Iraq is opening a new chapter
The World Bank pledged $900 million to Iraq over the next four years to help it create jobs, build stronger institutions and improve social…
December 19, 2012 8:40
Egypt sees IMF deal in 2 months, eyes World Bank aid
Egypt's prime minister expects to conclude a $4.8 billion IMF loan deal within two months and is in talks for additional budget support worth about $1 billion from the World Bank and the African Development Bank (AfDB), he said on Sunday.
September 9, 2012 5:26
World Bank seeks investors for MENA fund
IFC to set up $500 million fund; Invested $3 billion in MENA region since Arab Spring; Targets $2.4 billion investment over next year
June 12, 2012 11:09
Weak business laws make Kuwait punch below its weight –World Bank
Kuwait is punching below its weight in business due to its weak regulatory framework and needs to improve its insolvency laws so that distressed companies can restructure properly, a World Bank official said on Tuesday.
May 30, 2012 12:51
World Bank OKs $240M loan for Egypt power plant
The World Bank approved on Tuesday a $240 million loan to help Egypt develop the Giza North power project as it strives to meet growing demand for electricity.
February 15, 2012 2:26
Brace yourself: Grim forecast for 2012, says World Bank
The World Bank sharply cuts global economic growth forecast, seeing "real" risk of a slump like 2008/09. And it looks like it’ll be worse for developing countries
January 18, 2012 3:14
World Bank to poorer nations: brace for a slowdown
The World Bank warned on Tuesday that developing countries should brace for a growth slowdown stemming partly from Europe's debt woes, as it sharply scaled back its estimates for expansion.
January 18, 2012 2:07
IFC plans $1B MENA investments by end-June
International Finance Corp., a unit of the World Bank, plans to invest close to $1 billion by the end of June in countries including Egypt, Iraq, Jordan and Libya, its regional director said on Sunday.
January 15, 2012 2:45
Optimism’s good, but is it right?
Dynamic corporate leaders in the region are increasingly approaching their roles with optimism and energy. But this contrasts with analysts, who remain resolutely cautious about the economic environment.
June 22, 2010 2:29World Bank supports Lebanon’s economic reforms with $500 million
Financial support targets the effects of the economic crisis on the MENA region, says World Bank VP.
May 20, 2010 10:13UAE is Gulf’s top logistics hub
World Bank ranks the Emirates 24th worldwide and top in the GCC for its transport infrastructure
January 16, 2010 6:09World Bank unit to raise $100 million in Islamic bonds
The World Bank's International Finance Corporation…
October 14, 2009 3:36UAE calls for regional financial market
The UAE's central bank governor, Sultan bin Nasser Al Suweidi, called on the GCC to establish a regional financial market amid claims...
October 4, 2009 1:36MENA region to grow by 4pc in 2010, says World Bank
The World Bank says the Middle East and North African (MENA) region will grow by 4 percent in 2010, and warned...
October 3, 2009 10:47
8 predictions about the global economy during the financial crisis
Financial leaders from around the world have been forecasting where economies are heading because of the slowdown. Here are eight of them.
March 12, 2009 11:53
Yahoo won't 'screw up' Tumblr
The search engine giant confirms its purchase of popular blogger site.
May 21, 2013 2:52
Arabtec workers: strike will continue
Employees say no promises for higher wages have yet been made.
May 21, 2013 11:57
Kuwait: expats sent packing
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
A maid's wage
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43