Water levels of the Tigris and Euphrates rivers in Iraq — the headwaters of which originate in Turkey — have plunged 30 per cent in recent days, according to Iraq’s Ministry of Water Resources.
Iraq has long accused Turkey of holding back water in a network of giant dams, built between the 1970s and the present day. Since then, flows from both rivers have declined by about 40 per cent, cutting off a significant percentage of Iraq’s freshwater, although climate change has also been blamed for declines.
One of the largest of the dams on the Tigris, the Ilisu dam, can hold more than 10 billion cubic metres of water, while the river has an annual flow of around 27 billion cubic metres, although this varies dramatically in times of drought.
On the Euphrates, Turkey’s Attaturk dam has an even larger capacity of 27 billion cubic metres, approaching the volume of the river’s annual flow.
Turkey releases water through both dams, powering hydroelectric power stations, and claims the dams are important to preserve and regulate Iraq’s water supply, the majority of which comes from the two great rivers.
But critics of the dams point out the sharp drop in water flows from both rivers over the decades. Turkey also says Iraq’s dilapidated water infrastructure and wasteful flood irrigation for agriculture leads to unnecessary water losses, something the Iraqi government has acknowledged, while noting that Iraq is recovering from decades of conflict.
Iraq has also accused Iran of building dams on the tributaries of the Tigris, including vital rivers such as the Diyala river, which is dammed in Iran by the Daryan Dam, and the Lower Zaab river, which is dammed in Iran at Sardasht.
Images on social media taken in Nasiriyah in southern Iraq showed sections of the Tigris’ river bed visible in Dhi Qar province as well as in Maysan province, near Iran.
The water ministry blamed the situation in some southern provinces on “the low quantity of water reaching Iraq from neighbouring Turkey”.
“This has triggered a sharp drop in the country's water reserves,” it said in a statement.
Water ministry spokesman Khaled Chamal said on Sunday that Iraq was getting only 30 per cent of the water it expected from the Tigris and the Euphrates.
Authorities will increase levels by releasing water from Iraqi dams in the northern areas of Mosul, Dukan and Darbandikhan, he added, AFP reported on Sunday.
“There should be positive results within the next two days,” he said.
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
The cost of Covid testing around the world
Egypt
Dh514 for citizens; Dh865 for tourists
Information can be found through VFS Global.
Jordan
Dh212
Centres include the Speciality Hospital, which now offers drive-through testing.
Cambodia
Dh478
Travel tests are managed by the Ministry of Health and National Institute of Public Health.
Zanzibar
AED 295
Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.
Abu Dhabi
Dh85
Abu Dhabi’s Seha has test centres throughout the UAE.
UK
From Dh400
Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
How to become a Boglehead
Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.
• Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.
• Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.
• Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.
• Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.
• Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.
• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
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