The Spectator

Tag : World Bank

Business

World Bank backs Morocco hydropower storage with $265m

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RABAT, MOROCCO / MENA Newswire / – The World Bank has approved $265 million to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a 300-megawatt clean energy facility planned for the country’s north. The financing backs...
Business

World Bank approves US$700 million loan for Jordan jobs

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AMMAN, JORDAN / MENA Newswire / – The World Bank approved a US$700 million loan for Jordan to support private investment, job creation and economic reforms. The financing falls under the Jordan Growth and Competitiveness...
Business

Egypt secures $1 billion World Bank reform support

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Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide....
Business

Syria gets US$225 million World Bank water health aid

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Syria will receive US$225 million in World Bank grants to rebuild water and health services after years of conflict damage nationwide....
Business

ADB unveils fund to speed ASEAN power grid plans

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MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and transmission projects in Southeast Asia. The new vehicle, called the...
Business

World Bank projects strong UAE economic growth through 2027

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MENA Newswire, ABU DHABI: The World Bank has forecast that the United Arab Emirates economy will grow by 5 percent in 2026 and 5.1 percent in 2027, positioning the country among the fastest growing economies in the...
Health

WHO report highlights new global pandemic risks for 2024

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The WHO has warned of rising pandemic threats in a report highlighting recent disease outbreaks, including Marburg virus, Mpox, and avian influenza, and urges stronger global preparedness....
News

World Bank commits $2 billion for reforms and flood relief in Bangladesh

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Bangladesh will receive over $2 billion in new funding from the World Bank this fiscal year to support reforms, flood response initiatives, and improvements in healthcare....
Business

World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023

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The World Bank has released its projection stating that the United Arab Emirates (UAE) is expected to experience a robust growth of 4.8% in its non-oil sector in 2023, contributing to an overall GDP growth...