October 17, 2026
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Pakistan bears largest share of rising MENAAP poverty

Tag : World Bank

News

Pakistan bears largest share of rising MENAAP poverty

omandailynews.com
– Pakistan accounts for about 48% of people living in extreme poverty across the Middle East, North Africa, Afghanistan and Pakistan region, according to the World Bank’s October 2026 economic update. The measure uses the international extreme poverty line of...
Business

UAE GDP projected to rise 5 percent according to World Bank

omandailynews.com
The international financial community maintains a highly positive outlook on the economic trajectory of the United Arab Emirates. Recent macroeconomic assessments published by the World Bank Group indicate that the sovereign state will experience robust expansion over the next two...
Business

World Bank backs Morocco hydropower storage with $265m

omandailynews.com
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...
Business

World Bank approves US$700 million loan for Jordan jobs

omandailynews.com
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...
Business

Egypt secures $1 billion World Bank reform support

omandailynews.com
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 country as it...
Business

Syria gets US$225 million World Bank water health aid

omandailynews.com
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 delivered through two...
Business

ADB unveils fund to speed ASEAN power grid plans

omandailynews.com
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 Energy...
Health

WHO report highlights new global pandemic risks for 2024

omandailynews.com
MENA Newswire News Desk: The World Health Organisation (WHO) has issued a stark warning about emerging global threats, highlighting that the risk of pandemics is growing. A report released today by the Global Preparedness Monitoring Board (GPMB), a joint initiative supported...
Business

World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023

omandailynews.com
The World Bank has released its projection stating that the United Arab Emirates (UAE) is expected to experience a robust growth of 4.8% in its non-oil sector in 2023, contributing to an overall GDP growth of 2.8%. This growth is...