Lebanon's caretaker minister of social affairs today announced the launch of cash subsidy cards for 500,000 families saying that negotiations were under way for them to be partly funded...

Egypt's petroleum minister said today he hoped to export Egyptian gas as soon as possible to Jordan to generate power that will supply Lebanon, Reuters reports. The minister made his remarks...

About 70 per cent of Yemenis are at risk of starvation, the World Bank said yesterday, at a time when the country's gross domestic product (GDP) has halved since...

Some $485 million are urgently needed for the immediate and short-term recovery of Gaza, a World Bank report revealed yesterday. The report, which was conducted in partnership between the...

Iraq Basra Gas (BGC) consortium has signed a $360 million loan agreement with the World Bank's International Finance Corporation (IFC) to help it reduce gas flaring across the south...

Lebanon's caretaker prime minister today approved a proposal to finance fuel imports at the rate of 3,900 Lebanese lira to the dollar, instead of the previous 1,500 lira rate,...

The unemployment rate in Jordan has increased to 25 per cent in the first quarter of this year, compared to 22.7 per cent at the end of 2020. During...

IMF member countries have agreed to clear Sudan's arrears to the institution, France's president said yesterday, removing a final hurdle to the African nation getting wider relief on the...

The US Treasury Department announced today it provided bridge financing of around $1.15 billion to help Sudan clear its arrears at the World Bank. The department said in a...

Impoverished groups in Lebanon could soon receive more aid after a letter from international donors said on Wednesday there had been an agreement to hand out assistance in hard...

Israel will provide coronavirus vaccinations for 100,000 Palestinians who work in Israel or in its illegal settlements in the occupied West Bank. Israel will start administering the Moderna vaccines...

Lebanon received its first batch of the Pfizer-BioNTech vaccine - about 28,000 doses - this month with aid from the World Bank

The World Bank approved on Thursday the reallocation of $34 million to fund the procurement of Covid-19 vaccine for Lebanon, which is struggling to contain the number of coronavirus...

The World Bank has agreed to grant Morocco $250 million to support local agricultural, as part of a joint operation with the French Development Agency. This came in a...

The World Bank warned yesterday that more than half of Lebanese people will be poor by 2021 and criticised the local authorities' "deliberate lack of effective policy action" to...

The World Bank announced in a report that the Houthis' ban on the circulation of new banknotes in its areas of control has caused serious repercussions to the country's...

The World Bank has cancelled $224 million in funding for Lebanon's controversial Bisri dam project over the government's failure to fulfil "tasks that are preconditions to the commencement of construction",...

Kuwait, facing one of the worst economic crunches in the oil-rich state's history, posted an actual deficit of $18.44 billion in the 2019-2020 fiscal year, the Finance Minister said...

COVID-19 has been the severest blow dealt to the Kuwaiti economy since the 1990 Iraqi invasion, the World Bank (WB) warned yesterday. WB's Resident Representative for Kuwait, Ghassan Alkhoja,...

The Gulf state of Kuwait is the most dependent on revenues of fossil oil among the world countries, a recent report issued by the World Bank revealed, according to...

With Israel's planned annexation of the West Bank, in contravention of international law, only weeks away, the World Bank and the United Nations have issued stark warnings concerning the Palestinian...

The World Bank on Thursday approved a record $500 million in grants and low-interest loans to help countries in Africa and the Middle East fight swarms of desert locusts...

Jordan has topped a list of countries which appear to have siphoned large sums of foreign aid into offshore bank accounts, World Bank analysis shows. In 2018-19, Jordan received £2.13 billion...

The World Bank approved $50 million in financing for Egypt as an emergency response to help the country confront COVID-19, according to a World Bank press release issued on...

The World Bank has approved an immediate $14 million grant as part of a multiphase programme to develop the energy sector in Palestine. A further $49 million is set...

The World Bank has approved a $100 million loan to Turkey to support its efforts to fight COVID-19, the bank said on Friday. By implementing a project, the global...

The World Bank has frozen over $600 million in funding for Lebanon's Bisri Dam project in order to launch a dialogue with citizens and civil society groups who oppose...

The World Bank has announced a grant worth $5.8 million for the Palestinian Authority (PA) in support for its battle against the coronavirus, Safa News Agency reported on Friday....

The World Bank and International Finance Cooperation have allocated $26.7m to help the Yemeni government's fight against the coronavirus pandemic, it was reported on Monday. The grant was announced...

The World Bank has announced new financing for Egypt worth $500 million to support housing projects for low-income families. The bank said that the fund aims to support efforts to facilitate access to...

Israel has re-elected Benjamin Netanyahu, the leader of the right-wing camp, in a surprising result given the corruption charges against him and a forthcoming trial. Nevertheless, he duly went...

Oil market analysts must make sense of a bewildering array of statistics about production, consumption and inventories, compiled and published with varying definitions and degrees of accuracy and timeliness....