International Finance Corporation (IFC), a unit of the World Bank, has completed a SR375 million ($100 million) equity investment in Saudi Arabia-based water and power project developer ACWA Power.
The investment will boost the am
Bahrain-based Al Baraka Banking Group (ABG) is collaborating with the World Bank for research into risk management and enabling environment in Islamic finance.
The partnership's first initiative, part of a planned series of research
Yemen has announced plans to build a $3.5 billion highway linking the southern port city of Aden to Saudi Arabia, starting work in the next three months on what will be one its biggest ever infrastructure projects.
The World Bank,
The World Bank is launching a new initiative at the World Future Energy Summit (WFES) and International Water Summit in Abu Dhabi to help developing countries better manage energy capacity in tandem with water resource management.
The World Bank will be launching its 'Thirsty Energy' initiative at the 7th Annual World Future Energy Summit (WFES) and the 2nd International Water Summit which kick off tomorrow (January 20) at Abu Dhabi National Exhibition Centre.
The World Bank has raised its forecast for global growth for the first time in three years as advanced economies started to pick up pace, led by the US.
The rosier outlook suggests the world economy is finally breaking free from a
A major conference on international accounting standards for Islamic finance is being organised in Bahrain in partnership with the World Bank.
Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (
Bahrain’s Ahli United Bank (AUB) said the International Finance Corporation (IFC), the World Bank’s private sector arm, has bought 167 million shares in the lender as part of conversion of its preference shares in the bank to equity.
The World Bank sharply lowered its forecast for India's economic growth to 4.7 percent from 6.1 percent for the current fiscal year, citing a sharp slowdown in manufacturing and investment as well as negative business confidence.