Tuesday 28 April 2015
 
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World Bank

Arab fund, World Bank in pact to boost finance sector

The Arab Monetary Fund and the World Bank Group (WBG) yesterday (April 18) signed an enhanced partnership framework to support countries in the Arab region in developing their economies and financial markets. This initiative will

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World Bank offers $1bn to Egypt clean water project

The World Bank is supporting Egypt’s ‘polluted villages’ project with $1 billion in loans, a report said. The funds will be used for the project in Al-Salam Canal in Upper Egypt, and the Rosetta branch of the Nil

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World Bank offers $1bn to Egypt clean water project

The World Bank is supporting Egypt’s ‘polluted villages’ project with $1 billion in loans, a report said. The funds will be used for the project in Al-Salam Canal in Upper Egypt, and the Rosetta branch of the Nil

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World Bank cuts global economic outlook

The World Bank on Tuesday lowered its global growth forecast for 2015 and next year due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices. The

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Oil slump won't derail $500bn Gulf infrastructure plan

Slumping oil prices will not halt a massive ramp-up in Gulf infrastructure spending, as rich nations deploy huge reserves to maintain a breakneck development pace and the rest turn to buoyant funding markets. However, states are b

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Qatar, UAE top global ranking for paying taxes

Qatar and UAE share an equal first place in a global ranking for the total tax rate, the number of payments and the time taken to comply, a report said. Qatar has a total tax rate of 11.3 per cent, takes 41 hours to comply and there are

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Global officials to warn of economic risk

Finance and development ministers from around the world next week will warn of considerable downside risks to the global economy, and call for an effort to protect the world's poor, a report said. With Europe flirting with def

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Three Gulf firms back She Works jobs initiative for women

Three Gulf-based companies are backing a private sector partnership that will improve job opportunities for more than 300,000 women worldwide over the next two years. The She Works partnership, launched by International Finance Co

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Slowing climate change makes economic sense: study

Investments to help fight climate change can also spur economic growth, rather than slow it as widely feared, but time is running short for a trillion-dollar shift to transform cities and energy use, an international report said on Tuesday.

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Bahrain at ‘forefront of liberalisation’ of telecom sector

Bahrain has been at the forefront of liberalisation of the telecommunications sector among the Arab countries, according to a recent report. The World Bank report, entitled ‘Broadband Networks in the Middle East and North Af

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