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This file photo shows a worker walking on an oil pipeline at the Khurmala oil field on the outskirts of the city of Erbil, in Iraq’s Kurdistan region, on December 4, 2013. (Reuters/Stringer)
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Inger Andersen, the World Bank’s vice president for the Middle East and North Africa, smiles during a news conference in Rabat, Morocco, on September 7, 2012. (AFP Photo/ Abdelhak Senna)
World Bank Vice-President: Half of region’s population living on less than $4 a day
Washington DC, Asharq Al-Awsat—With war and chaos gripping parts of the Arab world, it is easy to forget that the economic situation across wide swaths of the Middle East and North Africa (MENA) is also bleak. The dire economic prospects of many regional states were...Caption:
International Monetary Fund (IMF) Managing Director Christine Lagarde gives opening remarks before a session addressing inclusive growth during the World Bank and IMF annual meetings in Washington, DC, USA, on October 8, 2014. (Reuters/Jonathan Ernst)
MENA region to witness 4.2 percent growth in 2015: World Bank
Washington, Asharq Al-Awsat—Economic growth in the Middle East and North Africa (MENA) region is projected to average 4.2 percent in 2015, up from 3.5 percent this year, the World Bank said in a report published on Wednesday, as representatives from across the globe...Caption:
A supporter of Egypt’s ousted President Mohammed Morsi chants slogans against the army during a protest Cairo University, in Giza, Egypt, Friday, July 26, 2013. (AP Photo/Manu Brabo)
Mursi faces jailbreak probe as Egypt braces for protests
London, Asharq Al-Awsat—As Egypt braces for a new wave of protests and counter-protests between supporters and opponents of Mohamed Mursi, state prosecutors have ordered the deposed president’s detention for a period of 15 days over alleged contacts with the...Caption:
A photograph supplied by thePalestinian Authority shows Palestinian President Mahmoud Abbas and Israeli President Shimon Peres with US Secretary of State John Kerry as they pose for a three-way handshake, during the World Economic Forum meeting in the Dead Sea, in Jordan, 26 May 2013. Source: EPA/Thaer Ghanaim