Of the many devastating knock-on effects of the war in Ukraine – in addition to the humanitarian crisis – chaos in global food markets is one that should particularly concern the Middle East. Instability in Ukraine can have a severe impact on the food supply chains of neighbouring regions. It is the fifth largest exporter of wheat, often described as the "breadbasket of Europe".
When Russia – the world's biggest exporter of wheat – is also thrown into turmoil, the situation gets even worse. Together, the two countries make up roughly a quarter of global exports. It is little surprise that wheat prices broke records on Thursday, when the invasion began.
With some of the world's largest government-subsidised food programmes, worst environmental crises and most food-stressed populations, many areas of the Middle East enter this uncertain period under-prepared. Having endured one of the hottest summers on record and plagued by water mismanagement, Iraq and Iran's ongoing struggle with desertification is deteriorating; the conflict in Yemen has pushed more than 5 million people to the brink of famine; corruption in Lebanon threatens its ability to export agricultural produce; eighty per cent of Egypt's wheat imports come from Russia and Ukraine.
There is much about the crisis that the region cannot control, particularly climate change, an issue that the whole world has to address. But there is vast potential for the situation to improve. Less than 5 per cent of the GCC's land is arable, but the region is still a centre for making strides in agri-tech. Last year, the UAE launched Food Tech Valley, a project that aims to develop and use modern techniques to both increase the country's food production and make agricultural technology a larger part of its economy. The value of the sector is expected to rise to $22 billion over the next three years.
While there is a concerted plan in most of the Gulf to tackle food security, so should there be for the wider Mena region. Tech can play an important part, as it does in the GCC, but simpler solutions should form the basis. Governments can support farmers by helping them to market their produce to foreign buyers, provide economic protection in tough harvests and work with industry and international organisations to educate farmers where necessary on water management and the transition from subsistence and resource-intensive methods to more sustainable forms.
Simple approaches will work for one key reason: nature has already gifted much of the region with excellent conditions. Farming, perhaps the most consequential invention in human history, began in the Middle East, specifically the area known as the Fertile Crescent, spanning eastern Egypt to southwestern Iran. Roughly 12,000 years later, today's crisis in the region's food supply should serve as a critical warning. From history to modernity, there are plenty of reasons why stressed areas of the Middle East should take longer-term approach to food security.
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Turkish Ladies
Various artists, Sony Music Turkey
The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
Seven tips from Emirates NBD
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4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
UAE currency: the story behind the money in your pockets
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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COMPANY PROFILE
Company name: Happy Tenant
Started: January 2019
Co-founders: Joe Moufarrej and Umar Rana
Based: Dubai
Sector: Technology, real-estate
Initial investment: Dh2.5 million
Investors: Self-funded
Total customers: 4,000
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House-hunting
Top 10 locations for inquiries from US house hunters, according to Rightmove
- Edinburgh, Scotland
- Westminster, London
- Camden, London
- Glasgow, Scotland
- Islington, London
- Kensington and Chelsea, London
- Highlands, Scotland
- Argyll and Bute, Scotland
- Fife, Scotland
- Tower Hamlets, London
AVOID SCAMMERS: TIPS FROM EMIRATES NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
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