Virgin Galactic, the world’s first commercial spaceline owned by Sir Richard Branson’s Virgin Group and Abu Dhabi’s aabar Investments, successfully completed the second rocket-powered, supersonic flight of its passenger carrying reusable space vehicle, SpaceShipTwo (SS2). In addition to achieving the highest altitude and greatest speed to date, the test flight demonstrated the vehicle’s full technical mission profile in a single flight for the first time, including a high altitude deployment of the unique wing “feathering” re-entry mechanism. All of the test objectives were successfully completed.
Virgin Galactic, the world’s first commercial spaceline owned by Sir Richard Branson’s Virgin Group and Abu Dhabi’s aabar Investments, successfully completed the second rocket-powered, supersonic fligShow more

Sky’s the limit for UAE satellites



When discussing major global developments in space technology, this country is perhaps not the first to spring to mind.

However, as is the case in so many other areas, the UAE certainly does not lack for ambition when it comes to the celestial realms.

A savvy combination of international investment and the nurturing of domestic knowledge capacity has seen the country’s prominence grow in recent years.

The country’s ambitions in the space sector came to prominence on the global stage in July 2009, with a high-profile investment in the Virgin Group’s space tourism venture, Virgin Galactic.

Aabar Investments, an investment vehicle of the Abu Dhabi Government, acquired a 32 per cent stake in Virgin Galactic for US$280 million. It subsequently increased its stake in the company by 6 per cent for an additional $110m.

Given Aabar’s investment in the company, it perhaps came as little surprise when Virgin Galactic announced in April 2012 that it planned to site the company’s second spaceport in Abu Dhabi.

Virgin Galactic last month completed the third test flight of it SpaceShipTwo (SS2) passenger vehicle. It plans to begin offering commercial flights later this year from its spaceport America facility in New Mexico.

The US singer Lady Gaga, actors Tom Hanks, Angelina Jolie, Leonardo DiCaprio and pop star Justin Bieber are among the celebrities who have signed up for the experience, which starts at $250,000 per ticket.

Speaking at this month’s Government Summit in Dubai, the Virgin chairman Sir Richard Branson reaffirmed the company’s commitment to the project, saying he hoped to launch the Abu Dhabi space port within two years.

This is subject to gaining the necessary regulatory approvals from the US government to set up a launch site outside the United Sates.

While two years may seem a short time to establish a spaceport facility, the UAE has a solid track record of turning around aerospace projects very quickly, says a UAE-based aerospace academic.

“If you look at [Abu Dhabi’s] Mubadala Development’s Strata Manufacturing facility in Al Ain, that was completed in little over a year,” he says, declining to be named. “When the Government decides that a project is a priority, especially in the aerospace sector, it gets done very quickly.”

The Dubai Government signalled its commitment to excellence within the satellite and space industry in 2006, with the launch of the Emirates Institution for Advanced Science and Technology, (EIAST).

It is geared towards enhancing technology innovation and scientific skills among UAE nationals in the field of outer space research and development.

The first fruit of the institute came in 2009, with the launch of DubaiSat-1, the first satellite to be owned by an Emirati entity. This was followed in November last year by the launch of DubaiSat-2.

The two observational satellites provide the type of mapping data typically seen on Google Maps, to UAE government entities (which are able to use the data free of charge) and a wide range of international government bodies and commercial data distributors.

“Private companies working on mapping projects, municipal departments, environmental agencies, disaster response teams, transport authorities, all of these people use the data our satellites produce,” says Salem Al-Marri, EIAST’s assistant director general for scientific and technical affairs.

In December plans were announced for EIAST’s most ambitious project to date: the first satellite to be developed solely by Emirati engineers. Khalifa-Sat, as it will be known, is expected to be launched in 2017.

