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23 Nov 2020 BAGHDAD

Iran Accused Of Scuppering Saudi-Iraqi Agricultural Project

Saudi Arabia abandoned a major agricultural investment project being discussed with Iraq in its early stages due to a water deficit, according to the Iraqi government. Unofficial sources, however, said the project was actually scrapped because of heavy pressure from Iran’s agents and proxies, including politicians and leaders of armed Shia militias...

23 Nov 2020 BRUSSELS

"Green List" Launched To Steer Private Investment In EU

The European Commission on Friday (20 November) launched “the world’s first ever ‘green-list’” of sustainable economic activities for private investors by publishing draft guidelines under the EU’s green finance taxonomy. The guidelines are aimed at steering private investors towards environmentally sustainable companies, by laying down detailed emissions thresholds defining which economic activity can be considered “sustainable”...

23 Nov 2020 MUSCAT

South Korean Construction Giant To Build Oman IWPs

South Korean-based global construction heavyweight GS Engineering & Construction (GS E&C) has announced that consortiums led by its wholly-owned Spanish subsidiary, GS Inima, have secured mandates to build a pair of major Independent Water Projects (IWPs) in the Sultanate with a combined investment of over $400 million...

23 Nov 2020 LONDON

One Hundred Percent Expansion For EBRD Green Cities Programme

The European Bank for Reconstruction and Development (EBRD) said on November 19 finance for the bank’s urban sustainability programme, EBRD Green Cities, is doubling in size with a further €950 million allocated to extend work over the next three years. Set up in 2016 with €250 million and expanded in 2018 by a further €700 million of EBRD funds, EBRD Green Cities has mobilised significant co-finance, including €87 million from the Green Climate Fund (GCF) for concessional funding, as well as technical cooperation from the GCF and several bilateral donors, the bank said, adding that with the new funding, more than €2 billion will be dedicated to supporting EBRD Green Cities.

22 Nov 2020 GLASGOW, United Kingdom

Increased "Green Economy" Funding Required For Climate Change Resilience, Access To Water

The World's 450 multilateral development banks have jointly pledged to “support the transformation of the global economy and societies towards sustainable and resilient development”. At a first "Finance in Common" Summit, the banks reaffirmed the need to respond to the impacts of COVID-19 and work cooperatively in order to deliver provide the support in each and every country, across the globe...

22 Nov 2020 WASHINGTON, United States

Global Water Security & Sanitation Partnership Describes Water Crisis Solutions

The 2020 Annual Report of the Global Water Security Partnership (GWSP) describes activities and impacts achieved for the twelve months through June 2020.The partnership acknowledges that COVID-19 had a significant impact on its activities and that resources were redirected to helping partners contend with both short- and long-term effects of the pandemic from March 2020...

18 Nov 2020 CAIRO

Egypt To Build World's Largest Desal Plant

Egyptian Minister of Water Resources and Irrigation Mohamed Abdel Ati signed Nov. 8 a memorandum of understanding to organize some of the work of the Egyptian-Dutch Advisory Panel on Water Management, in the presence of Dutch Ambassador in Cairo Han-Maurits Schaapveld. The new memorandum focuses on developing cooperation between both sides in several fields, namely wastewater treatment, and is part of Egypt’s efforts to expand and optimize sewage and agricultural wastewater treatment...

18 Nov 2020 WEST VANCOUVER

Canada Supports Community Health And Water Quality Projects

Today, the Minister of Environment and Climate Change, the Honourable Jonathan Wilkinson, and the Member of Parliament for West Vancouver–Sunshine Coast–Sea to Sky Country, Patrick Weiler, announced approximately $4 million to support 53 new projects under the EcoAction Community Funding Program...

18 Nov 2020 LUXEMBOURG, Luxembourg

EIB Approves Green Investment Budget Through 2030

The European Investment Bank (EIB) has approved almost $1.2 Trillion USD in support for climate-, biodiversity- and sustainability-focused projects through 2030.Almost $8 Billion USD has been allocated for private and public sector financing and investment related to COVID-19 resilience, clean transport, sustainable urban development, including water infrastructure and renewable energy, health and education...

18 Nov 2020 SINGAPORE, Singapore

Hyflux Remanded To Judicial Management

Singapore’s High Court ruled 16 November that Hyflux, Singapore’s premier water treatment company, is to come under judicial management (JM) immediately. The Board of the company and its founder, Olivia Lum, have lost control.Further OOSKAnews coverage of the Hyflux saga (150 articles)Restructuring, insolvency and forensic accounting firm, Borelli Walsh, who have been advising the 19 unsecured lenders owed almost $700 Million USD, were appointed to oversee operations and took over on the same day...

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17 Nov 2020 ZADAR

EU, EBRD Invest In Zadar, Croatia Wastewater Network

The European Bank for Reconstruction and Development (EBRD) is providing a €4.5 million loan for the completion of a key infrastructure project in Zadar, the fifth-largest city in Croatia and a popular tourist destination on the Adriatic coast. The Bank’s financing will complement EU Cohesion Funds of €42 million extended to Odvodnja d...

13 Nov 2020 RIYADH

Saudi Arabia: New State Water Management Company Established, Precursor To Privatization

Saudi Arabia has launched a new company for the management and maintenance of water transmission, distribution and storage systems that span over more than 8,000 km and transmit more than 7 million cu m per day of desalinated water across the country. The new entity, Water Transmission and Technologies Company (WTTCO), was enacted by the council of ministers and is one outcome of the privatization programme in the kingdom’s water sector...