• A young boy untangles a fishing net as he stands in an almost dried up stream in Mishkhab, in Iraq's Najaf province on May 24, 2025, where years of drought have negatively affected the fauna and flora of the region. (Photo by Qassem al-KAABI / AFP)
    A young boy untangles a fishing net as he stands in an almost dried up stream in Mishkhab, in Iraq's Najaf province on May 24, 2025, where years of drought have negatively affected the fauna and flora of the region. (Photo by Qassem al-KAABI / AFP)
  • Ducks gather on a muddy spot as a water buffalo cools down in an almost dried up stream in Mishkhab, in Iraq's Najaf province on May 24, 2025, where years of drought have negatively affected the fauna and flora of the region. (Photo by Qassem al-KAABI / AFP)
    Ducks gather on a muddy spot as a water buffalo cools down in an almost dried up stream in Mishkhab, in Iraq's Najaf province on May 24, 2025, where years of drought have negatively affected the fauna and flora of the region. (Photo by Qassem al-KAABI / AFP)
  • Waterways in Mishkhab are more thoroughfares than sources of vital supplies as poor winter rains fail to replenish groundwater
    Waterways in Mishkhab are more thoroughfares than sources of vital supplies as poor winter rains fail to replenish groundwater
  • Children continued to play in the streams and rivers of Mishkhab despite nature's inability to provide them with adequate water
    Children continued to play in the streams and rivers of Mishkhab despite nature's inability to provide them with adequate water
  • As children who live by the rivers and streams of Mishkhab grow, so their natural heritage is depleted
    As children who live by the rivers and streams of Mishkhab grow, so their natural heritage is depleted
  • An almost dried-up stream flows between fields in Mishkhab, in Najaf province
    An almost dried-up stream flows between fields in Mishkhab, in Najaf province
  • Water buffalo cool down in a stream in Mishkhab
    Water buffalo cool down in a stream in Mishkhab

Iraq's water reserves fall by nearly half to lowest levels in 80 years


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Iraq's water reserves are at their lowest levels in 80 years after a dry rainy season, a government official said on Sunday, as its intake from the Tigris and Euphrates rivers shrinks.

Water is a major issue in a country of 46 million people undergoing a serious environmental crisis because of climate change, drought, rising temperatures and declining rainfall.

Authorities also blame upstream dams built in neighbouring Iran and Turkey for lowering the flow of the Tigris and Euphrates, which have irrigated Iraq for thousands of years.

Water buffalo find a spot to cool down in an almost dried-up stream in Mishkhab. AFP
Water buffalo find a spot to cool down in an almost dried-up stream in Mishkhab. AFP

“The summer season should begin with at least 18 billion cubic metres … yet we only have about 10 billion cubic metres,” Water Resources Ministry spokesman Khaled Shamal told AFP.

“Last year, our strategic reserves were better. It was double what we have now,” Mr Shamal said.

“We haven't seen such a low reserve in 80 years,” he added, which he said was mostly due to the reduced flow from the two rivers.

He said sparse rainfall this winter and low water levels from melting snow has worsened the situation in Iraq, considered by the United Nations to be one of the five countries most vulnerable to some effects of climate change.

Water shortages have forced many farmers in Iraq to abandon the land, and authorities have reduced farming activity to ensure sufficient supplies of drinking water.

Agricultural planning in Iraq always depends on water, and this year it aims to preserve “green spaces and productive areas” amounting to more than 1.5 million Iraqi dunams (375,000 hectares), said Mr Shamal.

Ducks gather on a muddy spot as a water buffalo cools down in Mishkhab. AFP
Ducks gather on a muddy spot as a water buffalo cools down in Mishkhab. AFP

Last year, authorities allowed farmers to cultivate 2.5 million dunams of corn, rice, and orchards, according to the Water Ministry.

Water has been a source of tension between Iraq and Turkey, which has urged Baghdad to adopt efficient water management plans.

In 2024, Iraq and Turkey signed a 10-year “framework agreement”, mostly to invest in projects to ensure better water resources management.

Watch: Parts of Iraq swelter in summer heat as temperatures peak at 49ºC

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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

TOURNAMENT INFO

Women’s World Twenty20 Qualifier

Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November

UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Name: Dhabia Khalifa AlQubaisi

Age: 23

How she spends spare time: Playing with cats at the clinic and feeding them

Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need

Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman

Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs 

Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Updated: May 29, 2025, 4:23 AM