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Investing in infrastructure: Economic impact of hurricanes
  + stars: | 2024-10-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvesting in infrastructure: Economic impact of hurricanesSadek Wahba, I Squared Capital founder and chairman, joins 'Squawk Box' to discuss the economic toll of hurricanes, investing in America's infrastructure, and more.
Persons: Sadek Organizations: Squared Capital
“But like Palestine, (Ireland) had direct and sustained experience of imperialism,” she said. Mousa Salem/Anadolu Agency/Getty Images Palestinians transport bags of flour on the back of trucks as humanitarian aid arrives in Gaza City on March 6. Omar Qattaa/Anadolu Agency/Getty Images Palestinians wait to receive food at a refugee camp in Rafah on January 27. AFP/Getty Images Palestinian boy Ahmed Qannan, suffering from malnutrition, receives treatment at a health-care center in Rafah on March 4. Yasser Qudih/Anadolu Agency/Getty Images People in a crowd struggle to buy bread from a bakery in Rafah on February 18.
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It's not investing in infrastructure directly," Wahba told CNBC. "All the technology around infrastructure services, I think is an area which is going to grow exponentially," Wahba told CNBC. More infrastructure systems are going to become digitized, which means those systems increasingly become vulnerable to cybersecurity attacks. The danger of hackers with bad intentions getting into infrastructure systems is especially scary. Otherwise, privatizing infrastructure "is a recipe for disaster," Wahba told CNBC.
Persons: Sadek Wahba, Wahba, It's, Burger, Charles, Gaulle Organizations: Squared Capital Advisors, P Global, Bloomberg, Getty, Squared, Biden's, Infrastructure Advisory Council, CNBC, Companies Locations: Houston , Texas, New York City, Manhattan, cybersecurity, United States, United Kingdom, Paris, JFK, U.S
"Investing in infrastructure, climate-related technology is the future," Wahba told CNBC in a video interview in May. The road is made of bitumen," a derivative of an oil product, Wahba told CNBC. Each stage of that process poses an infrastructure climate problem. "There are very, very attractive returns," Wahba told CNBC. Of course, some climate investments are risky.
Many now seek to join the flood of foreigners who have left Sudan in past days, including in evacuations organised by their governments. But the war that happened here was a great shock," said Mahmoud Suweidan, 33, who left Syria only last year looking for work. She fears her sons will be conscripted for use in further bouts of warfare, having left Syria in 2013. But most have so far remained stuck in Port Sudan. Their disappointment at being unable to join an evacuation and their temporary stay in uncomfortable conditions in Port Sudan follow a hard and dangerous journey.
Investment Ideas to Help the Earth in Crisis
  + stars: | 2023-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestment Ideas to Help the Earth in CrisisThe Inflation Reduction Act has accelerated new funding opportunities across America's clean energy sector. Where are the most actionable opportunities and solutions — environmentally, economically, and even politically? An in-depth analysis from Sadek Wahba, a member of President Biden's National Infrastructure Advisory Council (NIAC) and founder of I Squared Capital, a $45+ billion global infrastructure investment firm.
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