Tag : World Bank

Economy Featured

Wider war in Middle East would impact global economy: World Bank chief Ajay Banga

IFM CorrespondentOctober 23, 2024

by IFM CorrespondentOctober 23, 2024

According to Ajay Banga, the destruction caused by Israel's bombing of southern Lebanon will contribute to the USD 14–20 billion in war damage that has already likely resulted from Israeli strikes on Gaza...

Featured Oil & Gas

Oil might rise to USD 100 in Middle East due to conflict, warns World Bank

IFM CorrespondentMay 9, 2024

by IFM CorrespondentMay 9, 2024

The World Bank's index of commodity prices hasn't changed significantly since the middle of 2023...

Currency Featured

World Bank urges Zimbabwe to boost currency confidence

IFM CorrespondentMarch 18, 2024March 19, 2024

by IFM CorrespondentMarch 18, 2024March 19, 2024

The World Bank is committed to the ongoing process that Zimbabwe has been going through since 2022 to pay off billions of dollars in arrears to the organisation and other foreign lenders...

Featured Real Estate

Creating a real estate revolution: Ajman Department earns global recognition

WebAdminNovember 14, 2023

by WebAdminNovember 14, 2023

The Department of Land and Real Estate Regulation in Ajman received a five-star rating according to the Global Star Rating System for Services...

Banking and Finance Magazine

World Bank & the never-ending sovereign default

IFM CorrespondentAugust 11, 2023August 11, 2023

by IFM CorrespondentAugust 11, 2023August 11, 2023

World Bank Chief Economist Carmen Reinhart referred to the debt crises of the 1980s and 1990s and the lessons this challenging era can offer...

Featured Telecom

Affordable smartphones: Kenya’s tool to boost digital inclusion

IFM CorrespondentJune 5, 2023

by IFM CorrespondentJune 5, 2023

The inexpensive smartphones are assembled in the Konza Technopolis in Malili, Machakos County...

Banking Business Leaders Featured

Business Leader of the Week: Meet Ajay Banga, new World Bank chief

IFM CorrespondentMay 12, 2023October 10, 2023

by IFM CorrespondentMay 12, 2023October 10, 2023

Ajay Banga was nominated by US President Joe Biden to lead the World Bank...

Economy Featured

US’ inflation fight: What lies ahead?

WebAdminNovember 18, 2022November 17, 2022

by WebAdminNovember 18, 2022November 17, 2022

Inflation has been there in the United States and it has been at its highest since 2021...

Economy Featured

Rate hikes to trigger global recession in 2023?

WebAdminSeptember 30, 2022September 29, 2022

by WebAdminSeptember 30, 2022September 29, 2022

Global economy is severely dropping, and it will likely continue to slow as more nations experience recessions...

Currency Magazine

Zimbabwe to mint gold to curb inflation, investors excited

WebAdminSeptember 27, 2022September 27, 2022

by WebAdminSeptember 27, 2022September 27, 2022

President Mnangagwa hopes to correct some of the systemic economic issues his administration inherited...