• This Monday, Feb. 22, 2021 satellite photo from Planet Labs Inc. shows construction near the Shimon Peres Negev Nuclear Research Center near the city of Dimona, Israel. A long-secretive Israeli nuclear facility that gave birth to its undeclared atomic weapons program is undergoing what appears to be its biggest construction project in decades, according to satellite photos analyzed by The Associated Press. (Planet Labs Inc. via AP)
    This Monday, Feb. 22, 2021 satellite photo from Planet Labs Inc. shows construction near the Shimon Peres Negev Nuclear Research Center near the city of Dimona, Israel. A long-secretive Israeli nuclear facility that gave birth to its undeclared atomic weapons program is undergoing what appears to be its biggest construction project in decades, according to satellite photos analyzed by The Associated Press. (Planet Labs Inc. via AP)
  • Satellite photo from Planet Labs Inc. shows construction near the Shimon Peres Negev Nuclear Research Center near the city of Dimona, Israel. Planet Labs Inc. via AP
    Satellite photo from Planet Labs Inc. shows construction near the Shimon Peres Negev Nuclear Research Center near the city of Dimona, Israel. Planet Labs Inc. via AP
  • Satellite photo from Planet Labs Inc. shows construction near the Shimon Peres Negev Nuclear Research Center near the city of Dimona, Israel. Planet Labs Inc. via AP
    Satellite photo from Planet Labs Inc. shows construction near the Shimon Peres Negev Nuclear Research Center near the city of Dimona, Israel. Planet Labs Inc. via AP
  • A September 29, 1971 spy satellite photograph later declassified by the US government, shows what now is known as the Shimon Peres Negev Nuclear Research Centre near the city of Dimona, Israel. US Centre for Earth Resources Observation and Science/US Geological Survey, via AP
    A September 29, 1971 spy satellite photograph later declassified by the US government, shows what now is known as the Shimon Peres Negev Nuclear Research Centre near the city of Dimona, Israel. US Centre for Earth Resources Observation and Science/US Geological Survey, via AP

Israel's secretive nuclear facility gets a revamp


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A secretive Israeli nuclear facility at the centre of the nation’s undeclared atomic weapons programme is undergoing what appears to be its biggest construction project in decades, satellite photos analysed by The Associated Press show.

A dig about the size of a football field and probably several storeys deep is mere metres from the ageing reactor at the Shimon Peres Negev Nuclear Research Centre near the city of Dimona. The facility is already home to decades-old underground laboratories that reprocess the reactor’s spent rods to obtain weapons-grade plutonium for Israel’s nuclear bomb programme.

What the construction is for, however, is unclear. The Israeli government did not respond to detailed questions from AP about the work. Under its policy of nuclear ambiguity, Israel neither confirms nor denies having atomic weapons. It is among just four countries that have never joined the Non-Proliferation Treaty, an international accord meant to stop the spread of nuclear arms.

The construction comes as Israel – under Prime Minister Benjamin Netanyahu – maintains its scathing criticism of Iran's nuclear programme, which is under the watch of United Nations inspectors, unlike its own. That renewed calls among experts for Israel to publicly declare details of its programme.

What “the Israeli government is doing at this secret nuclear weapons plant is something for the Israeli government to come clean about”, said Daryl G Kimball, executive director of the Washington-based Arms Control Association.

With French assistance, Israel began secretly building the nuclear site in the late 1950s in empty desert near Dimona, a city about 90 kilometres south of Jerusalem. It hid the military purpose of the site from America, now Israel's chief ally, for years, even referring to it as a textile factory.

With plutonium from Dimona, Israel is widely believed to have become one of only nine nuclear-armed countries in the world. Given the secrecy surrounding its programme, it is unclear how many weapons it possesses. Analysts estimate Israel has material for at least 80 bombs. Those weapons could be delivered by land-based ballistic missiles, fighter jets or submarines.

For decades, the layout of the Dimona facility has been unchanged. But last week the International Panel on Fissile Materials at Princeton University noted it had seen "significant new construction" at the site via commercially available satellite photos, although few details could be made out.

Satellite images captured on Monday by Planet Labs after a request from AP provide the clearest view yet of the activity. Just south-west of the reactor, workers have dug a hole about 150 metres long and 60m wide. Tailings from the dig can be seen next to the site. A trench about 330m long runs near the dig.

