Friday 29 April 2016
 
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Poor

Development banks urged to put more energy into power for poor

The World Bank and other major development banks are investing far too little in getting electric power to poor people around the globe, and should allocate at least half their energy budgets to such projects, environmental groups said.

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IDB in $53m deal to provide rural healthcare in India

The Jeddah-based Islamic Development Bank (IDB) has signed a SR200 million ($53.3 million) deal to provide medical care for poor rural people with a non-governmental organisation (NGO) in India, according to a report.  

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20pc phone users find services poor in Bahrain

About 20 per cent of telephone users in Bahrain are dissatisfied with the service they get, according to a new survey, reported the Gulf Daily News (GDN), our sister publication.   To read further, pleas

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Green Climate Fund aims to fund first projects in Nov

The Green Climate Fund, which is due to deliver billions of dollars to help poorer nations deal with climate change in the coming years, is aiming to allocate money to a first set of projects in November, ahead of a major UN climate conference

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SNIC gets credit ratings, outlook boost

Bahrain-based Saudi National Insurance Company (SNIC) has had its insurer financial strength and counterparty credit ratings affirmed as ‘BBB’ and outlook as ‘stable’ by Standard & Poor’s. The age

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World Bank doubles education pledge to $5bn

Leading learning company Pearson has welcomed the World Bank’s renewed commitment to improving basic education in some of the world’s poorest countries. On the eve of the World Education Forum in South Korea, the Presi

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Gap between rich and poor 'is widening'

The widening gap between haves and have-nots in much of the developed world not only raises concerns about the fraying social fabric - it's also dramatically holding back economic growth, according to a new global study. Far f

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$15.2m project to create jobs for youth, women in Jordan

A new $15.2 million project was signed in Rome aimed at reducing rural poverty, vulnerability and inequality in Jordan by creating employment and income-generating opportunities for the rural poor, especially women and youth. Zaid

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Malawi sells presidential jet to feed poor

The southeast African nation of Malawi said it plans to use the $15 million it gained from selling its presidential jet to feed the more than 1 million people suffering chronic food shortages. Malawi angered Western donors, whose

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India approves $20bn cheap grain plan for poor

India's lower house of parliament approved a plan worth nearly $20 billion on Monday to provide cheap grains to the poor, a key part of the ruling Congress party's strategy to win re-election.   Under the

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