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.
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
The World Bank plans to raise as much as $500 million worth of Islamic bonds, or sukuk, this year to help fund an immunisation programme, one of several initiatives from the multilateral body in the Islamic finance sector.
International Finance Corporation (IFC), a unit of the World Bank, has completed a SR375 million ($100 million) equity investment in Saudi Arabia-based water and power project developer ACWA Power.
The investment will boost the am
Bahrain-based Al Baraka Banking Group (ABG) is collaborating with the World Bank for research into risk management and enabling environment in Islamic finance.
The partnership's first initiative, part of a planned series of research
Yemen has announced plans to build a $3.5 billion highway linking the southern port city of Aden to Saudi Arabia, starting work in the next three months on what will be one its biggest ever infrastructure projects.
The World Bank,
The World Bank is launching a new initiative at the World Future Energy Summit (WFES) and International Water Summit in Abu Dhabi to help developing countries better manage energy capacity in tandem with water resource management.
The World Bank will be launching its 'Thirsty Energy' initiative at the 7th Annual World Future Energy Summit (WFES) and the 2nd International Water Summit which kick off tomorrow (January 20) at Abu Dhabi National Exhibition Centre.
The World Bank has raised its forecast for global growth for the first time in three years as advanced economies started to pick up pace, led by the US.
The rosier outlook suggests the world economy is finally breaking free from a