The Spectator

Tag : World Bank

News

Pakistan bears largest share of rising MENAAP poverty

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– Pakistan accounts for about 48% of people living in extreme poverty across the Middle East, North Africa, Afghanistan and Pakistan region, according to the World Bank’s October 2026 economic update. The measure uses the...
Business

World Bank forecasts UAE economy to grow 5 percent in 2026

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The international financial community maintains a highly positive outlook on the economic trajectory of the United Arab Emirates. Recent macroeconomic assessments published by the World Bank Group indicate that the sovereign state will experience robust...
Business

World Bank backs Morocco hydropower storage with $265m

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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 a major storage project designed to help...
Business

World Bank approves US$700 million loan for Jordan jobs

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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 Development Policy Financing II program. It supports...
Business

Egypt secures $1 billion World Bank reform support

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CAIRO: The World Bank Group has approved US$1 billion in new financing for Egypt to support private sector-led job creation, bolster macroeconomic and fiscal resilience, and advance measures tied to a greener economy, marking the latest multilateral backing...
Business

Syria gets US$225 million World Bank water health aid

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WASHINGTON: The World Bank’s Board of Executive Directors approved US$225 million in grant financing from the International Development Association for Syria on April 23, allocating US$150 million for water services and US$75 million for health services. The financing...
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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MENA Newswire News Desk: The World Health Organisation (WHO) has issued a stark warning about emerging global threats, highlighting that the risk of pandemics is growing. A report released today by the Global Preparedness Monitoring Board...