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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

              Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade. Victor Besa / The National

              UAE working towards connecting 'new centres of growth' globally

              WorldApril 13, 2023
              Abdulhamid Alkhalifa, director-general of the Opec Fund for International Development. PA
              Play28:57:14

              Opec Fund 'happy' to take on ambitious climate financing pledge

              BusinessApril 13, 2023
              David Malpass, president of the World Bank, stressed the need for working capital financing to start flowing again. EPA

              Higher credit provision needed to exit slowing economy, World Bank chief says

              EconomyApril 13, 2023
              US Treasury Secretary Janet Yellen speaks during a news conference at the Treasury Department in Washington. Bloomberg

              Janet Yellen upbeat about global economy despite IMF outlook

              EconomyApril 11, 2023
              An oil pumpjack in Emlichheim, Germany. A host of data releases due this week will indicate global economic sentiment and potential demand for oil. AP Photo

              Oil fluctuates ahead of release of key data on crude demand and economy

              EnergyApril 11, 2023
              World Bank president David Malpass says advanced economies, including the US, are faring better than the lender anticipated in January. EPA

              World Bank raises global growth forecast slightly to 2%

              EconomyApril 10, 2023
              A woman walks past a sign for the 2023 Spring Meetings of the World Bank and International Monetary Fund in Washington, DC. The meetings will take place in person from April 10 to April 16. AFP

              World Bank may lend $50bn more over the next decade in line with key structural reforms

              EconomyApril 08, 2023
              A supermarket in Beirut. Lebanon's Blom purchasing managers’ index, a measure of the strength of its private sector, rose to 49.7 in March, from 48.8 in February. Getty

              Lebanon’s business conditions hit seven-month high

              EconomyApril 05, 2023
              World Bank president David Malpass announced a $50 billion plan to help countries deal with crises. Getty

              World Bank to boost middle-income lending arm by up to $50 billion

              BankingMarch 30, 2023
              Investment growth is weakening, with the 2022-24 average expected to be half that of the previous two decades, the World Bank said. Reuters

              Global economic growth 'to slump to three-decade low by 2030'

              EconomyMarch 27, 2023
              Old Cairo. Egypt's economy has faced immense strain since the Russia-Ukraine war began in February 2022. AFP

              World Bank and Egypt agree on $7bn framework

              EconomyMarch 22, 2023
              The aftermath of the February 6 earthquake in Aleppo's old town. AFP

              Syria’s real GDP likely to contract by 5.5% in 2023 on quake impact, World Bank says

              EconomyMarch 19, 2023
              President Sheikh Mohamed affirmed support for Qatar’s hosting of the 2026 IMF and World Bank meetings during a call with Sheikh Tamim. AFP

              President Sheikh Mohamed speaks with Qatar's Sheikh Tamim

              UAEMarch 13, 2023
              Ajay Banga, the US nominee to lead the World Bank, said the bank should be a catalyst for spurring lending from the private sector to mobilise the trillions of dollars needed for development. Bloomberg

              World Bank chief nominee urges private lenders to increase efforts to fight poverty

              EconomyMarch 11, 2023
              Migrants in Tunis head with their belongings to a repatriation flight. AFP

              World Bank suspends Tunisia talks after migrant attacks

              TunisiaMarch 07, 2023
              Collapsed buildings in Hatay on Monday, a month after a massive earthquake struck south-eastern Turkey. AFP

              Turkey-Syria quake reconstruction cost estimate soars to $100bn

              WorldMarch 07, 2023
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