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Flood death mayor detained in Saudi graft purge

The former mayor of Jeddah – who attracted criticism for his handling of the Saudi city’s deadly 2009 floods – was one of the list of high-profile politicians, royals and businessmen detained in this week’s anti-corruption purge.

Adel Fakieh – who was in charge of the Kingdom’s second city when more than 100 people died after flash...

Where will Veolia’s water growth come from?

Veolia shares narrowly outperformed a flat CAC40 index earlier this week after the company revealed its third-quarter numbers, which showed EBITDA up 4.8%, helped by solid commercial momentum which saw revenues rise by 4.3%.

Despite third-quarter contract wins such as a €400 million wastewater operating contract in Valenton (France), the year-to-date numbers for...

Saur eyes accelerated international water growth

Saur is looking to boost its annual revenues by more than 50% between now and 2022, with sales in the key international market of Saudi Arabia set to triple within the next five years, according to a new strategic initiative announced this morning.

The new strategy represents the vision of executive chairman Louis-Roch Burgard, who joined Saur a little over a year ago...

Aquam to scale up with $26 million of growth capital

Aquam Corporation has completed one of the largest funding rounds for a water technology company this year, raising $26m of fresh equity from NewWorld Capital Group and a fund advised by Credit Suisse.

Through a series of acquisitions, the company has built what it believes to be a unique offering, which combines condition diagnostics and repair services for...

Financial risks come out top in new CDP water survey

The overwhelming majority of the 2,025 global companies represented in the 2017 CDP Global Water Report identified higher operating costs as the top water-related risk inherent in their day-to-day business – more than eight times as frequently cited as brand damage.

Although 40% more companies provided some degree of water risk disclosure versus a year ago –...

Private sector commitments to African water tail off

Private sector investment in water infrastructure in Africa dropped to zero last year, even as overall commitments to the sector rose by 40% to $10.5 billion, according to a new report published by the Infrastructure Consortium for Africa (ICA).

While ICA members – including the African Development Bank, the World Bank Group, and Agence Francaise de Developpement...