European Investment Bank to Help Egypt Overcome ‘Scarcity of Resources’

View of a COP27 sign on the road leading to the conference area, Sharm el-Sheikh, Egypt, October 20, 2022. REUTERS/Sayed Sheasha
View of a COP27 sign on the road leading to the conference area, Sharm el-Sheikh, Egypt, October 20, 2022. REUTERS/Sayed Sheasha
TT

European Investment Bank to Help Egypt Overcome ‘Scarcity of Resources’

View of a COP27 sign on the road leading to the conference area, Sharm el-Sheikh, Egypt, October 20, 2022. REUTERS/Sayed Sheasha
View of a COP27 sign on the road leading to the conference area, Sharm el-Sheikh, Egypt, October 20, 2022. REUTERS/Sayed Sheasha

The Egyptian presidency has sought to put water at the heart of climate action to overcome water scarcity and improve its resources.

Dr. Hani Sewilam, Egypt’s Minister of Water Systems, and Irrigation, inaugurated on Monday the COP27’s Thematic Day for Water, announcing the Action on Water Adaptation or Resilience (AWARe), an initiative that will focus on inclusive cooperation to address water related challenges and solutions across climate change adaptation.

Sewilam said that the international initiative was prepared in partnership with the World Meteorological Organization (WMO) and other international bodies, under the umbrella of a number of international coalitions such as the Water and Climate Coalition, the Adaptation Action Coalition, as well as the Marrakesh Partnership Climate Action Pathway Water.

Monday’s event was attended by Ambassador Ayman Amin Tharwat, Deputy Director for the Department of Climate, Environment and Sustainable Development for the Egyptian Ministry of Foreign Affairs, and Dr. Elena Manaenkova, Deputy Secretary General of WMO.

“The Global Water Crisis is affecting billions of people worldwide. The AWARe initiative will catalyze inclusive cooperation to address water as a key to climate change adaptation and its co-benefits, as well as enhanced resilience,” the minister said.

Meanwhile, the European Investment Bank plans to provide new financing to Egypt worth $1.5 billion, mostly focused on the water treatment sector, according to Gelsomina Vigliotti, the Bank’s vice president.

During an interview with Bloomberg, on the sidelines of the Climate Summit (COP27) in Sharm el-Sheikh, Vigliotti noted that the Bank would collaborate with the Egyptian government to link water, food, and energy projects in order to actualize a strategy that would be considerate of climate change in several aspects pertaining to the economy and the impact on the population.

She added that the bank would also work with Egypt in the transport and energy sectors, given their association with carbon dioxide emissions.



Israeli Woman Killed by Hezbollah Rocket Attack, 10 Wounded

Israeli security inspect damages caused by debris from an intercepted missile, in Ramat Gan, Tel Aviv, Israel, 18 November 2024. (EPA)
Israeli security inspect damages caused by debris from an intercepted missile, in Ramat Gan, Tel Aviv, Israel, 18 November 2024. (EPA)
TT

Israeli Woman Killed by Hezbollah Rocket Attack, 10 Wounded

Israeli security inspect damages caused by debris from an intercepted missile, in Ramat Gan, Tel Aviv, Israel, 18 November 2024. (EPA)
Israeli security inspect damages caused by debris from an intercepted missile, in Ramat Gan, Tel Aviv, Israel, 18 November 2024. (EPA)

Israel’s Magen David Adom rescue services said one woman was killed and 10 wounded in a Hezbollah rocket attack that hit northern Israel.

According to paramedics who arrived at the scene, one woman was killed instantly and 10 others were injured after a rocket struck a four-story building the northern Israeli city of Shfaram.

The Israeli military said the Lebanese group Hezbollah had launched more than 100 projectiles toward Israel on Monday.

Israeli medical officials also said at least five people in central Israel have been wounded by shrapnel after a missile launched from Lebanon was intercepted.

The missile triggered air raid sirens in the Tel Aviv area before it was shot down. But authorities said shrapnel from the interception hit several people on the ground.

The Magen David Adom rescue service said it treated five people for injuries. Victims were taken to Beilinson Hospital, where one woman was reported in serious condition.

Hezbollah began launching missiles, rockets and drones at Israel on Oct. 8, 2023, in solidarity with Hamas in its war with Israel in Gaza. Israel stepped up their attack against Hezbollah in mid-September.

More than 3,500 people have been killed in Lebanon by Israeli fire — 80% of them in the past eight weeks — according to Lebanon’s Health Ministry. In Israel, 77 people, including 31 soldiers, have been killed by Hezbollah.