AMMAN // For weeks now, a rubber hose fixed to a pierced hole in a mains pipe that feeds water to a number of villages about 40km south of Amman has been diverting much of the water away to a nearby farm.
Most passers-by are oblivious of the hose, which is surrounded by a puddle where dribbles of water escape through a gap between the nozzle and the hole in the pipe.Others, instead of reporting a complaint to the water ministry, fill small containers from the run-off, drinking it or using it to wash their cars. Some shepherds herd their sheep there to drink from it.
This apparent act of water theft is a growing practice in Jordan, where thieves siphon off thousands of litres of government water each year to irrigate their farmlands and greenhouses.
In one of the world's most water-scarce nations, 42 per cent of water is lost annually, and theft is partly to blame. Leakages and worn out pipes also play their part.
Although it is difficult to measure how much water is stolen, officials say it is a major problem facing the country, interrupting water supplies and depriving citizens of their share of water.
"Water loss is not only due to problems in the grid but also because some consumers tamper with water meters and sell water in tanks," the minister of water, Mohammad Najjar, told reporters this month.
In Amman alone, where three million people, or half of the population, live, water loss is estimated at 35 per cent, while in some parts of the kingdom it is as high as 65 per cent, official figures show.
Citizens' complaints about interrupted water supplies are not uncommon in a country suffering from a huge water shortage and poor management of what supplies exist. This shortage has been exacerbated by the arrival of 500,000-700,000 refugees from the 2003 Iraq war, an annual population growth of 2.3 per cent and massive infrastructure projects.
Ground water depletion, according to The Economist, has cost Jordan 2.1 per cent of its gross domestic product in recent years - the highest level for any country in the Middle East and North Africa.
There have been efforts to rein in water loss, which has dropped in Amman in recent years to 35 per cent from 54 per cent in 1999, according to the state-run Jordan Water Company, or Miyahuna, which is in charge of managing the capital's water. But tackling water theft remains a daunting task.
What complicates matters is that the law is soft on water theft: penalties include fines and the reduction of water supplies to offenders. Moreover, in a few instances, those trying to prevent theft were unable to carry out their job because they faced resistance from locals.
"Retired officers working with us went to a farm stealing water, but were held at gun point," one water ministry official said.
Saad Abu Hammour, the acting executive director of Miyahuna, said the company receives about 700 complaints of water theft each month.
"We lose 45 million cubic metres annually and in part it is because of water theft. Water loss is very costly. One per cent of water loss costs us between 600,000 dinars to 800,000 dinars [Dh3.1 million to Dh4.1m]," he said at a press conference this month. "Water theft ? has become technical and difficult to expose ? The [laws] in place do not help us deter thieves."
The government says it intends to clamp down on water theft.
"There are continuous campaigns to crack down on any illegal consumption of water or any tampering with water metres," said Adnan Zoubi, a spokesman for the ministry of water. "We will enforce stricter measures that will include increasing fines on violators."
But because so much of the theft occurs in rural areas, it is difficult to monitor.
"There is more water theft in the eastern parts of the kingdom where some farmers illegally drill water wells, taking advantage of lax government supervision," said Dureid Mahasneh, a water expert wh o used to work at the minstry.
"And if the wells are licensed, they tamper with the meters and do not report the exact amounts of water consumed."
smaayeh@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.”
Wenger's Arsenal reign in numbers
1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.
Naga
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
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Company Profile
Company name: Big Farm Brothers
Started: September 2020
Founders: Vishal Mahajan and Navneet Kaur
Based: Dubai Investment Park 1
Industry: food and agriculture
Initial investment: $205,000
Current staff: eight to 10
Future plan: to expand to other GCC markets
Pox that threatens the Middle East's native species
Camelpox
Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.
Falconpox
Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.
Houbarapox
Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.
The specs
Engine: 3.0-litre six-cylinder MHEV
Power: 360bhp
Torque: 500Nm
Transmission: eight-speed automatic
Price: from Dh282,870
On sale: now
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
COMPANY%20PROFILE
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