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World Bank

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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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A woman stands in line for subsidised bread. (AFP/File)
August 21st, 2016 - 10:00 GMT

Egypt-IMF deal brings in tough austerity measures

Syrian refugee children in Al-Ramtha, Jordan. (Wikipedia)
August 18th, 2016 - 05:00 GMT

Jordan defends itself against claims that it 'restricts Syrian refugee children’s access to schools'

Egypt has requested $1B from the UAE as part of $2 billion financial aid promised by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed during his visit to Cairo a few months ago. (File photo)
August 17th, 2016 - 01:09 GMT

Egypt looks to Arabia for another $5B in aid

Yemeni children walk through rubble after an airstrike in the Houthi-held Sanaa, capital of Yemen. (AFP/Mohammed Huwais)
August 17th, 2016 - 06:00 GMT

Houthis retaliate after airstrikes: Rocket attack kills seven in Saudi

Saudis’ spending abroad was the highest among all the Gulf states, and topped that of all Arab countries.  (AFP/Fayez Nureldine)
August 14th, 2016 - 12:14 GMT

Saudi tourists among top 20 of highest spenders abroad

It may not be a very luxurious travel experience, but budget airlines transport passengers from point A to point B at minimal cost. (Wikimedia Commons)
August 14th, 2016 - 04:00 GMT

Budget air travel: Plan well or risk paying more

Contracts traded during the five-day period ending August 4 suggest the market expects WTI prices could range from $29 a barrel to $61 a barrel. (File photo)
August 11th, 2016 - 10:00 GMT

EIA estimates oil prices will stabilize in 2017

Egypt announced in 2014 ambitious plans to develop renewable energy. (File photo)
August 7th, 2016 - 12:00 GMT

Investors' high hopes clouded by Egypt’s solar power struggles

By 2030, Saudi Arabia hopes to have employed millions of Saudi nationals in private sector. (File Photo)
August 4th, 2016 - 01:00 GMT

Saudi private sector to employ 4.1m nationals by 2030

The land giveaway is the latest sign that Hamas is struggling financially after almost a decade of uncontested power in the coastal strip. (AFP/File)
July 31st, 2016 - 01:00 GMT

Hamas handing out former settlement lands amid financial crisis

Egypt's central bank sub-governor Rania Al-Mashat. (AFP/File)
July 31st, 2016 - 11:00 GMT

Rania Al-Mashat to be new senior advisor to IMF

Syrian refugee children look on from a window during a sandstorm at a refugee camp on September 8, 2015 near the Bekaa Valley village of Taalabaya Lebanon. (AFP/File)
July 28th, 2016 - 02:00 GMT

World Bank renews $1.5 billion commitment to Lebanon

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