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TN Magazine Special reports Weekend

Road to Net Zero

Music & On-stage

Fashion & Beauty

Road to Net Zero

Music & On-stage

Fashion & Beauty

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World Bank

News from the global financial institution that provides loans and grants to developing countries, aiming to reduce poverty and foster economic development

A home improvement store in Brooklyn. The US Federal Reserve is expected to cut interest rates this year after raising its benchmark policy rates since March 2022 to bring down consumer prices from a 40-year high. Getty Images / AFP

IMF raises global growth estimate as prospects of soft landing rise

EconomyJanuary 30, 2024

A farmer works in a rice field in India. Prices of the grain rose in December amid an export ban by New Delhi. AP

World food prices dropped in 2023, easing food inflation concerns

EconomyJanuary 05, 2024

An Israeli artillery shell explodes over a house in Al Bustan, Lebanon. An increase in border violence would hit the country's economy. AP

Gaza war to drag Lebanon's economy into recession, World Bank says

EconomyDecember 22, 2023

Palestinian shops in Ramallah that were closed during a strike to show solidarity with Gaza. Most formal businesses in Gaza have suspended operations due to the war with Israel. AP

Palestinian economy to shrink 3.7% in 2023, World Bank says

EconomyDecember 13, 2023

Events on the sidelines of Cop28 in Dubai were told increased private-sector finance was needed to fund climate transition. Getty Images

Private sector needs to step up to fund climate transition, Cop28 hears

Cop28December 04, 2023

Saudi Arabia’s GDP is expected to contract by 0.5 per cent this year before rebounding to 4.1 per cent in 2024. AFP

GCC economies set to grow this year and next, World Bank says

EconomyNovember 22, 2023

Smoke rises following an Israeli air strike in the Gaza Strip, as seen from southern Israel. AP

War has brought ‘complete collapse’ of Gaza’s economy

EconomyNovember 22, 2023

A man walks within the premises of Al Shifa Hospital during the Israeli ground operation in Gaza city. Reuters

Global economy to take hit if world dragged into Israel-Gaza war

EconomyNovember 16, 2023

A firefighter tries to extinguish a wildfire on burned peatland and fields on September 23 in South Sumatra, Indonesia. Developing nations with a minimal carbon footprint have for years been bearing the brunt of increasing temperatures, extreme weather and rising sea levels. Getty

Why a loss and damage deal bodes well for Cop28

EditorialNovember 06, 2023

More attention should be given to water, transportation and reducing methane emissions to combat climate change, said Makhtar Diop. The National

Cop28 opportunity for capital market commitment and blended finance, IFC head says

EconomyOctober 30, 2023

The World Bank expects oil prices to average $90 a barrel in the current quarter before declining to $81 a barrel next year. AP

Oil prices could hit $157 due to Israel-Gaza war, World Bank says

EnergyOctober 30, 2023

The King Abdullah Financial District in Riyadh is part of Saudi Arabia's efforts to boost the financial services sector in the kingdom as it continues to pursue its economic diversification goals. Bloomberg

Mena oil exporters making progress on economic reforms, World Bank says

EconomyOctober 27, 2023

Sheikh Maktoum bin Mohammed, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance and Ajay Banga, World Bank president, during their meeting. Photo: Dubai Media Office

Sheikh Maktoum bin Mohammed and World Bank president hold talks

EconomyOctober 26, 2023

Among the 6,000 delegates at the annual Future Investment Initiative in Riyadh, there was palpable excitement about the future of Saudi Arabia. EPA

War dominates talk on FII sidelines but excitement over Saudi Arabia prevails

CommentOctober 25, 2023

The World Bank and IsDB partnership was unveiled on the sidelines of the Future Investment Initiative summit in Riyadh. AFP

World Bank and Islamic Development Bank to fund up to $6bn in Mena projects

EconomyOctober 25, 2023

World Bank President Ajay Banga says there is a 'growing divergence' between developing and developed economies. EPA

Global economy at a ‘dangerous juncture’, World Bank warns

EconomyOctober 24, 2023

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