World Bank Group

IFC closes $653 million financing for Egypt solar plants

Dubai - Muslimchronicle

International Finance Corporation (IFC), a member of the World Bank Group, on Sunday said it had completed a $653 million debt package to finance building 13 solar power plants near Aswan in Egypt, planned to be part of the largest solar park in the world. Generating up to 752 megawatts of solar power, the Nubian Suns Feed-in-Tariff Financing Program isRead more

Investment min. in talks with WB on improving business environment

Cairo - MENA

Minister of Investment and International Cooperation Sahar Nasr on Thursday discussed in a meeting with a high-level mission from the World Bank Group (WB) technical cooperation in improving and developing the investment climate and the business environment in Egypt. During the meeting, Nasr reviewed the progress made in the “EASE” project, carried out by the Ministry and run by theRead more

Minister of Trade, Industry, World Bank delegation probe cooperation

Cairo - MENA

Minister of Trade and Industry Tarek Kabil conferred with the mission of the Trade & Competitiveness Global Practice at the World Bank Group, led by Klaus Tilmes, on the economic reform programs carried out by the Egyptian government and a number of current World Bank programs and projects in Egypt. During a plenary session of talks with the delegation, attendedRead more

World Bank Group Launches Climate Business Innovation Network

Marrakesh - QNA

The World Bank Group and partners launched a network that brings together more than 30 foundations, donors, venture funds, and others to help local businesses in 12 countries develop clean technology and advance climate action. The Climate Business Innovation Network will support developing countries in their transition to clean energy and other climate-smart paths by building local capacity andRead more

Middle East economies rise in ease of doing business rankings

Jeddah - Arab Today

A record 137 economies around the world have adopted key reforms that make it easier to start and operate small and medium-sized businesses, says Doing Business 2017: Equal Opportunity for All, the World Bank Group’s annual report on the ease of doing business. The new report finds that developing countries carried out more than 75 percent of the 283 reformsRead more

Al-Assaf: KSA banks enjoy high level of capital adequacy

Washington - Arab Today

Finance Minister Ibrahim bin Al-Assaf highlighted the excellent performance of the Saudi economy despite the decline in oil prices in his speeches delivered as the leader of a Saudi delegation attending some high-level international meetings. He also emphasized the strength of the banking sector and noted that local banks enjoy a high level of capital adequacy and low levels ofRead more

Int'l cooperation Minister highlights Egyptian-US economic relations

Cairo - MENA

Minister of International Cooperation Sahar Nasr held several meetings on the sidelines of her participation in the Annual Meetings of the International Monetary Fund and the World Bank Group, to be held in Washington on October 7-9. Nasr is leading the Egyptian delegation at the meetings. Nasr started her activities by meeting Christina Segal-Knowles, Special Assistant to the US PresidentRead more

World Bank Group affirms support Tunisia’s efforts to transform its successful political transition into strong social and economic outcomes for its citizens

Themuslimchronicle, themuslimchronicleWorld Bank Group affirms support Tunisia’s efforts to transform its successful political transition into strong social and economic outcomes for its citizens181493/243

Washington - WAM

The World Bank Group is maximizing its suite of services (Financing, Advisory and Convening) to support Tunisia’s efforts to transform its successful political transition into strong social and economic outcomes for its citizens. ''A critical element in this process is a new social contract, based on citizen’s confidence in the government’s ability to maintain a level economic playing field andRead more

UAE delegation participates in the spring meeting of the IMF and WBG

Abu Dhabi - WAM

The UAE’s delegation, headed by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, took part in the Spring Meeting of the International Monetary Fund (IMF) and the World Bank Group (WBG), which was held from April 15-17 in Washington D.C. Al Tayer held a number of bilateral meetings with global leaders and experts, in addition to heading theRead more