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Egypt to Mobilize Funding ‘Green Banks’ Ahead of COP 27 Summit

Egyptian Minister for International Cooperation, Rania al-Mashat speaks during an interview with Reuters in Cairo, Egypt January 24, 2021. REUTERS/Sherif Fahmy
Egyptian Minister for International Cooperation, Rania al-Mashat speaks during an interview with Reuters in Cairo, Egypt January 24, 2021. REUTERS/Sherif Fahmy
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Egypt to Mobilize Funding ‘Green Banks’ Ahead of COP 27 Summit

Egyptian Minister for International Cooperation, Rania al-Mashat speaks during an interview with Reuters in Cairo, Egypt January 24, 2021. REUTERS/Sherif Fahmy
Egyptian Minister for International Cooperation, Rania al-Mashat speaks during an interview with Reuters in Cairo, Egypt January 24, 2021. REUTERS/Sherif Fahmy

Egypt has intensified efforts to mobilize financing for "green banks," in preparation for the COP27 Climate Summit, which it will host in Sharm el-Sheikh in late 2022.

Minister of International Cooperation Rania al-Mashat said that innovative financing tools are a catalyst to ensure that the international community’s commitments made at COP26 in Glasgow are implemented ahead of the next summit.

Mashat underscored the importance of bolstering multilateral cooperation to advance the main areas of action to achieve the green transition, namely, mitigation and adaptation projects to climate change, technology transfer, expertise and financing.

She made her remarks at the opening speech at the Green Banks Event “A Green Finance Facilities Ecosystem: A Three Trillion Dollars Opportunity for Africa,” which is organized by the African Development Bank as part of the Middle East and North Africa Climate Week 2022, held in Dubai, UAE.

The minister pointed to Egypt’s steps to advance national efforts and enhance regional and international action to consolidate the climate concepts, preserve the environment, and implement clear and ambitious plans for climate financing through an international framework for innovative financing.

She underlined the international financial institutions’ need to expand climate finance based on various pillars related to inclusion and justice, to ensure that the whole world, particularly the developing and emerging countries, can benefit from climate financing and green investments.

Mashat said all stakeholders, including women, youth and the private sector, shall participate in developing climate action plans and financing eco-friendly projects through innovative financing solutions, risk reduction tools and blended financing.

She pointed to the successive measures taken by the Egyptian government to promote green investments and push towards a green economy.

These include decisions to increase green public investments from 15% in the current fiscal year to 30% in the next fiscal year, followed by a 50% increase in 2024/2025.

In 2021, Egypt secured the first green financing from international and regional banks worth $1.5 billion, directed to finance eco-friendly projects such as water treatment and desalination plants, solid waste management, canal lining, and seawater desalination.

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Arab World

US Army Names 2 Iowa Guard Members Killed in Attack in Syria

This undated combo photo created with images released by the Iowa National Guard shows Sgts. William Nathaniel Howard, left, and Edgar Brian Torres-Tovar. (Iowa National Guard via AP)
This undated combo photo created with images released by the Iowa National Guard shows Sgts. William Nathaniel Howard, left, and Edgar Brian Torres-Tovar. (Iowa National Guard via AP)
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US Army Names 2 Iowa Guard Members Killed in Attack in Syria

This undated combo photo created with images released by the Iowa National Guard shows Sgts. William Nathaniel Howard, left, and Edgar Brian Torres-Tovar. (Iowa National Guard via AP)
This undated combo photo created with images released by the Iowa National Guard shows Sgts. William Nathaniel Howard, left, and Edgar Brian Torres-Tovar. (Iowa National Guard via AP)

The two Iowa National Guard members killed in a weekend attack that the US military blamed on the ISIS group in Syria were identified Monday.

The US Army named them as Sgt. Edgar Brian Torres-Tovar, 25, of Des Moines, and Sgt. William Nathaniel Howard, 29, of Marshalltown.

Iowa Gov. Kim Reynolds ordered all flags in Iowa to fly at half-staff in their honor, saying that, “We are grateful for their service and deeply mourn their loss.”

The Pentagon’s chief spokesman, Sean Parnell, has said a civilian working as a US interpreter also was killed. Three other Guard members were wounded in the attack, the Iowa National Guard said Monday, with two of them in stable condition and the other in good condition.

The attack was a major test for the rapprochement between the United States and Syria since the ouster of autocratic leader Bashar al-Assad a year ago, coming as the US military is expanding its cooperation with Syrian security forces. Hundreds of American troops are deployed in eastern Syria as part of a coalition fighting ISIS.

The shooting Saturday in the Syrian desert near the historic city of Palmyra also wounded members of the country's security forces and killed the gunman. The assailant had joined Syria’s internal security forces as a base security guard two months ago and recently was reassigned amid suspicions that he might be affiliated with ISIS, a Syrian official said.

The man stormed a meeting between US and Syrian security officials who were having lunch together and opened fire after clashing with Syrian guards, Interior Ministry spokesperson Noureddine al-Baba said Sunday.

Al-Baba acknowledged that the incident was “a major security breach” but said that in the year since Assad’s fall, “there have been many more successes than failures” by security forces.

The Army said Monday that the incident is under investigation, but military officials have blamed the attack on an ISIS member.

President Donald Trump said over the weekend that “there will be very serious retaliation” for the attack and that Syrian President Ahmed al-Sharaa was “devastated by what happened,” stressing that Syria was fighting alongside US troops.

Trump welcomed Sharaa, who led the lightning opposition offensive that toppled Assad's rule, to the White House for a historic meeting last month.

