• Workers set up in preparation for Navdex and Idex at Abu Dhabi National Exhibition centre Marina. Khushnum Bhandari for The National
    Workers set up in preparation for Navdex and Idex at Abu Dhabi National Exhibition centre Marina. Khushnum Bhandari for The National
  • Halls are prepared to display advanced military hardware from companies from around the world. Khushnum Bhandari for The National
    Halls are prepared to display advanced military hardware from companies from around the world. Khushnum Bhandari for The National
  • Construction under way at Adnec in preparation for Idex and Navdex this month. Khushnum Bhandari for The National
    Construction under way at Adnec in preparation for Idex and Navdex this month. Khushnum Bhandari for The National
  • Saeed Al Mansoori, executive director of Capital Events gives a media tour of Idex and Navdex at Adnec. Khushnum Bhandari for The National
    Saeed Al Mansoori, executive director of Capital Events gives a media tour of Idex and Navdex at Adnec. Khushnum Bhandari for The National
  • Workers set up in preparation for Navdex and Idex at Abu Dhabi National Exhibition centre Marina. Khushnum Bhandari for The National
    Workers set up in preparation for Navdex and Idex at Abu Dhabi National Exhibition centre Marina. Khushnum Bhandari for The National
  • Preparations are under way at Adnec ahead of Idex and Navdex. Khushnum Bhandari for The National
    Preparations are under way at Adnec ahead of Idex and Navdex. Khushnum Bhandari for The National
  • Workers set up in preparation for Navdex and Idex at Abu Dhabi National Exhibition centre Marina. Khushnum Bhandari for The National
    Workers set up in preparation for Navdex and Idex at Abu Dhabi National Exhibition centre Marina. Khushnum Bhandari for The National

Idex 2021: Abu Dhabi gears up for a very different defence show


John Dennehy
  • English
  • Arabic

Tanks practise manoeuvres on concrete aprons, military vehicles are covered in tarpaulin and jets scream overhead.

Abu Dhabi is preparing for a very different defence fair this year that promises to be no less striking.

The National joined a tour of Abu Dhabi National Exhibition Centre – where Idex and Navdex is being held – to see preparations enter the home straight before the fair opens on February 21.

People can expect to see a magnificent show. Although there is Covid, we will make it very successful

The five-day event is a display of the most advanced military hardware on the planet where billions of dirhams of deals are usually sealed. The event will feature more than 1,000 defence companies across 35,000 square metres of exhibition space running through the 12 exhibition halls. Idex is the Middle East's largest defence fair and Israel will be among five new countries participating this year. It will also feature live military drills and aerial displays from Al Fursan, the UAE's aerobatics team.

"The high participation levels at Idex ... demonstrates the leading position which these exhibitions have reached in their 27th year," said Humaid Al Dhaheri, managing director of Adnec. "It further indicates the wider international interest in these vital events, and how the UAE's defence sector has reached an advanced global stage."

  • Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed talks to exhibitors. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed talks to exhibitors. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed talks to exhibitors. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed talks to exhibitors. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed visits the Arab Organisation for Industrialisation stand. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed visits the Arab Organisation for Industrialisation stand. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed visits the Hellenic Defence Systems stand. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed visits the Hellenic Defence Systems stand. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed talks to exhibitors. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed talks to exhibitors. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed examines the hardware on show. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed examines the hardware on show. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
  • Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed visits the Earth stand. Ryan Carter for the Ministry of Presidential Affairs

It will be the first major in-person exhibition held in Abu Dhabi since the Covid-19 pandemic broke out. Teams at the sprawling complex are working 24 hours a day, seven days a week to make sure the event is a success.

“The build-up is going smoothly and it will be held in a very safe way,” said Saeed Al Mansoori, director of Idex. “We have inspectors on the ground and they are monitoring it, we have floor managers and we have the government entities who are coming to inspect everything."

Strict measures are in place to protect public health. International attendees do not have to follow the mandatory 10-day quarantine in place in Abu Dhabi but all those coming from abroad are required to do a PCR test on arrival and another on the sixth day and 12th day. All arrivals must quarantine at their accommodation until the first test result comes back negative.

At the event, masks are mandatory, social distancing strictly enforced, and the exhibition halls will be sanitised daily. Thermal scanners will be placed at all entrances, while isolation rooms are provided should anyone require treatment.

"We are doing everything per the rules and regulations. We do not anticipate any delay in the work. We are monitoring on a day-by-day basis," Mr Al Mansoori said.

Saudi Arabia has a prominent pavilion this year, covering 3,000 sq m, while the Emirati pavilion will feature the Edge Group, among others. Edge is one of the biggest defence groups in the Middle East encompassing at least 25 companies making everything from bullets to armoured personnel carriers.

Asked if the job of staging Idex in the era of Covid-19 was difficult, Mr Al Mansoori said organisers always learnt something during challenging times.

“This is not something new,” he said. “We are used to that. People can expect to see a magnificent show. Although there is Covid, we will make it very successful."

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.

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3ESplintr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMay%202019%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohammad%20AlMheiri%20and%20Badr%20AlBadr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20and%20Riyadh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Epayments%20%2F%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESize%3A%20%3C%2Fstrong%3E10%20employees%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%20seven-figure%20sum%20%2F%20pre-seed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStage%3A%20%3C%2Fstrong%3Eseed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3Eangel%20investors%3C%2Fp%3E%0A
Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

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.”

Start times

5.55am: Wheelchair Marathon Elites

6am: Marathon Elites

7am: Marathon Masses

9am: 10Km Road Race

11am: 4Km Fun Run

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

THE SPECS

      

 

Engine: 1.5-litre

 

Transmission: 6-speed automatic

 

Power: 110 horsepower 

 

Torque: 147Nm 

 

Price: From Dh59,700 

 

On sale: now  

 
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Saturday's schedule at the Abu Dhabi Grand Prix

GP3 race, 12:30pm

Formula 1 final practice, 2pm

Formula 1 qualifying, 5pm

Formula 2 race, 6:40pm

Performance: Sam Smith

TYPES%20OF%20ONLINE%20GIG%20WORK
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Your Guide to the Home
  • Level 1 has a valet service if you choose not to park in the basement level. This level houses all the kitchenware, including covetable brand French Bull, along with a wide array of outdoor furnishings, lamps and lighting solutions, textiles like curtains, towels, cushions and bedding, and plenty of other home accessories.
  • Level 2 features curated inspiration zones and solutions for bedrooms, living rooms and dining spaces. This is also where you’d go to customise your sofas and beds, and pick and choose from more than a dozen mattress options.
  • Level 3 features The Home’s “man cave” set-up and a display of industrial and rustic furnishings. This level also has a mother’s room, a play area for children with staff to watch over the kids, furniture for nurseries and children’s rooms, and the store’s design studio.
     
Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.