Ukrainian president Petro Poroshenko, third left, and the head of Ukrainian General Staff Viktor Muzhenko, right of Poroshenko, visit the International Defence Exhibition and Conference. Mikhail Palinchak / AP Photo
Ukrainian president Petro Poroshenko, third left, and the head of Ukrainian General Staff Viktor Muzhenko, right of Poroshenko, visit the International Defence Exhibition and Conference. Mikhail PalinShow more

Idex 2015: Ukrainian and Russian big guns out in force to sell home-grown hardware



The sprawling military machines of Russia and Ukraine once counted on each other for the parts needed to assemble their armaments. Now everything has changed and the defence industries of the belligerents have become collateral damage in the conflict.

Both are adjusting by making more home-grown versions of the parts they once imported or sourcing from elsewhere among the former Soviet republics.

At the Idex military expo in Abu Dhabi, where the world’s biggest arms makers gather once every two years to display their wares, the pavilions of Russia and Ukraine are a safe distance apart.

A huge armoured car guards the Ukraine stand, while a tank is parked in front of the Russian pavilion as a former special forces soldier bedecked in combat fatigues displays the latest laser-sighted Kalashnikovs.

The big military exporting corporations of both countries have some of their most powerful weapons on display, along with some of the most powerful military figures in charge of making them.

Sergei Chemezov, a high-profile ally of the president Vladimir Putin and chief executive of the state-owned military corporation Rostec, heads up the Russian presence.

Roman Romanov, a former political campaigner for the Ukrainian president Petro Poroshenko, leads Ukraine’s military machine as the chief executive of Ukroboronprom.

Both men are overseeing the transformation of their arms industries as Russia seeks to offset the impact of sanctions, while Ukrainian manufacturers switch focus to provide the arms needed to defend the country’s borders, also attracting foreign investment into their industry.

“We had to change overnight,” recalls Nadiia Stechyshyna, an aide to Mr Romanov, describing how some of the country’s factories in the east of Ukraine were destroyed following the outbreak of violence last year. At the same time, it lost control of its marine assets in the Crimean Pensinsula.

The loss of those assets was a major blow for the company – if one that Mr Chemezov downplayed at a press conference this week.

“Those companies were half-dead,” he said in response to questions from The National. “They were mainly vessel-building and maintenance companies.”

Nonetheless, their loss is an added challenge for Ukraine’s depleted military machine as it balances the commercial demands of the company with the defence demands of the country.

“Our partners have been very understanding,” says Ukroboronprom’s Ms Stechyshyna. “Some of the contracts might have been delayed, but we completed our obligations. They understand there is a threat to our national security. Surely we have to intervene and work all the days and nights to get the soldiers what they need to fight and preserve their rights.”

scronin@thenational.ae

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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The specs
Engine: 2.0-litre turbo 4-cyl

Transmission: eight-speed auto

Power: 190bhp

Torque: 300Nm

Price: Dh169,900

On sale: now 

The specs: 2017 Porsche 718 Cayman

Price, base / as tested Dh222,500 / Dh296,870

Engine 2.0L, flat four-cylinder

Transmission Seven-speed PDK

Power 300hp @ 6,500rpm

Torque 380hp @ 1,950rpm

Fuel economy, combined 6.9L / 100km

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Ain Issa camp:
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  • Houses 13,309 people, 2,092 families, 62 per cent children
  • Of the adult population, 49 per cent men, 51 per cent women (not including foreigners annexe)
  • Most from Deir Ezzor and Raqqa
  • 950 foreigners linked to ISIS and their families
  • NGO Blumont runs camp management for the UN
  • One of the nine official (UN recognised) camps in the region
How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Primera Liga fixtures (all times UAE: 4 GMT)

Friday
Real Sociedad v Villarreal (10.15pm)
Real Betis v Celta Vigo (midnight)
Saturday
Alaves v Barcelona (8.15pm)
Levante v Deportivo La Coruna (10.15pm)
Girona v Malaga (10.15pm)
Las Palmas v Atletico Madrid (12.15am)
Sunday
Espanyol v Leganes (8.15pm)
Eibar v Athletic Bilbao (8.15pm)
Getafe v Sevilla (10.15pm)
Real Madrid v Valencia (10.15pm)