The Atomic Bomb Dome in Hiroshima. The city will host the G7 leaders' summit on Friday. AFP
The Atomic Bomb Dome in Hiroshima. The city will host the G7 leaders' summit on Friday. AFP
The Atomic Bomb Dome in Hiroshima. The city will host the G7 leaders' summit on Friday. AFP
The Atomic Bomb Dome in Hiroshima. The city will host the G7 leaders' summit on Friday. AFP

G7 summit in Hiroshima highlights urgency of addressing growing nuclear threat


Thomas Harding
  • English
  • Arabic

The skeletal dome of Hiroshima’s city council building provides the backdrop for a G7 summit as the threat of nuclear catastrophe is at its highest in decades.

The building survived the cataclysmic blast of an atom bomb that killed thousands of humans on August 6, 1945. Two days later the death toll reached 226,000 when Nagasaki was similarly bombed.

The setting of Hiroshima reminds the world of the horror of nuclear war, as President Vladimir Putin makes nuclear threats and other countries increase their warhead stockpiles, or try to join the nuclear club.

Of the world’s 13,400 nuclear warheads, Russia possesses nearly 6,000 and America 5,400. A decade ago the two greatest nuclear world powers were on a path to reduce their nuclear stockpiles, with former US president Barack Obama pushing for a reduction.

But then Russia invaded Ukraine, first in 2014 and then on a greater scale last year, and dreams of a nuclear-free world have diminished.

Instead the nuclear threat has deepened. China is building more warheads, Britain has considered a 40 per cent increase in its stockpile, Iran is on the cusp of producing weapons-grade uranium and North Korea is producing ever more sophisticated missiles.

Given the vivid backdrop of the G7 summit, what can the leaders of the democratic world do to curtail nuclear proliferation?

Wreckage following the nuclear attack on Hiroshima in 1945. AP
Wreckage following the nuclear attack on Hiroshima in 1945. AP

Hiroshima legacy

The summit can at least start a conversation about tackling the growing global nuclear threat.

The poignancy of loss will be well related by Japan’s Prime Minister, Fumio Kishida. His family come from Hiroshima and, born 12 years after the A-bomb attack, he grew up hearing the stories of those who suffered incurable radiation sickness or whose flesh was seared by atomic burns.

“There's such a strong link with Hiroshima which gives the meeting huge symbolic importance,” said Dr Matthew Harries, director of Proliferation and Nuclear Policy at the Royal United Services Institute (Rusi) think tank. It is “a moment to re-open the discussion on proliferation.”

The enduring Nuclear Non-Proliferation Treaty still offers hope in a world edging towards catastrophe with 191 countries signed up to prevent the spread of nuclear weapons.

A US Minuteman intercontinental ballistic nuclear missile in Montana. AP
A US Minuteman intercontinental ballistic nuclear missile in Montana. AP

When the NPT was proposed in 1965, it was predicted that within two decades the number of nuclear-armed states would rise from five to 30. It currently stands at nine.

The treaty has served to curtail membership of the nuclear club, with only North Korea, Israel, India and Pakistan ignoring it.

Nuclear warfare expert Hamish de Breton Gordon said the G7 should therefore pressure the UN Security Council to urgently address reducing the size of nuclear arsenals.

“Hiroshima should be the starting point to reign this all back in because China, Iran and North Korea are completely ignoring the treaty and are developing their nuclear capabilities,” he said.

The cities of Hiroshima and Nagasaki should remain “a really harrowing reminder of what happens if nuclear weapons are used,” Marion Messmer, of the international security programme at Chatham House think tank, told The National.

“The Japanese government can do a lot to remind the world that the norm of not using nuclear weapons that has held strong for many decades should continue to be strengthened.”

The key is persuading the US and Russia to discuss reduction. It’s a big ask.

A Russian nuclear missile in Red Square during the 2020 Victory Parade. Getty Images
A Russian nuclear missile in Red Square during the 2020 Victory Parade. Getty Images

Treaties fade

Treaties that seemed to set the world on a nuclear-free path have faded. “International agreements regulating nuclear weapons have either got weaker or collapsed,” said Dr Harries.

Former president Donald Trump withdrew the US from the Intermediate-Range Nuclear Forces treaty in 2018, protesting against alleged Russian deployment of land-based cruise missiles.

In one of his last acts as president he then withdrew the US from the Open Skies treaty in 2020, with Russia following suit a few months later. The agreement allowed unmanned aerial surveillance over foreign territory.

Then in February this year Putin announced that Russia was suspending the New START treaty, the last remaining nuclear arms control agreement between Washington and Moscow that allows 18 stockpile inspections a year.

Meanwhile, the North Korean nuclear arsenal is getting “larger and more diverse” and Iran’s nuclear agreement is “pretty much unrecognisable at this point”, Dr Harries said.

“The problem is that states are beginning to lose trust in various arms control agreements, because some of the really important existing ones have fallen apart,” said Ms Messmer.

“There are a lot of states that previously were not that interested in nuclear weapons that might now have changed their minds.”

South Korean and US missiles are displayed at Korea War Memorial Museum in Seoul. AP
South Korean and US missiles are displayed at Korea War Memorial Museum in Seoul. AP

Nuclear domino effect

Proliferation can have a troubling domino effect. When an aggressive neighbour goes nuclear adjacent countries realise that the only real deterrence is to be similarly equipped. Hence Pakistan’s nuclear programme following India’s.

Similarly, prominent voices in South Korea have urged their government either to develop nuclear weapons or invite US devices on to their soil.

The US has agreed to bolster its support with increased submarine patrols but South Korea has still set up a committee for nuclear planning.

