The Middle East can expect days of Israeli attacks on Iran as it conducts a “brutal and methodical” assault to ensure it sets back the nuclear programme by many years, military experts have told The National.
Iranians can't afford to wait a week to respond because they're going to be attrited now at a very high rate
Frank Ledwidge
After Iran's military leadership has been largely decapitated in surgical air strikes it currently appears toothless in its ability to respond to the unprecedented attack on the six-decade-old theocracy.
But if it is to retaliate it needs to do so almost immediately as its military infrastructure was “being [eliminated] at such rate that there will soon be little left,” said former British military intelligence officer, Frank Ledwidge.
A defence source added that the Israelis were going through “an enormous bank of targets that they've started with the highest level” and would now “go through them in an orderly fashion”.
It is also becoming evident that Iran’s apparently strong air defences have proven ineffective and could very soon be wiped out by Israeli attacks.
“We are taking out their aerial defence system so we can operate more freely against their nuclear programme and against their military targets,” the Israeli military official added. “Dozens of radars and surface to air missile launchers have been destroyed.”
Nuclear dark ages
The key focus of attack will be Iran’s nuclear facilities with Israeli intelligence stating that Tehran now had enough enriched uranium to rapidly make 15 nuclear bombs.
While Israel does not have America’s GBU-57 13,600kg bunker buster bombs it does possess large but smaller GBU-28 1,800kg bombs thought to have been used in the assassination of Hezbollah leader Hassan Nasrallah in September.
With his command bunker buried deep below a Beirut apartment block, Israel deployed a number of the large bombs creating geometric patterns to penetrate deep.
Without US bombers, that could be the tactic Israel uses against Iran’s key nuclear sites such as Natanz and Fordow in order to eradicate its nuclear bomb making capability.
That will be the bombing campaign’s priority, said Richard Pater, director of the Anglo-Israeli Bicom think tank.
“The key question is that now embarked on this campaign, how many years are you going to be set be setting back Iran’s nuclear programme back as it had better be a long time,” he said.
“Everyone understands that the Iranian desire for revenge is going to be at a peak, so Israel had better do this thoroughly.”
Israel remains silent about whether its action will result in regime change but it is likely that it will want to remove the leadership that has sacrificed so much in search of its nuclear goal.
Retaliation options
Following Israel’s 18 months of fighting since October 7 attacks, Iran’s biggest deterrent against a backlash, Hezbollah, has been severely depleted and on Friday was only able to issue a benign statement that made no reference to military action.
Other proxies are unlikely to mount serious attacks, although there are concerns that that Houthis in Yemen might be able to up their near daily rocket attack with ballistic missiles, one of which came close to hitting Ben Gurion airport last month.
It now will take a few days for Iran to re-establish command and control over its armed forces after senior commanders were killed and once achieved, they may well have a limited revenge arsenal.
While 100 drones were fired towards Israel soon after Friday’s operation began, it appears that few made the eight or nine hour journey to their destination with most shot down.
That is because Israel now has a triple-layered air defence system that can take out drones, cruise as well as ballistic missiles.
Iran’s massed missile and drone attack last October only managed to kill a single Palestinian and damage an airfield.
That leaves the regime’s only other option of asymmetric warfare of using specialist teams such as Unit 840 to conduct terror attacks at Israeli establishments overseas.
But that will require direction and planning from the top, and Iran’s leadership appears under the unprecedented stress of having many of its generals removed from the battlefield.
Ineffectual Iran?
Defence analysts believe the air campaign could continue for a week, perhaps two to “degrade every aspect of the Iranian military command, control and executive function,” said Mr Ledwidge. “Today is just a start.”
“But the Iranians can't afford to wait a week to respond because they're going to be attrited now at a very high rate,’ he added.
Subsequently Iran’s internal communications have been seriously disrupted with the deaths the equivalent of Britain’s PJHQ (permanent joint headquarters), Ministry of Defence and head of military all being wiped out on one day, he said.
“Our mission is very clear, to remove an existential threat,” an Israeli military official told The National.
With Iran possessing a considerable stock of ballistic missiles – although their effectiveness is in question – Israel has made a point of attacking its launchers, including inserting a Mossad team, that was potentially local recruited, into Iran for direct strikes.
“We know they have hundreds of ballistic missiles ready to fire towards Israel,” the military official said. “We were able to in our actions this morning to weaken their chain of command, and carry out pre-emptive strikes against ballistic missiles.”
Ultimately the bombing campaign could see a “new Middle East” in the long term, said Dr Efrat Sopher, an Iranian foreign policy analyst.
“The immediate future is very worrying with the Iranian regime causing so much instability with all its tentacles but now removing the head of the octopus I believe will bring about a more a more stable international system and peace through prosperity,” she added.
The specs
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Torque: 370Nm from 1,500-3,500rpm
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Fuel consumption: 7.8L/100km
Price: from Dh94,900
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Abu Dhabi World Pro 2019 remaining schedule:
Wednesday April 24: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-6pm
Thursday April 25: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-5pm
Friday April 26: Finals, 3-6pm
Saturday April 27: Awards ceremony, 4pm and 8pm
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Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
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Marital status: Separated with two young daughters
Education: Master's degree from American Univeristy of Cairo
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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 insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
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