World Bank
World Bank lends Iraq $1.2 billion to face oil, security shocks
Middle East
December 18, 2015
World Bank lends Iraq $1.2 billion to face oil, security shocks
The World Bank said on Thursday it would lend Iraq $1.2 billion in emergency support to help it deal with…
World Bank approves $3 billion loan for Egypt: cooperation minister
Egypt
December 18, 2015
World Bank approves $3 billion loan for Egypt: cooperation minister
The World Bank has approved a $3 billion loan for Egypt, to be disbursed over the next three years, International…
World Bank’s loan gives credibility to Egypt’s economy: PM
Business
December 15, 2015
World Bank’s loan gives credibility to Egypt’s economy: PM
Prime Minister Sherif Ismail said on Monday that the World Bank's approval of a US$3-billion loan gives credibility to Egypt…
$1.5 bn worth of int’l loans to be channeled to State coffers before end of 2015: minister
Egypt
November 21, 2015
$1.5 bn worth of int’l loans to be channeled to State coffers before end of 2015: minister
International Cooperation Minister Sahar Nasr has said that the World Bank and African Development Bank have initialed two loans worth…
INTERVIEW- New bond scheme seen for Middle East, N. Africa by spring: World Bank
Business
November 18, 2015
INTERVIEW- New bond scheme seen for Middle East, N. Africa by spring: World Bank
A new international bond and grant scheme to help countries dealing with the fallout of war and instability in the…
Negotiations on $3 bn World Bank loan move to Washington
Egypt
November 11, 2015
Negotiations on $3 bn World Bank loan move to Washington
Negotiations between the Egyptian government and the World Bank over a loan have been transferred from Cairo to Washington, DC. Minister…
World Bank warns climate change could add 100 mn poor by 2030
Environment
November 9, 2015
World Bank warns climate change could add 100 mn poor by 2030
Without the right policies to keep the poor safe from extreme weather and rising seas, climate change could drive over…
Egypt drops to 131st place in quality of business environment: World Bank
Business
October 28, 2015
Egypt drops to 131st place in quality of business environment: World Bank
Egypt has ranked 131st among 188 countries when gauging positive factors encouraging local and foreign investors to start a business,…
Egypt seeks finance packages at US$6 bn
Business
October 18, 2015
Egypt seeks finance packages at US$6 bn
Egypt’s government said negotiations have intensified over the past few days to obtain US$6 million in financing packages to offset…
Shift from fossil fuels risks popping ‘carbon bubble’: World Bank
Environment
October 11, 2015
Shift from fossil fuels risks popping ‘carbon bubble’: World Bank
The transition from fossil fuels must be carefully managed to avoid an economically disastrous bursting of the "carbon bubble," the…