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The extent of the mental health crisis blighting the lives of Palestinians was revealed in a study by the World Bank on Friday. As many as 71 per cent...
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Nesma Daher survived years of war in a Damascus suburb that was on the frontlines of Syria's conflict. But well after the guns fell silent in her area, and...
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Article
Turkiye's expected return to orthodox economic policies may not be enough to secure longer-lasting international investments, with a restoration of predictability and the rule of law still needed to build...
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Organisation of Islamic Cooperation (OIC) Secretary-General, Hissein Brahim Taha, vowed on Tuesday that the bloc's efforts for the economic recovery and development of Muslim countries will continue, Anadolu News...
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Turkiye's Ambassador to Uganda, Mehmet Fatih Ak, has said trade and investment opportunities are abundant in Uganda for Turkish investors in various sectors, Anadolu News Agency reports. In a...
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The World Bank expects the economies of the Arab Gulf countries to grow by 2.5 per cent this year, given the potential decline in oil and gas revenues and...
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Article
May 16, 2023
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Mahmoud Hassan
Statements by the Egyptian billionaire, Samih Sawiris, about the feasibility of investing in Egypt, raise real concerns about the blurred economic future in the country, the faltering activities of...
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The World Bank warned of shocks affecting Jordan's economy resulting from rising poverty at rates higher than the period that preceded the coronavirus pandemic. In its report on global...
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Rising fertiliser prices will exacerbate the problem of agricultural commodity prices in coming years, said Abdul Hakim Elwaer, the assistant Director-General of the Food and Agricultural Organisation (FAO), Anadolu...
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Lebanon topped the list of countries with the highest food price inflation rates in the world, recording a 352 per cent nominal food inflation rate, a World Bank report...
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The World Bank yesterday warned that economic growth in the occupied Palestinian territories would "soften" in 2023 due to the continued Israeli restrictions on mobility, access and trade. In...
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The World Bank announced a $207 million grant to address food security and malnutrition in war-torn Yemen, Anadolu News Agency reports. The grant, offered by the World Bank's International...
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The World Bank said, on Wednesday, it had approved a new $7 billion partnership agreement with Egypt for 2023-2027 with a focus on boosting private sector jobs, provision of...
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Article
March 18, 2023
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Seymanur Yönt
Without China's participation in joint efforts in debt restructuring, it is not possible to quickly ease the burden on many debt-distressed countries. However, even if not impossible, it is...
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Blog
March 15, 2023
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Amelia Smith
Over a decade on, the Syrian regime has tortured thousands of people and many families still do not know the fate of their loved ones.
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Lebanon has to audit its state electricity company among other reforms the World Bank has required before it will consider funding Lebanon's worn-down electricity sector, the Bank's regional Vice- President, Ferid Belhaj, said on Tuesday,...
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The UAE has withdrawn its bid to host the 2026 World Bank and International Monetary Fund meetings and will instead support Qatar's bid, Reuters has reported. The details were...
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Egypt, one of the world's largest wheat importers, has given notice it will withdraw at the end of June from a decades-old UN grains treaty, causing consternation among some...
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The World Bank has said it is suspending future work with Tunisia after widespread reports of racist violence. The violence follows a speech made by President Kais Saied in...
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The deadly earthquakes that hit Turkiye and Syria last month caused about $5.1 billion in direct physical damage in Syria, the World Bank said on Friday, furthering destruction in...
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The International Monetary Fund's new loan agreement with Egypt leaves the economic rights of millions unprotected, Human Rights Watch (HRW) and DAWN have said. The $3 billion loan is...
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Article
January 25, 2023
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Muhammad Hussein
It is the unfortunate – or fortunate, depending on one's propensity to autocracy – nature of every decentralised system in this modern age to become centralised under the scope...
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Blog
January 20, 2023
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Reuters
A different type of energy transition has taken place at this year's World Economic Forum (WEF) meeting. Unlike 2021's COP26 climate conference in Glasgow, where oil and gas executives...
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The World Bank has approved $1.69 billion in financing for flood relief projects in Pakistan, it said in a statement issued according to Reuters. The funds will be distributed...
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The World Bank said, Tuesday, it is ready to provide Lebanon with a finance package valued between $300 and $500 million to cover social and sustainability needs, Anadolu News...
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A group of international bodies have signed a $6.2 million project to support Egypt's presidency of COP27. In November, heads of state, ministers, journalists and more will gather in...
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The world is unlikely to meet the goal of ending extreme poverty by 2030, according to a new World Bank study. The bank's Poverty and Shared Prosperity report showed...
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"The Tunisian economy is on a growth path that is slightly lower than what was previously expected," the World Bank warned in a new report, as the country's budget...
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Egypt and the World Bank are discussing activating a $500 million food security agreement to help tide the country over as it struggles to deal with the repercussions of...
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The World Bank will provide the World Food Program (WFP) with $100 million to address food insecurity in Sudan, the WFP said on Wednesday, Anadolu News Agency reports. The...
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The Lebanese parliament approved a loan agreement with the World Bank on Tuesday worth $150 million to secure wheat supplies. The agreement comes as the country witnesses an unprecedented...
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The World Bank has agreed to provide the UN's World Food Programme with $100 million for an "emergency safety net project" to address food insecurity in Sudan, it said...