Police are dealing with more protests in the southern Iraqi city of Basra. AFP
Police are dealing with more protests in the southern Iraqi city of Basra. AFP
Police are dealing with more protests in the southern Iraqi city of Basra. AFP
Police are dealing with more protests in the southern Iraqi city of Basra. AFP

Iraqis protest over power cuts for third straight day as temperature exceeds 50°C


Mina Aldroubi
  • English
  • Arabic

Iraqis on Monday protested for the third consecutive day against power cuts, water shortages and poor water quality in the south as temperatures soared above 50°C across the country.

The blackout was caused by the failure of a power line and a fire at a power plant, which affected southern provinces and the oil-rich city of Basra. Groups of young Iraqis set fire to tyres to block roads as they demanded the return of electricity to the city.

Power was reportedly restored in some districts of the port city by Monday afternoon.

Basra Governor Asaad Al Eidani said the third power cut in a short space of time was "due to a fire at Khor Al Zubayr station".

Khor Al Zubayr produces up to 500 megawatts of Basra's 3,000MW electricity demand.

Mr Al Eidani said the fire was put out and the damage repaired.

The country's Electricity Ministry last week announced a state of "general alert" in the face of rising temperatures, as it predicted an increase in demand for services.

Basra was not the only governorate to be affected, but it has the highest concentration of residents and some of the worst access to services in the south of the country.

In Najaf, the local authorities said on Monday that electricity shortages had caused problems pumping water for domestic supply, a long-term issue in many Iraqi cities where water and sewage treatment systems rely on power from the national grid.

At the weekend, protesters tried to storm one of Basra's largest power plants after the blackout and similar protests were reported near power stations in nearby Maysan province.

The ministry said the power cuts were due to "unprecedented high temperatures".

Blackouts in Iraq often happen at the height of summer when demand increases by up to 10 gigawatts.

Iraq produces about 23 gigawatts of power, but demand in the summer is thought to exceed 30 gigawatts.

The harsh environment affects equipment running at maximum capacity, which can also contribute to power cuts.

Defects in the transmission and distribution network can also contribute to blackouts, while less power reaches homes owing to Iraq's ageing electricity grid.

Anger over power cuts has previously resulted in mass demonstrations that at times turned deadly as protesters clashed with security forces.

For years, Basra has been the site of violent protests.

In late 2019, more than 500 people were killed during months of anti-government demonstrations that erupted under former prime minister Adel Abdul Mahdi, affecting Baghdad and southern towns including Basra.

The previous year, protests erupted in Basra after 100,000 people fell ill after heavily polluted saline water was distributed for domestic use.

Protesters were mostly young Iraqis who were unarmed.

Since the US-led invasion in 2003, the country has faced regular summer power cuts, a situation exacerbated by years of conflict that followed the invasion.

On Monday, Shiite cleric and political leader Moqtada Al Sadr called on Iraqi protesters to unite to support reform and improve services. This call included secular demonstrators who suffered in the 2019 crackdowns — known as the Tishreen, or "October" movement after the month they took to the streets — to his own devout followers.

Both the Sadrists and Tishreen protesters had been aligned before, but the cleric's loyalists later attacked protest camps in Najaf in February 2020, killing seven people.

The compounding, linked crises Iraq faces in summer show no sign of abating amid a 10-month political standoff that has delayed the formation of a new national government.

Iraq is ranked as one of the world’s five most vulnerable nations to the effects of climate change.

In recent months, a series of sandstorms swept across the country and thousands of people were taken to hospital with respiratory problems.

The Uefa Awards winners

Uefa Men's Player of the Year: Virgil van Dijk (Liverpool)

Uefa Women's Player of the Year: Lucy Bronze (Lyon)

Best players of the 2018/19 Uefa Champions League

Goalkeeper: Alisson (Liverpool)

Defender: Virgil van Dijk (Liverpool)

Midfielder: Frenkie de Jong (Ajax)

Forward: Lionel Messi (Barcelona)

Uefa President's Award: Eric Cantona

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

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Neo%20Mobility%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20February%202023%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Abhishek%20Shah%20and%20Anish%20Garg%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Delta%20Corp%2C%20Pyse%20Sustainability%20Fund%2C%20angel%20investors%3C%2Fp%3E%0A

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.”

TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel

Updated: August 08, 2022, 3:15 PM