Middle-east Arab News Opinion | Asharq Al-awsat

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Participants of the G7 finance ministers and central bankers meeting pose for a family picture, ahead of the kickoff of the meeting at Aoba Castle in Sendai, Miyagi prefecture, Japan, in this photo taken by Kyodo May 19, 2016. Mandatory credit Kyodo/via REUTERS

G7 Pledges to Intensify Controls on Terrorist Financing

by Asharq Al-Awsat English | May 21, 2016 | World

The Group of Seven major economies committed on Saturday to take more aggressive action to combat financing of terrorism and violent extremism that jeopardize global stability. Finance leaders of the Group of Seven (G7) issued an “action plan” following a...

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World Bank President Jim Yong Kim . AFP

World Bank Creates Pandemic Insurance Plan

by Asharq Al-Awsat English | May 21, 2016 | Health

The World Bank launched on Saturday a $500 million, fast-disbursing insurance fund to combat virulent disease outbreaks in poor countries, creating the world’s first insurance market for pandemic risk. “The recent Ebola crisis in West Africa was a tragedy...

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A woman carries laundry on her head, while heading home after washing in Charsadda, near Peshawar January 7, 2015. REUTERS/Fayaz Aziz

Pakistan Must Speed up Reform- World Bank

by Asharq Al-Awsat English | May 9, 2016 | Business

Pakistan must get a move on reform of the energy sector and attract more women into the labor force if it wants to boost economic growth that lags far behind regional peers, the World Bank’s country representative said on Monday. According to the World Bank...

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World Bank

World Bank: Saudi 2030 Vision to Contribute to Sustainability of Economic Development of the Kingdom and the Region

by Najlaa Habriri | Apr 27, 2016 | Business, Saudi Arabia

London-Economic analysts around the world have agreed unanimously on the importance of reform program that was revealed by 2030 vision in order to prepare the Saudi economy for the post-oil era and diversify it to guarantee stability, maintain high growth rates and...

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Egypt’s President Abdel Fattah al-Sisi welcomes Saudi Arabia’s King Salman in Cairo, Egypt, in this handout photo received April 7, 2016. REUTERS/Saudi Press Agency/Handout via Reuters

World Bank to Provide Egypt with First Tranche of $3 Billion Loan

by Asharq Al-Awsat English | Apr 13, 2016 | Business

The World Bank will deliver the first $1 billion tranche of a $3 billion loan to Egypt after parliament approves the government’s economic program, World Bank vice president Hafez Ghanem said at a news conference late Tuesday, assuring that the loan will not be...