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.



9 Members of Palestinian Islamic Jihad Killed in Israeli Strikes are Buried in Damascus

Syrian security forces and civilians inspect the scene of an airstrike in the Al-Mazzeh neighborhood of Damascus, Syria, 14 November 2024. EPA/STRINGER
Syrian security forces and civilians inspect the scene of an airstrike in the Al-Mazzeh neighborhood of Damascus, Syria, 14 November 2024. EPA/STRINGER
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9 Members of Palestinian Islamic Jihad Killed in Israeli Strikes are Buried in Damascus

Syrian security forces and civilians inspect the scene of an airstrike in the Al-Mazzeh neighborhood of Damascus, Syria, 14 November 2024. EPA/STRINGER
Syrian security forces and civilians inspect the scene of an airstrike in the Al-Mazzeh neighborhood of Damascus, Syria, 14 November 2024. EPA/STRINGER

Nine members of the Palestinian Islamic Jihad militant group who were killed in Israeli airstrikes in Damascus were buried Monday in the Syrian capital.
Women in the crowd wept as the dead were transported to the Yarmouk cemetery in the Palestinian refugee camp in Damascus. Some held images of slain Hezbollah chief Hassan Nasrallah.
Israeli strikes on Thursday targeted two buildings with the offices of the Palestinian Islamic Jihad, killing 15 people, including Syrian civilians, and wounding 20 others, officials said.
The funeral on Monday was held for the nine Islamic Jihad members, including two high-ranking officials — commander Abdel Aziz Saeed Minawi and Rasmi Youssef Abu Issa, who was in charge of the group's Arab affairs.
The wife of Ali Kabalan, a 44-year-old fighter who was killed Thursday, told The Associated Press that while the loss was unbearable, she and their five children were “proud” that he died “a martyr for the cause of Palestine’s liberation.”
The Israeli military claimed the strikes dealt significant damage to its group’s leadership. Israel has accused the Islamic Jihad, alongside Hamas, of coordinating the Oct. 7 attacks on southern Israel that ignited the ongoing war.
Israel has carried out hundreds of airstrikes in Syria targeting members of Lebanon’s Hezbollah and officials from Iranian-backed groups.