• 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.

First Person
Richard Flanagan
Chatto & Windus 

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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

Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

Dubai World Cup nominations

UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer

USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.

Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

Updated: February 26, 2023, 4:56 PM