The Starstreak surface-to-air missile system is likely to be used by Ukraine in fighting against the Russian offensive. Photo: Ministry of Defence
The Starstreak surface-to-air missile system is likely to be used by Ukraine in fighting against the Russian offensive. Photo: Ministry of Defence
The Starstreak surface-to-air missile system is likely to be used by Ukraine in fighting against the Russian offensive. Photo: Ministry of Defence
The Starstreak surface-to-air missile system is likely to be used by Ukraine in fighting against the Russian offensive. Photo: Ministry of Defence

World's fastest laser-guided missile deployed to Ukraine


Thomas Harding
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Ukrainian troops have completed training in the fastest anti-aircraft missile in the world that will present a severe threat to Russian aircraft, the British defence secretary has confirmed.

Ben Wallace said the advanced Starstreak weapon that travels at more than 5,000kph and is made in Belfast had been deployed into the war zone for the first time and would be used imminently against the Russian offensive.

Britain’s defence industry is benefitting significantly from the Ukraine conflict with shares soaring among companies supplying missiles and other hardware.

Ukrainian servicemen pose in front of what they say are destroyed Russian military vehicles and equipment in the village of Lukianivka, which they reclaimed from Russian forces. Reuters
Ukrainian servicemen pose in front of what they say are destroyed Russian military vehicles and equipment in the village of Lukianivka, which they reclaimed from Russian forces. Reuters

“One of the biggest challenges is that the more you go up in sophistication of weapons systems, the more training you require to use them,” he told The Mail on Sunday. With Britain providing more than 10,000 anti-tank and anti-aircraft missiles, it was “doing more than pretty much anyone else” to help Ukraine's military, he said.

Ukraine’s troops are understood to have been trained in the more challenging Starstreak system via remote online learning and potentially by British instructors operating in Eastern Europe.

Unlike other surface-to-air missiles (SAMs), Starstreak, built in Northern Ireland, follows a laser beam-guidance system rather than heat-seeking that can be deterred by magnesium flares.

It is incredibly fast, reaching a maximum velocity of three times the speed of sound, or Mach 4, much faster than the top speed of a Stinger anti-aircraft missile which can travel at Mach 2.5. It also has a range of seven kilometres, with each missile carrying three tungsten-alloy darts each weighing 450g.

Ukraine’s medium range SAM threat has largely forced Russian jets to fly low and fast, which will make them vulnerable to the shoulder-launched weapon. Starstreak will prove particularly deadly for helicopters, giving pilots little time to react.

A Ukrainian troop holds an NLAW at a position on the front line in the northern Kyiv region. Reuters
A Ukrainian troop holds an NLAW at a position on the front line in the northern Kyiv region. Reuters

The weapon that is proving decisive in hitting Russian armour is the British-made Next Generation Anti-Tank Weapon (NLAW). A Ukraine army official has said up to 40 per cent of all Russian tanks destroyed in the conflict have been hit by NLAWs.

Defence minister James Heappey argued in the Commons on Monday that small detachments of Ukrainian troops armed with NLAWs had proven highly capable at attacking the large, slow-moving Russian armoured formations.

“We have seen on the footage of Ukrainians, interrupting activities of fast armoured columns, that small bands of determined people with the right missile technology are far more lethal than any opposing armoured force might prove to be,” he said.

Britain has sent more than 4,000 of the advanced but easy-to-use missiles, which at £20,000 ($26,170) each are significantly cheaper than US-made Javelin, estimated at £156,000.

