Dubai is known for its bright lights - and that is precisely the problem.
Even 50 kilometres south of the emirate, the night is lit by landscaped gardens, construction cranes and streetlights that criss-cross the desert.
Astronomers need darkness but this is getting harder to find. So when the Dubai Astronomy Group’s invitation to a Perseids meteor shower viewing at an “undisclosed location” came through for last Saturday it was unclear what we would see.
These days, dark spots are so rare they are kept secret. At the meeting point on the D63 highway, the chatter was split between the first-timers and regulars.
“You guys have coordinates for where we are going to? Like in case someone gets lost or someone has a Mazda?”
“We are waiting for some fireballs, that’s what we are waiting for.”
“Oh, I had a huge lamp. I forget it.”
“The idea is that there’s no light.”
One man with a 4x4 tells me he wants to stargaze more often, but refuses to go to the desert alone. “It’s very dangerous by yourself, always you should be two or three.”
I nod in agreement. That’s common sense.
“There’s black magic in the desert,” he says.
“And anyway, it’s not clever to go to the desert by yourself,” I say.
“The black magic is real.”
People gather around Hasan Al Hariri, an Emirati with a flowing white bead who will spend much of the evening walking around in a white robe, pointing a laser at the stars.
Al Hariri is the chief executive of the Dubai Astronomy Group. A childhood interest in space and mathematics led to a career with Etisalat, but his manner is more like that of a headmaster.
The previous night, about 500 people visited the Thuraya Astronomy Centre in Mushrif Park for a meteor viewing and introductory talk. It was a far better turnout than expected and Al Hariri actively discouraged people from attending the desert event the following night. To keep numbers small, he reminded them of the seasonal humidity and a three-quarter full moon that would lessen the visibility.
"How many people are here, 35?" he asks, looking around. As we wait to set off he talks of constellations. "All of this has a practical application, and that is what I really love," he says.
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Read More:
Perseid meteor shower to light up UAE Desert Skies this weekend
My UAE: Getting starry eyed with Hasan Al Hariri
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Someone brings up astrology. “That, we are really disputing with these guys,” says Al Hariri, in a friendly tone. “That we condemn. We don’t do hocus pocus. That’s kind of insulting for the astronomer.”
I drive to the site with Mohammed Sharmeen, a gemologist from India and long-term UAE resident. He is a regular stargazer and has come to see the Andromeda Galaxy.
Like many amateur astronomers, he knows the moment he fell in love with space - the launch of the first Indian satellite, Aryabhata, named after the fifth century Indian astronomer. “I was in class six,” he says.
But, astronomy is not for everyone, he cautions. Those who are only interested in the number of stars or their size miss the point.
Astronomy by numbers is a path to boredom, he says. True love stems from curiosity about scientists from our past and the discoveries of our future. “Recent discoveries are there. Like the periodic table. They’ve added to it. There’s always something new. Still we are in the basics.”
When we arrive after a short drive, Al Hariri’s sons and daughters are waiting for us with mats and telescopes. Even here, there are streetlights to the north and every few minutes, the camp is lit up by a passing dune-basher.
Al Hariri invites us all to lay down for the best view of the sky.
“The first thing, I would like to notify you is about this weather, which is hot,” he begins. “This heat that we are experiencing, this is part of the enjoyment. That torture. We will have a breeze in another half-hour. The stars tell us this. But I won’t disclose how at this time.”
Within a few minutes, he has invited everyone to download the Star Chart stargazing app and people are pointing their phones to the south, looking at a connect-the-dots image of the Scorpius constellation.
“This is unbelievable,” says Al Hariri, still grinning. “We are between the sun and the moon. We are inside a torch right now.”
Behind me, two men are deep in a discussion about whether it is possible to see God.
Here in the darkness, we find light in the universe.
UAE currency: the story behind the money in your pockets
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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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Earth under attack: Cosmic impacts throughout history
- 4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon
- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.
- 50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater
- 1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.
- 1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.
- 1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.
-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
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