Middle-east Arab News Opinion | Asharq Al-awsat

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Report: World’s Eight Richest as Wealthy as Half Humanity

by Asharq Al-Awsat | Jan 18, 2017 | Business

London- Just eight individuals, all men, own as much wealth as the poorest half of the world’s population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top. As decision makers and many of the super-rich gather for this...

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A shopkeeper (R) waits for customers at his jewellery shop in the old quarters in Tunis, Tunisia August 10, 2016. REUTERS/Zoubeir Souissi

Tunisia Reduces Poverty from 20.5% to 15.2%

by Al-munji al-Saaidani | Jan 2, 2017 | Business

Tunisia- The poverty rate in Tunisia was down from 20.5% to 15.2% in the period extending from 2010 to 2015, as per a quinquennial survey on consumption made public by Hédi Saidi, the general director of the National Institute of Statistics. “From 2010 to 2015, the...

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A girl carries flat bread for lunch as she walks past makeshift tents in a slum in Karachi, Pakistan July 12, 2016. REUTERS/Akhtar Soomro

Governments Pledge $75 bln to Fight Extreme Poverty

by Asharq Al-Awsat | Dec 16, 2016 | Business

London- The World Bank said on Thursday that 48 governments have ratcheted up the fight against extreme poverty by committing $75 billion in new funds to the International Development Association, the bank’s fund for the poorest countries. The replenishment will...

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IDA Vice President Axel van Trotsenburg (Photo: tuoitre.vn)

IDA Vice President: $1 bln Fund for Syria’s Reconstruction, KSA is a Key Partner

by Fatah Al-Rahman Youssef | Dec 5, 2016 | Interviews

Riyadh- World Bank’s Vice President of Development Finance (DFi) Axel van Trotsenburg said that the bank had issued at least $90 billion dollars to underprivileged countries. The sum mentioned amounts to 44 percent of the International Development Association (IDA)...

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Mahmoud Ahmadinejad visits Imam Ali shrine in Najaf, Iraq, July 19, 2013. REUTERS/Karim Kadim/Pool

Iran Sinks in Social Crises

by Adel al-Salmi | Nov 6, 2016 | Middle East

London- Many analysts see that while Iran is claiming that it enjoys stability amid a region full of crises, on top of them ISIS, it is actually neglecting a bigger and more dangerous enemy which is the social crises in its community. In 2005, the Iranina President...