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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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Lebanon’s gross domestic product dropped 2.9 percent annually between 2012 and 2014
June 3rd, 2014 - 10:07 GMT

Lebanon $7.5 billion short thanks to Syria conflict

Output from the hydrocarbon sector was a key driver of growth from 2011 onwards when benchmark oil prices were $100 per barrel or above. This is in contrast to world GDP growth, which is recovering at quite a slow pace — below three per cent for the third year in a row — and downside risks fail to subside.
May 28th, 2014 - 05:47 GMT

Egypt and Yemen included? MENA economies to grow faster than the rest of the world

Al Bawaba
May 25th, 2014 - 08:56 GMT

Thank you Rouhani? Iran's hotels are filling up with tourists

Al Bawaba
May 25th, 2014 - 04:00 GMT

Planning a vacation this summer? Iran prepares for tourist invasion in 2014

The grant from the World Bank is the sixth in a series totaling $240 million. (AFP/File)
May 22nd, 2014 - 04:00 GMT

World Bank grants $40m to Palestinian Authority

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
May 21st, 2014 - 03:55 GMT

Another burnt bridge to mend: Iran pursuing World Bank loan

Al Bawaba
May 20th, 2014 - 09:17 GMT

Taking it easy: UAE passes draft law on relaxing prison punishment for debt defaulters

Experts say that one of the factors behind constrained bank lending to smaller firms is the lack of progress among SMEs in building a proper financial infrastructure.
May 18th, 2014 - 02:55 GMT

Going slow, but not small: why is GCC lending to SME's lagging behind?

Rizq added that he expects the contract with the winning consortium to be announced within days, and that the consortium will finish and present the plan to the cabinet within six months after the announcement.
May 16th, 2014 - 12:29 GMT

Checking in: where does Egypt's impending Suez Canal Development Project stand?

Al Bawaba
May 13th, 2014 - 11:33 GMT

Does Islamic rule help women? One professor says "yes!"

She went on to add that in many Arab countries naming Egypt, Morocco and Jordan they saw a decline in the welfare of their middle class compared to their share of the societal wealth in the 1960s.
May 11th, 2014 - 10:56 GMT

Christine Lagarde and the 'missing link' in Arab economies: the middle class

Fawry is a bilingual Arabic-English platform which allows customers to pay for services either online, via mobile phone, or at a point of sale machine.
May 11th, 2014 - 04:55 GMT

For once, it's Egypt 'aiding' the Gulf: electronic payment platform 'Fawry' to make it to GCC

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