Northrop Grumman's Fire Scout unmanned helicopter has completed extreme weather testing at a military base in the UAE desert.
Northrop Grumman's Fire Scout unmanned helicopter has completed extreme weather testing at a military base in the UAE desert.
Northrop Grumman's Fire Scout unmanned helicopter has completed extreme weather testing at a military base in the UAE desert.
Northrop Grumman's Fire Scout unmanned helicopter has completed extreme weather testing at a military base in the UAE desert.

Trial over for unmanned chopper


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Northrop Grumman has completed extreme weather testing of an unmanned helicopter surveillance system in the Al Gharbia desert. Nearly two weeks of testing the US defence contractor's MQ-8 Fire Scout at a military base in the Western Region was conducted, helping to ready the helicopter for delivery to its first and only customer so far, the US Navy, in 2012.

Last year, Northrop officials said the UAE was one of more than 15 nations that had expressed interest in the unmanned aerial vehicle (UAV), which costs about US$15 million (Dh55m), according to Deagel.com, the military data provider. Northrop provides the navigation technology that allows it to fly unmanned, while other key components are provided by Schweitzer, Rolls-Royce, Flir Systems and L-3 Communications.

The trials, which took place this month, highlight the UAE's growing interest in unmanned systems. Defense News reported a proposed deal for the UAE to buy Italian trainer jets included a provision for the two to collaborate on UAV technology. The UAE is also developing a state-backed investment firm specialising in the technology, Abu Dhabi Autonomous Systems Investments (ADASI). ADASI hosted the Northrop trials and last year the two signed a "proprietary information exchange", linking the Abu Dhabi firm with one of the world's most advanced UAV companies to collaborate on a system adapted to the Middle East's hot, humid conditions.

Ali al Yafei, the chief executive of ADASI, said Fire Scout had many unique capabilities. "We're looking forward to reviewing the results of this in-country testing," Mr al Yafei said. John Brooks, the president of Northrop Grumman International, said yesterday his firm saw the UAE as its top priority outside the US. "If they have a requirement for the Fire Scout, we are here to be a partner with them," Mr Brooks said.

Northrop is a major supplier to the UAE Armed Forces, providing a radar system onboard the nation's fleet of F-16s, and its battle management system, which is a computer network that will gather radar data to co-ordinate the launch of missiles and fighter jets. It is also campaigning to supply the UAE with its latest airborne early warning aircraft, the E-2D Advanced Hawkeye. Northrop has produced high-profile military planes including the B2 stealth bomber. But as many of its US rivals have won major aircraft contracts from the US department of defence, such as Lockheed Martin's F-22 and F-35 fighter jets, Northrop has sought to regain its dominant position through the emerging UAV industry.

It also produces the 10-tonne Global Hawk, which can reach 20,000 metres in altitude and fly for 36 hours at a time. Fire Scout is being marketed as a surveillance tool - an "unblinking eye in the sky" - but it can also carry cargo in conflict zones, minimising the danger for pilots. In April, a Fire Scout being tested by the US Navy in the Pacific Ocean identified a "high-speed" drug-running speedboat and tracked it for three hours before a mother ship detained the boat and confiscated 60kg of cocaine.

The UAE demonstrations included numerous take-offs and landings in hot, windy and sandy conditions in temperatures up to 47°C, and at altitudes of up to 3,000 metres, Northrop said. It included tests where the Fire Scout operated beyond the horizon of its ground-based operators, the company said. @Email:igale@thenational.ae

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What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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.”

FIRST TEST SCORES

England 458
South Africa 361 & 119 (36.4 overs)

England won by 211 runs and lead series 1-0

Player of the match: Moeen Ali (England)

 

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