TEHRAN // Iran revealed yesterday that a so-called computer worm - which experts say shows unprecedented ingenuity and is unique in its ability to seize control of industrial plants - has infected the personal computers of staff at its first nuclear power plant.
But Tehran said the so-called Stuxnet malicious computer program, which has been described as the world's first cyber-guided missile, has not damaged operations at the flagship facility in Bushehr, which is due to go online within weeks. Foreign experts suspect the worm is aimed at sabotaging Iran's nuclear programme, saving Tehran's enemies from having to resort to military strikes whose repercussions could destabilise the Middle East and beyond.
A team is inspecting the infected personal computers at Bushehr to remove the malicious software, Mahmoud Jafari, the plant's project manager, told Iran's official news agency, IRNA. But he added that the worm "has not caused any damage to major systems at the plant", where unspecified problems have been blamed for not getting it fully operational earlier. Iran has the bulk of Stuxnet infections. The Islamic republic has suffered 58.9 per cent of its attacks worldwide, compared with 18 per cent in Indonesia, eight per cent in India and less than two per cent in the United States, according to Symantec, the computer-security software maker, which has been monitoring the worm's global spread.
Stuxnet made few waves in Iran until the weekend, when Iranian media picked up on a BBC report. "An electronic war has been launched against Iran," Mahmud Lia'i, an official at the ministry of mines and industry, was quoted as saying by Iran's conservative Fars news website on Saturday. "This computer worm is designed to transfer data about production lines from our industrial plants to [locations] outside the country."
Until Mr Jafari, Bushehr's project manager, spoke yesterday, Iranian officials had not divulged what sites had been attacked. Nor has any yet accused a particular foreign state of orchestrating the cyberattacks. Mr Lia'i said Stuxnet was "likely a [foreign] government project". Iranian newspapers, however, have reported suspicions voiced in the western media that the United States and, more likely, Israel, are behind the malware.
Computer experts estimate that Stuxnet would have cost at least US$3 million (Dh11m) and taken months to devise by a team of highly expert programmers, making it likely that it was created by a country rather than by individuals. In a sign of the high-level concern in Iran, experts from the country's nuclear agency met last week to discuss ways of fighting the worm that has targeted industrial plants across the country.
Meanwhile, Reza Taqipur, a top official at the ministry of communications and information technology, said on Saturday that Stuxnet had infected about 30,000 internet provider addresses in Iran. But he insisted that Iranian engineers have the expertise to create anti-virus software to clean the systems that were attacked. No crashes or serious damage to Iran's industrial computer systems have been reported so far, Mr Taqipur told Fars.
"It [Stuxnet] is like nothing we've seen before … it has the potential to take control of industrial infrastructure throughout the world," said Bulent Teksoz, Symantec's Middle East security expert, who is based in Dubai. Most malware is designed to steal or manipulate data for financial gain. Stuxnet makes no attempt to extort money. This "is the first cyberattack we've seen specifically targeting industrial control systems", Mr Teksoz said.
"The highest incidence [of infection] is in Iran now, but there may be no direct correlation between this and the motive of the attack. We can't say it's deliberately aimed at Iran just because we're seeing a higher percentage there." Symantec believes "there aren't many groups who could pull something off on this scale", but Mr Teksoz could not say whether a state is behind Stuxnet. It is "very rare to identify the source of such a sophisticated worm".
Stuxnet, first identified in June, is aimed at industrial equipment made by Siemens that is commonly used to manage water supplies, electric utilities, oil rigs, power plants and other large industrial sites. Stuxnet is able to attack computers that are not linked to the internet - usually for security reasons - by, uniquely, infiltrating them instead on USB memory sticks. The worm then replicates itself within a computer network where it can lurk undetected while causing havoc.
That Bushehr was a Stuxnet target was first suggested recently by Ralph Langner, a German industrial computer expert in an analysis on his website. He speculated that it could have been introduced into the plant's system by someone working for AtomStroyExport, the Russian firm building Bushehr. Most nuclear experts regard Bushehr, which is under strict international supervision and runs on fuel imported from Russia, to be of little use to Iran in any alleged weaponisation drive.
A likelier Stuxnet target, they speculate, would be Iran's far more controversial nuclear facility at Natanz, where spinning centrifuges are producing low-enriched uranium for power plants. The heavily fortified, underground plant could produce the fuel for use in nuclear weapons. Iran insists its nuclear programme is solely to generate electricity. Serious technical snags have bedevilled work at Natanz in the past year, according to some western experts, although it is not clear whether alleged technical problems were the result of sanctions, poor design or sabotage.
The New York Times reported last year that the US former president, George W Bush, had authorised efforts to undermine electrical and computer systems and other networks that served Iran's nuclear programme. But proving the source of cyberattacks, particularly ones as sophisticated as Stuxnet, is very difficult. Analysts say most major states, particularly China, Russia and the US, have invested considerably in cyber warfare and defence in recent years, although details remain nebulous.
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Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
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May 9, v Malaysia
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May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final
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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.”
Lexus LX700h specs
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How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
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The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
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Mia Man’s tips for fermentation
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- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.
- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.
- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.
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Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.
Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.
But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.
Language requirements will be increased for all immigration routes to ensure a higher level of English.
Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.
The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.
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At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
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Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
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Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
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