Manage water or face future shortages



In a comment piece for the Bahraini newspaper Al Wasat, Najeeb Musaab warned against future water shortages in the Arab world. "Arab counties are under a water stress line, and are likely to face by 2025 an acute scarcity." Consumption per capita in some Arab states is among the highest in the world. And most of the water supply available - 80 per cent - goes for irrigation.

This situation is worsened by a conflict between pressing economic development and scarce water resources. Many countries in the region have developed tourist facilities, such as golf courses, that consume more than existing capacities, with no guarantee for sustaining these projects in the future. Other factors such as population increase and a declining of water supply because of pollution and climatic change will add to the water crisis. What is more, most water resources derive form sources outside the region, and major groundwater basins are shared.

What is needed now is to innovate water desalination technology and massively treat used water. Other innovative methods should be adopted, such as collecting rainwater in artificial lakes in mountainous areas and on house rooftops. No less important, efficient irrigation should be introduced based more on production per each cubic metre of water rather than per hectare of land.

The blasts that rocked Iraqi streets this week raised many questions about their timing, goals and perpetrators, observed the Saudi newspaper Al Watan in its editorial. With the approach of the elections, the situation is getting worse, with a few glimmers of hope for future settlements of accumulated problems on many levels: political, social, economic, or security. The turn of events in Iraq seems to be intentionally planned for. Behind the attacks could stand foreign powers strongly wishing to impede the course of the political process or to steer it in favour of their affiliates.

At the heart of these incidents and the futile political debate among various political forces lies an attempt to exclude the most important element of the Iraqi political landscape: the Iraqi people. As differences deepen, it is likely that the Iraqi crisis will enter a deadlock, possibly sending the whole political process - already staggering - back to square one. To overcome mistrust between political forces, and to prevent further foreign meddling, Iraq needs to quickly come up with a formula for reconciliation based on boosting citizenship rights and defending the country's integrity. This can only be possible, of course, through fair and free elections that guarantee the participation of all Iraqis.

The Syrian president Bashar al Assad was successful in drawing a picture close to reality about political life in Israel in an interview with The New Yorker magazine, wrote Mazen Hammad in an opinion piece for the Qatari newspaper Al Watan. Mr al Assad described the current group of Israeli politicians as being "like children fighting each other, messing with the country. They do not know what to do." The Syrian president made a distinction between peace and a peace treaty, explaining that an peace accord consists of the terms you agree upon and sign, but peace describes a time when you enjoy normal relations. In this sense, "you start with a peace treaty in order to achieve peace."

So in order for Israelis and Syrians to attain these goals, Israel must give the Golan Heights back to prepare the way for a peace treaty the Israelis expect. In other words, pointed out Mr al Assad, one starts with land, and not with peace. The Syrian president also underscored the fact that the Israelis, during their assault on Gaza, aimed at destroying Hamas and empowering the president of the Palestinian Authority, but ultimately it turned out the other way around. Al Assad concluded that in today's world, nothing can protect and serve Israel's interests better than peace.

"The welcome scene of the Palestinian leader Nabil Shaath in Gaza, the meetings held there and the statements made during his visit all came to bring some comfort and the possibility to end the long-standing animosity between the two major Palestinian wings," observed the UAE newspaper Al Khaleej in its editorial.

~While Palestinians and Arabs may regard this visit as a breakthrough, there is a likelihood, however, that this cannot fall within the context of national reconciliation. It is feared to be a kind of public relations tactics to "beautify" the attitude of each faction. So the question arises: "Is there any genuine move to reach an agreement and then reconciliation?" It is hard to answer this question because statements by leaders from the West Bank about Hamas raise suspicions that their intentions are not for true national reconciliation.

One can ask whether Mr Shaath had a mandate for reconciliatory efforts from the Palestinian Authority and Fatah. And if all goes well, will the US and Israel allow this to happen? "For this reason, Shaath's visit to Gaza should be cautiously considered as a breakthrough and optimism should be kept at a rational degree." * Digest compiled by Mostapha Elmouloudi melmouloudi@thenational.ae

The Birkin bag is made by Hermès. 
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.

'Munich: The Edge of War'

Director: Christian Schwochow

Starring: George MacKay, Jannis Niewohner, Jeremy Irons

Rating: 3/5

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

Results

7pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Dirt) 1,600m; Winner: RB Kings Bay, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)

7.30pm: Maiden (PA) Dh 70,000 (D) 1,600m; Winner: AF Ensito, Fernando Jara, Mohamed Daggash

8pm: Maiden (PA) Dh70,000 (D) 1,400m; Winner: AF Sourouh, Tadhg O’Shea, Ernst Oertel

8.30pm: Maiden (PA) Dh70,000 (D) 1,800m; Winner: Baaher, Fabrice Veron, Eric Lemartinel

9pm: Maiden (PA) Dh70,000 (D) 2,000m; Winner: Mootahady, Antonio Fresu, Eric Lemartinel

9.30pm: Handicap (TB) Dh70,000 (D) 2,000m; Winner: Dubai Canal, Tadhg O’Shea, Satish Seemar

10pm: Al Ain Cup – Prestige (PA) Dh100,000 (D) 2,000m; Winner: Harrab, Bernardo Pinheiro, Majed Al Jahouri

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

Company profile: buybackbazaar.com

Name: buybackbazaar.com

Started: January 2018

Founder(s): Pishu Ganglani and Ricky Husaini

Based: Dubai

Sector: FinTech, micro finance

Initial investment: $1 million

West Indies v India - Third ODI

India 251-4 (50 overs)
Dhoni (78*), Rahane (72), Jadhav (40)
Cummins (2-56), Bishoo (1-38)
West Indies 158 (38.1 overs)
Mohammed (40), Powell (30), Hope (24)
Ashwin (3-28), Yadav (3-41), Pandya (2-32)

India won by 93 runs

Try out the test yourself

Q1 Suppose you had $100 in a savings account and the interest rate was 2 per cent per year. After five years, how much do you think you would have in the account if you left the money to grow?
a) More than $102
b) Exactly $102
c) Less than $102
d) Do not know
e) Refuse to answer

Q2 Imagine that the interest rate on your savings account was 1 per cent per year and inflation was 2 per cent per year. After one year, how much would you be able to buy with the money in this account?
a) More than today
b) Exactly the same as today
c) Less than today
d) Do not know
e) Refuse to answer

Q4 Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
a) True
b) False
d) Do not know
e) Refuse to answer

The “Big Three” financial literacy questions were created by Professors Annamaria Lusardi of the George Washington School of Business and Olivia Mitchell, of the Wharton School of the University of Pennsylvania. 

Answers: Q1 More than $102 (compound interest). Q2 Less than today (inflation). Q3 False (diversification).

FIXTURES

Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)

Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)

Friday, February 1
Final, Zayed Sports City Stadium (6pm)

Company profile

Name: Steppi

Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
The Pope's itinerary

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport