is driven to the rocket plane at Spaceport America, near the city of Truth or Consequences, New Mexico.
  • Mr Branson, his fellow passengers and the crew are driven to the rocket plane.
    Mr Branson, his fellow passengers and the crew are driven to the rocket plane.
  • Virgin Galactic's passenger rocket plane 'VSS Unity', borne by a twin-fuselage carrier jet called 'VMS Eve', before its launch in New Mexico.
    Virgin Galactic's passenger rocket plane 'VSS Unity', borne by a twin-fuselage carrier jet called 'VMS Eve', before its launch in New Mexico.
  • Virgin Galactic's chief astronaut instructor Beth Mose embraces Mr Branson and other crew members before boarding the 'VSS Unity'.
    Virgin Galactic's chief astronaut instructor Beth Mose embraces Mr Branson and other crew members before boarding the 'VSS Unity'.
  • People gather to watch the 'VSS Unity' take off from Spaceport America.
    People gather to watch the 'VSS Unity' take off from Spaceport America.
  • The jet takes off on its way to space.
    The jet takes off on its way to space.
  • The 'VSS Unity' and its mothership separate above Spaceport America.
    The 'VSS Unity' and its mothership separate above Spaceport America.
  • The jet starts its engines as it travels to the edge of space.
    The jet starts its engines as it travels to the edge of space.
  • Mr Branson was one of six people on board the 'VSS Unity'.
    Mr Branson was one of six people on board the 'VSS Unity'.
  • Mr Branson enjoys the journey as the billionaire is flown to space.
    Mr Branson enjoys the journey as the billionaire is flown to space.
  • The rocket plane starts its untethered ascent to the edge of space.
    The rocket plane starts its untethered ascent to the edge of space.
  • Mr Branson, his fellow passengers and crew on board the 'VSS Unity'.
    Mr Branson, his fellow passengers and crew on board the 'VSS Unity'.
  • Virgin Galactic's rocket plane begins its ascent to the edge of space.
    Virgin Galactic's rocket plane begins its ascent to the edge of space.
  • It was the 22nd test launch to space on the 'VSS Unity'.
    It was the 22nd test launch to space on the 'VSS Unity'.
  • Mr Branson has travelled to space about 17 years after founding Virgin Galactic.
    Mr Branson has travelled to space about 17 years after founding Virgin Galactic.
  • Spectators watch as the 'VSS Unity' separates from its mothership.
    Spectators watch as the 'VSS Unity' separates from its mothership.
  • The 'VSS Unity' lands after taking passengers including Mr Branson to the edge of space.
    The 'VSS Unity' lands after taking passengers including Mr Branson to the edge of space.

Virgin Galactic's space tourism project set for take-off with monthly flights planned


Sarwat Nasir
  • English
  • Arabic

Sir Richard Branson's space tourism venture Virgin Galactic is set to begin commercial operations, with the first flight scheduled for take-off on June 27.

Shares in the company, which sends paying passengers on suborbital flights, surged after it made the announcement on Friday.

More than 800 Virgin Galactic ticket holders around the world are waiting for a turn on the spaceplane, which flies 89km above the New Mexico desert.

Three researchers from the Italian Air Force and the National Research Council of Italy will fly on the first flight, with a launch window available until June 30.

“Virgin Galactic's team and vehicles are ready to fly the company's first customers to space, having successfully completed the Unity 25 space flight and subsequent routine analysis and vehicle inspections,” the company said in a statement.

The Italian crew will conduct experiments in the microgravity environment of space.

The flight, called Galactic 01, comes two years after Sir Richard and a crew of five flew on the first fully crewed flight by Virgin Galactic on July 11, 2021.

He beat billionaire Jeff Bezos, who did not fly on the first fully crewed Blue Origin space tourism flight until nine days later.

But Blue Origin quickly emerged as the leading space tourism company, having already flown 31 people into sub-orbit so far.

US authorities grounded Virgin Galactic spaceplanes shortly after the first crewed flight for deviating from its flight path, causing several delays in starting commercial operations.

There was also a debate on which company was actually going into space, with Virgin Galactic reportedly only reaching an altitude of 89km and Blue Origin flying 106km.

It is widely accepted that “space begins” at 100km, called the Karman line – the invisible boundary between Earth's atmosphere and the beginning of space.

Virgin Galactic launches passengers from a horizontal spaceport, with a carrier jet that releases the VSS Unity spaceplane at an altitude of about 15,240 metres, which then climbs to the edge of space.

The crew will then experience about four minutes of weightlessness.

The company has said the next commercial flight, Galactic 02, will take place in August and will involve private customers who purchased tickets years ago, with plans for a monthly flight after that.

About 800 tickets have been sold over the past decade, with the initial batch going for $200,000 each. Tickets now cost $450,000 per person.

Two passengers waiting to fly on the spaceplane previously spoke to The National of their excitement.

Namira Salim, a Dubai resident, paid $200,000 to be one of the first passengers aboard the space tourist flights – and now her 19-year wait could finally be over.

“It is very exciting,” she told The National when Sir Richard was launched into space in 2021.

“It has been my childhood dream to go to space and I have always been fascinated by the stars.

“I am not going to space just yet but I will be there to see him off. It is a moment we have been waiting for, for a very long time.”

