Britain is due to unveil a top-down shake-up of its international security strategy on Tuesday, but one thing is already clear: the decisions will mean a much smaller, perhaps weakened Army.
Dragging the Army into a new strategic reality removes the uncertainty that has crept in after the long slog of wars in Iraq and Afghanistan.
Trails of the Integrated Review suggest reducing the number of Army servicemen and servicewomen by 15 per cent to 70,000, and a bet that the wars of the future are not going to be personnel-intensive.
It might indeed be a visionary move, with a greater reliance on machines doing the jobs of people.
“The idea is to modernise the Army into an ultra-modern force with drones, long-range rocket artillery and cyberattacks,” said military expert Prof Michael Clarke.
“It's a neat trick if you can do it but it'll take them a decade to re-organise.”
Retired Brig Ben Barry feels it could be a risk too far.
"It's potentially overambitious and could leave the Army thinly stretched. Unless there is a significant investment in modernising the Army's capability, this will decline by about 50 per cent over five years."
The other two services, the Royal Navy and Royal Air Force, look set to continue receiving modern warships and advanced jets, with the air force tilting towards unmanned fighter aircraft.
Meanwhile, Prime Minister Boris Johnson will oversee military operations and terrorism emergencies from the new £9 million Situation Centre – or SitCen – command bunker in the Cabinet Office, just a short walk from Downing Street in London.
The prime minister and important Cabinet members will sit alongside military and intelligence chiefs to watch drone strikes and military operations on wall-to-wall flat screens.
Mr Johnson will make a statement in the House of Commons legislature outlining the review's conclusions on Tuesday.
Ahead of the statement, he said: “The foundation of our foreign policy is who we are as a country: our values, our strengths and – most importantly – our people.
“So I am determined to ensure we have a foreign policy that delivers for those people.
“Our international ambitions must start at home, and through the Integrated Review we will drive investment back into our communities, ensuring the UK is on the cutting edge of innovation and creating an entire country that is match-fit for a more competitive world,” Mr Johnson said.
Integrated Review: What will happen to British Army?
The personnel reduction is almost inevitable, as the service sheds people in preference to machines.
There will be a loss of infantry battalions and armoured units, with the number of new Challenger III tanks nearly halving to 150.
Similarly, the artillery will lose its AS-90 155mm self-propelled artillery weapon and multiple-launch rocket systems. Instead, the service will expand the stock of long-distance precision-guided rockets and attack drones.
It will likely retire the faithful but ageing 600 Warrior tracked armoured personnel carriers, which need a £1.5 billion upgrade, but keep 600 Ajax and 500 Boxer armoured vehicles.
Integrated Review: What will happen to the Royal Navy?
Boris Johnson is clearly persuaded that his vision of "Global Britain" requires the powerful Royal Navy that the country possessed in previous centuries.
Two aircraft carriers are at long last becoming operational, but to back up Mr Johnson's pledge that Britain will become the “foremost naval power in Europe” with a “shipbuilding renaissance”, more warships are being built.
There will be eight Type 26 frigates and at least five Type 31 multipurpose frigates, to be joined by possibly a similar number of the new Type 32 frigate.
This will increase the Navy's surface fleet from 17 to 24 warships, in addition to seven Astute-class hunter-killer submarines and three Dreadnought-class ballistic nuclear submarines. The Navy will also develop unmanned vessels for mine-hunting and surveillance.
Integrated Review: What will happen to the Royal Air Force?
Instead of getting 138 F-35 Lightning combat jets, as military chiefs had hoped, the RAF will probably receive at most 50 of the £100 million aircraft.
The big order will be cancelled in favour of the proposed Tempest fighter, which would be able to operate with or without crew.
Similarly, 24 Typhoon fighter jets will be retired early, with the RAF retaining seven frontline squadrons. The RAF will likely lose 11 surveillance planes and potentially up to 14 C-130J Hercules transport planes.
"The air force is going to get into drones in a big way and is going to dress that up as modernising," said Prof Clarke.
“But the Navy will fly the flag around the world with a carrier battle group and become a powerful, potent force."
However, Brig Barry sounded a warning about the tank cuts. "An army that moves away from heavy armour and armoured warfare will be much less effective, and it will also have much less influence."
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
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.”
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
The specs: Volvo XC40
Price: base / as tested: Dh185,000
Engine: 2.0-litre, turbocharged in-line four-cylinder
Gearbox: Eight-speed automatic
Power: 250hp @ 5,500rpm
Torque: 350Nm @ 1,500rpm
Fuel economy, combined: 10.4L / 100km