The World Bank has approved $265 million to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a 300-megawatt clean energy facility planned for the country’s north. The financing backs a major storage project designed to help Morocco add more renewable power
Browsing: World Bank
The World Bank approved a US$700 million loan for Jordan to support private investment, job creation and economic reforms. The financing falls under the Jordan Growth and Competitiveness Development Policy Financing II program. It supports steps linked to the country’s
The World Bank Group said the Middle East, North Africa, Afghanistan and Pakistan region needs higher investment in water-efficient irrigation and agricultural innovation to strengthen food security. Its new report, Building Food Security, Creating Jobs, links food systems, nutrition, water
CAIRO: The World Bank Group has approved US$1 billion in new financing for Egypt to support private sector-led job creation, bolster macroeconomic and fiscal resilience, and advance measures tied to a greener economy, marking the latest multilateral backing for the
WASHINGTON: The World Bank’s Board of Executive Directors approved US$225 million in grant financing from the International Development Association for Syria on April 23, allocating US$150 million for water services and US$75 million for health services. The financing will be
MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and transmission projects in Southeast Asia. The new vehicle, called the Regional Connectivity Fund for
MENA Newswire, CAIRO: Egypt’s economy is forecast to grow by 4.8 percent in the 2026/2027 fiscal year, according to the World Bank’s latest Global Economic Prospects report, signalling a steady acceleration in growth following a period of economic strain. The
MENA Newswire, ABU DHABI: The World Bank has forecast that the United Arab Emirates economy will grow by 5 percent in 2026 and 5.1 percent in 2027, positioning the country among the fastest growing economies in the Middle East and
WASHINGTON, December 4, 2025: The World Bank has projected that the United Arab Emirates’ economy will expand by 4.8 percent in 2025, driven by balanced growth across both oil and non-oil sectors. The forecast was released in the Gulf Economic
DUBAI, October 28, 2025: The World Bank has recognized the United Arab Emirates as a leading model in the Middle East and North Africa for advancing human development and implementing inclusive policies that empower women and youth. The acknowledgement follows