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....

Kuwait has started extensive contacts with the World Bank to prepare for hosting a donor conference for the reconstruction of the Iraqi areas that have been liberated from Daesh...

The government of Sudan announced yesterday that the value of World Bank-funded projects in the country has reached $150 million, of which $76 million is in support of basic...

The World Bank on Tuesday approved a $500 million loan to support Tunisia’s budget, a government official for the North African country said on Tuesday. The funding followed the...

The World Bank has given Sudan $5 million in an attempt to boost the country’s financial anti-corruption policies, Asharq Al-Awsat newspaper reported. The grant, which was formally signed on...

A senior delegation from the United Kingdom have arrived in Sudan to begin the second phase of strategic dialogue with government officials, a press release from the British Embassy...

Egypt aims to obtain $9 billion in foreign financing in the fiscal year 2017-18, the Deputy Finance Minister, Ahmed Kouchouk, revealed today. In an interview with the Cairo-based Al-Borsa,...

The World Bank has disbursed another $1 billion in financial assistance to Egypt out of its $3 billion loan programme with the country, the bank said in a statement...

Egypt will receive the second tranche of the World Bank’s loan agreement amounting to $1 billion within the next few days, the bank’s Country Director for Egypt Asaad Alem...

The World Bank’s board of executive directors has approved a second $1 billion disbursement of a $3 billion loan package to Egypt, a statement from the World Bank Group...