Middle-east Arab News Opinion | Asharq Al-awsat

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World Bank Expects Industrial Commodities Prices to Surge in 2017

by Asharq Al-Awsat | Jan 26, 2017 | Business

Washington – The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017, due to tightening supply and strengthening demand. In its January 2017 Commodity Markets Outlook, the World Bank is holding steady its crude oil...

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World Bank President Jim Yong Kim takes to the stage to deliver remarks at the plenary session at the IMF-World Bank annual meetings at Constitution Hall in Washington October 10, 2014. REUTERS/Jonathan Ernst

World Bank Grants 450 Million Dollars to Aid Yemen

by Abdul Hadi Habtor | Jan 19, 2017 | Middle East

Riyadh – Yemeni Minister of Planning and International Cooperation Mohammed Al Saadi announced that the World Bank’s grant of $450 million in aid to help Yemen cope with a humanitarian crisis, after nearly two years of war, will be chiefly diverted into...

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Stock Market – Reuters

World Bank Predicts 2.7% Global Economic Growth in 2017

by Heba El Koudsy | Jan 12, 2017 | Business

Washington – Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after dropping to its lowest levels during 2016, the World Bank said in its latest report. Growth rates are expected to improve to 3.1% in the Middle East and North...

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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)...