Friday 11 July 2014
 
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World Bank

Yemen to begin $3.5bn international highway project

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,

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New water management drive launched at WFES

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.  

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World Bank to launch ‘Thirsty Energy’ initiative

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.

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Global economy poised for stronger growth

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

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Islamic finance forum begins in Bahrain

A major conference on international accounting standards for Islamic finance is being organised in Bahrain in partnership with the World Bank. Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (

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World Bank unit acquires AUB shares

Bahrain’s Ahli United Bank (AUB) said the International Finance Corporation (IFC), the World Bank’s private sector arm, has bought 167 million shares in the lender as part of conversion of its preference shares in the bank to equity.

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World Bank cuts India growth forecast to 4.7pc

The World Bank sharply lowered its forecast for India's economic growth to 4.7 percent from 6.1 percent for the current fiscal year, citing a sharp slowdown in manufacturing and investment as well as negative business confidence.

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World Bank to halve extreme poverty by 2020

World Bank President Jim Yong Kim said the global development lender must work to halve extreme poverty in the next seven years if it is to reach a more ambitious target set for 2030. Kim in April set a goal to reduce the number o

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World Bank cuts China, East Asia growth forecasts

The World Bank lowered its 2013 and 2014 economic growth forecasts for China and most of developing East Asia on Monday, citing slower growth in the world's most populous nation as well as weaker commodity prices that have hurt exports and

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Bahrain inks energy use accord with World Bank

Bahrain has launched an Energy Efficiency Programme (KEEP) in association with the World Bank aimed at making optimal use of energy in order to maintain resources and support development plans and programmes. The accord was signed

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