Iraq's Tigris and Euphrates rivers could run dry by 2040 because of declining water levels and climate change, a government report said on Thursday.
Over the years, the construction of dams in upstream Turkey, Syria and Iran has choked off some of the flow of the Tigris and Euphrates on which Iraq depends.
Climate change is contributing to temperatures increases and erratic rainfall, pushing the fear of water shortages in Iraq to new levels, it said.
“The rate of decline in water imports to Iraq has begun gradually and will decrease to 30 per cent by 2035,” the Ministry of Water Resources said.
The country’s water inflows during the summer are estimated to be about 40 billion cubic metres. A decrease in supply to 30 per cent of normal levels will result in Iraq receiving 11 billion cubic metres annually, the report said.
Iraq’s water consumption needs amount to 53 billion cubic metres annually, which means the deficit will increase to 80 per cent.
The country has been known as the land between the two rivers since the dawn of civilisation.
But the majority of the Iraq's water supply either originates from or passes through neighbouring states, which have limited its supplies over the years.
It has affected Iraq's agriculture and increased water pollution in most areas of the country.
Iraq’s growing population, mismanagement of water and climate change are also affecting Iraqis’ access to water.
Severe droughts will affect the country by 2025, the report said, with the Euphrates almost completely drying up towards the south, and the Tigris turning into a watercourse with limited resources.
“A strategic plan made by the Ministry of Water Resources identified measures to confront this deficit, which is the modernising and readjusting irrigation projects and systems, because the main consumer of water in Iraq is the agricultural sector,” said Aoun Diab, a ministry consultant.
The project must be implemented to “save and rationalise large amounts of water".
The cost of the project will amount to $50 billion to $70bn, which will take up to 2035 to complete to preserve the areas currently being cultivated, Mr Diab said.
However, the ministry does not have the financial resources to carry out this project, so a review will address the issue, he said.
Forced to leave ancestral lands
Last week, Minister of Water Resources Mahdi Rashid Al Hamdani predicted water shortages in the coming months, especially in the eastern province of Wasit.
Reports show that residents of several villages are preparing to move away from their ancestral lands because of the water scarcity and the unviability of the farms on which they depend.
“The impacts in Wasit have affected other governorates, such as the southern cities of Maysan, Dhi Qar and Basra,” Mr Al Hamdani said.
The “crisis of water scarcity is not to be dealt with by the ministry alone, but rather the whole country”, he said.
“Transgression has begun to appear again, and the largest of it is in Wasit, because it represents a crossroads for the flow of the Tigris River. Any transgression that occurs has a tangible impact and is reflected on Dhi Qar, Maysan and Basra,” he said.
The World Bank had warned Iraq that the water would not reach a third of the irrigated lands in 2050, if the temperature rose by 1ºC, as expected.
Iraq's government is currently dealing with political upheaval, security challenges, an economic crisis and disputes with neighbouring states, which have taken up most of its attention and resources.
Iraq is pushing Turkey and Iran for an agreement that guarantees its fair share of water, but no progress has been made.
The%20Letter%20Writer
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ABU%20DHABI%20CARD
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What to watch out for:
Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways
The hulls of three ships will be used for the roof
The hulls will painted to make the largest Italian tricolour in the country’s history
Several pillars more than 20 metres high will support the structure
Roughly 15 tonnes of steel will be used
Results
6pm: Dubai Trophy – Conditions (TB) $100,000 (Turf) 1,200m
Winner: Silent Speech, William Buick (jockey), Charlie Appleby
(trainer)
6.35pm: Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m
Winner: Island Falcon, Frankie Dettori, Saeed bin Suroor
7.10pm: UAE 2000 Guineas Trial – Conditions (TB) $60,000 (Dirt)
1,400m
Winner: Rawy, Mickael Barzalona, Salem bin Ghadayer
7.45pm: Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m
Winner: Desert Fire, Hector Crouch, Saeed bin Suroor
8.20pm: Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m
Winner: Naval Crown, William Buick, Charlie Appleby
8.55pm: Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m
Winner: Al Tariq, Pat Dobbs, Doug Watsons
9.30pm: Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m
Winner: Dubai Icon, Patrick Cosgrave, Saeed bin Suroor
THE%20STRANGERS'%20CASE
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Napoleon
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THE BIO
Age: 33
Favourite quote: “If you’re going through hell, keep going” Winston Churchill
Favourite breed of dog: All of them. I can’t possibly pick a favourite.
Favourite place in the UAE: The Stray Dogs Centre in Umm Al Quwain. It sounds predictable, but it honestly is my favourite place to spend time. Surrounded by hundreds of dogs that love you - what could possibly be better than that?
Favourite colour: All the colours that dogs come in
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Dolittle
Director: Stephen Gaghan
Stars: Robert Downey Jr, Michael Sheen
One-and-a-half out of five stars
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SPECS
Toyota land Cruiser 2020 5.7L VXR
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More on Quran memorisation:
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
Queen
Nicki Minaj
(Young Money/Cash Money)
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.”
Frankenstein in Baghdad
Ahmed Saadawi
Penguin Press