A gathering of warships from China, Russia and Iran to carry out naval drills in the Gulf of Oman and Arabian Sea is “power projection in action”, military experts said.
The announcement of a major exercise involving 20 vessels from the three navies was made by state media on Tuesday and comes after American and British forces conducted further air strikes on the Houthi rebels in Yemen.
The exercise, called Maritime Security Belt 2024, will involve live firing at surface and aerial targets, potentially raising the risk of miscalculation or accident.
Dr Neil Melvin, director of international security studies at the Rusi think tank in London, said the exercise was part of a “long-term pattern where these three countries have been working much more closely together”.
“It’s not an alliance exactly but there is there is an increasing level of coordination that we see,” he told The National. “It’s also a signal to the West that they are not the only powers in town in an area which is strategically significant.”
The drills, the second held between the three countries in two years, would “consolidate security and its foundations in the region and expand multilateral co-operation among the participating countries”, Iranian state media reported.
Military analyst Tim Ripley argued that it demonstrated the navies had reach as “to get so many ships so far from their home ports is power projection in action”.
“This demonstrates that the British and Americans are clearly not the only game in town in the Red Sea region,” he added. “Others have interests and they have a duty to take notice.”
China will be sending the “guided missile destroyer Urumqi, guided missile frigate Linyi and comprehensive supply ship Dongpinghu”.
The Urumqi was previously sent to the region in 2021 in the Gulf of Aden, alongside the guided missile frigate Yantai. Launched in 2015, the vessel is one of China’s Type 052D missile destroyers, capable of carrying a variety of missiles in 64 launching cells, including anti-aircraft and anti-ship missiles.
For the exercise’s live ammunition aspect, it is highly like that the fleet will declare a “temporary firing zone” in international waters warning shipping to keep away.
However, Mr Ripley warned that if this involved anti-ship or surface-to-air missiles the “template gets bigger and more dangerous”, particularly for accidents or miscalculation.
Russia’s Defence Ministry said the “practical part of the exercise will take place in the waters of the Gulf of Oman in the Arabian Sea”, without specifying other locations.
The Russian component of the exercise came from its Pacific Fleet, led by the Varyag cruiser, docking in Chah Bahar in Iran earlier this week before the exercise began.
Last year, the three countries held a similar drill in the area, called Security Bond 2023.
There is also a suggestion that the exercise might have a secondary role in protecting the apparent Iranian spy ship the Behshad, that has allegedly been gathering information on vessels transiting the waterway to pass on to the Houthis.
The Behshad, which looks like a normal bulk carrier, has been in the Gulf of Aden since January conducting a meandering course close to the Bab Al Mandeb entrance to the Red Sea.
When it was in port for a while in February there was a noticeable drop in the Iran-backed Houthi shipping attacks.
“If this ship isn’t providing the Houthi regime with intelligence on vessel movements, then just what is she doing?” a naval source said.
Another defence source said: “There has been some loose talk about taking out Iranian ships helping the Houthis, so this exercise might also be sending a ‘hands off the Behshad message’.”
Growing naval might
China has the largest navy in the world, if measured in the number of surface ships, growing rapidly towards 400 ships by 2025, according to US estimates, although the US navy is twice the size in terms of tonnage of ships at sea.
Russia is a close second with about 360 ships, although its numbers are fluctuating as Moscow rushes to build replacements for, or repair about 25 ships lost or damaged in the Black Sea in the Ukraine war.
Iran is a relative newcomer to naval power projection, having traditionally built a large fleet of hundreds of missile attack boats intended to “swarm” and overwhelm enemy ships in the waters around the Arabian Sea.
But in recent years it has been able to send naval expeditions much further afield, sending the Sahand warship intelligence-gathering vessel Makran to Venezuela in 2021.
Earlier this month, China also sent vessels from the 46th fleet of the Chinese People's Liberation Army Navy in the Red Sea, but the ships have not been directly involved in shooting down Houthi drones and missiles. Analysts say the Chinese vessels have escorted some Chinese commercial ships through the Red Sea.
Missile interceptions have been undertaken by two coalitions, the US and UK-led Operation Prosperity Guardian, which includes Bahrain, Canada and Australia, and the EU-led Operation Aspides, which includes vessels from Germany, France, Italy and Belgium.
Unlike the US-UK led mission, Aspides has not directly attacked Houthi missile positions.
India has also sent vessels to the crisis zone, rescuing sailors after their vessels were struck by drones and missiles.
Europe wide
Some of French groups are threatening Friday to continue their journey to Brussels, the capital of Belgium and the European Union, and to meet up with drivers from other countries on Monday.
Belgian authorities joined French police in banning the threatened blockade. A similar lorry cavalcade was planned for Friday in Vienna but cancelled after authorities prohibited it.
UAE currency: the story behind the money in your pockets
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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The five pillars of Islam
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
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The Sky Is Pink
Director: Shonali Bose
Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf
Three stars
UAE currency: the story behind the money in your pockets
Honeymoonish
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Killing of Qassem Suleimani
World Cup warm up matches
May 24 Pakistan v Afghanistan, Bristol; Sri Lanka v South Africa, Cardiff
May 25 England v Australia, Southampton; India v New Zealand, The Oval
May 26 South Africa v West Indies, Bristol; Pakistan v Bangladesh, Cardiff
May 27 Australia v Sri Lanka, Southampton; England v Afghanistan, The Oval
May 28 West Indies v New Zealand, Bristol; Bangladesh v India, Cardiff
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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.”
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1,000 tonnes of waste collected daily:
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- 150 tonnes to landfill
- 50 tonnes sold as scrap metal
800 tonnes of RDF replaces 500 tonnes of coal
Two conveyor lines treat more than 350,000 tonnes of waste per year
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Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
The biog
Name: Abeer Al Shahi
Emirate: Sharjah – Khor Fakkan
Education: Master’s degree in special education, preparing for a PhD in philosophy.
Favourite activities: Bungee jumping
Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.
Married Malala
Malala Yousafzai is enjoying married life, her father said.
The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.
Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.
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'How To Build A Boat'
Jonathan Gornall, Simon & Schuster
Racecard
6.35pm: The Madjani Stakes – Group 2 (PA) Dh97,500 (Dirt) 1,900m
7.10pm: Evidenza – Handicap (TB) Dh87,500 (D) 1,200m
7.45pm: The Longines Conquest – Maiden (TB) Dh82,500 (D) 2,000m
8.20: The Longines Elegant – Conditions (TB) Dh82,500 (D)
8.35pm: The Dubai Creek Mile – Listed (TB) Dh132,500 (D) 1,600m
9.30pm: Mirdif Stakes – Conditions (TB) Dh120,000 (D) 1,400m
10.05pm: The Longines Record – Handicap (TB) Dh87,500 (D) 1,900m