The floods that hit the Northern Emirates recently had tragic consequences, killing seven people and forcing thousands into temporary shelters.
In recent weeks other parts of the Middle East also faced the worst effects of flooding, including Iran, where at least 80 people were killed in late July.
This came only three years after heavy rains in southern Iran caused the deaths of 76 people and an estimated $2 billion worth of damage.
In parts of the Middle East and North Africa, rainfall is becoming concentrated in shorter bursts, even if overall levels are often decreasing, said Dr Nasser Karami, a researcher in Norway who analyses the region's climate.
Added to this, he said, are the effects of development, with buildings constructed in areas that are prone to flooding.
“So the possibility of floods occurring has increased, and the possibility of damage from floods has increased,” he said.
“Big damage from flooding in the Middle East previously was about once per 10 years. Now it's every year.”
Global issue
Look further afield and a similar picture is seen.
In Seoul, the South Korean capital, rain recently fell at the fastest rate since records began more than a century ago, killing 13 people, some of whom were trapped in basements.
Parts of the Philippines, including the capital, Manila, and the island of Cebu, have been under as many as 1.2 metres of water this month.
Meanwhile, Death Valley in California not long ago experienced, in just a few hours, 43mm of rainfall, almost as much as falls in an average year.
It is no wonder that palm trees were uprooted and dozens of cars were swept away and ended up partially buried in debris.
While extreme weather events and flooding are nothing new, experts say the disturbances caused by climate change mean they are happening more often.
One reason is that a warmer atmosphere holds more moisture: a 1°C average temperature rise increases the amount of moisture by about seven per cent.
“That's basic physics,” said Bob Ward, of the Grantham Research Institute on Climate Change and the Environment, part of the London School of Economics and Political Science.
“When it does rain, you tend to get heavier rainfall, which can lead to river flooding and surface-water flooding.”
As well as intensifying rainfall, climate change is causing some storms to move more slowly, so more rain falls on a particular area and flash floods become more likely.
Research published last year by Newcastle University and the University of Bristol in the UK suggested that “slow-moving intense rainstorms” could be 14 times more common in Europe by the end of the century if little was done to reduce emissions.
An unwelcome preview of this was seen in July 2021, when lingering storms meant that Germany, Belgium and other European nations suffered devastating flooding that killed nearly 250 people.
Multiple factors
There are many other ways in which floods are becoming more of a risk in particular environments.
In some mountainous regions, such as the Appalachians of eastern and north-eastern North America, several factors are at play.
As well as an upward trend in intensity, researchers have found that more precipitation is in the form of rain, which is more likely than snow to cause flooding.
In addition, wildfires are more frequent because of climate change, and they increase the risk of mudslides and debris flows when there is heavy rain.
Vulnerable seaside populations
For coastal areas, sea-level rises caused by climate change increase the risk of floods, especially due to storm surges. Building higher and stronger sea defences can protect some, but not all, areas.
“This may be economically viable where you have concentrations of population, such as cities,” Mr Ward said. “But in less populated areas there will have to be a calculation as to whether it's worth staying there or giving up coastal population to rising sea levels.
“There are many parts of the world where we're starting to get these conversations.”
Many coastal cities, such as New Orleans, Mumbai and Shanghai, are built on river deltas, which makes them especially vulnerable.
Cities are often at risk of flooding because large areas of the ground are made from impermeable materials that do not allow the water to soak in, but things can be done to make them more resilient.
Individual buildings can be protected by what the industry calls property flood resilience measures.
These may consist of aperture barriers, such as waterproof metal barriers in front of external doors, to prevent water entering.
Another approach is to design buildings in such a way that, if they are flooded, damage is reduced. Mr Ward highlights measures such as using tiles, which will not be spoilt if water gets into a room, and placing electrical sockets higher up. It may also be preferable for the electrics to run down from the ceiling rather than up from the ground.
On a wider level, and among many other measures, governments may have to invest in improved drainage systems so that, when rains come, more water escapes.
“You have cities like London with Victorian drainage, which cannot cope,” Mr Ward said. “You need to overhaul the drainage system.”
As the world struggles to meet greenhouse gas emission targets that would limit average temperature increases to 1.5°C above pre-industrial levels, a key goal of the 2015 Paris Agreement, extreme rainfall events are set to become ever more common, and sea levels are forecast to continue to rise.
“The climate is changing because we've altered the atmosphere in a way we haven't seen in more than one million years,” Mr Ward said. “There's going to be lots of nasty shocks because of this.”
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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.”
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
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Indika
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2018 ICC World Twenty20 Asian Western Sub Regional Qualifier
Event info: The tournament in Kuwait this month is the first phase of the qualifying process for sides from Asia for the 2020 World T20 in Australia. The UAE must finish within the top three teams out of the six at the competition to advance to the Asia regional finals. Success at regional finals would mean progression to the World T20 Qualifier.
UAE’s fixtures: Fri Apr 20, UAE v Qatar; Sat Apr 21, UAE v Saudi Arabia; Mon Apr 23, UAE v Bahrain; Tue Apr 24, UAE v Maldives; Thu Apr 26, UAE v Kuwait
World T20 2020 Qualifying process:
- Sixteen teams will play at the World T20 in two years’ time.
- Australia have already qualified as hosts
- Nine places are available to the top nine ranked sides in the ICC’s T20i standings, not including Australia, on Dec 31, 2018.
- The final six teams will be decided by a 14-team World T20 Qualifier.
World T20 standings: 1 Pakistan; 2 Australia; 3 India; 4 New Zealand; 5 England; 6 South Africa; 7 West Indies; 8 Sri Lanka; 9 Afghanistan; 10 Bangladesh; 11 Scotland; 12 Zimbabwe; 13 UAE; 14 Netherlands; 15 Hong Kong; 16 Papua New Guinea; 17 Oman; 18 Ireland
MATCH INFO
English Premiership semi-finals
Saracens 57
Wasps 33
Exeter Chiefs 36
Newcastle Falcons 5
Scores
Oman 109-3 in 18.4 overs (Aqib Ilyas 45 not out, Aamir Kaleem 27) beat UAE 108-9 in 20 overs (Usman 27, Mustafa 24, Fayyaz 3-16, Bilal 3-23)
The specs: 2018 Bentley Bentayga V8
Price, base: Dh853,226
Engine: 4.0-litre twin-turbo V8
Transmission: Eight-speed automatic
Power: 550hp @ 6,000pm
Torque: 770Nm @ 1,960rpm
Fuel economy, combined: 11.4L / 100km
Predictions
Predicted winners for final round of games before play-offs:
- Friday: Delhi v Chennai - Chennai
- Saturday: Rajasthan v Bangalore - Bangalore
- Saturday: Hyderabad v Kolkata - Hyderabad
- Sunday: Delhi v Mumbai - Mumbai
- Sunday - Chennai v Punjab - Chennai
Final top-four (who will make play-offs): Chennai, Hyderabad, Mumbai and Bangalore
Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding
Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.
Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.
Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.
For more details, email openminds@cultures.ae or visit www.cultures.ae