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World Bank

World Bank latest

World Bank: 40 Percent Of Lebanese Live In Poverty
February 9th, 2020 - 11:57 GMT

World Bank: 40 Percent Of Lebanese Live In Poverty

There is an increase in the number of people living below the poverty line in Lebanon, said the director of the World Bank’s Mashreq Department, which covers Lebanon, Iraq, Syria, Jordan and Iran. Saroj Kumar Jha stressed the “necessity to take into consideration the needs of poorer sections of society in any program that would be set by the Lebanese government.” Dr. Bashir Esmat, a professor of development studies and ...
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The Lebanese government estimates that around 1.5 million Syrian refugees live in unofficial camps around the country in deteriorating economic conditions. (AFP/File)
February 21st, 2017 - 07:39 GMT

Donors granted $1.9B to Lebanon in 2016 for refugee crisis

"The oil, gas and petrochemicals sectors will continue to be the backbone of economies across the Mena region," said Meed editorial director Richard Thompson. (Shutterstock)
February 20th, 2017 - 11:00 GMT

MENA continues heavy oil and gas spending despite low oil prices

Small fishing boats in Mirbat, Dhofar, Oman. (Shutterstock/JurateBuiviene)
February 16th, 2017 - 11:30 GMT

Oman's fisheries sector can become a world-class competitive industry: World Bank

Israel's Justice Minister Tzipi Livni, December 3, 2014. (AFP/File)
February 12th, 2017 - 03:00 GMT

After objection to Palestinian candidate, UN to nominate Israeli politician accused of war crimes

Recently, members of Oman’s Shura Council called for fuel prices to be fixed annually instead of monthly and to help low income families afford fuel. (Shutterstock)
February 7th, 2017 - 05:28 GMT

Bring subsidies back? Call for 'fuel stamps' to help the poor in Oman

The GCC economies are forecast to recover in 2017, except Oman and Bahrain. (File photo)
February 6th, 2017 - 01:00 GMT

Most GCC economies expected to recover for 2017 following 2016 slowdown

The UN has said it will need around $2 billion (1.8 billion euros) this year to confront what it calls the world's "largest food security emergency". (AFP/File)
January 28th, 2017 - 09:00 GMT

Yemen only three months away from major food shortages

Part of the famous Nubian sandstone quarries by Gebel el-Silsila in Upper Egypt has recently been made accessible to visitors by a short "tourist path". (Quarryscapes.no)
January 26th, 2017 - 05:10 GMT

Egypt appeals for $400M in World Bank project financing

THe NBI was launched as “a forum for consultation and coordination among the Basin States for the sustainable management and development of the shared Nile water and related resources." (Shutterstock)
January 25th, 2017 - 12:00 GMT

Egypt mulls return to the Nile Basin Initiative

The World Bank plans to donate funds to health and nutrition projects throughout Yemen, which has been embroiled in conflict for the two years. (AFP/File)
January 19th, 2017 - 01:00 GMT

Yemen to receive $450 million in aid from World Bank

A wholesale Islamic investment bank regulated by the Central Bank of Bahrain, Ibdar Bank is engaged in real estate, private equity, capital markets and investment advisory activities. (Trade Arabia)
October 24th, 2016 - 05:00 GMT

Bahrain's Ibdar Bank buys $78M prime housing complex in Maryland, US

Remittances and capital inflows are some of the few remaining elements that keep the struggling Lebanese economy on its feet. (File photo)
October 20th, 2016 - 10:00 GMT

Remittances to Lebanon to increase this year: World Bank

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