About two kilometres west of the reactor, boxes are stacked in two rectangular holes that appear to have concrete bases. Tailings from the dig can be seen near by. Similar concrete pads are often used to entomb nuclear waste.

Other images from Planet Labs suggest the dig near the reactor began in early 2019 and has progressed slowly since then.

Analysts who spoke to AP offered several suggestions about what could be happening there.

The centre's heavy-water reactor has been operational since the 1960s, far longer than most reactors of the same era. That raises questions over effectiveness and safety. In 2004, Israeli soldiers handed out iodine pills in Dimona in case of a radioactive leak from the facility. Iodine helps to block the body from absorbing radiation.

Those safety concerns could lead authorities to decommission or otherwise retrofit the reactor, analysts said.

“I believe that the Israeli government is concerned to preserve and maintain the nation’s current nuclear capabilities,” said Avner Cohen, a professor of non-proliferation studies at the Middlebury Institute of International Studies at Monterey, who has written extensively on Dimona.

“If indeed the Dimona reactor is getting closer to decommissioned, as I believe it is, one would expect Israel to make sure that certain functions of the reactor, which are still indispensable, will be fully replaced.”

Mr Kimball, of the Arms Control Association, suggested Israel may want to produce more tritium, a relatively faster-decaying radioactive by-product used to boost the explosive yield of some nuclear warheads. It also could want fresh plutonium “to replace or extend the life of warheads already in the Israeli nuclear arsenal”, he said.

Israel built its nuclear weapons because it faced several wars with its Arab neighbours since its founding in 1948.

An atomic weapons programme, even undeclared, provided it with an edge to deter enemies.

As Shimon Peres, who led the nuclear programme and later served as prime minister and president of Israel, said in 1998: "We have built a nuclear option, not in order to have a Hiroshima, but to have an Oslo," referring to the first US nuclear bomb drop in the Second World War and Israel's efforts to reach a peace deal with Palestinians.

But Israel's strategy of opacity drew criticism from opponents. Iranian Foreign Minister Javad Zarif seized on the work at Dimona this week as his country prepared to limit access by the UN's International Atomic Energy Agency amid tensions with the West over its collapsing 2015 nuclear deal.

“Any talk about concern about Iran’s nuclear programme is absolute nonsense,” Mr Zarif told Iranian state television’s English-language arm Press TV. “Let’s be clear on that: It’s hypocrisy.”

The timing of the Dimona construction surprised Valerie Lincy, executive director of the Washington-based Wisconsin Project on Nuclear Arms Control.

“I think the most puzzling thing is ... you have a country that is very aware of the power of satellite imagery and particularly the way proliferation targets are monitored using that imagery,” Ms Lincy said.

“In Israel, you have one known nuclear target for monitoring, which is the Dimona reactor. So you would think that anything that they wanted to keep under the radar would be kept under the radar.”

In the 1960s, Israel used its claims about adversary Egypt’s missile and nuclear efforts to divert attention from its work at Dimona – and may choose to do the same with Iran now.

“If you’re Israel and you are going to have to undertake a major construction project at Dimona that will draw attention, that’s probably the time that you would scream the most about the Iranians,” said Jeffrey Lewis, a professor who teaches non-proliferation issues at Middlebury.

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Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

The biog

DOB: 25/12/92
Marital status: Single
Education: Post-graduate diploma in UAE Diplomacy and External Affairs at the Emirates Diplomatic Academy in Abu Dhabi
Hobbies: I love fencing, I used to fence at the MK Fencing Academy but I want to start again. I also love reading and writing
Lifelong goal: My dream is to be a state minister

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Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

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Aghadan Alqak (Would I Ever Find You Again)?

Would I ever find you again
You, the heaven of my love, my yearning and madness;
You, the kiss to my soul, my cheer and
sadness?
Would your lights ever break the night of my eyes again?
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This world is volume and you're the notion,
This world is night and you're the lifetime,
This world is eyes and you're the vision,
This world is sky and you're the moon time,
Have mercy on the heart that belongs to you.

Lyrics: Al Hadi Adam; Composer: Mohammed Abdel Wahab

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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The biog

Name: Salvador Toriano Jr

Age: 59

From: Laguna, The Philippines

Favourite dish: Seabass or Fish and Chips

Hobbies: When he’s not in the restaurant, he still likes to cook, along with walking and meeting up with friends.

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'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
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