File footage released by a Ukrainian commander purportedly showing a February 27 Ukrainian drone strike against a Russian missile system. Reuters
File footage released by a Ukrainian commander purportedly showing a February 27 Ukrainian drone strike against a Russian missile system. Reuters
File footage released by a Ukrainian commander purportedly showing a February 27 Ukrainian drone strike against a Russian missile system. Reuters
File footage released by a Ukrainian commander purportedly showing a February 27 Ukrainian drone strike against a Russian missile system. Reuters

What is the Phoenix Ghost killer drone the US is giving Ukraine?


Joyce Karam
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Live updates: follow the latest news on Russia-Ukraine

Part of President Joe Biden’s latest package of military aid for Ukraine is a new type of killer drone known as the Phoenix Ghost that the US Air Force quickly developed and is well-suited for use by Ukrainian forces as they combat Russia, the Pentagon said.

The new weapon is similar in capability to the Switchblade drones the US has already supplied to the Ukrainian military, a senior US defence official told Pentagon reporters.

Switchblades are known as “kamikaze” drones, as they are designed to make a one-way trip to their target, exploding on impact.

The Phoenix Ghost “provides the same sort of tactical capability that a Switchblade does", the official said.

“It clearly is designed to deliver a punch.”

The Pentagon will ship more than 121 of the new Phoenix Ghost drones to Ukraine, Mr Biden announced on Thursday.

It will be up to the Ukrainian authorities where and how to deploy them, the Pentagon added.

The US defence official had "no idea" how the drone got its name and said “minimal training is required” on the Phoenix Ghosts, referencing slight differences in capability compared to the Switchblade, without providing details.

The drones were built by AEVEX Aerospace, Bloomberg reported, and were “rapidly developed by the air force in response specifically to Ukrainian requirements", Pentagon spokesman John Kirby said.

Switchblades extend the range of attack on Russian vehicles and units to beyond the sight of the user.

That gives them an advantage over the guided heat-seeking missiles the Ukrainians have used against Russian tanks.

On Friday, Mr Kirby said the drone was not specifically developed for Ukraine but its features meet many of the Ukrainian military's needs.

"It was already under development by the US Air Force and the kinds of capabilities that we were developing it for happened to be very appropriate to the kind of fighting that that we anticipate is going to go on in the Donbas region," Mr Kirby said.

