Tag: World Bank
World Bank picks Saudi Arabia to set up ‘Knowledge Center’
The National Competitiveness Center and the World Bank Group have announced their intention to establish a Knowledge Centre in the Kingdom of Saudi Arabia.
This...
GCC economies to expand by 5.9% in 2022; World Bank
The international financial institution, World Bank has revealed that the economies of the Gulf Cooperation Council (GCC) are projected to expand by 5.9 percent...
Saudi Arabia to grow stronger in non-oil sector this year; Finance...
Saudi Arabia’s Minister of Finance Mr. Mohammed Al-Jadaan has stated that he is expecting stronger-than-expected growth this year in the non-oil sector underpinned by...
Abu Dhabi sets stage for 3rd MENA Desalination Projects Forum
The third MENA Desalination Projects Forum will convene in Abu Dhabi to examine the depth of water scarcity and discuss the opportunities of desalination...
World Bank refuses to help El Salvador in bitcoin law implementation
The international financial institution, World Bank stated that it could not support El Salvador’s decision on bitcoin implementation considering the environmental and transparency drawbacks.
“We...
World Bank, IMF set up advisory group on sustainable, inclusive growth
The World Bank and the International Monetary Fund (IMF) formed a High-Level Advisory Group (HLAG) to advise on sustainable recovery strategies for the global...
MENA region’s GDP will grow 2.4% in 2021; World Bank
According to the World Bank, the Middle East and North Africa's (MENA) gross domestic product (GDP) would expand by 2.4 percent in 2021, owing...
World Bank forecasts 5.6% global growth in 2021; Fastest since 1973
The Washington-based international financial institution World Bank has increased its global growth forecast for 2021 to 5.6 percent, predicting the fastest economic rebound in...
