The UK will commit £968 million over 10 years to deliver a multi-satellite system known as the Istari programme. Photo: forplayday
The UK will commit £968 million over 10 years to deliver a multi-satellite system known as the Istari programme. Photo: forplayday
The UK will commit £968 million over 10 years to deliver a multi-satellite system known as the Istari programme. Photo: forplayday
The UK will commit £968 million over 10 years to deliver a multi-satellite system known as the Istari programme. Photo: forplayday

UK launches $1.89bn space defence strategy


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The UK will invest £1.4 billion ($1.89bn) to launch more satellites as part of its first defence space strategy.

Defence Secretary Ben Wallace said it was crucial that Britain pushes the “frontiers of our defence space ambitions” to stay “one step ahead of our competitors”.

As part of the public investment, £968 million will be committed over the next 10 years to deliver a multi-satellite system – known as the Istari programme – to support greater global surveillance and intelligence for military operations, the Ministry of Defence said.

A further £61 million will explore laser communications technology to deliver data from space to Earth at a speed equivalent to that of superfast broadband.

The defence space strategy follows the national space strategy, which was published in September.

In the latest document, the MoD outlines how it plans to protect the UK’s national interests in space in an era of “ever-growing threats”.

International rows over satellites, space weaponry and collisions in orbit have increased in recent years, causing friction between the US, China and Russia.

With the UAE set to launch Arab world’s first mission to the lunar surface, 2022 could be when the space race really heats up.

The MoD said Britain’s space strategy would stimulate growth in the sector and support highly skilled jobs nationwide while allowing Britain to work more closely with its Nato allies, including the US.

UK defence secretary Ben Wallace MP visited the US Air Force's Space and Missile Centre in Los Angeles last year. Photo: Ministry of Defence
UK defence secretary Ben Wallace MP visited the US Air Force's Space and Missile Centre in Los Angeles last year. Photo: Ministry of Defence

The newly announced money is on top of the existing £5 billion being used to upgrade the UK’s Skynet satellite communications capability, providing strategic communication services to the UK armed forces and allies.

“It’s crucial we continue to push the frontiers of our defence space ambitions, enhancing our military resilience and strengthening our nation’s security,” the Defence Secretary said.

“This significant investment will help to ensure the UK remains at the forefront of space innovation and one step ahead of our competitors.”

Mr Wallace is in Croatia as part of a diplomatic tour to defuse tension between Russia and Ukraine.

On Tuesday, he was due to make a written statement to the House of Commons on the strategy.

Minerva and Prometheus 2 in the pipeline

Supporting programmes funded through existing investment will also form part of the strategy.

The intention is said to be to provide “cutting-edge” technology for intelligence, surveillance, situational awareness, and command and control.

These include Minerva, in which £127 million will be invested over four years to develop a network of satellites to integrate space with the land, air, sea and cyber economies.

Another satellite project is Prometheus 2. Its two small satellites, each about the size of a shoebox, are set to provide a test platform for monitoring through GPS, radio signals and sophisticated imaging.

Officials said this will pave the way for a “more collaborative and connected space communication system” with combat allies.

UK Space Command, established in July, will lead the approach to space defence.

The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
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Al Watan newspaper
Cham Press TV
Sama TV

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

The biog

Name: Abeer Al Bah

Born: 1972

Husband: Emirati lawyer Salem Bin Sahoo, since 1992

Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old

Education: BA in Elementary Education, worked for five years in a Dubai school

 

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

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Updated: February 01, 2022, 5:07 PM