As the mercury inched its way towards 47ºC on Monday in Khadhra, a small village in Tunisia's central Kairouan governorate, Afaf, a mother of four, could only lie still in the shade and wait for the heat to break. Her husband, a day labourer who works in the fields around the village, had just returned from hours in the scorching heat picking melons.
"We don't even have a fan," she said, soaked in sweat.
Her family are among the millions of Tunisians facing a crippling heatwave without the means to stay cool. This week, cities and towns across the country reported record-breaking temperatures of nearly 50ºC while wildfires raged across the north-west.
A damning new report on climate change from the UN said heat crises like these would continue. Warming across the Mediterranean will be about 20 per cent higher than global averages in the decades to come, the report said.
The assessment from the Intergovernmental Panel on Climate Change (IPCC) details the ways the Mediterranean's more than half-a-billion inhabitants face "highly interconnected climate risks," like drought, wildfires, and endangered food production. It called the region a "climate change hot spot".
In the fields around Afaf's home, vegetables withered in the heat and a orchard of pistachio trees stood leafless and dead in the dusty soil.
The UN report predicts that temperatures across the Mediterranean are likely to rise faster than global averages in the coming decades, putting enormous strain on agriculture and, by extension, the economies of countries in the region.
Tunisia allots much of its most valuable agricultural land to crops it exports, such as strawberries. The increasing heat is putting those crops under threat.
Currently, 71 per cent of the Mena region's gross domestic product is exposed to high or very high water stress, the UN report said.
With the number of hot days and heatwaves increasing along with average daily temperatures, more and more Tunisians are reliant on air conditioners to stay cool. But for many, particularly in the country's interior, air conditioners and the energy needed to run them are an unattainable luxury.
Afaf's husband makes 12 dinars (about $4.30) a day in the fields. Air conditioners, which are subject to high import taxes, can cost anywhere between 1,000 and 5,000 dinars.
"Although heat is rising for everybody, those who are going to be disproportionately impacted are labourers who are working outside," said Harpreet Kaur Paul, a climate justice researcher at the University of Warwick's Law School.
"These people – migrant workers, those with zero-hour contracts – are often already disadvantaged."
For those who have air conditioners, energy consumption is becoming burdensome. Electricity prices have increased in recent years, despite being subsidised by the government, and a 2019 survey found that about a third of Tunisians listed electricity as the heaviest burden on their household budget.
Ms Paul said solutions for heat relief exist, if governments were willing to invest. She pointed to the development of passive housing standards, designed to create homes that are "efficient, affordable, comfortable and ecological".
A combination of technologies such as solar panels and harnessing ground heat, along with new materials that are more ecologically friendly, could cut energy costs in homes by up to 90 per cent, she said.
"But, of course, it is costly. The technology is out there, it’s just lacking regulation and financing to enable more distributed investment," she said.
The years Ramadan fell in May
Three ways to limit your social media use
Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.
1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.
2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information.
3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.
Company%20Profile
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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
Stage seven
1. Tadej Pogacar (SLO) UAE Team Emirates, in 3:20:24
2. Adam Yates (GBR) Ineos Grenadiers, at 1s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 5s
General Classification
1. Tadej Pogacar (SLO) UAE Team Emirates, in 25:38:16
2. Adam Yates (GBR) Ineos Grenadiers, at 22s
3. Pello Bilbao (ESP) Bahrain-Victorious, at 48s
The specs: 2019 Haval H6
Price, base: Dh69,900
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Seven-speed automatic
Power: 197hp @ 5,500rpm
Torque: 315Nm @ 2,000rpm
Fuel economy, combined: 7.0L / 100km
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%3Cul%3E%0A%3Cli%3EInform%20your%20doctor%20about%20your%20plans.%C2%A0%3C%2Fli%3E%0A%3Cli%3EAsk%20about%20your%20treatment%20so%20you%20know%20how%20it%20works.%C2%A0%3C%2Fli%3E%0A%3Cli%3EPay%20attention%20to%20your%20health%20if%20you%20travel%20to%20a%20hot%20destination.%C2%A0%3C%2Fli%3E%0A%3Cli%3EPlan%20your%20trip%20well.%C2%A0%3C%2Fli%3E%0A%3C%2Ful%3E%0A
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Super 30
Produced: Sajid Nadiadwala and Phantom Productions
Directed: Vikas Bahl
Cast: Hrithik Roshan, Pankaj Tripathi, Aditya Srivastav, Mrinal Thakur
Rating: 3.5 /5
ASIAN%20RUGBY%20CHAMPIONSHIP%202024
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence