Iran test-fires powerful ballistic missiles during war game


Robert Tollast
  • English
  • Arabic

Iran tested powerful ballistic and cruise missiles and drones during a five-day military exercise that began on Monday, state TV said.

The exercises are taking place at the same time as negotiations on a potential return to the 2015 nuclear deal, under which Iran allowed UN inspections of its nuclear programme in return for the easing of international sanctions.

  • Iranian soldiers fire a missile in Baluchestan, near the shore of the Sea of Oman, during a military exercise on November 8, 2021. Iranian Army via AFP
    Iranian soldiers fire a missile in Baluchestan, near the shore of the Sea of Oman, during a military exercise on November 8, 2021. Iranian Army via AFP
  • Iranian troops fire a Ghaidr missile during the second day of military exercise in the northern Sea of Oman, on November 8, 2021. Iranian Army via EPA
    Iranian troops fire a Ghaidr missile during the second day of military exercise in the northern Sea of Oman, on November 8, 2021. Iranian Army via EPA
  • Iranian Army and Air Force personnel work on missile air-defence systems during an exercise at an undisclosed site in Iran on October 21, 2021, when the country began a nationwide air force drill. Iranian Army via EPA
    Iranian Army and Air Force personnel work on missile air-defence systems during an exercise at an undisclosed site in Iran on October 21, 2021, when the country began a nationwide air force drill. Iranian Army via EPA
  • One week earlier, it had conducted a massive air defence exercise, state media reported. Iranian Army via EPA
    One week earlier, it had conducted a massive air defence exercise, state media reported. Iranian Army via EPA
  • Iranian Air Force personnel work on air defence missiles during a nationwide drill on October 21, 2021. Iranian Army via AP
    Iranian Air Force personnel work on air defence missiles during a nationwide drill on October 21, 2021. Iranian Army via AP
  • Iran holds a major air defence drill. In this image, made available on October 12, 2021, missiles are launched during a joint exercise between the Iranian Army and the country’s Islamic Revolutionary Guard Corps, in the desert of central Iran. Iranian Army via EPA
    Iran holds a major air defence drill. In this image, made available on October 12, 2021, missiles are launched during a joint exercise between the Iranian Army and the country’s Islamic Revolutionary Guard Corps, in the desert of central Iran. Iranian Army via EPA

Washington has in the past insisted that Iran's missile programmes be included in any nuclear negotiations, while UN Resolution 2231, which remains in force until 2023, places international sanctions on Iran's ballistic-missile programme.

"The use of ballistic missiles by the Revolutionary Guards' navy is a new concept ... and they hit their targets with 100 per cent precision," Islamic Revolutionary Guard Corps chief Gen Hossein Salami told state TV.

In January 2020, Iran fired a volley of at least 12 ballistic missiles at US bases in Iraq after the death of Iranian general Qassem Sulaimani in a US drone strike near Baghdad.

The accuracy of the missiles surprised some observers by hitting specific buildings on one of the US bases, Al Asad, injuring 100 American soldiers.

Previously, Iran's ballistic missiles were judged to have what military scientists call a "circular error probable" of 450 metres.

This means that they would typically land within 450 metres of a target. The attacks on Al Asad proved the weapons were considerably more accurate.

Iran also stands accused by the UN of firing cruise missiles at major oil infrastructure in Abqaiq, Saudi Arabia, in September 2019. A UN report said that "the cruise missiles and/or parts thereof used in the four attacks are of Iranian origin".

Iran says its ballistic missiles have a range of 2,000 km and are capable of reaching Israel and US bases in the region.

On Monday, Iran gave a warning of a "crushing" response to any move against it by Israel, which opposes efforts by world powers to revive the 2015 nuclear deal and has long threatened military action if diplomacy fails to prevent Tehran from acquiring a nuclear bomb. Iran says its nuclear ambitions are peaceful.

The Iranian military exercises also included the simultaneous firing of five cruise missiles and the launching of armed drones capable of hitting two targets each, Iranian media reported.

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New central waste facility on site at expo Dubai South area to  handle estimated 173 tonne of waste generated daily by millions of visitors

Recyclables such as plastic, paper, glass will be collected from bins on the expo site and taken to the new expo Central Waste Facility on site

Organic waste will be processed at the new onsite Central Waste Facility, treated and converted into compost to be re-used to green the expo area

Of 173 tonnes of waste daily, an estimated 39 per cent will be recyclables, 48 per cent  organic waste  and 13 per cent  general waste.

About 147 tonnes will be recycled and converted to new products at another existing facility in Ras Al Khor

Recycling at Ras Al Khor unit:

Plastic items to be converted to plastic bags and recycled

Paper pulp moulded products such as cup carriers, egg trays, seed pots, and food packaging trays

Glass waste into bowls, lights, candle holders, serving trays and coasters

Aim is for 85 per cent of waste from the site to be diverted from landfill 

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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Tuesday's fixtures
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Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm
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Updated: December 21, 2021, 5:21 PM