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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
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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.

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Arab World

King Abdullah II Inaugurates 20th Parliament’s Session, Emphasizes Just Peace

The Jordanian monarch opens the first parliamentary session of the 20th House of Representatives. (Reuters)
The Jordanian monarch opens the first parliamentary session of the 20th House of Representatives. (Reuters)
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King Abdullah II Inaugurates 20th Parliament’s Session, Emphasizes Just Peace

The Jordanian monarch opens the first parliamentary session of the 20th House of Representatives. (Reuters)
The Jordanian monarch opens the first parliamentary session of the 20th House of Representatives. (Reuters)

Jordan’s King Abdullah II affirmed that the country’s future “will not be subject to policies that do not align with its interests or deviate from its principles,” describing Jordan as “a nation with a steadfast identity, committed to preserving its Hashemite heritage and Arab and human values.”
The king made these remarks on Monday during the opening of the first parliamentary session of the 20th House of Representatives, following elections held on September 10.
King Abdullah emphasized that a just and honorable peace is “the only path to rectifying the historical injustice against the Palestinian people.”
He reiterated Jordan’s unwavering stance on restoring Palestinians’ full rights and ensuring security for all, despite the obstacles posed by “extremists who oppose peace”—a pointed reference to the hardline policies of the Israeli government.
The king declared that Jordan “stands firmly against aggression in Gaza and Israeli violations in the West Bank,” and is actively engaged in Arab and international efforts to halt the war. He highlighted his country’s significant humanitarian role, noting that Jordanians “were the first to deliver aid by air and land to the people of Gaza, and we will continue to support them, now and in the future.”
In a single round of voting, former Speaker Ahmed Al-Safadi secured the presidency of the House of Representatives, garnering 98 votes out of 137 attendees. His victory was achieved through a coalition of parliamentary blocs, including Mithaq, Irada, National Islamic, Azm, and Taqaddum, marking a parliamentary precedent with significant party bloc influence.
Out of the 20th House of Representatives’ 116 party-affiliated deputies—distributed across 12 parties—86% of the total seats are now held by party members. This unprecedented figure follows reforms in the electoral law, which reserved 41 seats for national party lists while the remaining 97 were contested in local constituencies.
The new parliament is expected to address significant legislative and political challenges, including debating the government’s policy statement, discussing the 2025 general budget, and amending controversial laws such as local governance, labor, and social security.
Observers anticipate heated parliamentary sessions, particularly with the presence of the Islamic Action Front (IAF) bloc, which secured over half a million votes in the elections. The party’s influence is expected to pressure the government on key issues, including the Palestinian cause, protecting Jordan from the risks posed by Israeli extremism, and potentially repealing the Jordan-Israel peace treaty.