Thousands of projects have been disrupted due to poor planning as the protests continue, the Iraqi Prime Minister, Adil Abdul Mahdi, announced yesterday. “Some 5,000 national projects have not...

The World Bank (WB) yesterday said that it was ready to support the new Lebanese government as the country faces economic and social uncertainty. “Lebanon does not have the...

The Middle East and North Africa (MENA) region has only 5.2 per cent of its total electricity generation capacities, the World Bank said on Wednesday. The Bank added in...

Lebanon’s President Michel Aoun yesterday announced that 17 files on corruption had been referred to investigation. Aoun’s remarks came during his meeting with the World Bank (WB)’s regional director,...

Is Egypt's economy crashing?

The World Bank on Tuesday announced a $400 million grant to address the risks of potential famine and malnutrition in Yemen which have been dramatically increasing as a result...

The World Bank issued a report to announce prolonging cooperation with the Egyptian authorities until 2021, through establishing a strategic partnership to ensure more loans and assistance to Egypt....

A Jordanian aid convoy entered the besieged Gaza Strip this morning through the Israeli controlled Erez (Beit Hanoun) crossing. A foreign delegation also entered the Strip to access the...

Jordan is holding consultations with the World Bank to obtain a $1 billion loan as part of the kingdom’s efforts to reduce its debt burden and revive its struggling...

A senior Work Bank official said that wars that broke out between 2010 and 2018 in many Arab countries have caused at least $900 billion in lost economic opportunities....

Palestinian Authority (PA) President Mahmoud Abbas has met with the head of the World Bank to get unconditional funds for the Palestinians, Al-Watan Voice reported yesterday. According to Al-Watan...

Some 41.5 per cent of Tunisia’s workforce is employed in the parallel economy, a study conducted by the World Bank has shown. The results of the study, announced yesterday...

Lebanon has nominated investment banker Ziad Hayek as a candidate for president of the World Bank, mounting the first challenge to US President Donald Trump’s choice to lead the...

Palestinian Authority (PA) paid 25 per cent of the salaries of its employees in the Gaza Strip, sources said yesterday. The PA slashed the salaries of its employees in...

The Palestinian Ministry of Labour yesterday launched a job creation programme which will employ 5,000 unemployed between 18 and 34 years within three years, Safa news agency reported. The...

The World Bank is “confident” in Egypt’s economic reform measures, the bank’s CEO Kristalina Georgieva, announced yesterday, Reuters reports. “The World Bank is keen on continuing to support and assist...

Arab countries are facing an urgent need for a plan to fight poverty in light of the world’s changing balances of economic powers, Mahmoud Mohieldin, senior vice president of...

Egypt requires $675 billion of investment over the next 20 years to meet its infrastructure needs, the World Bank announced yesterday. “Egypt requires annual investments worth $33.75 billion per...

Egypt has reached an agreement on a new $3 billion financing deal with the World Bank, the country’s investment and international cooperation announced yesterday. Sahar Nasr said that she...

The World Bank has issued a stark warning about Gaza’s economy. A report published today stated that the enclave is “collapsing” due to the 11-year Israeli-led blockade and described...

Moroccan Prime Minister Saadeddine Othmani stressed his government’s commitment to “improving the business climate for Moroccan as well as foreign investors”. “We are ready to facilitate and improve the business...

The World Bank has announced a new project to provide Gaza‘s unemployed youth with short-term income support, the Palestinian Information Centre has said. About 4,400 targeted youth, half of...

The inflow of Foreign Direct Investment (FDI) into the Jordanian market has fallen by 54 per cent during the first quarter of the current financial year 2017-18, the Central...

Tunisia and Germany yesterday signed a €100 million ($119 million) loan agreement to support budgets and reforms in the financial and banking sectors. According to a statement distributed to...

Marie Francoise Marie Nelly, the World Bank Country Director for the Maghreb and Malta, predicted that Tunisia’s economy would grow by 2.5 per cent in 2018. In response to...

The Egyptian Minister of Education, Tarek Shawki, yesterday announced the approval of a $500 million loan from the World Bank to support education development in the country. The loan...

The standard of living in the West Bank is stagnating, after rising significantly in previous years, according to a report released by the World Bank earlier today, which also...

Egypt has received the third and final $1 billion tranche of a $3 billion loan from the World Bank, the Minister of Investment and International Cooperation announced yesterday. Sahar...

Egypt Foreign Minister Sameh Shoukry proposed the World Bank be included as a neutral and decisive party in the tripartite technical committee’s talks on the Grand Ethiopian Renaissance Dam....

The World Bank’s Board of Executive Directors has approved the provision of a $200mn loan to accelerate the transformation of the food industry towards a higher added value and...

The World Health Organisation (WHO) and the World Bank said at least half of the world’s population, 3.5 billion people, do not have access to basic health services. In...

Even in the absence of an Israeli-Palestinian peace deal, steps can be taken now that could significantly brighten a gloomy Palestinian economic situation, the World Bank said on Tuesday....