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UAE Hope Probe To Go Into Orbit Around Mars This Week

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Emirates Mars Mission

After nearly seven months in space, the Emirates Mars Mission’s Hope Probe (Arabic: مسبار الأمل‎, Al Amal) will make its orbital insertion on February 9, 2021. The objective of the probe is to provide the first complete portrait of the Martian atmosphere, helping scientists understand the climate dynamics of the Red Planet.

The Hope Probe was developed by the Mohammed bin Rashid Space Centre (MBRSC) and the Laboratory for Atmospheric and Space Physics (LASP) at the University of Colorado Boulder, and it will be the first of the three spacecraft that took advantage of the July 2020 Mars launch window, with the other two being Tianwen-1 (China) and Mars 2020 (USA).

Before Hope Probe can use its three scientific instruments to answer important questions about the loss of hydrogen and oxygen from Mars into space, it must first successfully perform a complex and risky maneuver to enter a Mars orbit, using all of its six thrusters to slow down from 121,000 km/h to 18,000 km/h.

uae hope probe mission journey

Emirates Mars Mission

If successful, the United Arab Emirates will become only the fifth nation to reach Mars. The occasion is timed to mark the 50th anniversary of the unification of the wealthy Gulf state, so the sense of anticipation is understandably sky-high — not just figuratively but also literary. Dubai’s Burj Khalifa, the world’s tallest skyscraper, currently shines red to signal the arrival of the Hope Probe to Mars.

uae hope probe mission infographic

Emirates Mars Mission

Regardless of how the Emirates Mars Mission ends, it has already completed its goal of stimulating young students to pursue STEM-related fields.

“We’ve seen a large shift with the mindset of students, first and foremost, within the Emirates” said Her Excellency Sarah bint Yousef Al Amiri, chairperson at the UAE Space Agency and minister of state for advanced sciences in the UAE. “But we’ve also seen a lot of keen engagement within the region, a region that is typically known to be unstable, and that has triggered a lot of thoughts with regards to what is possible” she added.

uae hope probe instruments

Emirates Mars Mission

Also Read: Hyperloop Video Provides A Peek At The Future Of Transportation

According to the world’s richest person, Elon Musk, it should be possible to send 1 million people to Mars by 2050, and the data collected by probes such as the Hope Probe are vital for making this lofty plan happen.

You’ll be able to watch live coverage of the UAE Hope Probe reaching Mars on the UAE Space Agency website.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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