The US testing a new laser weapon that could be used to counter drone strikes in the Gulf. AP
The US testing a new laser weapon that could be used to counter drone strikes in the Gulf. AP
The US testing a new laser weapon that could be used to counter drone strikes in the Gulf. AP
The US testing a new laser weapon that could be used to counter drone strikes in the Gulf. AP


To see Iran's true foreign policy, look to the Gulf, not Vienna


  • English
  • Arabic

January 28, 2022

The recent upsurge in attacks by Iran-backed Houthi rebels against civilian targets in the UAE inevitably raises questions about the seriousness of Tehran’s commitment to talks currently taking place in Vienna over its nuclear programme.

Although the negotiations have been taking place for several months, with European diplomats taking the lead role in discussions with the Iranian delegation because the US and Iran have yet to agree to establish a direct dialogue, all the indications are that progress is painfully slow.

Western negotiators have accused the Iranians of playing for time and not approaching the negotiations with sufficient seriousness, preferring instead to concentrate their focus on their nuclear enrichment activities, which have now moved well beyond the limit originally agreed in the 2015 deal concluded with the help of the Obama administration.

Indeed, with Iran expected to reach the enrichment threshold to produce weapons-grade material in the next few weeks, there is a general acceptance that, if a deal is not forthcoming soon, then the negotiations will collapse, with all the implications that are likely to happen for security in the Gulf region.

Debris of an Iranian-made Ababil drone used by the Houthis. AFP
Debris of an Iranian-made Ababil drone used by the Houthis. AFP

There is, after all, little point in pursuing a deal to restrict Tehran’s ability to enrich uranium to the level required for producing nuclear weapons if the Iranians have already achieved that worrying benchmark.

With the nuclear negotiations therefore reaching a critical juncture, Gulf security officials believe many of the attacks being carried out by Houthi rebels in Yemen, which have received significant military backing from Iran, can be linked to the nuclear talks, and are a blatant attempt by Tehran to pressure the West into making concessions at the Vienna talks.

Iran’s official position is that the Houthis are acting independently of Iran, and that Tehran has little influence over their terrorist activities. But Gulf security officials paint a different picture, and have assembled an impressive amount of evidence that points to deep-seated Iranian involvement in many of the Houthi terror attacks carried out in the region in recent years.

These include fragments of missiles and drones used in attacks against the Saudi-led coalition bearing manufacturing marks of Iranian companies, hordes of Iranian-made weapons seized in boats travelling from Iran to Houthi-controlled ports in Yemen and reports of Iranian technical experts travelling to Yemen to assist Houthi extremists assemble Iranian-made ballistic missiles, which are then used to attack coalition targets in Saudi Arabia and the Gulf.

With mounting evidence of Iran’s direct involvement in providing significant military support for the Houthis, including the delivery of long-range missiles and drones, Gulf security officials have little doubt that Iran is playing an active role in helping to direct the Houthis’ terrorist activities, including this month's series of attacks against the UAE.

Following last week’s co-ordinated attack against a number of targets in the UAE, in which three people died and six were wounded after fuel lorries exploded near Abu Dhabi International Airport, two ballistic missiles fired by the Houthis at Abu Dhabi were intercepted and destroyed.

And there is a growing belief among Gulf diplomats that the recent upsurge in attacks against the UAE, as well as the Houthis continuing their attacks against Saudi positions, is directly linked to the Vienna talks, and Tehran’s attempts to pressure Western negotiators into agreeing a deal that is favourable to Iran.

“Even though Iran’s official position is that it has no official control over the Houthis, the reality is that Iran is deeply involved in the Houthis’ terrorist activities,” commented a senior Gulf security official. “All the indications are that Iran is orchestrating these attacks to increase the pressure on the West to make concessions over its nuclear programme.”

Gulf diplomats point out that the recent Houthi attacks come at a time when a number of Gulf states, including the UAE, have launched diplomatic efforts to engage with Iran in an attempt to reduce regional tensions.

The recent escalation in Houthi attacks has attracted universal international condemnation, with the UN Security Council last week passing a unanimous motion condemning the attacks against the UAE.

The upsurge in Houthi violence has also led to calls for Washington to re-designate the Houthis as a terrorist organisation. The terrorist designation was originally applied against the movement in the dying days of the Trump administration, but was subsequently lifted when US President Joe Biden took office, a move that was seen as a goodwill gesture towards Iran as his administration sought to revive the 2015 nuclear deal.

Ebrahim Raisi, Iran's president, during a recent television interview. EPA
Ebrahim Raisi, Iran's president, during a recent television interview. EPA

But, rather than encouraging the Houthis and their Iranian backers to adopt a more constructive approach to efforts to reduce regional tensions, Gulf security officials have identified a sharp increase in Houthi terrorist activity since Washington lifted the terrorist designation, with an uplift in both missile and drone strikes against coalition targets.

“After the terrorist designation was lifted, it is clear the Houthis believed they could resume their terrorist operations because no one was prepared to stop them,” commented a Gulf security official.

With the Houthis and their Iranian backers seemingly unwilling to curtail their terrorist activities in favour of pursuing a diplomatic resolution of the conflict, the UAE has reportedly entered discussions with the US about upgrading its defensive capabilities in the wake of the recent attacks against UAE targets.

Lana Nusseibeh, the Emirati permanent representative to the UN, told CNN earlier this week that security discussions with Washington were taking place, but declined to provide details. The UAE currently uses the US anti-missile interception system THAAD.

"Our ability to intercept and deflect these attacks is world class," she said. "There can always be upgrades and improvements and ... additional intelligence co-operation and I think these are the fields we're looking at with our partners."

Such measures would not be necessary if Iran was serious about reducing regional tensions by engaging constructively with the Vienna talks. Instead, the fact Iranian-backed Houthi rebels are escalating their terrorist activities means that tensions – in the short term, at least – are likely to increase.

The years Ramadan fell in May

1987

1954

1921

1888

The biog

Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

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.”

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

CHELSEA SQUAD

Arrizabalaga, Bettinelli, Rudiger, Christensen, Silva, Chalobah, Sarr, Azpilicueta, James, Kenedy, Alonso, Jorginho, Kante, Kovacic, Saul, Barkley, Ziyech, Pulisic, Mount, Hudson-Odoi, Werner, Havertz, Lukaku. 

Updated: January 28, 2022, 4:00 AM