World Bank

World Bank Vice President for Middle East and North Africa, Ferid Belhaj, has reiterated the financial body's readiness to continue supporting Tunisia's economic reform and development efforts. This came in...

A report by a risk consultancy has said that rising fuel and food prices are set to stoke a rise in civil unrest in developing middle income countries, with...

While international news headlines remain largely focused on the war in Ukraine, little attention is given to the horrific consequences of the war which are felt in many regions...

The World Bank, on Wednesday, signed a $400 million loan agreement with Tunisia to help the country mitigate the impact of the COVID-19 pandemic, Anadolu News Agency reports. The...

The Central Bank of Morocco, the Foreign Exchange Authority and the Capital Market Authority have called on Moroccans to comply with laws that prohibit the use of cryptocurrency. The...

Tunisia's President Kais Saied has told the World Bank that an audit commission will be established to search for funds which have been looted or are otherwise unaccounted for....

The World Bank will lend Tunisia about $400 million to finance social reforms, the government said yesterday, Reuters reports. After a meeting with Prime Minister Najla Bouden, the World Bank Vice...

The memorandum of understanding signed between Jordan and the US that was signed in February 2018 ends this month, it pledged to provide $1.275 billion annually in bilateral foreign...

The World Bank blasted Lebanon's ruling class on Tuesday for "orchestrating" one of the world's worst national economic depressions due to their exploitative grip on resources, Reuters reports. The...

Lebanon has a confessional power-sharing system where representative numbers, political positions and power distribution are pre-determined among the religious groups in the country. There are 18 recognised religious communities...

Gaza is still suffering "from a particularly difficult economic situation with very high unemployment and deteriorating social conditions", the World Bank warned in a report this week. The report highlights the...

USAID and the International Cooperation Ministry has said that the US is giving Egypt seven grants worth $125 million to support education, health and other development projects. The news...

The World Bank has approved a $360 million development policy financing (DPF) loan to support Egypt's post-pandemic recovery, the lender said yesterday, Reuters reports. "To further support achievement of the...

Turkey is getting nearly $3.16 billion from abroad to spearhead its climate-friendly projects, the nation's president said on Thursday, and reported by Anadolu News Agency. "We will use $3.157...

The Palestinian government faces a major financial problem in public finances and debt, World Bank President David Malpass said yesterday. "I was in the West Bank a week ago....

On Tuesday, 12 October 2021, the World Bank said that governments around the world have responded to the Covid-19 pandemic by launching massive tax, monetary and fiscal stimulus packages....

Egypt ranks fifth worldwide in underreporting coronavirus and first in the Middle East, according to a report published by the World Bank. According to the report, Egypt's ratio of...

On a recent afternoon, Lebanese cryptocurrency trader Mario Awad was sorting out the details of a $2 million deal with a high-profile customer – complete with a hotel stay...

The World Bank said 6% of the North Africa population could be displaced by climate change, in its damning Groundswell II report. The report laid bare the extent of...

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...