Lake Habbaniyah, once a shimmering oasis of tranquillity and natural beauty west of Baghdad, has become a heartbreaking symbol of Iraq’s worsening drought and dwindling water supplies.
From 1970s to the 1990s, tourists flocked to the Habbaniyah resort to picnic under the shade of lush green trees, splash along the shores of the 140-square-kilometre lake, swim in its waters and ride boats across its vast expanse.
But over the past four years, the beloved escape from the scorching Iraqi summers has become a shadow of its former self. “Complete drought,” Ali Dawood, the Mayor of Habbaniyah told The National. “It [the water] became far from the beach. It was significantly affected in the past four years due to a drop in water levels,” Mr Dawood added.
Iraq has been experiencing its worst drought in decades, with temperatures exceeding 50°C in summer – mainly during the months of July and August. The country is ranked fifth on a list of countries most vulnerable to global warming, according to the UN. 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 river levels, rain scarcity and rising sea levels.
One of the most pressing issues is dwindling water flows in Iraq's main rivers, the Tigris and Euphrates, due to upstream dams in Turkey and Iran, mismanagement and environmental degradation. Decades of war and conflict have damaged the country's infrastructure, leading to water loss and inefficient distribution.
The fall in water levels at the lake, which is fed by the Euphrates River, has led to acute shortages of drinking water for the local communities living around it. As a consequence, local families have been forced to abandon their homes and seek refuge in other areas.
Today, the lake’s shores are completely dry and areas that were once covered with water have been replaced by sandy expanses dotted with sun-scorched scrub. As the lake is shrinking and no fresh water is coming from the Euphrates, the weeds are leaving a foul odour, Mr Dawood said.
The downturn in tourism has also dealt a blow to the local economy, he added. “We also have 3,953 acres designated for investment around Lake Habbaniyah, [but] many companies lost interest in investing when the water receded, and there was no desire for them to come,” he said.
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 uses outdated irrigation methods.
The flows in Tigris are considered at good levels thanks to increasing water reserves at dams after abundant rains last winter unlike the Euphrates, an issue that “has political dimensions related to Turkey's stance towards Qasad [US-backed, Kurdish-led Syrian Democratic Forces] and the Syrian government”, said Aoun Diab Abdullah, Minster of Water Resources, in December.
During a visit by Turkey's President Recep Tayyip Erdogan to Baghdad in April, the neighbouring countries signed several preliminary agreements in different areas. That included a 10-year agreement on management of water resources that aims to ensure Iraq gets fair share of water flowing to its two main rivers, the Tigris and the Euphrates, Iraqis Prime Minster said at the time.
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A list of the animal rescue organisations in the UAE
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J%20Street%20Polling%20Results
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The Bio
Favourite holiday destination: Either Kazakhstan or Montenegro. I’ve been involved in events in both countries and they are just stunning.
Favourite book: I am a huge of Robin Cook’s medical thrillers, which I suppose is quite apt right now. My mother introduced me to them back home in New Zealand.
Favourite film or television programme: Forrest Gump is my favourite film, that’s never been up for debate. I love watching repeats of Mash as well.
Inspiration: My late father moulded me into the man I am today. I would also say disappointment and sadness are great motivators. There are times when events have brought me to my knees but it has also made me determined not to let them get the better of me.
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
Herc's Adventures
Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5
THE BIO:
Sabri Razouk, 74
Athlete and fitness trainer
Married, father of six
Favourite exercise: Bench press
Must-eat weekly meal: Steak with beans, carrots, broccoli, crust and corn
Power drink: A glass of yoghurt
Role model: Any good man
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Mercedes-AMG GT 63 S E Performance: the specs
Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor
Power: 843hp at N/A rpm
Torque: 1470Nm N/A rpm
Transmission: 9-speed auto
Fuel consumption: 8.6L/100km
On sale: October to December
Price: From Dh875,000 (estimate)
Zayed Sustainability Prize
More on animal trafficking
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Read more about the coronavirus
The Bio
Name: Lynn Davison
Profession: History teacher at Al Yasmina Academy, Abu Dhabi
Children: She has one son, Casey, 28
Hometown: Pontefract, West Yorkshire in the UK
Favourite book: The Alchemist by Paulo Coelho
Favourite Author: CJ Sansom
Favourite holiday destination: Bali
Favourite food: A Sunday roast
Mohammed bin Zayed Majlis
Mohammed bin Zayed Majlis
MATCH INFO
Rajasthan Royals 158-8 (20 ovs)
Kings XI Punjab 143/7 (20 ovs)
Rajasthan Royals won by 15 runs
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
The bio
Academics: Phd in strategic management in University of Wales
Number one caps: His best-seller caps are in shades of grey, blue, black and yellow
Reading: Is immersed in books on colours to understand more about the usage of different shades
Sport: Started playing polo two years ago. Helps him relax, plus he enjoys the speed and focus
Cars: Loves exotic cars and currently drives a Bentley Bentayga
Holiday: Favourite travel destinations are London and St Tropez
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
First Person
Richard Flanagan
Chatto & Windus
RESULTS
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Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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.”