Zainab Azim, a Pakistani-Canadian student, was given a Virgin Galactic ticket by her parents when she turned 11.

Now 20, she is legally eligible to fly on a spacecraft using her $250,000 ticket and is on the way to becoming the first hijab-wearing space tourist.

“I am excited, but I know my mum is already scared and we don’t even have a date for it yet,” said Ms Azim, who is currently a university student in Toronto, pursuing a double major in neuroscience and public policy and a minor in psychology and astrophysics.

“I’m her only daughter and I have two brothers younger than me, so I do understand her fear. My dad is also excited, but not more excited than me.”

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Jordan cabinet changes

In

  • Raed Mozafar Abu Al Saoud, Minister of Water and Irrigation
  • Dr Bassam Samir Al Talhouni, Minister of Justice
  • Majd Mohamed Shoueikeh, State Minister of Development of Foundation Performance
  • Azmi Mahmud Mohafaza, Minister of Education and Minister of Higher Education and Scientific Research
  • Falah Abdalla Al Ammoush, Minister of Public Works and Housing
  • Basma Moussa Ishakat, Minister of Social Development
  • Dr Ghazi Monawar Al Zein, Minister of Health
  • Ibrahim Sobhi Alshahahede, Minister of Agriculture and Minister of Environment
  • Dr Mohamed Suleiman Aburamman, Minister of Culture and Minister of Youth

Out

  • Dr Adel Issa Al Tawissi, Minister of High Education and Scientific Research
  • Hala Noaman “Basiso Lattouf”, Minister of Social Development
  • Dr Mahmud Yassin Al Sheyab, Minister of Health
  • Yahya Moussa Kasbi, Minister of Public Works and Housing
  • Nayef Hamidi Al Fayez, Minister of Environment
  • Majd Mohamed Shoueika, Minister of Public Sector Development
  • Khalid Moussa Al Huneifat, Minister of Agriculture
  • Dr Awad Abu Jarad Al Mushakiba, Minister of Justice
  • Mounir Moussa Ouwais, Minister of Water and Agriculture
  • Dr Azmi Mahmud Mohafaza, Minister of Education
  • Mokarram Mustafa Al Kaysi, Minister of Youth
  • Basma Mohamed Al Nousour, Minister of Culture
PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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.”

The language of diplomacy in 1853

Treaty of Peace in Perpetuity Agreed Upon by the Chiefs of the Arabian Coast on Behalf of Themselves, Their Heirs and Successors Under the Mediation of the Resident of the Persian Gulf, 1853
(This treaty gave the region the name “Trucial States”.)


We, whose seals are hereunto affixed, Sheikh Sultan bin Suggar, Chief of Rassool-Kheimah, Sheikh Saeed bin Tahnoon, Chief of Aboo Dhebbee, Sheikh Saeed bin Buyte, Chief of Debay, Sheikh Hamid bin Rashed, Chief of Ejman, Sheikh Abdoola bin Rashed, Chief of Umm-ool-Keiweyn, having experienced for a series of years the benefits and advantages resulting from a maritime truce contracted amongst ourselves under the mediation of the Resident in the Persian Gulf and renewed from time to time up to the present period, and being fully impressed, therefore, with a sense of evil consequence formerly arising, from the prosecution of our feuds at sea, whereby our subjects and dependants were prevented from carrying on the pearl fishery in security, and were exposed to interruption and molestation when passing on their lawful occasions, accordingly, we, as aforesaid have determined, for ourselves, our heirs and successors, to conclude together a lasting and inviolable peace from this time forth in perpetuity.

Taken from Britain and Saudi Arabia, 1925-1939: the Imperial Oasis, by Clive Leatherdale

Company%20profile
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Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour

Living in...

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.

RESULT

Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')

The specs: Macan Turbo

Engine: Dual synchronous electric motors
Power: 639hp
Torque: 1,130Nm
Transmission: Single-speed automatic
Touring range: 591km
Price: From Dh412,500
On sale: Deliveries start in October

Sweet%20Tooth
%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3EJim%20Mickle%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EChristian%20Convery%2C%20Nonso%20Anozie%2C%20Adeel%20Akhtar%2C%20Stefania%20LaVie%20Owen%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E660hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C100Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488km-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh850%2C000%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOctober%3C%2Fp%3E%0A
The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

if you go

Getting there

Etihad (Etihad.com), Emirates (emirates.com) and Air France (www.airfrance.com) fly to Paris’ Charles de Gaulle Airport, from Abu Dhabi and Dubai respectively. Return flights cost from around Dh3,785. It takes about 40 minutes to get from Paris to Compiègne by train, with return tickets costing €19. The Glade of the Armistice is 6.6km east of the railway station.

Staying there

On a handsome, tree-lined street near the Chateau’s park, La Parenthèse du Rond Royal (laparenthesedurondroyal.com) offers spacious b&b accommodation with thoughtful design touches. Lots of natural woods, old fashioned travelling trunks as decoration and multi-nozzle showers are part of the look, while there are free bikes for those who want to cycle to the glade. Prices start at €120 a night.

More information: musee-armistice-14-18.fr ; compiegne-tourisme.fr; uk.france.fr

The%C2%A0specs%20
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Living in...

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.

AIDA%20RETURNS
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Updated: June 16, 2023, 8:11 AM