A billboard in Tehran bearing pictures of Iran's President Masoud Pezeshkian (2-L), armed forces chief of staff Major General Mohammad Bagheri (L) US President Joe Biden (2-R) and Israeli Prime Minister Benjamin Netanyahu (R), on October 27. AFP
A billboard in Tehran bearing pictures of Iran's President Masoud Pezeshkian (2-L), armed forces chief of staff Major General Mohammad Bagheri (L) US President Joe Biden (2-R) and Israeli Prime Minister Benjamin Netanyahu (R), on October 27. AFP
A billboard in Tehran bearing pictures of Iran's President Masoud Pezeshkian (2-L), armed forces chief of staff Major General Mohammad Bagheri (L) US President Joe Biden (2-R) and Israeli Prime Minist
Ibrahim Al-Marashi is an associate professor of Middle East history at California State University, and a visiting lecturer at the University of San Diego
November 05, 2024
In April and October of this year, both Iran and Israel exchanged direct fire with each other – the first two Middle Eastern states to engage in direct conflict in the 21st century. Iran fired ballistic missiles towards Israel in both months, and Israel, on both occasions retaliated with long distance air strikes.
After the Iranian missile strike towards Israel on October 1, policymakers and media analysts assessed it was a “failure” based on the lack of damage inflicted upon its targets, such as the Tel Aviv headquarters of Mossad, Israel's foreign intelligence agency, or Nevatim air base, housing US-made F-35 aircraft, despite satellite imagery showing that some of the missiles did make it through.
Then, on October 26, Israel struck Iran with aircraft that launched missiles as they flew over Iraqi territory, not even entering Iranian airspace itself. While the question of how much damage was inflicted was debated for days, such analysis misses one of the points of such attacks.
A soldier inspects remains of an Iranian missile, on October 2 in Arad, Israel. Getty Images
It was media theorist Marshall McLuhan who is remembered by his oft-quoted phrase, “The Medium is the Message”. The missiles launched on October 1 and October 26 carried warheads, but they were also carrying political messages, delivering differing content to domestic audiences and international adversaries on the eve of the US elections.
If America has the ability to urge Israel to exercise any restraint, it could have done it sooner
These attacks were calibrated and choreographed to communicate strength to both these audiences, and that is far more important than their military value. The media impact of each was significant. That also helps explain why Iran chose not to retaliate further even with the death of two of its soldiers.
For example, the news of Iran’s missile launch on October 1 was communicated by all sorts of media, but the TV will be able to generate more emotions for the viewer. The images and sounds of what appeared to be clashing comets in the night sky generated a sense of sublime awe and fear that newspaper or radio could not. The message of the medium is that fear can be easily communicated to mass audiences in the TV age. Mr McLuhan was not alive to see how an Instagram story can do the same.
An Israeli audience for example might feel exhilarated by the air defence systems intercepting some of the missiles, yet at the same time realise that their ontological security, their sense of daily security, has been undermined that day and possibly in the future.
In contrast, the Iranian attack was followed up by a Hezbollah drone and missile strike on October 13 against the Israeli Golani brigade 40 miles south of the Lebanese border, killing four Israeli soldiers. The footage of the Hezbollah attack was starker, showing blood-strewn halls of where the soldiers were eating before the attacks. Such footage gave Hezbollah a victory more than a radio or newspaper report.
On the other hand, Iran sent a message to the US on the eve of the elections that despite the sanctions introduced under the administration of former president Donald Trump, Iran can still develop the technology to fire a long-distance missile, whether into outer space or over a region to reach Israel.
If Mr Trump is re-elected, he will be met with the following welcome message from Tehran: “If the sanctions you introduced were meant to curtail ballistic missile activities, they are not working. Iran’s economy might suffer, but not its scientific and military progress.”
If his opponent, Vice President Kamala Harris, were to be re-elected, the message is more “You better revive the Iran deal President Joe Biden failed to negotiate if you want to stabilise the regional architecture of the Middle East”.
If the missile is the message in Iran, the latest string of attacks sends a message to Israel that “Our ability to violate your sovereignty is improving.”
In reverse, Israel can send the same message to Iran: “Our ability to violate your sovereignty is improving,” – even possibly using AI to disrupt the Islamic Republic’s anti-aircraft systems, including the advanced Russian S-300 anti-aircraft missiles.
Israel was able to tell Iran that it could strike from Iraqi airspace with long distance, ballistic missiles fired from planes to attack the very facilities that produced the missiles that attacked it in early October.
Meanwhile, the Biden administration has been sending its own message to Israel, which is likely to have played a role in restraining the Israeli government with respect to Iran. That message was very simple: “Do not strike Iran’s nuclear facilities, escalating a war on the eve of an election.”
The tragedy, however, is that if America indeed has the ability to urge Israel to exercise any restraint, it could have done it sooner, and with even greater effect in other areas of the current conflict. The real message to Israel is: “We’ll restrain you with your attacks in Iran, but let you lash out against Lebanon and Palestinians without limitations.”
How America chooses to use its leverage may give us good insight, then, on what stakes in the Middle East the Biden administration – and perhaps the Democratic Party – considers truly important in this election.
Avoiding an all-out war between Israel and Iran is clearly a bigger electoral issue than the tragedy of what is happening to Palestinians and Lebanese. As a result, the message sent to everyone in the Middle East is that the American elections are not only about the future of the US, but your region as well.
Date started: January 2017 Founder: Khaled Zaatarah Based: Dubai and Los Angeles Sector: Technology Size: 21 employees Funding: $7 million Investors: Shorooq Partners, KBW Ventures, Vision Ventures, Hala Ventures, 500Startups, Plug and Play, Magnus Olsson, Samih Toukan, Jonathan Labin
Family reunited
Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.
She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.
She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.
The couple were married in August 2009 in Winchester and their daughter was born in June 2014.
1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants
1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed
1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.
1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex
2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea
2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd
2014 Ruwais 261-outlet shopping mall opens
2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies
2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export
2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.
2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery
2018 NMC Healthcare selected to manage operations of Ruwais Hospital
2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13
Source: The National
The biog
Hobbies: Writing and running
Favourite sport: beach volleyball
Favourite holiday destinations: Turkey and Puerto Rico
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.”
Graphene is a single layer of carbon atoms arranged like honeycomb.
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.
At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.
It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.
But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties.