Guests attend the International Desalination Association World Congress in Dubai yesterday.
Guests attend the International Desalination Association World Congress in Dubai yesterday.
Guests attend the International Desalination Association World Congress in Dubai yesterday.
Guests attend the International Desalination Association World Congress in Dubai yesterday.

Desalination task force to focus on pollution


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DUBAI // Desalination experts yesterday announced the formation of a task force to study the environmental impact of the process, which produces fresh water from salt water. The move came on the opening day of a congress in Dubai organised by the International Desalination Association (IDA).

One of the key questions under consideration at the IDA World Congress, which runs until Thursday at Atlantis, The Palm, and is the industry's biggest annual event, will be how to combat the environmental impact of the process. "It is important for us to be vigilant, and also address the issue from a technological and management perspective so we can make sure we produce desalinated water with little negative environmental consequences," said the IDA's president, Lisa Henthorne. The new task force is likely to have a core membership of 12 people, according to the IDA, and will evaluate current practices, measure environmental impacts and suggest guidelines and monitoring procedures for the authorities. A meeting on the specific make-up of the group will take place during the five-day congress.

Desalination, an energy-intensive process in which salts are removed from seawater to produce potable water, has been instrumental in securing dependable supplies in arid countries. But the technology comes with drawbacks: desalination plants require significant energy, and pollute the marine environment with hot, hyper-saline and chemical-rich outflow that is discharged back into the ocean. The task force initiative was welcomed by the Bahraini minister of electricity and water, Fahmi al Jowder, who, in his opening speech yesterday, extended an invitation to the team to hold its first official meeting in Bahrain next year.

Mr al Jowder also said if Bahrain's demand for power and desalinated water continued to grow at its current rate, natural gas requirements for the sector would almost double within a decade. He added that governments should look more closely at the issues surrounding the pollution caused by desalination. "There is a necessity of having strict legislation on the quality control of effluents into the sea."

Other high-ranking government officials also flagged up the need for better water management. "Global water demand has increased sixfold in the last century," said Abdullah al Hussayen, Saudi Arabia's minister of water and electricity. "Water will be the resource that defines the 21st century." The UAE Minister of Environment and Water, Dr Rashid bin Fahad, said the UAE relies on desalination for 98 per cent of its water needs.

Most of its water and electricity is generated using natural gas. The heat emitted in that process is reused to heat seawater, which in turn is leached of salts through distillation. Another method to desalinate water involves passing seawater under pressure through a series of fine filters. The process, known as "reverse osmosis", requires less energy than thermal methods. The IDA World Congress will feature 26 technical sessions at which 240 papers will be presented. Many will cover issues targeted at the "greening" of the industry, such as the use of solar and renewable energy in desalination plants, marine environment-friendly intake and outflow systems, increased efficiency, and hybrid plants, which feature both thermal and reverse osmosis technologies.

However, the congress heard desalination remains vital for countries where fresh water is scarce. One of the Arab world's most prominent scientists, Dr Farouk el Baz, the director of remote sensing at Boston University, yesterday backed the industry after he was presented with the IDA World Water Masters Award. He has used satellite data to pinpoint underground aquifers in Egypt, Saudi Arabia and the UAE and is now working on a similar project in Darfur, Sudan, where he believes water scarcity is at the heart of the current bitter armed conflict.

"Many of the world's groundwater resources are saline," he said in his acceptance speech. "That is why we emphasise desalination as an important industry for the future." vtodorova@thenational.ae

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.”

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The specs

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Power: 180hp at 5,500rpm

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Transmission: 5-speed sequential auto

Price: From Dh139,995

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UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP

Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan

Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri

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WRESTLING HIGHLIGHTS
RESULT

Valencia 3

Kevin Gameiro 21', 51'

Ferran Torres 67'

Atlanta 4

Josip Llicic 3' (P), 43' (P), 71', 82'

The Rub of Time: Bellow, Nabokov, Hitchens, Travolta, Trump and Other Pieces 1986-2016
Martin Amis,
Jonathan Cape

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6.30pm: Maiden Dh165,000 2,000m - Winner: Powderhouse, Sam Hitchcott (jockey), Doug Watson (trainer)

7.05pm: Handicap Dh165,000 2,200m - Winner: Heraldic, Richard Mullen, Satish Seemar

7.40pm: Conditions Dh240,000 1,600m - Winner: Walking Thunder, Connor Beasley, Ahmed bin Harmash

8.15pm: Handicap Dh190,000 2,000m - Winner: Key Bid, Fernando Jara, Ali Rashid Al Raihe

8.50pm: The Garhoud Sprint Listed Dh265,000 1,200m - Winner: Drafted, Sam Hitchcott, Doug Watson

9.25pm: Handicap Dh170,000 1,600m - Winner: Cachao, Tadhg O’Shea, Satish Seemar

10pm: Handicap Dh190,000 1,400m - Winner: Rodaini, Connor Beasley, Ahmed bin Harmash

BUNDESLIGA FIXTURES

Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

 

 

Tamkeen's offering
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