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          World Bank

          A market in Cairo. Egypt held the most external debt in the Middle East and North Africa last year, World Bank data shows. EPA

          World Bank: Middle East and North Africa debt climbs to a record $443bn

          EconomyDecember 03, 2024
          President Joe Biden at the G20 Summit in Rio de Janeiro, Brazil. Mr Biden's pledge is part of his efforts to future-proof alliances and his climate legacy. AP

          Biden pledges $4bn to World Bank for poorest countries

          USNovember 19, 2024
          The price of Brent crude oil is expected to average $80 per barrel this year, before falling to $73 and $72 per barrel in 2025 and 2026, respectively, according to the World Bank. Reuters

          'Oil glut' could limit impact of Middle East conflict on crude prices

          BusinessOctober 29, 2024
          The finance ministers of Bahrain, Saudi Arabia, Kuwait and Qatar attend a GCC discussion on the sidelines of the IMF and World Bank annual meetings in Washington. Kyle Fitzgerald / The National

          Gulf ministers highlight economic potential of integration at IMF and World Bank meetings

          BusinessOctober 24, 2024
          Palestinians wait for aid lorries in the central Gaza Strip on May 19, 2024. AP

          Gaza and West Bank in 'largest economic crisis to date'

          EconomyOctober 20, 2024
          An Israeli strike in Lebanon. The economic cost of the Middle East conflict goes beyond what indicators can measure, the World Bank says. Getty Images

          World Bank downwardly revises outlook for Mena economic growth

          EconomyOctober 16, 2024
          People receive chemotherapy for cancer, provided free of charge at hospital run by the Syrian American Medical Society Foundation, in Idlib, Syria. EPA

          Cancer patients fleeing war zones deprived of crucial support

          HealthSeptember 17, 2024
          Childrens are seen playing in one of slum area with skyscrapers as background in Jakarta, highlight soaring global inequalities. Getty Images

          Eighty years on from Second World War, can West eradicate poverty?

          NewsSeptember 06, 2024
          Egypt faced a severe foreign currency crisis last year that led to the emergence of a parallel market in the country and a drop in remittances through official channels. EPA

          Remittances to Mena's low-income countries set to grow at fastest pace

          EconomyJune 27, 2024
          A cargo ship moves from the Francis Scott Key Bridge to the Seagirt Marine Terminal at the Port of Baltimore in the US. The World economy is expected to be driven by moderate increases in trade and investment in the coming years. Reuters

          Global growth to stay steady at 2.6% in 2024, World Bank says

          EconomyJune 11, 2024
          People queue outside a bakery in the southern Lebanese city of Sidon. The country has been gripped by an economic crisis since 2019. AFP

          Poverty in Lebanon tripled over a decade, World Bank says

          EconomyMay 23, 2024
          Pakistan's Finance Minister Muhammad Aurangzeb was in Washington last week for the IMF and World Bank Spring Meetings. Joshua Longmore / The National

          Pakistan bullish on economic outlook as new IMF loan expected

          EconomyApril 22, 2024
          Saudi Finance Minister Mohammed Al Jadaan speaks at IMF headquarters in Washington. AFP

          Saudi finance minister says IMFC 'not the forum' to resolve geopolitical issues

          BusinessApril 19, 2024
          The largely destroyed city of Khan Younis in the Gaza Strip after the Israeli army withdrawal. The World Bank previously reported that economic activity in Gaza is at a near standstill due to the war. EPA

          Extreme uncertainty underpins subdued Mena growth forecasts

          EconomyApril 18, 2024
          A market in Lahore, Pakistan. Debt levels among low-income countries have soared since central banks lifted interest rates in response to rising inflation. AP

          Global economy improving but challenges persist, G24 says

          EconomyApril 16, 2024
          IMF economic counsellor Pierre-Olivier Gourinchas said the global economy is displaying resilience and growth, but stressed that challenges lie ahead. AFP

          Global economy resilient but inflation must be priority, IMF says

          EconomyApril 16, 2024