The heads of the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank Group will meet on Monday to discuss the energy crisis triggered by the Iran war.
The Heads of the International Energy Agency, International Monetary Fund, and World Bank Group have agreed to form a coordination group to maximise their institutions’ response to the energy and economic impacts of the war in the Middle East.
The impact of the Middle East war is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries, said heads of the International Energy Agency, International Monetary Fund, and World Bank Group.
Global growth is likely to take a noticeable hit from the ongoing Middle East conflict, even if a ceasefire holds, according to an interview given by World Bank President Ajay Banga to Reuters.
The World Bank is this week launching a new global initiative - the Water Forward - designed to strengthen water security and scale partnerships that mobilse investment and unlock economic potential. Water underpins 1.7 billion jobs globally across agriculture, industry, energy, and services.
The UAE has won the hosting rights for the 2029 meetings of the World Bank Group and the International Monetary Fund in the capital, Abu Dhabi, said HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, in his X post.
The heads of the International Energy Agency, International Monetary Fund, and World Bank on Wednesday said they will form a coordination group to maximise their response to the significant economic and energy impacts of the war in the Middle East.
Economic growth across the Gulf Cooperation Council (GCC) gained momentum in 2025, supported by structural reforms and rapid digital innovation, said a World Bank report. The UAE is expected to top the region with 4.8% growth in the year.
Bahrain has been ranked second regionally and 15th globally among 197 countries on the World Bank Group’s 2025 GovTech Maturity Index (GTMI), a milestone achievement.
Appian Capital Advisory, an investment advisor with a major presence in the region, has joined forces with International Finance Corporation (IFC), a member of the World Bank Group to launch a new $1 billion critical minerals and metals fund for emerging markets.
