Heavy rains have left parts of New Delhi underwater. Reuters
Heavy rains have left parts of New Delhi underwater. Reuters

How to prepare for floods and extreme weather



17 July, 2023

On the first Monday of July, the world recorded the hottest day, at 17.01°C.

The previous record of 16.92°C was recorded in 2016. As alarming as that July 3 milestone was, the very next day it was even hotter, at 17.18°C, and global temperatures remained at that historic record high for a third consecutive day, on that Wednesday.

The rising heat is one of several aspects of extraordinary and extreme weather events around the world – heatwaves in Southern Europe, wildfires or floods – that have begun to occur with a frequency that no longer qualifies as unusual. It is this very recurrence that needs to be planned for and mitigated by countries globally.

The destruction that such weather events wreak on people, on their livelihoods, to the land and to entire economies is difficult to come back from. Pakistan, for example, knows this all too well, having suffered catastrophic losses in the floods last year that claimed 1,700 lives and stretched the public system.

Rebuilding cities, towns, healthcare systems, schools and the reconstruction of homes can take years, straining government budgets and ultimately slowing national growth and progress.

In recent weeks, there has been enormous flood-related destruction in disparate regions of South Asia. Parts of northern India have been deluged, with thousands of people evacuated from low-lying areas and 90 people reportedly dead.

The rising waters of the Yamuna River, which passes through the Indian capital, breached its highest flood level mark, sombrely altering the landscape. Evidence of extensive damage is plentiful, and the sight of submerged vehicles have become common in more than one part of the continent. In South Korea, for example, eight people have been trapped in a tunnel and the death toll due to days of torrential downpours has reached 35.

It would have been higher in many of the worst-affected areas if not for the swift and co-ordinated efforts from the natural disaster response and recovery teams. Commendable as they have been, however, they are inadequate to cope with increasingly severe and frequent meteorological events that scientists have been warning about.

Investment and planning are necessary not just for countries to cope with the immediate aftermath of extreme weather disasters, but towards rebuilding cities and infrastructure to make them climate resilient, thereby minimising damage and securing as many lives and livelihoods over the longer term.

More countries can perhaps take a leaf out of the Netherlands’s playbook. Despite the precariousness of its topography – 50 per cent of the country is below sea level – it took preventive measures after the flood of 1953, which was the worst natural disaster to befall it. This approach has held its people and Dutch infrastructure in good stead. The Netherlands has kept flood management and mitigation strategies central to its sustainable urban planning – a lesson that other geographically vulnerable countries can study and apply in their own specific circumstances.

Even as it is not the only factor, the occurrence of extreme weather remains linked to climate change. Other man-made factors such as real estate and infrastructure development projects in areas prone to landslides are also to blame in the cases of houses being washed away in floods. But often, and increasingly so, the overlap between climate change and extreme weather is strong.

With just a few months left before the UAE hosts the climate summit Cop28, these extreme weather events are important reminders that countries must do everything in their capacity to achieve their climate targets, as the Cop28 President-designate Dr Sultan Al Jaber has called for.

It has been well documented that there is no viable alternative but to limit carbon emissions, invest in nature and climate solutions and prevent the average global temperature rising more than 1.5°C above pre-industrial levels. Failing to do so would be disastrous. That much is evident from the events we're seeing occur with frightening regularity around the world, leaving no hemisphere unaffected.

'Gold'

Director:Anthony Hayes

Stars:Zaf Efron, Anthony Hayes

Rating:3/5

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

ALRAWABI SCHOOL FOR GIRLS

Creator: Tima Shomali

Starring: Tara Abboud, Kira Yaghnam, Tara Atalla

Rating: 4/5

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

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Coming soon

Torno Subito by Massimo Bottura

When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.

Akira Back Dubai

Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as,  “an innovative Japanese cuisine prepared with a Korean accent”.

Dinner by Heston Blumenthal

The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems. 

Aggro Dr1ft

Director: Harmony Korine
Stars: Jordi Molla, Travis Scott
Rating: 2/5

The Old Slave and the Mastiff

Patrick Chamoiseau

Translated from the French and Creole by Linda Coverdale

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.”

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

Law 41.9.4 of men’s T20I playing conditions

The fielding side shall be ready to start each over within 60 seconds of the previous over being completed.
An electronic clock will be displayed at the ground that counts down seconds from 60 to zero.
The clock is not required or, if already started, can be cancelled if:
• A new batter comes to the wicket between overs.
• An official drinks interval has been called.
• The umpires have approved the on field treatment of an injury to a batter or fielder.
• The time lost is for any circumstances beyond the control of the fielding side.
• The third umpire starts the clock either when the ball has become dead at the end of the previous over, or a review has been completed.
• The team gets two warnings if they are not ready to start overs after the clock reaches zero.
• On the third and any subsequent occasion in an innings, the bowler’s end umpire awards five runs.

SPECS

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Power: 366hp
Torque: 550Nm
Transmission: Six-speed auto
Price: From Dh360,000
Available: Now

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

The biog

Name: Fareed Lafta

Age: 40

From: Baghdad, Iraq

Mission: Promote world peace

Favourite poet: Al Mutanabbi

Role models: His parents 

The specs

Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 7-speed dual-clutch auto
Fuel consumption: 10.5L/100km
On sale: Now
Price: From Dh129,999 (VX Luxury); from Dh149,999 (VX Black Gold)

Updated: July 21, 2023, 11:59 AM