May 15th, 2019

The Middle East and North Africa Risks Landscape

Posted at 1:00 AM ET

mena_risks_briefing_paper_cover-thumbnail1The results of climate inaction are becoming increasingly clear. The year 2018 was the fourth warmest on record (1). In the MENA region, Algeria had the hottest temperature - 51.3ºC - ever reliably recorded across the whole of Africa, and Oman recorded a minimum temperature of 42.6ºC (2). Rising temperatures led the United Nations to warn that melting ice sheets were causing sea-level rise to accelerate. The World Bank identified 24 port cities in the Middle East and 19 in North Africa at particular risk of rising waters (3).

The World Economic Forum in partnership with Marsh & McLennan Companies and Zurich Insurance Group released its Middle East and North Africa Risks Landscape Report, which uses data from the Global Risks Report 2019 and the Regional Risks for Doing Business 2018.

Click here to download the full briefing: Middle East and North Africa Risks Landscape Report >>

Click here to explore additional insights from Guy Carpenter >>

Notes:

1. World Meteorological Organization, “Summer Sees Heat and Extreme Weather”, 7 September 2018, https://public.wmo.int/en/media/news/summer-seesheat-and-extreme-weather

2.  Al Jazeera, “Records Tumble as Temperatures Soar across the Globe,” 7 July 2018, https://www.aljazeera.com/news/2018/07/records-tumble-temperatures-soar-globe-180707081917787.html

3. U.N. Climate Change News, “Global Sea Level Rise Is Accelerating - Study”, 13 February 2018, https://unfccc.int/news/global-sea-level-rise-is-accelerating-study, World Bank, “Adaptation to Climate Change in the Middle East and North Africa Region”, 2013, http://web.worldbank.org/archive/website01418/WEB/0__C-152.HTM

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