  • Pro-Russian troops, including fighters of the Chechen special forces unit, survey the destroyed administration building of Azovstal Iron and Steel Works in Mariupol, Ukraine. Reuters
    Pro-Russian troops, including fighters of the Chechen special forces unit, survey the destroyed administration building of Azovstal Iron and Steel Works in Mariupol, Ukraine. Reuters
  • A young Ukrainian refugee, one of 71 to board a flight from Moldova, sits on a suitcase after arriving in Bordeaux, France. AFP
    A young Ukrainian refugee, one of 71 to board a flight from Moldova, sits on a suitcase after arriving in Bordeaux, France. AFP
  • A member of a demining team of the State Emergency Service of Ukraine carries an unexploded projectile during mine clearing near Brovary, north-east of Kyiv. AFP
    A member of a demining team of the State Emergency Service of Ukraine carries an unexploded projectile during mine clearing near Brovary, north-east of Kyiv. AFP
  • An armoured convoy of pro-Russian troops presses on in the besieged Ukrainian city of Mariupol. Reuters
    An armoured convoy of pro-Russian troops presses on in the besieged Ukrainian city of Mariupol. Reuters
  • A worker cleans a statue of the founder of the Soviet Union Vladimir Lenin at Moscow Square in Saint Petersburg, Russia. AFP
    A worker cleans a statue of the founder of the Soviet Union Vladimir Lenin at Moscow Square in Saint Petersburg, Russia. AFP
  • Firefighters battle flames at a warehouse after a Russian bombardment in Kharkiv, Ukraine. AP Photo
    Firefighters battle flames at a warehouse after a Russian bombardment in Kharkiv, Ukraine. AP Photo
  • People walk along a street past a missile that stuck in the ground, amid Russia's invasion of Ukraine, in Rubizhne, Luhansk region, Ukraine. Reuters
    People walk along a street past a missile that stuck in the ground, amid Russia's invasion of Ukraine, in Rubizhne, Luhansk region, Ukraine. Reuters
  • A man rides his bicycle next to a destroyed Russian tank in Chernihiv, Ukraine. AP Photo
    A man rides his bicycle next to a destroyed Russian tank in Chernihiv, Ukraine. AP Photo
  • A man walks next to a fire after a Russian bombardment in Kharkiv, Ukraine. AP Photo
    A man walks next to a fire after a Russian bombardment in Kharkiv, Ukraine. AP Photo
  • A Ukrainian refugee from Mariupol area, is greeted after arriving in a small convoy that crossed through a territory held by Russian forces, after the opening of a humanitarian corridor, at a registration center for internally displaced people, amid Russia's invasion of Ukraine, in Zaporizhzhia, Ukraine. Reuters
    A Ukrainian refugee from Mariupol area, is greeted after arriving in a small convoy that crossed through a territory held by Russian forces, after the opening of a humanitarian corridor, at a registration center for internally displaced people, amid Russia's invasion of Ukraine, in Zaporizhzhia, Ukraine. Reuters
  • A Ukrainian soldier stands during the funeral of his father in Bucha, on the outskirts of Kyiv. AP
    A Ukrainian soldier stands during the funeral of his father in Bucha, on the outskirts of Kyiv. AP
  • Ukrainian soldiers walk on a destroyed bridge in Irpin, on the outskirts of Kyiv. AP
    Ukrainian soldiers walk on a destroyed bridge in Irpin, on the outskirts of Kyiv. AP
  • Ukrainians receive humanitarian aid organised by local volunteers in Irpin. AP
    Ukrainians receive humanitarian aid organised by local volunteers in Irpin. AP
  • Volodymyr Lukyanovych, 63, cuts wood to make a fire outside his house in Irpin. His home was destroyed by Russian shelling. AP
    Volodymyr Lukyanovych, 63, cuts wood to make a fire outside his house in Irpin. His home was destroyed by Russian shelling. AP
  • Vova, 10, and his father, Ivan Drahun, look at the grave of his mother, Maryna, during her funeral in Bucha. AP
    Vova, 10, and his father, Ivan Drahun, look at the grave of his mother, Maryna, during her funeral in Bucha. AP
  • Sergei, 11, waits his turn to receive donated food during an aid humanitarian distribution in Bucha. AP
    Sergei, 11, waits his turn to receive donated food during an aid humanitarian distribution in Bucha. AP
  • Ukrainian President Volodymyr Zelenskyy, right, and European Council President Charles Michel attend a news conference after their meeting in Kyiv. AP
    Ukrainian President Volodymyr Zelenskyy, right, and European Council President Charles Michel attend a news conference after their meeting in Kyiv. AP
  • People pay their respects during the funeral in Kyiv for Ukrainian serviceman Volodymyr Karas, who died fighting Russian troops. AP
    People pay their respects during the funeral in Kyiv for Ukrainian serviceman Volodymyr Karas, who died fighting Russian troops. AP
  • Alexandra Kusminova pets her cat, named Mouse, in a restaurant in Dnipro, Ukraine, that was transformed into a shelter for those fleeing the war. AP
    Alexandra Kusminova pets her cat, named Mouse, in a restaurant in Dnipro, Ukraine, that was transformed into a shelter for those fleeing the war. AP
  • A woman reads a book as she lays on a bed in the shelter. AP
    A woman reads a book as she lays on a bed in the shelter. AP
  • City workers repair a war-damaged road in Bucha. Getty Images
    City workers repair a war-damaged road in Bucha. Getty Images
  • The village council and police department buildings destroyed by Russian shelling in Lymany, just outside Mykolaiv, Ukraine. Getty Images
    The village council and police department buildings destroyed by Russian shelling in Lymany, just outside Mykolaiv, Ukraine. Getty Images
  • Local residents receive bottled water from a truck, since there has been no running water for more than a week in Mykolaiv. Getty Images
    Local residents receive bottled water from a truck, since there has been no running water for more than a week in Mykolaiv. Getty Images
  • A destroyed car on the road between Kyiv and Chernihiv. EPA
    A destroyed car on the road between Kyiv and Chernihiv. EPA
  • A man looks at a burned APC in Yahidne, Chernihiv. EPA
    A man looks at a burned APC in Yahidne, Chernihiv. EPA
  • A man holds part of a missile in Yahidne. EPA
    A man holds part of a missile in Yahidne. EPA
  • A resident clears up a house that was occupied by Russian soldiers in Yahidne. EPA
    A resident clears up a house that was occupied by Russian soldiers in Yahidne. EPA
  • Local youth Vladyslav, 17, inspects the basement of the school building in Yahidne. EPA
    Local youth Vladyslav, 17, inspects the basement of the school building in Yahidne. EPA
  • A local resident walks on the street in Yahidne. EPA
    A local resident walks on the street in Yahidne. EPA
  • Local residents speak on the street next to war ruins. EPA
    Local residents speak on the street next to war ruins. EPA
  • A destroyed garage in Ivanivka. EPA
    A destroyed garage in Ivanivka. EPA
  • A man looks at bombs that litter a field in Ivanivka. EPA
    A man looks at bombs that litter a field in Ivanivka. EPA
  • Natalia and her daughter climb a ladder, passing over a destroyed bridge in Kyiv. EPA
    Natalia and her daughter climb a ladder, passing over a destroyed bridge in Kyiv. EPA
Drishyam 2

Directed by: Jeethu Joseph

Starring: Mohanlal, Meena, Ansiba, Murali Gopy

Rating: 4 stars

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.”

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

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Updated: April 22, 2022, 10:09 PM