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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

World Bank President David Malpass at a global trade event in Washington. AFP

World Bank chief David Malpass to step down early

WorldFebruary 15, 2023

FILE - Event signage appears above the red carpet at the 77th annual Golden Globe Awards on Jan. 5, 2020, in Beverly Hills, Calif. The 80th annual Golden Globe Awards will take place on Tuesday, Jan. 10. (Photo by Jordan Strauss / Invision / AP, File)

World Economic Forum, Saudi Arabia’s Ardah dance, Golden Globes — Trending

Trending Middle EastJanuary 11, 2023

Tunisia is seeking $4 billion in funding from the IMF, which could help it to steer the nation out of its worst economic and financial crisis. Reuters

Tunisia aims to cut fiscal deficit to 5.5% in 2023 amid economic reforms

EconomyDecember 24, 2022

A man sells freshly picked berries in Kabul, Afghanistan, one of the countries spending at least a tenth of its export revenue to pay off rising debts. Nearly 75 countries, including Afghanistan, Ghana, Yemen and Ethiopia, are eligible to receive IDA resources. AFP

Poorest nations spend over 10% of export revenue on debt payments

EconomyDecember 06, 2022

Although the reopening of host economies has supported migrant employment, rising prices have hit real incomes and payments sent home, the World Bank said. Pawan Singh / The National

Global remittances set for 5% growth in 2022 despite economic headwinds

MoneyDecember 02, 2022

The world's poorest countries' annual debt service to official bilateral creditors increased 35 per cent over the past year, the World Bank said. Reuters

Poorest countries owing $62bn in bilateral debt now at risk of default, World Bank warns

EconomyDecember 02, 2022

The Dubai skyline. The UAE and Saudi Arabia led the economic growth of the six member economies of the GCC this year. AFP

Pandemic mitigation success sets up GCC economies to double growth this year

EconomyNovember 30, 2022

The weak Lebanese pound has led to enormous increases in the prices of goods and services, as companies seek to pass costs on to their customers. AP

Depreciating Lebanese pound fuels inflation as financial losses mount

EconomyNovember 24, 2022

The Royal Commission for AlUla and the World Bank will identify and develop heritage and tourism-focused SME operations. Photo: RCU

Royal Commission for AlUla and World Bank sign sustainable regeneration pact

Travel and TourismNovember 22, 2022

The Riyadh skyline. Saudi Arabia's economy is forecast to grow 8.3 per cent in 2022, a World Bank report has said. Reuters

GCC economies set to grow by 6.9% in 2022, World Bank says

EconomyOctober 31, 2022

An Air France aircraft is filled with sustainable aviation fuel before its first flight from Nice to Paris. Reuters

Sustainable aviation fuel production 'must expand beyond OECD'

AviationOctober 29, 2022

Mohamed Al Hussaini, UAE Minister of State for Financial Affairs, has been elected chairman of the development committee of the World Bank Group and the International Monetary Fund. Wam

UAE minister elected chairman of World Bank-IMF development committee

EconomyOctober 16, 2022

The village of Lyptsi, near Kharkiv, in northeastern Ukraine on October 15, 2022. Ukraine will need about $55 billion to cover next year's estimated budget deficit and rebuild critical infrastructure. EPA

World Bank says Ukraine has tenfold increase in poverty due to war

EuropeOctober 15, 2022

World Bank president David Malpass said the lender's staff and people are 'very focused on getting solutions to problems around the world, including the climate challenges'. Getty Images

World Bank chief says he will keep 'intense' focus on efforts to address climate change

EconomyOctober 08, 2022

A family stands in their home in Brasilandia, one of Sao Paulo, Brazil’s poorest neighbourhoods. AP

End of extreme poverty by 2030 unlikely, World Bank says

USOctober 05, 2022

People at a food market in Morocco. Better governance can mitigate the risk of debt distress for Mena's oil-importing countries amid a rising interest rate environment, the World Bank says. Doug Pearson / Corbis

Mena economies set for fastest expansion since 2016, World Bank says

EconomyOctober 05, 2022

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