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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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Despite a global image of SUVs and designer brands -- and a World Bank rating to boot -- Saudi Arabia is battling against a rising tide of poverty. (Image via Gulf News)
November 4th, 2013 - 12:12 GMT

Saudi Arabia’s dirty little secret: The KSA’s growing poverty rate

Israeli regime may soon be joining the club of oil-producers, as it plans to dig for oil in the West Bank.
November 3rd, 2013 - 01:50 GMT

Israel drilling into West Bank for oil

The proposed railway will link Oman to Kuwait via United Arab Emirates, Qatar, Bahrain and Saudi Arabia by 2018 (Courtesy of Arabian Business)
October 30th, 2013 - 04:00 GMT

Construction on $15.5 billion railway linking 6 Gulf countries to start next year

President Hassan Rouhani inherited an economy in recession as international sanctions against the country weakened its currency and accelerated inflation to about 40 percent in September.
October 23rd, 2013 - 10:03 GMT

Rouhani not pleased with $72 billion debt burden left behind by former administration

The Central Bank of Jordan (CBJ) has decided to reduce the interest rates on key monetary policy tools by 25 basis points (0.25 per cent) from Tuesday signaling lower rates at commercial banks.
October 22nd, 2013 - 11:06 GMT

In light of high confidence and large foreign deposits, Jordan's Central Bank lowers interest rates

Finance Minister Umayya Toukan on Sunday said that the government is set to issue the US-guaranteed eurobonds on international markets on October 28, the Jordan News Agency, Petra, reported.
October 21st, 2013 - 11:48 GMT

Jordan to issue US-backed eurobonds next week, more foreign aid to come

With a gross domestic product (GDP) of $735 billion, Turkey became the 18th largest economy in the world despite of the lack of abundant natural resources such as oil & gas and despite of its big energy consumption.
October 20th, 2013 - 08:59 GMT

Can Turkey's successful economic model be replicated?

World Bank chief Jim Yong Kim has warned that the US was headed toward peril as politicians failed again to resolve a standoff over the budget and debt ceiling.
October 13th, 2013 - 09:40 GMT

'Global growth subdued' and 'US headed towards to danger', says IMF, World Bank

"Since Area C is where the majority of the West Bank’s natural resources lie, the impact of these restrictions on the Palestinian economy has been considerable," the report concludes.
October 8th, 2013 - 12:56 GMT

C for choking: Area C constrictions costing Palestinians $3.14 billion

 Kuwait ranked third in the Gulf with $8.5 billion sent abroad in 2012, while the expats in Saudi Arabia transferred $27.6 billion, and expats in United Arab Emirates remitted $20.3 billion.
October 7th, 2013 - 02:29 GMT

Working to send, not to spend: GCC expats driving remittance flows

Over two million refugees have fled war-torn Syria. [reformjudaism]
October 2nd, 2013 - 08:42 GMT

Syrian refugees spark quota debate

Saudi women gathered to talk. [jafriannews]
September 30th, 2013 - 09:04 GMT

Empowered Saudi business women on the rise

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