Sunday 26 October 2014
 
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World Bank

Global officials to warn of economic risk

Finance and development ministers from around the world next week will warn of considerable downside risks to the global economy, and call for an effort to protect the world's poor, a report said. With Europe flirting with def

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Three Gulf firms back She Works jobs initiative for women

Three Gulf-based companies are backing a private sector partnership that will improve job opportunities for more than 300,000 women worldwide over the next two years. The She Works partnership, launched by International Finance Co

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Slowing climate change makes economic sense: study

Investments to help fight climate change can also spur economic growth, rather than slow it as widely feared, but time is running short for a trillion-dollar shift to transform cities and energy use, an international report said on Tuesday.

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Bahrain at ‘forefront of liberalisation’ of telecom sector

Bahrain has been at the forefront of liberalisation of the telecommunications sector among the Arab countries, according to a recent report. The World Bank report, entitled ‘Broadband Networks in the Middle East and North Af

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World Bank eyes $500m via immunisation sukuk

The World Bank plans to raise as much as $500 million worth of Islamic bonds, or sukuk, this year to help fund an immunisation programme, one of several initiatives from the multilateral body in the Islamic finance sector. The Wor

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Saudi ACWA wins $100m equity investment

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

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Al Baraka-World Bank in key research partnership

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

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Tenmou selected as World Bank case study

Tenmou, Bahrain's first 'Business Angels', has been selected as a World Bank case study due to its success and innovation.   The World Bank report, titled "Creating Your Own Angel Investor Group:

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Yemen to begin $3.5bn international highway project

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,

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New water management drive launched at WFES

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.  

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