World Bank

The World Bank has approved $700 million in financing to support Egypt’s private sector, economic resilience and green growth. The Development Policy Financing operation is designed to help Egypt address short-term economic challenges…
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Global growth is expected to stabilize at 2.6 percent in 2024, holding steady for the first time in three years, according to a new World Bank report. The analysis warns that safeguarding trade, supporting green and digital transitions,…
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More than a quarter of Syrians live in extreme poverty, the World Bank said Saturday, 13 years into a devastating civil war that has battered the economy and impoverished millions. The World Bank published two new reports on Syria, which…
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The World Bank has raised its expectations for Saudi Arabia’s economic growth to 5.9 percent in 2025 from 4.2 percent predicted earlier in January. In its latest report the bank, however, revised its 2024 forecast for the Kingdom’s gross…
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Saudi Arabia’s economic data is demonstrating increased availability and maturity, with the nation advancing 25 places on the World Bank’s most recent Statistical Performance Indicators report. The Kingdom ranked first in the Gulf region…
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The Saudi finance minister, Mohammed Al-Jadaan, and the minister of economy and planning, Faisal Alibrahim, held talks on Friday with the president of the World Bank, Ajay Banga, on the sidelines of the World Economic Forum 2024 in the…
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The impacts of the Israel-Hamas war are set to push crisis-hit Lebanon’s economy back into recession, the World Bank said Thursday, blaming mainly a “shock to tourism spending.” Lebanon’s southern border has seen regular exchanges of…
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Saudi Arabia’s Minister of Communications and Information Technology Abdullah Al-Swaha met with a delegation from the Executive Board of the World Bank Group in Riyadh, the Saudi Press Agency reported on Thursday. The minister discussed…
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The Gulf Cooperation Council economy is estimated to grow by 3.6 percent in 2024 and 3.7 percent in 2025, according to the World Bank. The recent Gulf Economic Update report by the WB revealed that the GCC is set to grow by 1 percent in…
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World Bank Group President Ajay Banga on Tuesday said proposed new contributions from wealthy countries combined with balance sheet changes could boost the bank’s lending capacity by $100 billion to $125 billion over a decade. Banga told…
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