After weeks of scorching, dry weather, the inevitable wildfires arrived – bringing death, destruction and disruption across Europe and North Africa.
For almost two weeks, firefighters have battled blazes in Greece, Italy, Spain, Portugal, Croatia, Tunisia, Algeria. The list goes on.
Lives have been lost, properties destroyed, tourists sent home and businesses which rely on holidaymakers jeopardised.
“The really scary part is that the last fortnight of record heatwaves represented just 1.2°C increase in global warming,” says Prof Mark Maslin, an expert in Earth system science at University College London.
If the numbers tick up towards 1.5°C, the world is going to experience a whole new era of heat, wildfire and ruin, adds Maslin.
With July now expected to be the hottest month ever recorded, there is no greater hint that the world is alight under the impact of global warming – or “global boiling” as UN chief Antonio Guterres described it this week.
Southern Europe has experienced unprecedented conditions of searing heat, bringing the realities of climate change vividly home to the continent.
But what does this mean for the world? Will the impact be enduring or forgotten by the time the Cop28 climate conference begins in the UAE at the end of November?
Are there grounds for optimism or is the world galloping towards tipping points and out-of-control weather patterns?
And crucially, will people now be more willing to pay for green policies?
The National has spoken to scientists and analysts to understand the current global situation and what can be done.
Escape from Rhodes is alarm call
Thousands of tourists fleeing raging fires on the Greek island of Rhodes most graphically captured the impact of climate change on Europe.
Maslin says these 40°C heatwaves were not expected until 2050.
“But it’s happening now, and that's when climatologists like myself go, ‘Oh, this is bad’,” says Maslin.
“We have broken the temperature record for the whole planet with these incredible heatwaves in America, Europe and in China. Temperature records are falling all around the world.”
Scientists at the British Antarctic Survey have had a greater forewarning of impending climate catastrophe, having watched the ice retreat and southern oceans warm in the last two decades.
That has not made the impact of recent weeks any less daunting, says Dr Thomas Bracegirdle, the institute’s climate deputy science leader.
“For me as a scientist, the biggest thing is that what seemed abstract in the past is becoming a reality,” he tells The National.
“This is what we expected but it's now really happening and that still seems astonishing. We should definitely be concerned.”
El Nino awaits
If the summer heatwaves are largely forgotten come Cop28, then the effects of the El Nino weather pattern will almost certainly be felt.
“El Nino hasn't even started yet and it usually peaks around December time, adding maybe a degree to the earth’s temperature,” says Maslin.
“We add El Nino into the mix of current extreme weather that will exacerbate lots of things, causing droughts in Africa, floods in California and other extreme events.”
Maslin also warns of “rain bombs” in which there is more moisture in the atmosphere due to evaporation in a warmer planet. “So when the rains come, they're coming in much heavier, more intense.”
Severe floods in Pakistan last year exemplified this grim outcome, he says.
The link with climate change is that the frequency, severity and duration of heatwaves are not staying constant “but actually are increasing,” says Dr Carlo Buontempo, of the Copernicus Climate Change Service, the EU's Earth observation programme.
His words were reflected by a UK Met Office report on Thursday that stated the last two years of heatwaves – that pushed the UK past 40°C for the first recorded time – would be regarded as cool periods by the end of the century.
“You need to put these extreme events in the context of rapidly warming global climate and even faster warming climate for Europe,” says Buontempo.
“Some of these extreme events that we've seen around is the fact that the climate system is unequivocally warming everywhere.”
Paying for it
There is an argument that technology will resolve the challenges posed by climate change but the question remains over whether people are willing to pay for the major greening energy projects.
In England's recent Uxbridge by-election in west London, caused by disgraced former prime minister Boris Johnson quitting Parliament, the ruling Conservatives just held on to the seat, despite the unpopularity of the government.
This was widely seen as being largely because London’s Mayor Sadiq Khan, of the opposition Labour Party, had expanded the “ultra-low emissions zone” leading to more car-users paying to enter the capital.
