• An aerial view shows the Hadarat bridge across the Euphrates river that is witnessing a sharp decrease in water levels, in Nassiriya on February 26, 2023. - Iraq's Tigris and Euphrates rivers have witnessed a sharp decrease in water levels in the south of the country, officials said, pledging to take urgent measures to ease shortages in the parched country. (Photo by Asaad NIAZI / AFP)
    An aerial view shows the Hadarat bridge across the Euphrates river that is witnessing a sharp decrease in water levels, in Nassiriya on February 26, 2023. - Iraq's Tigris and Euphrates rivers have witnessed a sharp decrease in water levels in the south of the country, officials said, pledging to take urgent measures to ease shortages in the parched country. (Photo by Asaad NIAZI / AFP)
  • Iraqi officials have pledged to take urgent measures to ease shortages in the parched country. AFP
    Iraqi officials have pledged to take urgent measures to ease shortages in the parched country. AFP
  • Water levels of the Tigris and Euphrates rivers — the headwaters of which originate in Turkey — have plunged 30 per cent in recent days, Iraq’s Ministry of Water Resources says. AFP
    Water levels of the Tigris and Euphrates rivers — the headwaters of which originate in Turkey — have plunged 30 per cent in recent days, Iraq’s Ministry of Water Resources says. AFP
  • The fish farming pond in the Euphrates River in Najaf. Reuters
    The fish farming pond in the Euphrates River in Najaf. Reuters
  • A shepherd watches his buffalos cool off in the scarce waters of Diyala River, east of Baghdad, in June 2022. EPA
    A shepherd watches his buffalos cool off in the scarce waters of Diyala River, east of Baghdad, in June 2022. EPA
  • A bridge spans the Tigris river near the Makhoul dam site, in northern Iraq's Salaheddine province. AFP
    A bridge spans the Tigris river near the Makhoul dam site, in northern Iraq's Salaheddine province. AFP
  • A boat lies on the dried out shore of the Euphrates river, near Qere Qozaq, controlled by Kurdish-led Syrian Democratic Forces, in October 2022. Reuters
    A boat lies on the dried out shore of the Euphrates river, near Qere Qozaq, controlled by Kurdish-led Syrian Democratic Forces, in October 2022. Reuters
  • This Tigris river in the village of Bajid Kandala, 50km west of the northern Iraqi city of Dohuk. AFP
    This Tigris river in the village of Bajid Kandala, 50km west of the northern Iraqi city of Dohuk. AFP

Tigris and Euphrates river levels plummet in Iraq


Robert Tollast
  • English
  • Arabic

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.

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Results

5pm: Maiden (PA) Dh80,000 (Turf) 2,200m; Winner: Gurm, Antonio Fresu (jockey), Eric Lemartinel (trainer)

5.30pm: Handicap (PA) Dh80,000 (T) 1,600m; Winner: Al Nafece, Al Muatasm Al Balushi, Mohammed Ramadan

6pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,200m; Winner: Ashton Tourettes, Adrie de Vries, Ibrahim Aseel

6.30pm: Arabian Triple Crown – Group 3 (PA) Dh300,000 (T) 2,200m; Winner: Ottoman, Adrie de Vries, Abdallah Al Hammadi

7pm: Liwa Oasis – Group 2 (PA) 300,000 (T) 1,400m; Winner: Hakeemat Muscat, Szczepan Mazur, Ibrahim Al Hadhrami

7.30pm: Handicap (TB) Dh80,000 (T) 1,600m; Winner: Ganbaru, Antonio Fresu, Musabah Al Muhairi

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

The Case For Trump

By Victor Davis Hanson
 

UAE currency: the story behind the money in your pockets
Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

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The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills

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.”

First Person
Richard Flanagan
Chatto & Windus 

Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

MEYDAN CARD

6.30pm Maiden Dh165,000 (Dirt) 1,600m

7.05pm Conditions Dh240,000 (D) 1,600m

7.40pm Handicap Dh190,000 (D) 2,000m

8.15pm Handicap Dh170,000 (D) 2,200m

8.50pm The Entisar Listed Dh265,000 (D) 2,000m

9.25pm The Garhoud Sprint Listed Dh265,000 (D) 1,200m

10pm Handicap Dh185,000 (D) 1,400m

 

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6.30pm Majestic Thunder

7.05pm Commanding

7.40pm Mark Of Approval

8.15pm Mulfit

8.50pm Gronkowski

9.25pm Walking Thunder

10pm Midnight Sands

Student Of The Year 2

Director: Punit Malhotra

Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal 

1.5 stars

Updated: February 26, 2023, 4:56 PM