  • A woman walks past a poster depicting Russian President Vladimir Putin holding his own body, as Russia's invasion of Ukraine continues, in Sofia, Bulgaria. Reuters
    A woman walks past a poster depicting Russian President Vladimir Putin holding his own body, as Russia's invasion of Ukraine continues, in Sofia, Bulgaria. Reuters
  • A man walks past a residential area destroyed by a rocket strike in Kyiv. Getty Images
    A man walks past a residential area destroyed by a rocket strike in Kyiv. Getty Images
  • Ukraine refugees wait in the train station in Przemysl, near the Polish-Ukrainian border. More than 3.8 million have fled Ukraine since Russia's invasion. AFP
    Ukraine refugees wait in the train station in Przemysl, near the Polish-Ukrainian border. More than 3.8 million have fled Ukraine since Russia's invasion. AFP
  • Ukrainian civilians receive weapons training at a shooting range in Brno, Czech Republic. EPA
    Ukrainian civilians receive weapons training at a shooting range in Brno, Czech Republic. EPA
  • A Ukrainian special police officer patrols near a destroyed building during the night curfew in Kharkiv. AP Photo
    A Ukrainian special police officer patrols near a destroyed building during the night curfew in Kharkiv. AP Photo
  • A Ukrainian serviceman walks past the wreck of a Russian tank in Lukyanivka, Kyiv. Reuters
    A Ukrainian serviceman walks past the wreck of a Russian tank in Lukyanivka, Kyiv. Reuters
  • Ukrainian Air Force jets take part in a defence drill over an unidentified location. Reuters
    Ukrainian Air Force jets take part in a defence drill over an unidentified location. Reuters
  • Valentina Demura, 70, near the ruins of her home in apartment block in the besieged southern port city of Mariupol. Reuters
    Valentina Demura, 70, near the ruins of her home in apartment block in the besieged southern port city of Mariupol. Reuters
  • A message of support for Ukraine at the 94th Academy Awards in Hollywood, Los Angeles, California. Reuters
    A message of support for Ukraine at the 94th Academy Awards in Hollywood, Los Angeles, California. Reuters
  • The widow of sergeant Kostiantyn Deriuhin stands at her husband's grave after his funeral at Lychakiv cemetery in Lviv, Ukraine. Reuters
    The widow of sergeant Kostiantyn Deriuhin stands at her husband's grave after his funeral at Lychakiv cemetery in Lviv, Ukraine. Reuters
  • A walk amid the ruins after a Russian attack in Byshiv on the outskirts of Kyiv, Ukraine. AP
    A walk amid the ruins after a Russian attack in Byshiv on the outskirts of Kyiv, Ukraine. AP
  • A soldier of the Ukrainian territorial defence forces gives a salute during a break in digging a foxhole at Kalynivka, on the outskirts of Kyiv, Ukraine. AP
    A soldier of the Ukrainian territorial defence forces gives a salute during a break in digging a foxhole at Kalynivka, on the outskirts of Kyiv, Ukraine. AP
  • A bust adorned with a headband in the colours of the Ukraine flag at a checkpoint in Kyiv, Ukraine. AP
    A bust adorned with a headband in the colours of the Ukraine flag at a checkpoint in Kyiv, Ukraine. AP
  • The Cheremosh Folk Song and Dance Ensemble performs in the streets of the Old Town in Lviv, Ukraine. Getty
    The Cheremosh Folk Song and Dance Ensemble performs in the streets of the Old Town in Lviv, Ukraine. Getty
  • Eugene Grigorash says goodbye to his wife Victoria Grigorash and their seven-month-old son Roman as their bus leaves Lviv on its way to Poland. Getty
    Eugene Grigorash says goodbye to his wife Victoria Grigorash and their seven-month-old son Roman as their bus leaves Lviv on its way to Poland. Getty
  • People head for an air raid shelter after sirens sound across Lviv in Ukraine. Getty
    People head for an air raid shelter after sirens sound across Lviv in Ukraine. Getty
  • A pro-Ukraine rally at the Lincoln Memorial in Washington. EPA
    A pro-Ukraine rally at the Lincoln Memorial in Washington. EPA
  • The aftermath of an air strike on the western Ukrainian city of Lviv. AFP
    The aftermath of an air strike on the western Ukrainian city of Lviv. AFP
  • A protester weeps as she takes part in a 'mothers' march' for Ukraine, in New York. AFP
    A protester weeps as she takes part in a 'mothers' march' for Ukraine, in New York. AFP
  • Local people share a basement of a historical building which is being used as a bomb shelter during an air raid warning in Lviv. EPA
    Local people share a basement of a historical building which is being used as a bomb shelter during an air raid warning in Lviv. EPA
  • US President Joe Biden kisses a child while meeting refugees of Russia's war with Ukraine at PGE Narodowy Stadium in Warsaw, Poland. AFP
    US President Joe Biden kisses a child while meeting refugees of Russia's war with Ukraine at PGE Narodowy Stadium in Warsaw, Poland. AFP
  • A Ukrainian soldier stands guard at Independence Square in Kyiv. AFP
    A Ukrainian soldier stands guard at Independence Square in Kyiv. AFP
  • Municipal employees cover the city's monuments with sand bags to protect them from strikes in Kharkiv. AFP
    Municipal employees cover the city's monuments with sand bags to protect them from strikes in Kharkiv. AFP
  • Misha, 5, who lost his mother some weeks ago and got injured during a Russian strike, is helped by his grandfather to dress up in the basement of a hospital in Mykolaiv. AFP
    Misha, 5, who lost his mother some weeks ago and got injured during a Russian strike, is helped by his grandfather to dress up in the basement of a hospital in Mykolaiv. AFP
  • Ukrainian refugees rest in the ticket hall of Przemysl Glowny train station. Reuters
    Ukrainian refugees rest in the ticket hall of Przemysl Glowny train station. Reuters
  • A woman walks past destroyed houses in the village of Krasylivka outside Kyiv. Reuters
    A woman walks past destroyed houses in the village of Krasylivka outside Kyiv. Reuters
  • A man climbs up a ladder to examine his destroyed house in the village of Krasylivka outside Kyiv. Reuters
    A man climbs up a ladder to examine his destroyed house in the village of Krasylivka outside Kyiv. Reuters
  • Damage inside an Orthodox Church building in Yasnohorodka, on the outskirts of Kyiv. AP
    Damage inside an Orthodox Church building in Yasnohorodka, on the outskirts of Kyiv. AP
  • A Ukrainian soldier at a psychiatric hospital damaged by a Russian bombing, in Mykolaiv. AP
    A Ukrainian soldier at a psychiatric hospital damaged by a Russian bombing, in Mykolaiv. AP
  • Displaced people from Dnipro arrive in Lviv, in western Ukraine. Millions are internally displaced. Getty Images
    Displaced people from Dnipro arrive in Lviv, in western Ukraine. Millions are internally displaced. Getty Images
  • A destroyed school in Kharkiv. AFP
    A destroyed school in Kharkiv. AFP
  • A Ukrainian fighter on the front line in the north Kyiv region. Reuters
    A Ukrainian fighter on the front line in the north Kyiv region. Reuters
  • A resident walks past blazing buildings and vehicles after a Russian artillery strike in Kharkiv. AFP
    A resident walks past blazing buildings and vehicles after a Russian artillery strike in Kharkiv. AFP
  • Black smoke billows from a fuel depot near Kyiv that was used by the Ukrainian Army before it was hit by during a Russian strike. AP
    Black smoke billows from a fuel depot near Kyiv that was used by the Ukrainian Army before it was hit by during a Russian strike. AP
  • Masha, 26, checks her mobile phone at an air raid shelter inside a Kyiv metro station. Reuters
    Masha, 26, checks her mobile phone at an air raid shelter inside a Kyiv metro station. Reuters
  • A market on fire in Kharkiv after a Russian attack. AP
    A market on fire in Kharkiv after a Russian attack. AP
  • People try to recover items from a shop set on fire during a Russian attack in Kharkiv. AP
    People try to recover items from a shop set on fire during a Russian attack in Kharkiv. AP
  • Nastya Kuzyk, 20, who was injured in an attack on Chernihiv, is comforted by her mother Svitlana, 50, as she recovers in a Kyiv hospital. AP
    Nastya Kuzyk, 20, who was injured in an attack on Chernihiv, is comforted by her mother Svitlana, 50, as she recovers in a Kyiv hospital. AP

