ABU DHABI // Emirati and American generals identified the spread of ballistic missiles as a critical threat to national security, with some advocating a Gulf-wide missile defence shield yesterday.
Military officials say a missile defence system in the Gulf would counter the spread of ballistic missiles among regimes in the Middle East and Asia and the possible acquisition of missile technology by extremist groups.
The calls came at a major defence conference in the capital - the second Middle East Missile and Air Defence Symposium, organised by the Institute for Near East and Gulf Military Analysis (Inegma).
The US has already installed a number of Patriot missile defence systems throughout the Gulf, though the countries in which the system has been deployed have not been officially disclosed.
UAE generals used strong words to describe the threat posed by ballistic missiles.
"The threat of attack by long- range ballistic missiles remains clear," said Major Gen Ali al Ka'abi, the deputy chief of staff of the UAE Armed Forces.
"Theatre ballistic missile capability gives a hostile nation the potential to extend its reach not just over land but over water.
"Many countries have ballistic missiles, some of which are working on weapons of mass destruction like nuclear, chemical or biological. If any of these weapons were launched, thousands, or even millions, of lives could be lost.
"We must be prepared to defend our people, our nation and our region against any emerging threat."
The UAE is ahead of its Gulf neighbours in buying systems that shoot down missiles. A deal on purchasing the Terminal High Altitude Air Defence system worth almost US$7 billion (Dh25.7bn) is expected to be finalised early next year. And the first unit of a Patriot missile defence system is expected to be deployed by 2012.
The UAE and the US have established a missile defence training centre at Al Bateen Air Base.
Military officials are billing the base as a training centre similar in quality to the Air Warfare Centre in Al Dhafra Air Base, which has emerged as a premier training facility for fighter pilots in the region.
The idea is for countries in the region to build up national missile defences and make them compatible, allowing them to share data on possible threats and, in the event of an attack, missile trajectory.
Iran has developed its missile capabilities in recent years, expanding its inventory, and Israel has missile technology while Hizbollah used missiles in its war with Israel in 2006.
The region experienced the threat of ballistic missiles first hand during the Iraq-Iran war when Iraq launched Scud missiles against Iranian civilian targets, and in the first Gulf War, when Iraq fired ballistic missiles towards Saudi Arabia and Israel in the aftermath of Saddam Hussein's invasion of Kuwait.
But missile defence needs a high level of co-operation, said Gen James Mattis, the commander of US Central Command in the region.
He gave a dramatic example of why co-operation was needed."If a missile is launched, it may fly over the airspace of two countries in the region before it gets to a third country," he said. "If there was ever a reason for collaboration among states, this is it."
Missile defence can act as a deterrent against those who would attack the region. "If the nation knows if it launches a missile it will not get through, then the reason for launching that missile is reduced," Gen Mattis said.
Ballistic missiles are changing the security landscape in the region, said Major Gen Ibrahim al Alawi, the deputy commander of UAE Air Force and Air Defence. "Ballistic and cruise missiles are no longer the preserve of sophisticated military powers," he said. States who possess it can use it for "political leverage on neighbours without the capability to defend themselves".
"In short, ballistic missiles represent a significant threat to the UAE and its allied forces in the region," he said. "It remains critical that we protect our homeland's critical assets.
"Missile defence is a must for our national defence as well as for the Arabian Gulf region's security and stability," he said, adding that data exchange was necessary as well.
Experts argue the risk of extremist groups acquiring advanced missiles make co-operation necessary.
"Huge efforts have been done to improve the interoperability between the GCC," said Khalid al Bu-Ainnain, the former commander of the UAE Air Force and President of Inegma, including an integrated air defence system since 2003.
"Threats come from east and west," said Riad Kahwaji, the chief executive of Inegma, identifying Israel and Iran as nations that operate ballistic missiles.
The technology and know-how has also spread, and cruise missiles come in various sizes that can make it easier for extremists to use them. "Terrorist groups could get a hold of one or two and be able to launch them from small boats," he said. "That possibility is there."
Al Bateen centre billed as top training facility
A new missile defence training centre in the capital is being billed as a top facility to train military leaders and soldiers in missile attack scenarios, officials say.
In March, the UAE agreed to host the International Air and Missile Defence Centre at Al Bateen Air Base in Abu Dhabi.
The centre will offer training in missile defence systems, battle scenarios and complex exercises including attack operations and defence against missile attacks.
It will allow the UAE to build partnerships with regional allies, like GCC countries, and the US through opening up the centre to take in trainees from other countries in the region.
It will also plan academic seminars and training exercises against aircraft and cruise and ballistic missiles, and carry out reviews of combat strategies after the training is complete, said Brig Gen David Mann, the commander of the 32nd Army Air and Missile Defence Command of the US Army.
The equipment needed for the centre's "Battle Labs", the nerve centre for simulated training scenarios, has already been purchased.
The centre's facilities are expected to be ready by February and Falcon Shield, the first available training regimen, will begin training personnel in March.
Twenty personnel from the UAE and US will staff the centre in the next 90 days.
kshaheen@thenational.ae
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.”
DEADPOOL & WOLVERINE
Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin
Director: Shawn Levy
Rating: 3/5
What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
What it means to be a conservationist
Who is Enric Sala?
Enric Sala is an expert on marine conservation and is currently the National Geographic Society's Explorer-in-Residence. His love of the sea started with his childhood in Spain, inspired by the example of the legendary diver Jacques Cousteau. He has been a university professor of Oceanography in the US, as well as working at the Spanish National Council for Scientific Research and is a member of the World Economic Forum’s Global Future Council on Biodiversity and the Bio-Economy. He has dedicated his life to protecting life in the oceans. Enric describes himself as a flexitarian who only eats meat occasionally.
What is biodiversity?
According to the United Nations Environment Programme, all life on earth – including in its forests and oceans – forms a “rich tapestry of interconnecting and interdependent forces”. Biodiversity on earth today is the product of four billion years of evolution and consists of many millions of distinct biological species. The term ‘biodiversity’ is relatively new, popularised since the 1980s and coinciding with an understanding of the growing threats to the natural world including habitat loss, pollution and climate change. The loss of biodiversity itself is dangerous because it contributes to clean, consistent water flows, food security, protection from floods and storms and a stable climate. The natural world can be an ally in combating global climate change but to do so it must be protected. Nations are working to achieve this, including setting targets to be reached by 2020 for the protection of the natural state of 17 per cent of the land and 10 per cent of the oceans. However, these are well short of what is needed, according to experts, with half the land needed to be in a natural state to help avert disaster.
Retail gloom
Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.
It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.
The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
Essentials
The flights
Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours.
The package
Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.
Zidane's managerial achievements
La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017
In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.