Friday 17 August 2018
 
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World Bank

UAE most competitive economy in Mena: report

The United Arab Emirates (UAE) has the most competitive economy in the Mena region, said a new study from the World Bank Group and the World Economic Forum. The Arab World Competitiveness Report 2018, launched today, ranked the UA

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Cibafi, World Bank to hold 2nd joint summit

The General Council for Islamic Banks and Financial Institutions (Cibafi), the global umbrella of Islamic financial institutions and the World Bank have announced their second joint international conference. The summit on “C

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Demand for World Bank funding in Mena soars to $6.3bn

The demand for World Bank's funding in the Middle East and North Africa (Mena) region has risen to $6.3 during the financial year that ended on June 30, 2018. The figure rose following a strong demand from these countries for develo

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Earnings gaps between genders ‘costing $160trn’

Globally, countries are losing $160 trillion in wealth because of differences in lifetime earnings between women and men, said a new report released by the World Bank. This amounts to an average of $23,620 for each person in the 1

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WHO, World Bank drive to bolster health security

The World Health Organization (WHO) and World Bank Group have launched a new mechanism to strengthen global health security through stringent independent monitoring and regular reporting of preparedness to tackle outbreaks, pandemics, and other

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World Bank, IMF to hold 2021 meetings in Marrakech

The 2021 annual meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) will take place in Marrakech, Morocco, in October 2021, following a vote by the Boards of Governors of the two institutions. The annu

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Germany, World Bank agree new Mena partnership

The World Bank Group and the Government of Germany have announced new a strategic partnership to work towards a new and updated approach to reconstruction for peacebuilding in the Mena region. The announcement was made during the

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World Bank agrees $500m for Egypt education project

The Egyptian government and the World Bank have signed an agreement for the $500 million supporting the Egypt Education Reform project, which aims to improve teaching and learning conditions in Egypt’s public education system.

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IBRD joins World Bank risk database consortium

The International Bank for Reconstruction and Development (IBRD) said it has joined the Global Emerging Markets (GEMs) risk database consortium.   GEMs was established in 2009 as a joint effort between the Europe

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Infra spend rebounds in developing countries: WB

Multibillion-dollar projects, more target countries, and more government support fuelled a 37 per cent rebound in private sector investment in developing-country infrastructure projects, said the World Bank. Despite this optimism,

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