If Iran does develop a nuclear weapon – as its enemy Israel has, with an estimated arsenal of 90 warheads – how will the rest of the Middle East respond?

China currently possesses a modest 400 warheads but its current nuclear programme could see this expand to 1,000 by 2035 as its superpower competition with the US intensifies.

Britain has said it will expand its warheads by 40 per cent to 260, although this is regarded as a “hypothetical” number, used only if the international security situation further deteriorates.

“The problem that the world is confronting now is that more and more states see deterrence as a central part of their security,” said Dr Harries.

Mr de Breton Gordon said the principle of mutual assured destruction, based on the notion that a nuclear attack by one superpower would be met with an overwhelming nuclear counterattack, such that both the attacker and the defender would be annihilated, “has kept the world at peace for 80 odd years and that’s for very good reasons.”

Fissile treaty?

Dr Harries wants the G7 to announce a “political recommitment” to the NPT to highlight that it was still in a state's national interest to “go without nuclear weapons because the world is safer if your neighbour does not have nuclear weapons.”

Part of that would be getting momentum behind the proposed Fissile Material Cut-off Treaty, that would prohibit production of enriched uranium and plutonium, the two main components for nuclear bombs.

But both China and Pakistan object because they want fissile material to strengthen their arsenal.

“Hiroshima is an opportunity to show a level of support for this treaty and to put more pressure on,” said Dr Harries.

There is also a curious irony in President Vladimir Putin’s nuclear threats as they may have intensified the desire for more controls.

His intimidation tactics may also have focused minds on the devastation of nuclear war.

India's Agni III nuclear-capable missile. Getty
India's Agni III nuclear-capable missile. Getty

Bright spot

Ultimately it is down to the US and Russia to find a way to reduce their massive nuclear armoury.

Given the fallout over the Ukraine war, that appears a more insurmountable task. So what can the G7 hope to achieve?

“It’s a question of what they can work out and what conditions they want to set for an international agreement,” said Ms Messmer. “But because Russia isn't at that table, it's really difficult to think about new arms control, because Russia needs to be a willing participant and that won't happen if they're not involved in treaty conversations from the start.”

Despite Iran and North Korea’s actions, the NPT still holds with 191 countries, which, said Ms Messmer, “in a very bleak landscape of international security is a rare bright spot.”

“It shows that the majority of states are able to evolve their security without the huge risk and expenditure that nuclear weapons entail,” she added.

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

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September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

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November 2025

180 Petrofac employees laid off in the UAE

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What is Reform?

Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.

It was founded in 2018 and originally called the Brexit Party.

Many of its members previously belonged to UKIP or the mainstream Conservatives.

After Brexit took place, the party focused on the reformation of British democracy.

Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.

The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.

Citadel: Honey Bunny first episode

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Lucifer: is a 2019 Malayalam-language action film. It dives into the gritty world of Kerala’s politics and has become one of the highest-grossing Malayalam films of all time.

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Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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Founder: John Tsioris and Ioanna Angelidaki

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Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

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Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

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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.”

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Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

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Name: Atheja Ali Busaibah

Date of birth: 15 November, 1951

Favourite books: Ihsan Abdel Quddous books, such as “The Sun will Never Set”

Hobbies: Reading and writing poetry

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Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

WHAT%20IS%20THE%20LICENSING%20PROCESS%20FOR%20VARA%3F
%3Cp%3EVara%20will%20cater%20to%20three%20categories%20of%20companies%20in%20Dubai%20(except%20the%20DIFC)%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20A%3A%3C%2Fstrong%3E%20Minimum%20viable%20product%20(MVP)%20applicants%20that%20are%20currently%20in%20the%20process%20of%20securing%20an%20MVP%20licence%3A%20This%20is%20a%20three-stage%20process%20starting%20with%20%5B1%5D%20a%20provisional%20permit%2C%20graduating%20to%20%5B2%5D%20preparatory%20licence%20and%20concluding%20with%20%5B3%5D%20operational%20licence.%20Applicants%20that%20are%20already%20in%20the%20MVP%20process%20will%20be%20advised%20by%20Vara%20to%20either%20continue%20within%20the%20MVP%20framework%20or%20be%20transitioned%20to%20the%20full%20market%20product%20licensing%20process.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20B%3A%3C%2Fstrong%3E%20Existing%20legacy%20virtual%20asset%20service%20providers%20prior%20to%20February%207%2C%202023%2C%20which%20are%20required%20to%20come%20under%20Vara%20supervision.%20All%20operating%20service%20proviers%20in%20Dubai%20(excluding%20the%20DIFC)%20fall%20under%20Vara%E2%80%99s%20supervision.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20C%3A%3C%2Fstrong%3E%20New%20applicants%20seeking%20a%20Vara%20licence%20or%20existing%20applicants%20adding%20new%20activities.%20All%20applicants%20that%20do%20not%20fall%20under%20Category%20A%20or%20B%20can%20begin%20the%20application%20process%20through%20their%20current%20or%20prospective%20commercial%20licensor%20%E2%80%94%20the%20DET%20or%20Free%20Zone%20Authority%20%E2%80%94%20or%20directly%20through%20Vara%20in%20the%20instance%20that%20they%20have%20yet%20to%20determine%20the%20commercial%20operating%20zone%20in%20Dubai.%C2%A0%3C%2Fp%3E%0A
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Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

SPECS

Toyota land Cruiser 2020 5.7L VXR

Engine: 5.7-litre V8

Transmission: eight-speed automatic

Power: 362hp

Torque: 530Nm

Price: Dh329,000 (base model 4.0L EXR Dh215,900)

Updated: May 18, 2023, 5:38 PM