The dried-up bed of the Kullal River in the city of Badrah in Iraq. AFP
The dried-up bed of the Kullal River in the city of Badrah in Iraq. AFP
The dried-up bed of the Kullal River in the city of Badrah in Iraq. AFP
The dried-up bed of the Kullal River in the city of Badrah in Iraq. AFP

Iraq to take steps to tackle water scarcity, says PM Al Sudani


Sinan Mahmoud
  • English
  • Arabic

Iraqi Prime Minister Mohammed Shia Al Sudani said on Monday that new measures tackling devastating water scarcity in the country will be introduced soon.

The UN classifies the oil-rich nation as the fifth most vulnerable country in the world to climate change.

Its severe water crisis has been gradually worsening for decades, negatively affected by climate change, mismanagement and pollution.

During a TV show that allows people in the streets to talk to the Prime Minister on the phone, a man desperately appealed for water.

“We’ve come here to Baghdad because of the hardships we’ve seen in our areas due to lack of water,” the man, who identified himself as a farmer from Al Musayyab area south of Baghdad, told Mr Al Sudani.

“Even there is no water to drink or to use for washing. We dig wells but they are salty and our children are getting sick. At least, we need water to drink.

“There is no water and we are here to work as construction workers. Finding work here is not easy and we have families to feed.

“What can we do? There is no water, and we can’t find work here. Where should we go? We have no salary and no pension, we depend only on agriculture.”

Mr Al Sudani replied by saying the government had “solutions”.

“You know we have a problem for water,” the Prime Minister said. “The water we had this summer hardly met the demand for drinking.

“Yes, there is a problem and in God's willing we have solutions that we are working on and will announce them soon.”

Iraq’s two main sources of water, the Tigris and Euphrates rivers, which account for more than 90 per cent of the country’s reserves, have significantly declined over the years.

Construction of dams and diversion of water upstream in Turkey and Iran has exacerbated the crisis.

Decades of war and conflict have damaged or completely destroyed the country's infrastructure, leading to water losses and inefficient distribution.

Desertification affects 39 per cent of the country and 54 per cent of its agricultural land has been degraded, mainly due to soil salinity caused by historically low water levels in the two rivers, reduced rainfall and the rise in sea levels.

What can we do? There is no water, and we can’t find work here. Where should we go?
Iraqi farmer

Appeal for support

On Saturday, Minister of Water Resources Aoun Diab Abdullah warned that “we are going through the worst year in Iraq’s history in terms of both water coming from neighbouring countries or the reserves in the dams”.

“We are in a very hard situation,” Mr Abdullah told Iraqi News Agency.

Over the past few months, Iraqi authorities removed abuses of the rivers, mainly the construction of illegal inland fisheries and the use of large pumps that have deprived many areas of water, mainly those in the south of the country.

Mr Abdullah said they are optimistic that this winter will be a wet one.

Addressing the UN General Assembly on Friday, Mr Al Sudani asked the international community for more support to tackle the crisis to guarantee the sustainability of water.

He called for the establishment of an integrated mechanism to manage cross-border water resources and to address the effects of droughts.

Iraq, often referred to as the cradle of civilisation, is experiencing its worst drought in decades, he said, noting it “must not be allowed to die of thirst”.

Known in ancient times as Mesopotamia or the Land Between the Two Rivers, Iraq was at the heart of a region called the Fertile Crescent. It is also said to have been the site of the biblical Garden of Eden.

Mr Al Sudani also called for establishing a regional group comprising Gulf states, including Iraq and Iran, because “these are the states that will be disproportionately subject to temperature rise”.

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Engine 4.0-litre twin-turbo V8

Transmission Seven-speed automatic

Power 510hp @ 5,500rpm

Torque 700Nm @ 1,750rpm

Fuel economy, combined 9.2L / 100km

The five pillars of Islam

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3. Hajj 

4. Shahada 

5. Zakat 

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

BANGLADESH SQUAD

Mashrafe Mortaza (captain), Tamim Iqbal, Liton Das, Soumya Sarkar, Mushfiqur Rahim (wicketkeeper), Mahmudullah, Shakib Al Hasan (vice captain), Mohammad Mithun, Sabbir Rahaman, Mosaddek Hossain, Mohammad Saifuddin, Mehidy Hasan Miraz, Rubel Hossain, Mustafizur Rahman, Abu Jayed (Reporting by Rohith Nair in Bengaluru Editing by Amlan Chakraborty)

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.”

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Aahid Al Khalediah II, Pat Cosgrave (jockey), Helal Al Alawi (trainer)

5.30pm: Handicap (PA) Dh80,000 (T) 2,200m; Winner: Whistle, Harry Bentley, Abdallah Al Hammadi

6pm: Wathba Stallions Cup - Maiden (PA) Dh70,000 (T) 1,600m; Winner: Alsaied, Szczepan Mazur, Ibrahim Al Hadhrami

6.30pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Mumayaza, Antonio Fresu, Eric Lemartinel

7pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi

7.30pm: President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Richard Mullen, Jean de Roualle

8pm: President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Medahim, Richard Mullen, Satish Seemar

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Neil Thomson – THE BIO

Family: I am happily married to my wife Liz and we have two children together.

Favourite music: Rock music. I started at a young age due to my father’s influence. He played in an Indian rock band The Flintstones who were once asked by Apple Records to fly over to England to perform there.

Favourite book: I constantly find myself reading The Bible.

Favourite film: The Greatest Showman.

Favourite holiday destination: I love visiting Melbourne as I have family there and it’s a wonderful place. New York at Christmas is also magical.

Favourite food: I went to boarding school so I like any cuisine really.

Racecard

7pm: Abu Dhabi - Conditions (PA) Dh 80,000 (Dirt) 1,600m

7.30pm: Dubai - Maiden (TB) Dh82,500 (D) 1,400m

8pm: Sharjah - Maiden (TB) Dh82,500 (D) 1,600m

8.30pm: Ajman - Handicap (TB) Dh82,500 (D) 2,200m

9pm: Umm Al Quwain - The Entisar - Listed (TB) Dh132,500 (D) 2,000m

9.30pm: Ras Al Khaimah - Rated Conditions (TB) Dh95,000 (D) 1,600m

10pm: Fujairah - Handicap (TB) Dh87,500 (D) 1,200m

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

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Updated: September 25, 2023, 3:00 PM