The NLAWs and Starstreaks are both made at the former Shorts factory in Belfast that is now owned by Thales, a French company.

With the company advertising 22 jobs, including one for a “missile architect”, it is clearly experiencing a post-pandemic boon in which share prices for some defence companies have increased by up to 72 per cent in a day. Thales’s share price has risen by 42 per cent in the past month.

With the German defence budget leaping to $100 billion a year, it is expected that more military items will be bought from British companies, including the Eurofighter Typhoon and meteor air-to-air missiles, which are made in Bolton, Greater Manchester.

Company profile

Company name: Suraasa

Started: 2018

Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker

Based: India, UAE and the UK

Industry: EdTech

Initial investment: More than $200,000 in seed funding

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.”

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

Top New Zealand cop on policing the virtual world

New Zealand police began closer scrutiny of social media and online communities after the attacks on two mosques in March, the country's top officer said.

The killing of 51 people in Christchurch and wounding of more than 40 others shocked the world. Brenton Tarrant, a suspected white supremacist, was accused of the killings. His trial is ongoing and he denies the charges.

Mike Bush, commissioner of New Zealand Police, said officers looked closely at how they monitored social media in the wake of the tragedy to see if lessons could be learned.

“We decided that it was fit for purpose but we need to deepen it in terms of community relationships, extending them not only with the traditional community but the virtual one as well," he told The National.

"We want to get ahead of attacks like we suffered in New Zealand so we have to challenge ourselves to be better."

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He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal

He ascended Mount Everest the next year from the more treacherous north Tibetan side

By 2015, he had completed the Explorers Grand Slam

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UAE currency: the story behind the money in your pockets
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Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

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Emiratisation was introduced in the UAE more than 10 years ago

It aims to boost the number of citizens in the workforce particularly in the private sector.

Growing the number of Emiratis in the workplace will help the UAE reduce dependence on overseas workers

The Cabinet in December last year, approved a national fund for Emirati jobseekers and guaranteed citizens working in the private sector a comparable pension

President Sheikh Khalifa has described Emiratisation as “a true measure for success”.

During the UAE’s 48th National Day, Sheikh Khalifa named education, entrepreneurship, Emiratisation and space travel among cornerstones of national development

More than 80 per cent of Emiratis work in the federal or local government as per 2017 statistics

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UAE citizens will be given priority in managerial positions in the government sphere

The purpose is to raise the contribution of UAE nationals in the job market and create a diverse workforce of citizens

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Name: Thndr
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Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Match statistics

Abu Dhabi Harlequins 36 Bahrain 32

 

Harlequins

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Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

Liverpool's all-time goalscorers

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India squads

T20: Rohit Sharma (c), Shikhar Dhawan, KL Rahul, Sanju Samson, Shreyas Iyer, Manish Pandey, Rishabh Pant, Washington Sundar, Krunal Pandya, Yuzvendra Chahal, Rahul Chahar, Deepak Chahar, Khaleel Ahmed, Shivam Dube, Shardul Thakur

Test: Virat Kohli (c), Rohit Sharma, Mayank Agarwal, Cheteshwar Pujara, Ajinkya Rahane, Hanuma Vihari, Wriddhiman Saha (wk), Ravindra Jadeja, Ravichandran Ashwin, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Shubman Gill, Rishabh Pant

Updated: March 30, 2022, 11:15 AM