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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

              The World Bank projects the UAE economy to grow at 4.9 per cent in 2026 and 2027. Antonie Robertson/The National

              World Bank upgrades UAE growth forecast to 4.6% this year

              EconomyJune 11, 2025
              Collapsed buildings in Aleppo. The estimated cost of reconstruction in Syria varies from $250 billion to $500 billion. AFP

              World Bank clears Syria of $15.5m debt

              EconomyMay 16, 2025
              Putting a stop to flaring is expected to result in environmental and economic benefits. Reuters

              UAE hosts World Bank meeting to curb global gas flaring by 2030

              EnergyMay 01, 2025
              US Treasury Secretary Scott Bessent called on the International Monetary Fund and World Bank to refocus on their core missions. Reuters

              Reforms needed at IMF and World Bank, US Treasury Secretary says

              USApril 23, 2025
              How surging gold prices are affecting sales down at the Gold Souq. Deira, Dubai. Chris Whiteoak / The National

              Middle East economic growth to pick up pace in 2025

              EconomyApril 23, 2025
              IMF Managing Director Kristalina Georgieva speaks during a curtain-raiser speech ahead of the 2024 spring meetings at the fund's headquarters in Washington. Bloomberg

              Spring meetings begin as Trump tariffs loom over world economy

              EconomyApril 21, 2025
              World Bank President Ajay Banga says his institution has had active discussions with the new US administration. Bloomberg

              World Bank president urges more open trade among developing countries

              EconomyApril 16, 2025
              A bank customer holds a placard reading 'The new president's priority must be depositors' savings' during a demonstration in downtown Beirut. EPA

              Lebanon's bank customers won't see the $93 billion they're owed 'any time soon'

              BusinessApril 16, 2025
              Buildings destroyed by Israeli strikes near the border wall in the southern Lebanese village of Ramia. AFP

              Lebanon needs $11bn for post-war recovery, says World Bank

              EconomyMarch 07, 2025
              Destruction across the city of Jabalia in the Gaza Strip. The UN, World Bank and EU say it will cost $53 billion to rebuild Gaza. AP

              Gaza not ready for rebuilding amid security and governance hurdles, UN says

              MENAFebruary 19, 2025
              Saudi Arabia and other Opec+ members extended their voluntary production cuts in December last year. AFP

              Voluntary Opec+ production cuts reduce Middle East’s 2025 outlook, World Bank says

              EconomyJanuary 16, 2025
              A market in Cairo. Egypt held the most external debt in the Middle East and North Africa last year, World Bank data shows. EPA

              World Bank: Middle East and North Africa debt climbs to a record $443bn

              EconomyDecember 03, 2024
              President Joe Biden at the G20 Summit in Rio de Janeiro, Brazil. Mr Biden's pledge is part of his efforts to future-proof alliances and his climate legacy. AP

              Biden pledges $4bn to World Bank for poorest countries

              USNovember 19, 2024
              The price of Brent crude oil is expected to average $80 per barrel this year, before falling to $73 and $72 per barrel in 2025 and 2026, respectively, according to the World Bank. Reuters

              'Oil glut' could limit impact of Middle East conflict on crude prices

              BusinessOctober 29, 2024
              The finance ministers of Bahrain, Saudi Arabia, Kuwait and Qatar attend a GCC discussion on the sidelines of the IMF and World Bank annual meetings in Washington. Kyle Fitzgerald / The National

              Gulf ministers highlight economic potential of integration at IMF and World Bank meetings

              BusinessOctober 24, 2024
              Palestinians wait for aid lorries in the central Gaza Strip on May 19, 2024. AP

              Gaza and West Bank in 'largest economic crisis to date'

              EconomyOctober 20, 2024
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