EIAST’s founding in 2006 was followed the next year by the launch of YahSat by Mubadala, the region’s first hybrid military and commercial satellite company. YahSat’s first satellite, launched in 2011, provides satellite links to TV networks and other corporate customers, together with communications to the UAE Army, as well as commercial links to corporate customers and TV broadcasters. The company’s second satellite, which launched in April 2012, also provides broadband internet (Yahclick) in a number of markets.

The evolution of the satellite industry in the UAE dates from the late 1990s, prior to which much of the country’s satellite communications requirements were served by the Arab league’s Arabsat, which launched its first satellites in 1985.

1997 saw the incorporation of Thuraya, the satellite phone subsidiary of Etisalat. Three years later, the company’s first satellite was launched.

“We’re proud to have been the trigger for the space and satellite industry in the UAE,” says Ahmed Al Shamsi, Thuraya’s chief technology officer. “We started the ball rolling, and then others have come in, and we’ve supported them.”

While the company’s original satellite, Thuraya-1, is no longer in use, it has subsequently launched its second and third satellites in 2003 and 2008, both of which are expected to remain functional to at least 2020.

So what will the next stage be in the UAE’s plans for the heavenly realms? The development of a spaceport facility, together with the nurturing of engineering talent, are likely to increasingly dovetail as time goes on.

“If they build a spaceport here, the natural next step would be to configure it so that it can also be a launch facility for satellites,” says the academic.

“The satellite launching business is becoming increasingly big business around the world. One of the big changes we’re going to see in the next 15 years is that most of the major space activities are going to be done by lead by private companies, rather than by governments.”

While no such plans have been made public for a satellite launch facility at this stage, Mr Al Shamsi says there is no reason it should not come about.

“Of course, there are technical questions about finding the appropriate site, but it wouldn’t surprise me to see it happen here in the UAE,” he says.

“We’ve seen the country evolve very fast in the past 30 to 40 years. And, after all, when you build a satellite of course you need a place to launch them from.”

jeverington@thenational.ae

Know your cyber adversaries

Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.

Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.

Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.

Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.

Phishing: Aims to secure personal information, such as passwords and credit card numbers.

Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.

Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.

Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.

Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.

Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.

Zero-day exploit: Exploits a vulnerability in software before a fix is found.

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Bullet%20Train
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UAE currency: the story behind the money in your pockets
Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you

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.”

Company%20Profile
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COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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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

The Old Slave and the Mastiff

Patrick Chamoiseau

Translated from the French and Creole by Linda Coverdale

The 12 breakaway clubs

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Company%20Profile
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'Morbius'

Director: Daniel Espinosa 

Stars: Jared Leto, Matt Smith, Adria Arjona

Rating: 2/5

Company%20Profile
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SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

Company%20profile
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The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

Specs%3A%202024%20McLaren%20Artura%20Spider
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Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

SPECS%3A%20Polestar%203
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ELong-range%20dual%20motor%20with%20400V%20battery%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E360kW%20%2F%20483bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E840Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3EMax%20touring%20range%3A%3C%2Fstrong%3E%20628km%3Cbr%3E%3Cstrong%3E0-100km%2Fh%3A%3C%2Fstrong%3E%204.7sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20210kph%20%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh360%2C000%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ESeptember%3Cbr%3E%3C%2Fp%3E%0A
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Uefa Nations League

League A:
Germany, Portugal, Belgium, Spain, France, England, Switzerland, Italy, Poland, Iceland, Croatia, Netherlands

League B:
Austria, Wales, Russia, Slovakia, Sweden, Ukraine, Republic of Ireland, Bosnia-Herzegovina, Northern Ireland, Denmark, Czech Republic, Turkey

League C:
Hungary, Romania, Scotland, Slovenia, Greece, Serbia, Albania, Norway, Montenegro, Israel, Bulgaria, Finland, Cyprus, Estonia, Lithuania

League D:
Azerbaijan, Macedonia, Belarus, Georgia, Armenia, Latvia, Faroe Islands, Luxembourg, Kazakhstan, Moldova, Liechtenstein, Malta, Andorra, Kosovo, San Marino, Gibraltar

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE