The India-Pakistan air war this month was short, sharp and utterly confusing for the millions of people in the region and around the world trying to make sense of the news.
Why did events escalate so quickly, only for them to end so abruptly? Why did both countries accept US mediation? How stable is the ceasefire? If we restrict ourselves to the limited number of verifiable facts, it becomes much easier to cut through the noise and usefully assess not only what happened, but what can be expected going forward.
The first point is that there is a long-running but intensifying covert war between India and Pakistan. The Indian Air Force strikes of May 7 – codenamed “Operation Sindoor” – were meant to be a US-style step to bring that conflict into the open by punishing militants, deterring their supporters in the Pakistan Army and reassuring the Indian public of New Delhi’s strength of purpose. However, it is also clear that the decision to refrain from targeting Pakistani military facilities in the initial strikes signalled that the Indian government strongly preferred to avoid any kind of military-to-military clash. The strikes were meant to serve as a political statement.
The mode of attack reinforced that signal. By launching long-range guided weapons from inside Indian air space, the hope was to strike while reducing the opportunity for direct confrontation between the two air forces. This was a lesson learnt from the IAF’s February 2019 retaliatory air strikes on militants in the Pakistani town of Balakot, when Indian and Pakistani jets brawled in Pakistani air space, resulting in the shooting down and capture of an Indian pilot.
But what unfolded during Operation Sindoor has serious implications for air force doctrines and procurement priorities internationally. Mainstream and social media commentators from the two countries have obsessively sparred over how many hits Pakistan scored, but exact numbers are far less important than the fact that Indian aircraft operating in Indian air space were vulnerable to Pakistani planes operating inside their own territory.
To prevent India from potentially matching this capability, Pakistan attempted to strike the Indian Air Force’s new long-range S-400 ground-based air defence system in Adampur. Although the S-400 remained functional, the system seems to have been unable to restrict PAF air operations within Pakistani air space.
This unexpected asymmetry was unacceptable to New Delhi. The objectives for India’s air force and government shifted from responding to terrorism to attempting to restore the balance of air power between the two countries. This was to be achieved by striking Pakistani radars and air bases on May 10 with drones and missiles. Pakistan’s air force responded in kind, targeting Indian air defences and air bases. That is where things stood by the time US-led diplomacy kicked in and ended the air war.
Given how quickly hostilities escalated, it is fair to ask why they ended so quickly, especially with war fever gripping the region’s media. The simple answer is that for the most part, the governments on both sides prefer to avoid all-out war because of the sheer cost and risk it presents, particularly after the nuclear dimension entered in the 1980s. Since that point, whenever skirmishes and threats of war have become serious, both countries have relied on successive US administrations – backed by the technical reach of American intelligence – to negotiate and verify de-escalation.
Despite US President Donald Trump’s willingness to unilaterally upend much of the existing world order, the peace-making role is one that he has shown intense interest in. It is fair to say that Mr Trump treats high-stakes peace-making as a critical part of his long-term legacy. Moreover, both parties in the subcontinent want to avoid all-out war, despite their mutual antagonism.
Unlike the Russia-Ukraine and Palestine-Israel conflicts, Mr Trump is willing to play a neutral role in South Asia. For one thing, there is nuclear parity, and the US President has always signalled the utmost seriousness with which he takes the risk of nuclear war. In addition, Mr Trump’s primary focus on balance-of-trade issues means that he is less inclined to pursue either India or Pakistan as strategic security partners in the way that Joe Biden, Barack Obama and George W Bush did.
Given the events of 2019 and 2025, key questions remain over what lessons the Indian and Pakistani governments are going to draw from their respective experiences, and the prospects for a broader dialogue between the two governments. This is where the covert dimension of their conflict comes into play.
Although both countries acknowledge this dimension during the separation of East Pakistan (now Bangladesh) in 1971, Indian and Pakistani intelligence agencies have denied each other’s routine accusations of secretly supporting other separatist movements and insurgencies on each other’s soil. Pakistan’s alleged assistance to violent Kashmiri separatists has been the subject of discussion and debate over the past four decades, but the nature of India’s relationship with Baloch fighters is less well known.
Historians like Avinash Paliwal have documented Indian assistance to Baloch separatist movements in the 1970s in conjunction with the Kabul government. In February 2014, India’s current national security adviser, Ajit Doval, warned in a public speech shortly before his appointment that continued Pakistani support to Kashmiri separatists would result not only in overt military retaliation, but the detachment of Balochistan. Indeed, since then the insurgency in Balochistan has grown considerably deadlier, while Indian newspapers have documented how separatist leaders from the province have received medical treatment in India.
We know from the memoirs of retired spies and politicians that a key part of India and Pakistan’s success in avoiding all-out war in the era before the “Doval Doctrine” was to talk frankly in private about the covert aspects of their struggle, and find opportunities to pull back, especially when events seemed to be spiralling out of control. Unfortunately, this kind of dialogue has almost entirely broken down in the past decade; the result has been a dangerous escalation in tensions as these movements grow more violent and internal security responses become harsher.
In March, the Baloch Liberation Army hijacked the Jaffar Express train between Peshawar and Quetta, singling out more than two dozen ethnic Punjabi passengers for execution. The attack outraged public sentiment in Pakistan and led to the Pakistani Chief of Army Staff, Gen Asim Munir, vowing retaliation against both Afghanistan and India for their alleged support for the BLA. A month later, the attack on tourists in Pahalgam in Kashmir saw a similar singling out of Hindu men for execution.
Although both governments refuse to discuss the possible connection between these events, it is difficult for outside observers to deny their eerie parallels. And instead of establishing deterrence, the feedback loop of retaliation has only amplified antagonism and violence.
Unless the two sides can find ways to manage their conflict, the urge to fight will continue to grow with every new terror attack. Governments must recognise that the risks are growing increasingly unpredictable as modern warfare continues to rapidly advance and destabilise old certainties about what war would look like, and what it would cost.
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
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
The specs
Engine: 2.0-litre turbo 4-cyl
Transmission: eight-speed auto
Power: 190bhp
Torque: 300Nm
Price: Dh169,900
On sale: now
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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England squad
Joe Root (captain), Alastair Cook, Keaton Jennings, Gary Ballance, Jonny Bairstow (wicketkeeper), Ben Stokes (vice-captain), Moeen Ali, Liam Dawson, Toby Roland-Jones, Stuart Broad, Mark Wood, James Anderson.
If you go...
Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.
Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
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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.”
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
HAJJAN
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The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
yallacompare profile
Date of launch: 2014
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)
Company%20profile
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COMPANY%20PROFILE
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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
Six pitfalls to avoid when trading company stocks
Following fashion
Investing is cyclical, buying last year's winners often means holding this year's losers.
Losing your balance
You end up with too much exposure to an individual company or sector that has taken your fancy.
Being over active
If you chop and change your portfolio too often, dealing charges will eat up your gains.
Running your losers
Investors hate admitting mistakes and hold onto bad stocks hoping they will come good.
Selling in a panic
If you sell up when the market drops, you have locked yourself out of the recovery.
Timing the market
Even the best investor in the world cannot consistently call market movements.