Initial results from Iraq’s national census showed the country’s population stood at 45.4 million, Prime Minister Mohammed Shia Al Sudani said.
Iraq conducted its first census in about four decades last week, a task that promised to deliver critical data to guide development and possibly redefine the country’s political and economic landscape. Mr Al Sudani said on Monday that the census showed that men make up half of the population, 70.3 per cent of the population live in rural areas, and 29.7 per cent live in the countryside. The population growth rate is 2.3 per cent.
Holding a census was a priority for Mr Al Sudani when he took office in October 2022. His government has sought to build on the current political stability and improved security nationwide to push for reforms and development projects, mainly in public services.
About 60.2 per cent of the population is aged between 15 and 65, or "of working age", he said. Those under 15 years old account for 36.1 per cent of the population, he added. An average Iraqi family comprises about five members, the results showed.
"We have accomplished a significant step within the framework of planning, development and advancement, following proper scientific methods," Mr Al Sudani said during the televised briefing, alongside Minister of Planning Mohammed Tamim and a UN Population Fund representative.
"It's a great national achievement," Mr Al Sudani said. "We affirm our commitment to continuing the development process aimed at transforming the reality of our current generation and future generations towards tangible and sustainable growth."
Mr Al Sudani said the initial results included foreign citizens and refugees, but did not provide a breakdown.
In a significant endorsement, the UNFP adviser in Iraq, Mahdi Al Alaq, said the census "proceeded smoothly and with a high level of transparency, the enumerators sent data through tablets directly without any interference".
The census was the first to use advanced technologies for gathering and analysing data, providing a comprehensive picture of Iraq’s demographic, social, and economic landscape, officials said. About 120,000 census workers surveyed households across the country, covering about 160 homes each over two days.
Iraq has carried out censuses since its first in 1920, the first being conducted by British authorities. After a fourth in 1947, the Iraqi monarchy established a law mandating a census every decade.
The census in 1987 was the last one that covered all of Iraq. The most recent in 1997 did not include the northern semi-autonomous Kurdish region, which had at the time acquired international protection after the Iraqi army was driven out of Kuwait in the 1991 Gulf War.
There were attempts to conduct a census after the 2003 US-led invasion that toppled Saddam Hussein, but political infighting over several issues, most notably tension over disputed territories, as well as security concerns, lack of funds and the Covid-19 pandemic led to it being delayed several times.
During the hiatus, the Central Organisation for Statistics and Information Technology – the Iraqi government's statistics agency – had been conducting estimates. According to their figures, the population stood at about 43 million, based mainly on an annual birth rate of between 850,000 and one million a year.
The next phase of the census will run over the coming weeks before final results, which will include more detailed information such as health, education, employment, economic status and disabilities. The final figures will be available up to three months later.
The results are crucial for determining parliamentary representation, budget allocations and the development of effective public policies in the country grappling with crumbling infrastructure, power cuts, water shortages and outdated roads.
Killing of Qassem Suleimani
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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Zayed Sustainability Prize
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
if you go
The flights
The closest international airport to the TMB trail is Geneva (just over an hour’s drive from the French ski town of Chamonix where most people start and end the walk). Direct flights from the UAE to Geneva are available with Etihad and Emirates from about Dh2,790 including taxes.
The trek
The Tour du Mont Blanc takes about 10 to 14 days to complete if walked in its entirety, but by using the services of a tour operator such as Raw Travel, a shorter “highlights” version allows you to complete the best of the route in a week, from Dh6,750 per person. The trails are blocked by snow from about late October to early May. Most people walk in July and August, but be warned that trails are often uncomfortably busy at this time and it can be very hot. The prime months are June and September.
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
THREE
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Our Time Has Come
Alyssa Ayres, Oxford University Press
COMPANY%20PROFILE
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The five pillars of Islam
Results
Ashraf Ghani 50.64 per cent
Abdullah Abdullah 39.52 per cent
Gulbuddin Hekmatyar 3.85 per cent
Rahmatullah Nabil 1.8 per cent
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey