An Orthodox church in the Donetsk region destroyed in a Russian attack on Ukraine. Reuters
An Orthodox church in the Donetsk region destroyed in a Russian attack on Ukraine. Reuters
An Orthodox church in the Donetsk region destroyed in a Russian attack on Ukraine. Reuters
An Orthodox church in the Donetsk region destroyed in a Russian attack on Ukraine. Reuters

Russia restocks supply of Iranian kamikaze drones to strike Ukraine


Paul Carey
  • English
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British defence experts believe Russia is using a new supply of Iranian kamikaze drones after exhausting its stocks last month.

For the first time in three weeks, Ukraine has reported attacks by Iran-sourced one-way unmanned aerial vehicles (UAVs), according to an intelligence update from the UK’s Ministry of Defence (MoD).

It is understood that Russia had run through its Shahed 136 unmanned aerial vehicles more than two weeks ago after launching an estimated 400 drones.

The kamikaze aircraft led to a new bombing campaign on Kyiv and other Ukrainian cities when the Tehran-supplied UAVs were unleashed in October, flying over urban areas before nosediving and detonating their 40kg warheads.

Ukrainian general staff reported shooting down 17 UAVs on December 6, and officials said drones were used the following day to target the regions of Zaporizhzhia and Dnipro.

The MoD emphasised that the events have yet to be verified, but it is likely that Russia had exhausted its previous stocks and has now received a new supply.

The UK has pledged a £50 million ($61 million) package of defence aid comprising 125 anti-aircraft guns and technology to help Ukraine counter Iran-supplied drones, including radar and anti-drone equipment.

Britain has also sanctioned Iranian individuals and companies linked to the supply of the UAVs.

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Russian forces, meanwhile, shelled the entire front line in the Donetsk region in eastern Ukraine, Ukrainian officials said, part of what appears to be the Kremlin's scaled-back ambition to secure only the bulk of territory it has claimed.

The fiercest fighting was near the towns of Bakhmut and Avdiivka, according to the region's governor, Pavlo Kyrylenko. Five civilians were killed and two wounded in Ukrainian-controlled parts of Donetsk over the previous day, he said on Friday.

"The entire front line is being shelled," he said, adding that Russian troops were also trying to advance near Lyman, which was recaptured by Ukrainian forces in November, one of numerous battlefield setbacks suffered by Russia in the past few months.

The comments came as American basketball star Brittney Griner landed in the US after being freed from Russia in a prisoner exchange.

She was arrested in Russia in February on drug charges and was freed in exchange for Russian citizen Viktor Bout, a convicted arms dealer jailed in the US.

The UAE and Saudi Arabia played a central role in her release and were thanked by US President Joe Biden and Secretary of State Antony Blinken.

It is a reminder that Moscow maintains lines of communication with the West despite the war, although the Kremlin said on Friday that the prisoner swap should not be seen as a step towards improving ties between Moscow and Washington, saying they were "in a sorry state".

War aims changed?

President Vladimir Putin has given conflicting statements on the goals of the war but is now clear the aims include some expansion of Russia's borders. This contrasts with comments at the start of Russia's "special military operation" in February, when he said his plans did not include occupying Ukrainian land.

Mr Putin on Friday repeated his accusation that the West was exploiting Ukraine and using its people as "cannon fodder" in a conflict with Russia, and said the West's desire to maintain its global dominance was increasing the risks of conflict.

"They deliberately multiply chaos and aggravate the international situation," Mr Putin said in a video message to a summit of defence ministers from the Shanghai Co-operation Organisation and a group of former Soviet states.

The Kremlin said on Thursday it was set on securing at least the bulk of the territories in east and south Ukraine, but appeared to give up on seizing other land in the west and north-east that Ukraine has recaptured.

Russia announced in October that it had annexed four provinces shortly after holding so-called referendums that were rejected as bogus and illegal by Ukraine, the West and most countries at the United Nations.

While Russia made clear it wanted to take full control of Donetsk and Luhansk ― two largely Russian-speaking regions collectively known as the Donbas ― it left unclear how much of the regions of Zaporizhzhia and Kherson it was annexing.

Ukrainian President Volodymyr Zelenskyy says his troops will eventually drive Russia from all captured territory, including the Crimea Peninsula annexed by Russia in 2014.

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Based: Beirut and Dubai
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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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Pools

A – Dubai College, Deira International School, Al Ain Amblers, Warriors
B – Dubai English Speaking College, Repton Royals, Jumeirah College, Gems World Academy
C – British School Al Khubairat, Abu Dhabi Harlequins, Dubai Hurricanes, Al Yasmina Academy
D – Dubai Exiles, Jumeirah English Speaking School, English College, Bahrain Colts

Recent winners

2018 – Dubai College
2017 – British School Al Khubairat
2016 – Dubai English Speaking School
2015 – Al Ain Amblers
2014 – Dubai College

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Transmission: 7-speed auto

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'I Want You Back'

Director:Jason Orley

Stars:Jenny Slate, Charlie Day

Rating:4/5

Why does a queen bee feast only on royal jelly?

Some facts about bees:

The queen bee eats only royal jelly, an extraordinary food created by worker bees so she lives much longer

The life cycle of a worker bee is from 40-60 days

A queen bee lives for 3-5 years

This allows her to lay millions of eggs and allows the continuity of the bee colony

About 20,000 honey bees and one queen populate each hive

Honey is packed with vital vitamins, minerals, enzymes, water and anti-oxidants.

Apart from honey, five other products are royal jelly, the special food bees feed their queen 

Pollen is their protein source, a super food that is nutritious, rich in amino acids

Beewax is used to construct the combs. Due to its anti-fungal, anti-bacterial elements, it is used in skin treatments

Propolis, a resin-like material produced by bees is used to make hives. It has natural antibiotic qualities so works to sterilize hive,  protects from disease, keeps their home free from germs. Also used to treat sores, infection, warts

Bee venom is used by bees to protect themselves. Has anti-inflammatory properties, sometimes used to relieve conditions such as rheumatoid arthritis, nerve and muscle pain

Honey, royal jelly, pollen have health enhancing qualities

The other three products are used for therapeutic purposes

Is beekeeping dangerous?

As long as you deal with bees gently, you will be safe, says Mohammed Al Najeh, who has worked with bees since he was a boy.

“The biggest mistake people make is they panic when they see a bee. They are small but smart creatures. If you move your hand quickly to hit the bees, this is an aggressive action and bees will defend themselves. They can sense the adrenalin in our body. But if we are calm, they are move away.”

 

 

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Honeymoonish
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Updated: December 09, 2022, 12:26 PM