Water 'essential' to UAE security



An adequate supply of clean, fresh water is vital to the security of the UAE and the entire MENA region, according to the director of the Abu Dhabi-based Arab Water Academy. "Water security means also food security, energy, climate change. It is tightly linked to crucial security issues," says Dr Asma el Kasmi, the first director of the two-year-old academy. "This region will be the most strongly hit by the effects of climate change on water. If we do nothing, it's not only the problems of the water manager, it will really affect overall security."

Yet the UAE, which is one of the world's most arid countries, holds the dubious distinction of being among the biggest per capita water users and the leading per capita consumer of bottled water. Both statistics are troubling to Dr el Kasmi, a Moroccan scientist who earned PhDs from French and US universities and was a chemistry professor before applying her intellect to solving regional water problems.

In this latest chapter of a wide-ranging career, she is in charge of teaching officials from the MENA region and industry executives how to implement programmes for using water more efficiently and why it matters. "It's not only about being able to take a shower. We have four times the people in the region dying from diarrhoea than in the Caribbean and Latin America," Dr el Kasmi says. The UAE's profligate use of water is linked to the recent construction boom. Mixing cement consumes plenty of expensively desalinated water, as does keeping luxury villas cool and lush gardens green. It is agriculture, however, which consumes two thirds of the water used in Abu Dhabi, the largest emirate.

Farmers whose wells run dry get desalinated water at heavily subsidised rates that do not encourage conservation. Moreover, many farmers here are sceptical about using recycled wastewater for irrigation, fearing the practice could contaminate crops with pathogens or toxic chemicals, or destabilise soil structure. Such potential problems can be overcome by modern water-treatment systems. The nation's officials do not need convincing of this. When it comes to the importance of water conservation, they are supportive. "We need to convince [people] that water here isn't a free resource. It's not even a natural resource, it's man-made. It is costly, and it has a big environmental impact," Mohammed Daoud of Abu Dhabi's Environment Agency recently told Reuters.

Dr el Kasmi believes that could hinge on changing social attitudes by talking to the people in charge of household water decisions. "It is lack of awareness," she says. "People don't think it's up to them. They think water conservation should be up to the government or the companies. "People can't be blamed for not following best practices if you don't show them what is available. We need the knowledge to provide people with the tools with which to act."

As the chairwoman of a UNESCO committee on water, women and decision power, Dr el Kasmi earlier worked with village women in Morocco and other MENA countries, showing them how their families could benefit from water recycling and conservation programmes. "Many girls don't go to school because they have to fetch water," she says. "Therefore women should be associated with power of decision. It is important to get them more into the planning of water allocation."

Other researchers have reached the same conclusion. In the remote town of Tannoura in Lebanon's Bekaa valley, it was the local women who persuaded their husbands to contribute to a fund to meet the town's 10 per cent share of financing for an International Development Research Centre grey water recycling programme to provide irrigation for vegetable gardens. Grey water is the wastewater from household activities such as washing and laundry.

"The arrival of the grey water treatment-and-use-project in the town, in early 2006, was praised by all the residents and especially the women, since they are in charge of water management in the houses," wrote Nadine el Hajj in a report on the project. "They felt that the used water could be allocated for irrigation, would improve food security, and most importantly would save them trips for hauling water from the polluted town spring."

Dr el Kasmi was asked to head the Arab Water Academy after she had taught courses in the UAE on women's leadership in water management and on water governance. "We have very high hopes in what the academy could accomplish," she says. "We are getting involved in a full programme in water diplomacy in co-operation with the Arab League." One of her tenets is that if you solve a problem on a small scale, the success can be replicated and eventually adopted at higher levels.

"Recycling technology is not new. The region has been looking into these mechanisms for 10 to 20 years, but the problem is the application and acceptance by the population," Dr el Kasmi says. And on drinking bottled water when ultra-pure desalinated water is available from the tap: "This brings me back to the role of women. The water is in the house, but education still is needed. I drink the tap water in the UAE."

tcarlisle@thenational.ae

Apple's Lockdown Mode at a glance

At launch, Lockdown Mode will include the following protections:

Messages: Most attachment types other than images are blocked. Some features, like link previews, are disabled

Web browsing: Certain complex web technologies, like just-in-time JavaScript compilation, are disabled unless the user excludes a trusted site from Lockdown Mode

Apple services: Incoming invitations and service requests, including FaceTime calls, are blocked if the user has not previously sent the initiator a call or request

Connectivity: Wired connections with a computer or accessory are blocked when an iPhone is locked

Configurations: Configuration profiles cannot be installed, and the device cannot enroll into mobile device management while Lockdown Mode is on

The specs

Engine: Single front-axle electric motor
Power: 218hp
Torque: 330Nm
Transmission: Single-speed automatic
Max touring range: 402km (claimed)
Price: From Dh215,000 (estimate)
On sale: September

Saturday's schedule at the Abu Dhabi Grand Prix

GP3 race, 12:30pm

Formula 1 final practice, 2pm

Formula 1 qualifying, 5pm

Formula 2 race, 6:40pm

Performance: Sam Smith

COMPANY PROFILE

Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

Company Profile

Company name: myZoi
Started: 2021
Founders: Syed Ali, Christian Buchholz, Shanawaz Rouf, Arsalan Siddiqui, Nabid Hassan
Based: UAE
Number of staff: 37
Investment: Initial undisclosed funding from SC Ventures; second round of funding totalling $14 million from a consortium of SBI, a Japanese VC firm, and SC Venture

A Cat, A Man, and Two Women
Junichiro
Tamizaki
Translated by Paul McCarthy
Daunt Books 

So what is Spicy Chickenjoy?

Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
 

WHAT MACRO FACTORS ARE IMPACTING META TECH MARKETS?

• Looming global slowdown and recession in key economies

• Russia-Ukraine war

• Interest rate hikes and the rising cost of debt servicing

• Oil price volatility

• Persisting inflationary pressures

• Exchange rate fluctuations

• Shortage of labour/skills

• A resurgence of Covid?

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

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.”