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Israel’s air force cannot halt Iran’s nuclear programme with a military campaign because it lacks bombs and aircraft with sufficient range, the country’s former prime minister has told The National.
“Israel has no means to be able to destroy the nuclear programme of Iran,” Ehud Olmert said in an interview.
He called on his successor Benjamin Netanyahu to stop the Gaza campaign and make a deal with Hamas to get the 102 remaining Israeli hostages home.
Israel’s prime minister from 2006 to 2009 also suggested the government could be faced with a “major setback” if it did not progress with the peace process, as tensions between Israelis and Palestinians increase.
Nuclear Iran
Iran is understood to have enriched its uranium to 60 per cent, close to the 90 per cent required to make a nuclear bomb.
For many years Israel has threatened to destroy the Tehran regime’s nuclear facilities if they reached weapons grade.
But Mr Olmert, 78, told The National “this is not an option”, as the Israeli air force lacks the ability to penetrate the 60-metre mountain bunkers sheltering the nuclear plants.
“We can destroy their headquarters, important projects, railways, roads and airports,” said Mr Olmert. “Israel can do a lot to damage Iran's infrastructure but Israel has no means to be able to destroy the nuclear programme of Iran.”
Its advanced F-35A stealth aircraft, which have a maximum range of 2,200km, are unable to fly to Tehran and back again because Israel does not have sufficient in-flight refuelling tankers.
“Nuclear facilities are 50 or 60 metres underground, which makes it almost immune to any military attack from the above,” the former prime minister said, speaking at his office in Tel Aviv.
“F-35s don’t have range to fly to Iran and back as we don’t have enough tankers.” While Iran's immediate border is 1,200km away, major military sites such as Bandar Abbas airbase are more than 2,000km away.
The Israeli air force does have seven of Boeing 707 tankers but the issue, according to defence analysts, is “scale” compared to, say, the US air force.
There is also said to be fuel drop-tank shortages for its large fleet of F-15 and F-16 fighter-bombers which suggest they would “struggle to hit Iran for a prolonged war”, a defence source said.
In response to Mr Olmert’s assertion, Lt Col Peter Lerner, a spokesman for Israel’s military, said: “We have full confidence in our capabilities to deal with all of the threats in the region.”
Hostages home
Having “destroyed a very major part of Hamas’s military capacity” in the Gaza campaign, Mr Olmert called for a ceasefire in return for hostages.
But Mr Netanyahu rejects this proposal because right-wingers in his coalition would be outraged at any deal with Hamas. “It is probably going to break up his government in 24 seconds, not 24 hours,” Mr Olmert said.
He accused the Prime Minister, who faces corruption charges, of being ready “to pay in national interest, including lives of hostages if not lives of soldiers, for his political and survivability”.
“He needs to be removed, there is no way that he can stay in power,” said Mr Olmert, who served a short jail term for corruption.
He condemned Mr Netanyahu’s pre-October 7 policy towards Gaza. “I would have never, ever flirted with Hamas at the expense of the Palestinian Authority, this is the basic fundamental error of policy of the highest historical proportions.”
He said if he had dealt with the Palestinian Authority, “there is only one item on the agenda and this is peace” and a two-state solution but “Netanyahu doesn't want to concede one centimetre of territory”.
Pompous rhetoric
The former leader, who developed a strong relationship with US president George W Bush during his premiership, authorised the 2006 operation into south Lebanon to remove Hezbollah from the northern Israeli border.
But without sustainable peace in the past two decades, and with significant Iranian support, extremists have been able to position their missiles and forces close to the border.
“Hezbollah started to understand that while the Israeli leadership was very pompous in its rhetoric, its delivery was very limited and constrained so they started to glide back into the southern border.”
While he did not suggest another invasion would be helpful, he did warn there was a possibility Hezbollah had tunnels dug for an infiltration into Israel.
Setback risk
The only way for Israel to prevent the deteriorating security situation was to negotiate with the Palestinians for a two-state solution, Mr Olmert said.
“There is an opportunity for major progress and there is a risk for a major setback,” he said. “And the question is whether we will be wise enough to understand that.”
But he warned there was a “very sophisticated manipulation” by right-wing forces against the peace process who were opposed to any concessions “at any cost”.
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Results:
Men's wheelchair 800m T34: 1. Walid Ktila (TUN) 1.44.79; 2. Mohammed Al Hammadi (UAE) 1.45.88; 3. Isaac Towers (GBR) 1.46.46.
Super 30
Produced: Sajid Nadiadwala and Phantom Productions
Directed: Vikas Bahl
Cast: Hrithik Roshan, Pankaj Tripathi, Aditya Srivastav, Mrinal Thakur
Rating: 3.5 /5
The five pillars of Islam
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
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Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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.”
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
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At a glance
- 20,000 new jobs for Emiratis over three years
- Dh300 million set aside to train 18,000 jobseekers in new skills
- Managerial jobs in government restricted to Emiratis
- Emiratis to get priority for 160 types of job in private sector
- Portion of VAT revenues will fund more graduate programmes
- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government