A boy walks on the dried-up bed of a section of Iraq's southern marshes of Chibayish in Dhi Qar province. AFP
A boy walks on the dried-up bed of a section of Iraq's southern marshes of Chibayish in Dhi Qar province. AFP
A boy walks on the dried-up bed of a section of Iraq's southern marshes of Chibayish in Dhi Qar province. AFP
A boy walks on the dried-up bed of a section of Iraq's southern marshes of Chibayish in Dhi Qar province. AFP

Iraq will only be able to meet 15% of its water needs by 2035, UN official warns


Adla Massoud
  • English
  • Arabic

Iraq will only be able to meet 15 per cent of its water demands by 2035 if current trends continue, a top UN official said on Thursday, warning that water scarcity has become the country's most critical environmental issue.

The dire situation is made worse by the fact that 90 per cent of Iraq's rivers are contaminated, leaving seven million people struggling to gain access to clean water.

“This is a significant multiplier of threats to Iraq's stability,” Jeanine Hennis-Plasschaert, special representative of the UN Secretary General for Iraq, told the Security Council.

She stressed the need to view water as a collaborative concern among Iraq's neighbours, rather than as a resource to be competed for.

“If water is a competition, everyone loses,” she said, stressing that bold domestic actions and close regional co-operation offer the only winning solution.

Ms Hennis-Plasschaert said water represents “the most critical climate emergency for Iraq”.

“By 2035, it is estimated that Iraq will have the capacity to meet only 15 per cent of its water demands,” she added, as she urged the Iraqi government to intensify diplomacy with its neighbours on topics including water sharing, border security, trade and climate issues.

She also emphasised the significance of upholding the principles of sovereignty, territorial integrity and good neighbourliness for regional stability.

The UN has classified Iraq as one of the countries most affected by climate change, including drought.

The International Committee of the Red Cross and the Norwegian Red Cross jointly released a report on Thursday highlighting the urgent need for greater assistance in Iraq, Syria and Yemen.

The report emphasised how climate change and armed conflict have together triggered a dire humanitarian situation across the region.

According to the report, dozens of UN, World Bank and other multilateral funds have approved only 19 single-country projects in Iraq, Syria and Yemen as of January 2022.

It also revealed that the total amount disbursed to date was a mere $20.6 million, less than 0.5 per cent of the global expenditure on climate projects.

Anne Bergh, head of the Norwegian Red Cross, stressed the need for policymakers to directly address the region's climate challenges, expressing concern that current climate finance distributions largely exclude the most fragile and unstable areas.

“It’s clear from a humanitarian perspective that this must change,” Ms Bergh said.

Iraq’s deputy UN ambassador Sarhad Fattah underscored Baghdad’s keenness to engage in water diplomacy to secure the “legitimate right of Iraqis to their water share”.

In March, Iraq became the first country in the Middle East to join the UN Water Convention, which aims to ensure the sustainable use of water resources that flow across international borders.

A buffalo swims near fishing boats in Iraq's receding southern marshes in Dhi Qar province. AFP
A buffalo swims near fishing boats in Iraq's receding southern marshes in Dhi Qar province. AFP
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Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

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IF YOU GO
 
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The details: Access to the 2,900-metre elevation point at Mount Etna by cable car and 4x4 transport vehicle cost around €57.50 (Dh248) per adult. Entry into Teatro Greco costs €10 (Dh43). For more go to www.visitsicily.info

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Engine: 2.0-litre 4cyl turbo

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Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

THREE
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The Sky Is Pink

Director: Shonali Bose

Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf

Three stars

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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COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)

Date started: August 2021

Founder: Nour Sabri

Based: Dubai, UAE

Sector: E-commerce / Marketplace

Size: Two employees

Funding stage: Seed investment

Initial investment: $200,000

Investors: Amr Manaa (director, PwC Middle East) 

Updated: May 18, 2023, 5:56 PM