The US launches a hypersonic glide body, or warhead, from the Pacific Missile Range Facility in Kauai, Hawaii, in 2020. AP
The US launches a hypersonic glide body, or warhead, from the Pacific Missile Range Facility in Kauai, Hawaii, in 2020. AP
The US launches a hypersonic glide body, or warhead, from the Pacific Missile Range Facility in Kauai, Hawaii, in 2020. AP
The US launches a hypersonic glide body, or warhead, from the Pacific Missile Range Facility in Kauai, Hawaii, in 2020. AP


The West is testing hypersonic weapons – this should worry the world


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  • Arabic

April 07, 2022

The announcement that the UK will join the US and Australia in developing hypersonic missiles could herald the start of an arms race that might prove to be infinitely more dangerous than the Cold War rivalry between the world's major powers to develop nuclear weapons.

Hypersonic missiles, which can travel more than five times the speed of sound, are a relatively new weapon that have caused consternation in global security circles, given their ability to deliver nuclear warheads between continents in a matter of minutes.

Concerns about the threat these missiles could pose to global security have increased since Washington confirmed last year that China tested a hypersonic weapon. Russia's claim that it fired its Kinzhal hypersonic weapon in Ukraine a fortnight ago has only added to fears about the impact such weaponry could have on modern warfare.

It is precisely these concerns that have prompted the UK to join hands with the US and Australia, who are already partnered in an initiative called the Southern Cross Integrated Flight Research Experiment – or "SCIFiRE".

On its own, the US is in the process of developing hypersonic missiles that can strike targets at a range of about 2,775 kilometres, and will reportedly be capable of travelling up to eight times the speed of sound. By contrast, the UK and Australia are in the early stages of developing the technology.

Following last year's signing of the landmark "Aukus" security pact between the US, UK and Australia, the three countries have now agreed to expand the scope of their co-operation to include developing their own high-speed weapons such as hypersonics and counter-hypersonics, as well as building electronic warfare capabilities.

Australian Prime Minister Scott Morrison and US Defence Secretary Lloyd Austin walk past a military honour guard prior to their meeting at the Pentagon last September. AFP
Australian Prime Minister Scott Morrison and US Defence Secretary Lloyd Austin walk past a military honour guard prior to their meeting at the Pentagon last September. AFP
We have to make sure that we are right at the top of our game
Barnaby Joyce,
Australian Deputy Prime Minister

After talks this week between their respective leaders, the trio agreed to further broaden the terms of Aukus, which was originally aimed at developing a new generation of nuclear submarines for Australia designed to counter what they view to be China's growing threat to security in the Asia-Pacific region. The pact also includes working together on AI and quantum technologies and protecting vital undersea cables.

The trio have reiterated their "unwavering commitment" to an international system that also "respects human rights". In a joint statement, they said: "We reaffirmed our commitment to Aukus and to a free and open Indo-Pacific." Announcing the weapons development plan, UK National Security Adviser Stephen Lovegrove said that, following the Ukraine conflict, it is "more important now than ever" that allies work together to defend democracy and freedom around the globe.

Because the development of hypersonic weapons in the West is still at a nascent stage, one of the more immediate challenges is to figure out how to prevent missiles launched by adversaries from hitting their targets. These sophisticated weapons have the ability to use the air in flight so that they cannot be intercepted by any of the missile defence capabilities currently available in the West.

Australia is particularly concerned about the threat such weapons could pose to its national security. As Deputy Prime Minister Barnaby Joyce explained this week, a hypersonic missile fitted with a nuclear warhead would potentially be able to strike his country within minutes of being launched from China, thereby giving Canberra precious little time to react.

With hypersonic weapons creating, as Mr Joyce put it, an "existential threat" to Australia, he warned that it is vital for his country to build up its defences as quickly as possible. "They can change path, which makes them very hard to detect and even harder to hit," he told Sky News. "This gives an existential threat to Australia. [In] probably about 14 minutes after they [are] launched, they would be able to reach here ... so we have to make sure that we are right at the top of our game."

Australian Deputy Prime Minister Barnaby Joyce worries about a possible strike from China. Getty Images
Australian Deputy Prime Minister Barnaby Joyce worries about a possible strike from China. Getty Images

Mr Joyce said Australia needs to be part of the US's hypersonic missile development programme, which also seeks to develop new technologies capable of intercepting the weapons. "This shows the strength of Aukus and also gives big clear flashing lights that we have to become as strong as possible, as quickly as possible," he said.

US Defence Secretary Lloyd Austin has already tasked the Pentagon with the challenge of expediting hypersonic weapons systems, as America races to keep up with China and Russia.

This week's announcement has attracted criticism from Beijing, which warned that the move could provoke a new arms race. When asked about the deal, China's UN ambassador Zhang Jun said: "Anyone who does not want to see the Ukrainian crisis should refrain from doing things which may lead the other parts of the world into a crisis like this. As one Chinese saying goes, 'if you do not like it, do not impose it against the others'."

Nevertheless, with the likes of China and Russia already advanced in their efforts to develop sophisticated hypersonic missile technology, it is only a matter of time before the West has the ability to deploy similar capabilities – a development that will only serve to make the world an even more dangerous place.

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RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

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.”

match info

Athletic Bilbao 1 (Muniain 37')

Atletico Madrid 1 (Costa 39')

Man of the match  Iker Muniain (Athletic Bilbao)

So what is Spicy Chickenjoy?

Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
 

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

POWERWASH%20SIMULATOR
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The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

THE%20HOLDOVERS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAlexander%20Payne%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Paul%20Giamatti%2C%20Da'Vine%20Joy%20Randolph%2C%20Dominic%20Sessa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204.5%2F5%3C%2Fp%3E%0A
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

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EPOPC%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2022%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EAmna%20Aijaz%2C%20Haroon%20Tahir%20and%20Arafat%20Ali%20Khan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3Eart%20and%20e-commerce%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%20u%3C%2Fstrong%3Endisclosed%20amount%20raised%20through%20Waverider%20Entertainment%3C%2Fp%3E%0A
Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

COMPANY%20PROFILE
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From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

The%20Letter%20Writer
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SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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WORLD RECORD FEES FOR GOALKEEPERS

1) Kepa Arrizabalaga, Athletic Bilbao to Chelsea (£72m)

2) Alisson, Roma to Liverpool (£67m)

3) Ederson, Benfica to Manchester City (£35m)

4) Gianluigi Buffon, Parma to Juventus (£33m)

5) Angelo Peruzzi, Inter Milan to Lazio (£15.7m

COMPANY%20PROFILE
%3Cp%3ECompany%20name%3A%20Znap%3C%2Fp%3E%0A%3Cp%3EStarted%3A%202017%3C%2Fp%3E%0A%3Cp%3EFounder%3A%20Uday%20Rathod%3C%2Fp%3E%0A%3Cp%3EBased%3A%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3EIndustry%3A%20FinTech%3C%2Fp%3E%0A%3Cp%3EFunding%20size%3A%20%241m%2B%3C%2Fp%3E%0A%3Cp%3EInvestors%3A%20Family%2C%20friends%3C%2Fp%3E%0A
French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

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Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D 
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Updated: April 07, 2022, 3:03 PM