Supporters protest outside Western District police station in Hong Kong after 15 pro-democracy campaigners were arrested. Getty Images
Supporters protest outside Western District police station in Hong Kong after 15 pro-democracy campaigners were arrested. Getty Images
Supporters protest outside Western District police station in Hong Kong after 15 pro-democracy campaigners were arrested. Getty Images
Supporters protest outside Western District police station in Hong Kong after 15 pro-democracy campaigners were arrested. Getty Images

From Iran's killer drones to airstrikes in Rakhine state, the non-coronavirus news you may have missed


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Israel accuses Hezbollah of ‘provocative’ activity

Israel on Saturday accused the Lebanese militant group Hezbollah of “provocative” activity along the Lebanese-Israeli frontier and said it would complain to the UN Security Council.

Foreign Minister Israel Katz said in a statement that Hezbollah made multiple attempts to breach the border on Friday night. The Israeli military fired flares along the volatile frontier and said it later found damage to its security fence, just inside Israeli territory, in three locations.

Iran acquires killer drones with a 1,500-kilometre range

Defence Minister Amir Hatami announced on Saturday that the Iranian armed forces have acquired three bomb-carrying drones with a range of 1,500 kilometres.

The drones could monitor "enemy movements from a considerable distance" and were capable of combat missions, he said at the delivery ceremony in Tehran broadcast on state TV.

The drones were manufactured by Iran's military industry with the participation of local universities, he said.

Drones play a key role in Iran’s border surveillance operations, particularly the Gulf waters around the Strait of Hormuz, through which one-fifth of the world's oil supply flows.

  • Iranian army soldiers wearing protective face masks parade with disinfection equipment to mark National Army Day in Tehran on April 17, 2020. Iranian military via EPA, HO
    Iranian army soldiers wearing protective face masks parade with disinfection equipment to mark National Army Day in Tehran on April 17, 2020. Iranian military via EPA, HO
  • Iran did not hold a main ceremony on its annual National Army Day due to the coronavirus crises in the country. Iranian military via EPA, HO
    Iran did not hold a main ceremony on its annual National Army Day due to the coronavirus crises in the country. Iranian military via EPA, HO
  • Iran is one of the most impacted countries by the pandemic with over 5,000 reported deaths. Iranian military via EPA, HO
    Iran is one of the most impacted countries by the pandemic with over 5,000 reported deaths. Iranian military via EPA, HO
  • Iran’s parliament has suggested that the true toll of the virus may in fact be double the official numbers. Iranian military via EPA, HO
    Iran’s parliament has suggested that the true toll of the virus may in fact be double the official numbers. Iranian military via EPA, HO
  • The military has been deployed in the mass national sterilisation programme and to aid the domestic civilian administrations handle the crisis. Iranian military via EPA, HO
    The military has been deployed in the mass national sterilisation programme and to aid the domestic civilian administrations handle the crisis. Iranian military via EPA, HO
  • Soldiers wearing protective face masks as they parade amid the ongoing coronavirus pandemic. Iranian military via EPA, HO
    Soldiers wearing protective face masks as they parade amid the ongoing coronavirus pandemic. Iranian military via EPA, HO
  • Iran is one of the most effected countries by the pandemic with over 5,000 reported deaths. Iranian military via EPA, HO
    Iran is one of the most effected countries by the pandemic with over 5,000 reported deaths. Iranian military via EPA, HO
  • Soldiers wearing protective face masks as they parade amid the ongoing coronavirus pandemic. Iranian military via EPA, HO
    Soldiers wearing protective face masks as they parade amid the ongoing coronavirus pandemic. Iranian military via EPA, HO

France says Chad remains committed to G5 Sahel counter-terror force

Chad remains committed to the G5 Sahel counterterrorism force, the French government said on Friday, a week after President Idriss Deby announced his troops would no longer participate in operations beyond Chad’s borders.

Deby’s announcement, following a Boko Haram militant attack that killed 98 Chadian troops, raised questions about the impact on regional co-operation against violent extremists in the Sahel.

Chad's military is an important part of the 5,000-strong G5 force alongside Burkina Faso, Niger, Mali and Mauritania in co-operating with French troops to combat a growing Islamist insurgency.

UN rights office says Myanmar carrying out air strikes in Rakhine state

The Myanmar army is carrying out "almost daily airstrikes and shelling" in the restive Rakhine and Chin states, the United Nations human rights office said on Friday. At least 32 civilians have been killed since March 23 in the region, where the insurgent Arakan Army has been battling government troops for more than a year.

"It is very difficult to get precise information from Rakhine on whether the reported casualties are the result of targeting or were caught in the crossfire between the Arakan army and Myanmar army," spokesman Rupert Colville told a Geneva news briefing in response to a question.

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

UAE currency: the story behind the money in your pockets
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Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

Other promotions
  • Deliveroo will team up with Pineapple Express to offer customers near JLT a special treat: free banana caramel dessert with all orders on January 26
  • Jones the Grocer will have their limited edition Australia Day menu available until the end of the month (January 31)
  • Australian Vet in Abu Dhabi (with locations in Khalifa City A and Reem Island) will have a 15 per cent off all store items (excluding medications) 
CHELSEA'S NEXT FIVE GAMES

Mar 10: Norwich(A)

Mar 13: Newcastle(H)

Mar 16: Lille(A)

Mar 19: Middlesbrough(A)

Apr 2: Brentford(H)

TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2041mm%2C%20352%20x%20430%3B%2045mm%2C%20396%20x%20484%3B%20Retina%20LTPO%20OLED%2C%20up%20to%201000%20nits%2C%20always-on%3B%20Ion-X%20glass%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20S8%2C%20W3%20wireless%2C%20U1%20ultra-wideband%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%2032GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%201GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20watchOS%209%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EHealth%20metrics%3A%3C%2Fstrong%3E%203rd-gen%20heart%20rate%20sensor%2C%20temperature%20sensing%2C%20ECG%2C%20blood%20oxygen%2C%20workouts%2C%20fall%2Fcrash%20detection%3B%20emergency%20SOS%2C%20international%20emergency%20calling%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20GPS%2FGPS%20%2B%20cellular%3B%20Wi-Fi%2C%20LTE%2C%20Bluetooth%205.3%2C%20NFC%20(Apple%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP6X%2C%20water%20resistant%20up%20to%2050m%2C%20dust%20resistant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20308mAh%20Li-ion%2C%20up%20to%2018h%2C%20wireless%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20eSIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFinishes%3A%3C%2Fstrong%3E%20Aluminium%20%E2%80%93%20midnight%2C%20Product%20Red%2C%20silver%2C%20starlight%3B%20stainless%20steel%20%E2%80%93%20gold%2C%20graphite%2C%20silver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Watch%20Series%208%2C%20magnetic-to-USB-C%20charging%20cable%2C%20band%2Floop%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starts%20at%20Dh1%2C599%20(41mm)%20%2F%20Dh1%2C999%20(45mm)%3C%2Fp%3E%0A
Other ways to buy used products in the UAE

UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.

Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.

Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.

For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.

Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.

At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.

Poland Statement
All people fleeing from Ukraine before the armed conflict are allowed to enter Poland. Our country shelters every person whose life is in danger - regardless of their nationality.

The dominant group of refugees in Poland are citizens of Ukraine, but among the people checked by the Border Guard are also citizens of the USA, Nigeria, India, Georgia and other countries.

All persons admitted to Poland are verified by the Border Guard. In relation to those who are in doubt, e.g. do not have documents, Border Guard officers apply appropriate checking procedures.

No person who has received refuge in Poland will be sent back to a country torn by war.

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.”