Arab World

Western and Arab Diplomats Tour Lebanon-Israel Border to Observe Hezbollah Disarmament Efforts

UN vehicles drive past buildings destroyed by Israel's air and ground offensive against Hezbollah in southern Lebanon, as seen from Israel's northernmost town of Metula, Sunday, Nov. 30, 2025. (AP)
UN vehicles drive past buildings destroyed by Israel's air and ground offensive against Hezbollah in southern Lebanon, as seen from Israel's northernmost town of Metula, Sunday, Nov. 30, 2025. (AP)
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Western and Arab Diplomats Tour Lebanon-Israel Border to Observe Hezbollah Disarmament Efforts

UN vehicles drive past buildings destroyed by Israel's air and ground offensive against Hezbollah in southern Lebanon, as seen from Israel's northernmost town of Metula, Sunday, Nov. 30, 2025. (AP)
UN vehicles drive past buildings destroyed by Israel's air and ground offensive against Hezbollah in southern Lebanon, as seen from Israel's northernmost town of Metula, Sunday, Nov. 30, 2025. (AP)

Western and Arab diplomats toured an area along Lebanon’s border with Israel Monday where Lebanese troops and UN peacekeepers have been working for months to end the armed presence of the militant Hezbollah group.

The delegation that included the ambassadors of the United States and Saudi Arabia was accompanied by Gen. Rodolphe Haykal, commander of the Lebanese Armed Forces, as well as top officers in the border region.

The Lebanese government has said that by the end of the year, the army should have cleared all the border area south of the Litani river from Hezbollah’s armed presence.

Hezbollah’s leader Sheik Naim Qassem had said that the group will end its military presence south of the Litani River but vowed again over the weekend that they will keep their weapons in other parts of Lebanon.

Parts of the zone south of the Litani River and north of the border with Israel were formerly a Hezbollah stronghold, off limits to the Lebanese national army and UN peacekeepers deployed in the area.

During the tour, the diplomats and military attaches were taken to an army post that overlooks one of five hills inside Lebanon that were captured by Israeli troops last year.

“The main goal of the military is to guarantee stability,” an army statement quoted Haikal as telling the diplomats. Haykal added that the tour aims to show that the Lebanese army is committed to the ceasefire agreement that ended the Israel-Hezbollah war last year.

There were no comments from the diplomats.

The latest Israel-Hezbollah war began Oct. 8, 2023, a day after Hamas attacked southern Israel, after Hezbollah fired rockets into Israel in solidarity with Hamas. Israel launched a widespread bombardment of Lebanon in September last year that severely weakened Hezbollah, followed by a ground invasion.

The war ended in November 2024 with a ceasefire brokered by the US.

Israel has carried out almost daily airstrikes since then, mainly targeting Hezbollah members but also killing 127 civilians, according to the office of the UN High Commissioner for Human Rights.

On Sunday, the Israeli military said it killed three Hezbollah members in strikes on southern Lebanon.

Over the past weeks, the US has increased pressure on Lebanon to work harder on disarming Hezbollah and canceled a planned trip to Washington last month by Haykal.

US officials were angered in November by a Lebanese army statement that blamed Israel for destabilizing Lebanon and blocking the Lebanese military deployment in south Lebanon.

A senior Lebanese army official told The Associated Press Monday that Haykal will fly to France this week where he will attend a meeting with US, French and Saudi officials to discuss ways of assisting the army in its mission. The officer spoke on condition of anonymity because he wasn’t authorized to speak publicly.

The Lebanese army has been severely affected by the economic meltdown that broke out in Lebanon in October 2019.

Arab World

ICC Rejects Israeli Bid to Halt Gaza War Investigation

Tents of internally displaced Palestinian families seen among the ruins of destroyed buildings in Al-Zaitun neighborhood during a rainy day in the east of Gaza City on, 12 December 2025, amid a ceasefire between Israel and Hamas. (EPA)
Tents of internally displaced Palestinian families seen among the ruins of destroyed buildings in Al-Zaitun neighborhood during a rainy day in the east of Gaza City on, 12 December 2025, amid a ceasefire between Israel and Hamas. (EPA)
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ICC Rejects Israeli Bid to Halt Gaza War Investigation

Tents of internally displaced Palestinian families seen among the ruins of destroyed buildings in Al-Zaitun neighborhood during a rainy day in the east of Gaza City on, 12 December 2025, amid a ceasefire between Israel and Hamas. (EPA)
Tents of internally displaced Palestinian families seen among the ruins of destroyed buildings in Al-Zaitun neighborhood during a rainy day in the east of Gaza City on, 12 December 2025, amid a ceasefire between Israel and Hamas. (EPA)

Appeals judges at the International Criminal Court (ICC) on Monday rejected one in a series of legal challenges brought by Israel against the court's probe into its conduct of the Gaza war.

On appeal, judges refused to overturn a lower court decision that the prosecution's investigation into alleged crimes under its jurisdiction could include events following the deadly attack on Israel by the Palestinian group Hamas on October 7, 2023.

The ruling means the investigation continues and the arrest warrants issued last year for Israeli Prime Minister Benjamin Netanyahu and his former defense chief Yoav Gallant remain in place.

Israel rejects the jurisdiction of the Hague-based court and denies war crimes in Gaza, where it has waged a military campaign it says is aimed at eliminating Hamas following the October 7 attacks.

The ICC initially also issued a warrant for Hamas leader Ibrahim al-Masri for alleged war crimes and crimes against humanity, but withdrew that later following credible reports of his death.

A ceasefire agreement in the conflict took effect on October 10, but the war destroyed much of Gaza’s infrastructure, and living conditions are dire.

According to Gaza health officials, whose data is frequently cited with confidence by the United Nations, some 67,000 Palestinians have been killed by Israel in Gaza.

This ruling focuses on only one of several Israeli legal challenges against the ICC investigations and the arrest warrants for its officials. There is no timeline for the court to rule on the various other challenges to its jurisdiction in this case.