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Investment flows to developing states to soarThe percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up with richer nations and become more integrated into finan More… |
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Masdar, World Bank team up on clean techMasdar, Abu Dhabi’s renewable energy company, and the International Finance Corporation (IFC), the private sector arm of the World Bank, plan to collaborate on the advancement of clean energy projects. The Memorandum of Unde More… |
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Emerging nations risk Cyprus contagionDeveloping nations must be ready for a financial market selloff if the Cypriot banking sector collapses, World Bank Managing Director Sri Mulyani Indrawati said on Sunday, urging a swift resolution to the crisis in Cyprus. More… |
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UAE tops GCC in logistics performanceThe UAE has been positioned ahead of all GCC countries in the recently published World Bank’s Logistics Performance Index (LPI) 2012, said a senior official. The UAE has been listed 17th in the overall LPI rankings, outranki More… |
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IFC plans $6m investment in Egypt firmIFC, a member of the World Bank Group, has announced $6 million investment in Fawry, Egypt’s leading electronic payment provider, in an effort to extend crucial financial services and encourage economic development across the country. More… |
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World Bank approves $500m loan for TunisiaThe World Bank has approved a $500 million loan to Tunisia to support its 2013 budget and help its economy after the first Arab Spring uprising that toppled its former ruler, a minister said on Thursday. More… |
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World Bank cuts growth outlook for this yearA frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013. The World More… |
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World Bank pledges $900m for IraqThe World Bank pledged $900 million to Iraq over the next four years to help it create jobs, build stronger institutions and improve social inclusion, the global development lender said in a statement. More… |
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Global food prices stable but still highGlobal food prices remained stable, though close to 2008 record levels, the World Bank said on Thursday, as it warned that a "new norm" of costlier food was setting in and threatening to increase hunger and malnutriti More… |
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Heat waves could devastate MideastExtreme heat waves would devastate broad swaths of the earth's land, from the Middle East to the US, if the world fails to tackle the climate change issue, the World Bank said in a report. T More… |