That, says Alan Mendoza, of the Henry Jackson Society think tank, suggests a public reticence on financing change.
“It appears that when people realise they have to pay for it, they're perhaps less keen on dealing with the issue,” says Mendoza.
“With lengthy periods of intense heat becoming the norm, you would expect voters to notice firstly and secondly, tell governments they want something done about it.
“The difficulty is that climate change is something everyone wants to fight but not necessarily pay for.”
But Mendoza argues that “technological solutions could end up resolving this crisis for us” which required “a firm investment of time and money in particular making this a priority.
He adds: “It may well be that this is something that voters can very much get behind.”
Buontempo agrees that as a species humans have been “extremely good in solving incredibly complex problems and dealing with danger efficiently when we face it”.
Recent events should now act as a catalyst on how to combat global heating.
“Climate change is not happening in the abstract, it's not happening in the 25th century, it is happening to us now,” he says.
“I think that realisation may trigger a different reaction and as human beings we have that ability of facing massive challenge and finding solutions as we did for Covid.”
Greek Prime Minister Kyriakos Mitsotakis acknowledged on Thursday that Greece needed to take more steps to combat the effects of climate change, stressing the need to improve fire prevention further.
“The climate crisis may be a reality, but it cannot be an excuse,” said Mitsotakis.
“Our country ought to take more steps … to be ready to mitigate, as much as possible, the effects of a reality that we are already starting to feel, and that could have dramatic effects on many different aspects of our economic and social life,” he said.
Human cost
The human cost is likely to have the biggest impact on policy and perceptions.
Next week is the 20th anniversary of a heatwave that hit France killing more than 15,000 people – then recorded as the hottest in 500 years.
That record has now been exceeded in the last two years, with the 2022 heatwave resulting in an estimated 64,000 excess deaths.
“Unless humans rapidly stop burning fossil fuels and emitting greenhouse gases, these events will become even more common and hotter and longer lasting,” says Bracegirdle.
“If we act quickly and assertively then we can avoid the worst of what could happen. This is not a problem that is going to go away that’s for sure.
Buontempo argues that the “the best tool at our disposal is to get to net zero as quickly as we can – that's a fundamental”.
The heatwave had also demonstrated how “underprepared we may be for the different kind of climate impacts,” says Bernice Lee, of Chatham House think tank.
Key was not burning more fossil fuels “to keep ourselves cool” with air conditioning, she says. “What this heatwave teaches us is that we are that we need to prepare climate impacts.
Significance of Cop28
The growing evidence of climate change will have a significant impact on the key decisions made at the UN's two-week Cop28 summit, which begins in Expo City Dubai on November 30.
The intersection of scientists and world leaders will be critical in seeing if “global policymakers react to the evidence” says Buontempo.
“Having evidence-based policy is the best possible outcome and not hiding behind things that are not based on facts.”
Cop28 will be important “to focus on delivering what we promise” and getting the money to finance emissions reduction, says Lee. “But the political battles will scale up rather than down over resource allocation.”
By late November, July’s heatwave could well be forgotten, says Mendoza.
“We need to get a consensus going now in order to build the momentum, rather than wait until Cop28 because by then this may be a distant memory.”
What happens next?
Countries should band together and form a world climate crisis organisation akin to the World Health Organisation, to steer humanity through the unfolding disasters associated with the heating planet, one of the UK’s leading climate scientists says.
Sir David King, former UK chief scientific adviser and chairman of the Climate Crisis Advisory Group, says it is now “almost certain” that the global average temperature will rise to at least 2°C above pre-industrial levels, which scientists have warned could lead to further irreversible heating.
“In terms of a health crisis, such as the Covid crisis, we have a World Health Organisation and it’s based in Geneva and is part of the United Nations. We don’t have a world climate crisis organisation,” says King.
“That’s what we need, so that all countries of the world could come together through a body of this kind, as we do when there’s a health crisis, we all contribute to the cost of the WHO.
