• 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

Israeli companies ask Netanyahu for approval to attend Abu Dhabi's Idex defence fair


John Dennehy
  • English
  • Arabic

Organisers of the Israeli pavilion at Abu Dhabi's defence fair appealed to Prime Minister Benjamin Netanyahu to allow companies to travel to the UAE in time for Sunday's event.

Nearly 50 Israeli companies were scheduled to appear at the International Defence Exhibition & Conference for the first time in its 27-year history.

But Israel closed its airspace nearly three weeks ago to slow the spread of Covid-19 and an exceptions committee denied the companies special permission to fly.

Work on the pavilion is at an advanced stage and exhibitors stand to lose a significant investment if Israeli authorities do not grant permission.

I do believe that the wheels are in motion and that, despite Covid-19 restrictions, we will attain the permission to fly and attend Idex

"We are not sure what criteria have not been meet on the part of the exhibitors, since the majority of them have already received the second vaccination and exceptions have been made to other Israeli citizens," Stacy Dotan, chief marketing officer of Avnon Group, told The National.

Israel Defence Exhibition promotes Israel's pavilion at Idex and is part of the Avnon Group.

"All the exhibitors have appealed against the decision and we believe they are exerting pressure to receive a positive answer," she said.

"The UAE and the Israeli exhibitors were very excited at the opportunity to officially visit the UAE and participate at Idex for the first time in history."

Media reports also said a delegation was due to travel to Dubai's Gulfood, which runs from Sunday to Thursday, February 21-25, but faced the same flight restrictions.

As major regional producers of food and drink, Israeli companies were keen to exhibit their produce for the first time.

Abu Dhabi Idex 2019 – in pictures

  • The Hanwa K9 Tank. Victor Besa / The National
    The Hanwa K9 Tank. Victor Besa / The National
  • Lady visitors sit inside the Ajban 440 vehicle. Victor Besa / The National
    Lady visitors sit inside the Ajban 440 vehicle. Victor Besa / The National
  • Visitors at the show look at some Caracal firearms. Victor Besa / The National
    Visitors at the show look at some Caracal firearms. Victor Besa / The National
  • Sheikh Hamed bin Zayed visits the Caracal stand with EDIC's business development director Hamd Al Ameri. Victor Besa / The National
    Sheikh Hamed bin Zayed visits the Caracal stand with EDIC's business development director Hamd Al Ameri. Victor Besa / The National
  • Sheikh Hamed bin Zayed visits Idex. Victor Besa/The National
    Sheikh Hamed bin Zayed visits Idex. Victor Besa/The National
  • UAE firepower. Victor Besa / The National
    UAE firepower. Victor Besa / The National
  • UAE firepower. Victor Besa / The National
    UAE firepower. Victor Besa / The National
  • Exhibition visitors look at some explosives. Victor Besa / The National
    Exhibition visitors look at some explosives. Victor Besa / The National
  • Visitors at the show do some selfies at the Sheiks of the UAE Photography Wall. Victor Besa / The National
    Visitors at the show do some selfies at the Sheiks of the UAE Photography Wall. Victor Besa / The National
  • A visitors at the show look at the Sultan assault rifle. Victor Besa / The National
    A visitors at the show look at the Sultan assault rifle. Victor Besa / The National
  • Visitors at the show look at some Caracal firearms. Victor Besa / The National
    Visitors at the show look at some Caracal firearms. Victor Besa / The National
  • Visitors at the show look at some Caracal firearms. Victor Besa / The National
    Visitors at the show look at some Caracal firearms. Victor Besa / The National
  • Visitors check out some drones at the show. Victor Besa / The National
    Visitors check out some drones at the show. Victor Besa / The National
  • Servicemen visit the show. Victor Besa / The National
    Servicemen visit the show. Victor Besa / The National
  • The Ajban 440, a protected vehicle, and EDIC representatives at the show. (Left to right) Yaser Ahmed Al Hammadi and Mai Al Shebli. Victor Besa / The National
    The Ajban 440, a protected vehicle, and EDIC representatives at the show. (Left to right) Yaser Ahmed Al Hammadi and Mai Al Shebli. Victor Besa / The National
  • Chairman of Al Habtoor Group, Khalaf Al Habtoor (third right) visits Idex on the fourth day of the exhibition as seen here checking out the M300 High Speed Patrol & Strike USV. Victor Besa / The National
    Chairman of Al Habtoor Group, Khalaf Al Habtoor (third right) visits Idex on the fourth day of the exhibition as seen here checking out the M300 High Speed Patrol & Strike USV. Victor Besa / The National
  • Visitors at the atrium show area. Victor Besa / The National
    Visitors at the atrium show area. Victor Besa / The National
  • Visitors look at the military vehicles at the Saudi Arabia area stands.. Victor Besa / The National
    Visitors look at the military vehicles at the Saudi Arabia area stands.. Victor Besa / The National
  • Visitors look at the military hardware at the YUGOIMPORT stands. Victor Besa / The National
    Visitors look at the military hardware at the YUGOIMPORT stands. Victor Besa / The National
  • Visitors look at the military hardware at the YUGOIMPORT stands. Victor Besa / The National
    Visitors look at the military hardware at the YUGOIMPORT stands. Victor Besa / The National

"We all stand to lose a lot of money that has been invested in exhibition space, stand design and all the other related costs," Ms Dotan said.

"So we sincerely hope that the decision will be reversed.”

Ms Dotan said her group had submitted a letter to Mr Netanyahu and was in contact with Israeli government officials to seek approval to fly.

"I do believe the wheels are in motion and that, despite Covid-19 restrictions, we will attain the permission to fly and attend Idex."

Idex is a biennial display of the most advanced military hardware, where deals worth billions of dirhams are usually sealed.

The February 21 to 25 edition will feature more than 1,000 defence companies over 35,000 square metres of exhibition space running through the 12 exhibition halls.

Idex is the Middle East's largest defence fair and Israel was to be among five new countries participating this year.

It will also be the first major in-person exhibition held in Abu Dhabi since the Covid-19 pandemic broke out.

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 series of regular PCR tests.

Ms Dotan said people must arrive by Thursday if the pavilion was to be completed on time.

“If there are no exhibitors, there is no pavilion,” she said.

“We will be very disappointed to miss Idex and conduct important meetings that have been scheduled, but if it doesn’t happen we will continue to build our relationships in the Emirates and travel at the first opportunity.”

UAE currency: the story behind the money in your pockets

 


 

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

Scoreline

Man Utd 2 Pogba 27', Martial 49'

Everton 1 Sigurdsson 77'

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.”

How it works

A $10 hand-powered LED light and battery bank

Device is operated by hand cranking it at any time during the day or night 

The charge is stored inside a battery

The ratio is that for every minute you crank, it provides 10 minutes light on the brightest mode

A full hand wound charge is of 16.5minutes 

This gives 1.1 hours of light on high mode or 2.5 hours of light on low mode

When more light is needed, it can be recharged by winding again

The larger version costs between $18-20 and generates more than 15 hours of light with a 45-minute charge

No limit on how many times you can charge

 

Know your Camel lingo

The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home

Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless

Asayel camels - sleek, short-haired hound-like racers

Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s

Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival

INFO

Everton 0

Arsenal 0

Man of the Match: Djibril Sidibe (Everton)

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

Juliet, Naked
Dir: Jesse Peretz
Starring: Chris O'Dowd, Rose Byrne, Ethan Hawke​​​​​​​
​​​​​​​Two stars

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5