• The water level of the Darbandikhan Dam in north-east Iraq has fallen by 7. 5 metres in a year, with officials blaming neighbouring Iran. All photos: AFP
    The water level of the Darbandikhan Dam in north-east Iraq has fallen by 7. 5 metres in a year, with officials blaming neighbouring Iran. All photos: AFP
  • Iraqi officials warned of a drastic drop in the flow of water in a river from Iran due to low rainfall and dam-building in the Islamic Republic.
    Iraqi officials warned of a drastic drop in the flow of water in a river from Iran due to low rainfall and dam-building in the Islamic Republic.
  • The Sirwan River begins in Iran then flows to Iraq's Darbandikhan Dam before going through the rural province of Diyala and joining the Tigris.
    The Sirwan River begins in Iran then flows to Iraq's Darbandikhan Dam before going through the rural province of Diyala and joining the Tigris.
  • Rahman Khani, the dam's director, said there had been an "unprecedented decline" in water levels.
    Rahman Khani, the dam's director, said there had been an "unprecedented decline" in water levels.
  • Mr Khani said the dam had received 900 million cubic metres of water this year, a fraction of the annual average of 4.7 billion cubic metres.
    Mr Khani said the dam had received 900 million cubic metres of water this year, a fraction of the annual average of 4.7 billion cubic metres.
  • Aoun Thiab, a senior adviser at Iraq's water ministry, said Iran was "violating international law by diverting a river flow".
    Aoun Thiab, a senior adviser at Iraq's water ministry, said Iran was "violating international law by diverting a river flow".

Iraq’s water reserves fall 50 per cent after river diversions and dry spell


Sinan Mahmoud
  • English
  • Arabic

Iraq’s water reserves are down by half from a year ago because of poor rainfall and restricted flows in its two main rivers, the Ministry of Water Resources said on Thursday.

But the reserves will be enough to meet the demand for drinking water and for irrigating orchards and seasonal crops, the ministry’s adviser, Aoun Diab, said.

“Based on the data we have, Iraq is going to face a severe summer as the water reserves are still modest in spite all efforts made by the official parties,” Mr Diab told Iraqi media.

He blamed the low precipitation levels in the 2021 rainy season and in the spring, in addition to the trickle of river water flowing from Turkey and Iran.

“All that has left the water reserves at barely 50 per cent compared to last year,” he said.

About 90 per cent of the water feeding Iraq’s two main rivers, the Tigris and Euphrates, originates in Turkey or Iran. Turkey is building several dams, while Iran has diverted tributaries that feed the Tigris.

For decades, Iraq has failed to convince both countries to reach agreements on how to ensure a fair share of water. Both argue that they, too, suffer from scarcity of water and that Iraq follows outdated irrigation methods.

A Turkish delegation is expected to visit Baghdad soon to discuss the water crisis, Mr Diab said.

Last year, the Water Resources Ministry said The Tigris and Euphrates could run dry by 2040 because of dwindling water levels and climate change.

Iraq is one of the most vulnerable countries to the effects of climate change, partly because of its water insecurity. Baghdad signed up to the Paris climate accord last year

Below-average rainfall, insufficient supply and mismanagement have left the war-torn country dry for years, wrecking expanses of arable land, affecting drinking water and increasing the frequency of dust storms.

For the past few weeks, Iraq has been hit by a string of dust storms. They have put hundreds in hospital and caused flights to be cancelled or delayed.

Amid the crippling water shortage, Iraq decided in October to halve its cultivation area for winter crops.

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The specs
  • Engine: 3.9-litre twin-turbo V8
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  • Torque: 760nm
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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

The Saudi Cup race card

1 The Jockey Club Local Handicap (TB) 1,800m (Dirt) $500,000

2 The Riyadh Dirt Sprint (TB) 1,200m (D) $1.500,000

3 The 1351 Turf Sprint 1,351m (Turf) $1,000,000

4 The Saudi Derby (TB) 1600m (D) $800,000

5 The Neom Turf Cup (TB) 2,100m (T) $1,000,000

6 The Obaiya Arabian Classic (PB) 2,000m (D) $1,900,000

7 The Red Sea Turf Handicap (TB) 3,000m (T) $2,500,000

8 The Saudi Cup (TB) 1,800m (D) $20,000,000

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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.”

The schedule

December 5 - 23: Shooting competition, Al Dhafra Shooting Club

December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq

December 11 - 20: Dates competition, from 4pm

December 12 - 20: Sour milk competition

December 13: Falcon beauty competition

December 14 and 20: Saluki races

December 15: Arabian horse races, from 4pm

December 16 - 19: Falconry competition

December 18: Camel milk competition, from 7.30 - 9.30 am

December 20 and 21: Sheep beauty competition, from 10am

December 22: The best herd of 30 camels

Updated: April 21, 2022, 5:13 PM