Human-induced climate change has worsened an “exceptional” three-year drought that has spanned areas of Syria, Iraq and Iran, a study has said.
Since 2020, a region encompassing the Euphrates and Tigris rivers, as well as Iran, has experienced unusually low rainfall and persistent heat, which have led to a severe drought in a region highly dependent on wheat farming.
By September 2022, the drought had displaced nearly two million people from rural areas in Syria.
Rana El Hajj, of the Red Cross Red Crescent Climate Centre, said the drought has had “dire consequences” on the livelihoods and health of people living in Iran, Syria and Iraq.
“Farmers have witnessed fertile lands dry up and millions of people have struggled to access clean water. Land degradation, desertification, water stress and conflict have all contributed to increasing vulnerability to drought," she said.
“In Syria and Iraq, the impacts of conflict and security concerns have greatly reduced people’s ability to respond to the drought.”
Scientists from Iran, the Netherlands, the UK and the US, led by the World Weather Attribution Group, set about finding out to what extent human-induced climate change played a role in the drought, in a world that has already warmed by 1.2°C.
They found high temperatures, driven by climate change, made the drought much more likely to happen – about 25 times more likely in Syria and Iraq, and 16 times more likely in Iran.
The heat accelerated the evaporation of water from soil and plants, making the drought much more severe. But it did not appear to have an impact on rainfall.
The scientists concluded that the drought, the second worst on record which was classed as “extreme” on the US Drought Monitor scale, was driven by soaring temperatures.
“We find that over the [Euphrates and Tigris] basin the likelihood of such a drought occurring has increased by a factor of 25 compared to a 1.2°C cooler world. Over Iran the likelihood of such a drought occurring has increased by a factor of 16 compared to a 1.2°C cooler world,” it said.
“To understand the meteorological drivers behind this change in agricultural drought we also analysed rainfall and temperature separately and found there to be little change in the likelihood and intensity of rainfall but a very large increase in temperature.
“We thus conclude that this strong increase in drought severity is primarily driven by the very strong increase in extreme temperatures due to the burning of fossil fuels.”
In the present climate, events of the drought’s severity are expected to occur at least every decade.
But the authors warn unless the world stops burning fuels, droughts like the one affecting the region will become even more common in the future.
“In a world 2°C warmer than pre-industrial an event like this would be an exceptional drought, the worst category possible,” they say.
Ben Clarke, researcher at the Grantham Institute, Imperial College London's climate change and environment hub, said: “Prolonged heat, driven by climate change, is playing a crucial role in droughts around the world.”
He added: “Attribution studies are showing us that even if climate change doesn’t have a significant influence on low levels of rainfall, higher temperatures are turning many droughts into extreme events.”
The world's warmest October was recorded this year, according to the EU's climate monitor, which said 2023 was "near certain" to be the hottest on record.
Data released by the Copernicus Climate Change Service (C3S) showed an average surface air temperature across the planet of 15.3°C for the month.
This is 0.4°C warmer than the previous global record for October set in 2019 and 1.7°C warmer than the pre-industrial average, between 1850 and 1900.
Recent research by Imperial College found the window to limit global warming to 1.5°C is closing.
The team issued the warning after analysing the global carbon budget, which calculates how much carbon dioxide can be emitted into the atmosphere while keeping temperature rises within certain limits.
The study, published in Nature Climate Change, shows that if carbon emissions remain at 2022 levels of about 40 gigatonnes a year, the carbon budget will be exhausted by about 2029, committing the world to warming of 1.5°C above pre-industrial levels.
Climate tipping points – in pictures
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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Results
5.30pm: Maiden (TB) Dh82,500 (Turf) 1,400m; Winner: Mcmanaman, Sam Hitchcock (jockey), Doug Watson (trainer)
6.05pm: Handicap (TB) Dh87,500 (T) 1,400m; Winner: Bawaasil, Sam Hitchcott, Doug Watson
6.40pm: Handicap (TB) Dh105,000 (Dirt) 1,400m; Winner: Bochart, Fabrice Veron, Satish Seemar
7.15pm: Handicap (TB) Dh105,000 (T) 1,200m; Winner: Mutaraffa, Antonio Fresu, Musabah Al Muhairi
7.50pm: Longines Stakes – Conditions (TB) Dh120,00 (D) 1,900m; Winner: Rare Ninja, Royston Ffrench, Salem bin Ghadayer
8.25pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m; Winner: Alfareeq, Antonio Fresu, Musabah Al Muhairi
9pm: Handicap (TB) Dh105,000 (T) 2,410m; Winner: Good Tidings, Antonio Fresu, Musabah Al Muhairi
9.35pm: Handicap (TB) Dh92,500 (T) 2,000m; Winner: Zorion, Abdul Aziz Al Balushi, Helal Al Alawi
WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
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INVESTMENT PLEDGES
Cartlow: $13.4m
Rabbitmart: $14m
Smileneo: $5.8m
Soum: $4m
imVentures: $100m
Plug and Play: $25m
The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
COMPANY%20PROFILE
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
FA CUP FINAL
Manchester City 6
(D Silva 26', Sterling 38', 81', 87', De Bruyne 61', Jesus 68')
Watford 0
Man of the match: Bernardo Silva (Manchester City)
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
The specs
Engine: 2.5-litre, turbocharged 5-cylinder
Transmission: seven-speed auto
Power: 400hp
Torque: 500Nm
Price: Dh300,000 (estimate)
On sale: 2022
Farage on Muslim Brotherhood
Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
Tips for taking the metro
- set out well ahead of time
- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines
- enter the right cabin. The train may be too busy to move between carriages once you're on
- don't carry too much luggage and tuck it under a seat to make room for fellow passengers