Gulf economies set for 10.3% rebound in 2027 if oil flows recover, says World Bank
The World Bank expects GCC output to contract by 4.3% in 2026, with the disruptions at the Strait of Hormuz affecting energy exports and other activities...
Tag : World Bank
AI offers lifeline to developing economies against weak growth, says World Bank
World Bank has urged countries to invest in power, connectivity and digital skills, warning the cost of delaying AI adoption could outweigh the risks...
Earthquakes Derail Venezuela’s Escape From Abyss
The interim government has identified Venezuela's huge energy reserves as one of the routes to help the nation escape its economic abyss...
Islamic Development Bank approves USD 746.2 million loan for Uganda’s railway project
Uganda is raising funds for the 2.7-billion-euro project, which has already won backing from lenders including the World Bank and the African Development Bank...
CPPI rankings: Qatar’s Hamad Port jumps into the world’s top eight
Since its inauguration in September 2017, Hamad Port has become a cornerstone of Qatar's economic and trade strategy...
Iran war: World Bank cuts global growth outlook to 2.5%
As per the World Bank, growth could slow to just 1.3% if energy supply disruptions prove more severe and come with substantial stress in financial markets...
Middle East conflict: World Bank chief Ajay Banga sees massive global growth hit
World Bank chief Ajay Banga said that the economic fallout from the Middle East conflict is already feeding into weaker global expansion...
World Bank backs Syria rail recovery
Syria’s Transport Minister Yarub Badr interacted with World Bank transport officials, where he discussed the readiness of the railway network and the phosphate railway corridor project...
Iraq to redesign Baghdad Metro with hybrid routes, PPP model
The updated plan now positions Baghdad Metro as the core of a wider transport network, linked with bus and tram systems...
World Bank approves USD 700 million to boost Pakistan’s financial health
The approval comes after a World Bank grant of USD 47.9 million in August 2025 to enhance primary education in Pakistan's Punjab province...