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World Bank

World Bank latest

World Bank: 40 Percent Of Lebanese Live In Poverty
February 9th, 2020 - 11:57 GMT

World Bank: 40 Percent Of Lebanese Live In Poverty

There is an increase in the number of people living below the poverty line in Lebanon, said the director of the World Bank’s Mashreq Department, which covers Lebanon, Iraq, Syria, Jordan and Iran. Saroj Kumar Jha stressed the “necessity to take into consideration the needs of poorer sections of society in any program that would be set by the Lebanese government.” Dr. Bashir Esmat, a professor of development studies and ...
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A Palestinian art student paints as she takes part in a festival marking the World Mental Health Day on October 11, 2016 in Gaza City. (AFP/Mohammed Abed)
October 20th, 2016 - 09:34 GMT

Want to stop spread of extremism in the Middle East? Invest in the liberal arts

Irish Nobel Peace Prize Laureate Mairead Corrigan Maguire will be one of fifteen women to attempt to break the Israel blockade aboard the Zaytouna-Oliva boat. (AFP/Janek Skarzynski)
October 5th, 2016 - 09:00 GMT

Women’s flotilla to Gaza hopes to break the blockade peacefully

The CBE announced on Monday that its foreign exchange reserves increased to $19.6bn in September, compared to $16.6bn in August. (File photo)
October 5th, 2016 - 08:17 GMT

Egypt Central Bank defies the pundits to fix pound to dollar at auction

The program comes within the framework of the bank's Country Partnership Framework (CPF) for 2015–19, which provides about $8B for supporting Egypt's economy. (Wikimedia Commons)
October 2nd, 2016 - 11:00 GMT

Egypt: $500M World Bank agreement to focus on poorest regions

An ECESR economist argues that the same economic structural problems persist, and the IMF adopts more or less the same approach towards countries as it did back in 1991.   (AFP/File)
September 25th, 2016 - 08:30 GMT

History repeats itself: Amid mounting loans, does Egypt have an economic vision?

Tariffs of private generators remain uncontrolled and unregulated, and are set randomly despite a general weekly pricing guidance published by the government. (File photo)
September 22nd, 2016 - 07:30 GMT

OPINION: Outdated electricity policies leave Lebanon in the dark

A high-ranking Yemeni ministerial official said the decision to relocate the Central Bank was made in consultation with the UAE and Saudi Arabia. (File photo)
September 19th, 2016 - 09:00 GMT

Yemen Central Bank headquarters to relocate from Sanaa to Aden

A general view shows a Syrian refugee camp in Azraq in northern Jordan, on September 9, 2016. (AFP/Khalil Mazraawi)
September 11th, 2016 - 11:00 GMT

Minister: Jordan at ‘saturation point’ in dealing with refugee crisis

The money will be used to “create job opportunities and improve citizens’ living standards,” according to Minister of International Cooperation Sahar Nasr. (File photo)
September 11th, 2016 - 04:13 GMT

Egypt receives first payment of $3B World Bank loan

Moody's said that the VAT will exacerbate already high inflation amid widely discussed currency devaluation. (File photo)
September 7th, 2016 - 07:06 GMT

Egypt's deficit expected to rise to 12 percent despite new VAT: Moody's

The new project will serve around 350,000 people while indirect beneficiaries from the project would reach 800,000. (Wikimedia Commons)
September 4th, 2016 - 10:00 GMT

Lebanon gets $55M World Bank loan to fight Bekaa Valley pollution

GCC countries set no specific emission reduction targets at COP21 but promised to develop their renewable energy sectors. (Shutterstock)
September 4th, 2016 - 09:00 GMT

GCC's interest in diversifying the energy mix comes at an opportune time

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