“We need a global system that pulls us all together to battle with this external threat to our manageable future.”
A rise in global temperatures above 1.5°C will likely initiate irreversible tipping points, such as melting of Greenland’s ice or releasing huge volumes of methane.
Above 2°C will see the number of “dangerous days”, with temperatures at 40°C almost throughout the year in the tropics and for entire seasons in the global north, a recent Chatham House conference on climate heard.
Other future dangers will be the prospect that nuclear power plants will not have water cold enough to cool reactors.
Similarly, heatwaves could induce droughts leading to a drop in water levels for hydroelectric plants taking away a renewable energy resource.
Aircraft will also find it difficult to take off in high heat as they require a certain air density, while runways, roads and railways could buckle under high temperatures.
Maslin also warns that the growing heat meant the number of days agricultural workers can operate outside will be reduced leading to a reduction in food supplies.
There is also the human element.
“We have to start realising that this dangerous weather is changing everything and our human bodies are not ready for it,” says Eleni Myrivili, the UN’s global chief heat officer.
Scoreline
Bournemouth 2
Wilson 70', Ibe 74'
Arsenal 1
Bellerin 52'
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
If you go...
Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).
UAE%20v%20West%20Indies
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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.”
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.
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
The National in Davos
We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
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
Four motivational quotes from Alicia's Dubai talk
“The only thing we need is to know that we have faith. Faith and hope in our own dreams. The belief that, when we keep going we’re going to find our way. That’s all we got.”
“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”
“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”
“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
FIGHT%20CARD
%3Cp%3E%3Cstrong%3EFeatherweight%204%20rounds%3A%3C%2Fstrong%3E%3Cbr%3EYousuf%20Ali%20(2-0-0)%20(win-loss-draw)%20v%20Alex%20Semugenyi%20(0-1-0)%3Cbr%3E%3Cstrong%3EWelterweight%206%20rounds%3A%3C%2Fstrong%3E%3Cbr%3EBenyamin%20Moradzadeh%20(0-0-0)%20v%20Rohit%20Chaudhary%20(4-0-2)%3Cbr%3E%3Cstrong%3EHeavyweight%204%20rounds%3A%3C%2Fstrong%3E%3Cbr%3EYoussef%20Karrar%20(1-0-0)%20v%20Muhammad%20Muzeei%20(0-0-0)%3Cbr%3E%3Cstrong%3EWelterweight%206%20rounds%3A%3C%2Fstrong%3E%3Cbr%3EMarwan%20Mohamad%20Madboly%20(2-0-0)%20v%20Sheldon%20Schultz%20(4-4-0)%3Cbr%3E%3Cstrong%3ESuper%20featherweight%208%20rounds%3A%3C%2Fstrong%3E%3Cbr%3EBishara%20Sabbar%20(6-0-0)%20v%20Mohammed%20Azahar%20(8-5-1)%3Cbr%3E%3Cstrong%3ECruiseweight%208%20rounds%3A%3C%2Fstrong%3E%3Cbr%3EMohammed%20Bekdash%20(25-0-0)%20v%20Musa%20N%E2%80%99tege%20(8-4-0)%3Cbr%3E%3Cstrong%3ESuper%20flyweight%2010%20rounds%3A%3C%2Fstrong%3E%3Cbr%3ESultan%20Al%20Nuaimi%20(9-0-0)%20v%20Jemsi%20Kibazange%20(18-6-2)%3Cbr%3E%3Cstrong%3ELightweight%2010%20rounds%3A%3C%2Fstrong%3E%3Cbr%3EBader%20Samreen%20(8-0-0)%20v%20Jose%20Paez%20Gonzales%20(16-2-2-)%3C%2Fp%3E%0A
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The specs
Engine: 4.0-litre V8
Power: 503hp at 6,000rpm
Torque: 685Nm at 2,000rpm
Transmission: 8-speed auto
Price: from Dh850,000
On sale: now