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Tag Archives: World Bank

Oman’s economy seems to be in correction mode

Jasim Ali, Special to Gulf News The Omani economy is doing fine in the ongoing environment of continuing socioeconomic challenges. What’s more, multinational agencies are projecting improved performances in the medium-term for the sultanate on the assumption of stronger oil prices. Also, the preliminary projections for 2018 budget assume stronger …

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Lebanon approves first budget in a decade

Lebanon’s parliament approved the country’s first budget in more than a decade, restoring control over state finances and easing a long-standing political deadlock that has stifled development. After three days of deliberations, 61 members of parliament voted to pass the budget while four voted against and eight abstained, state-run National …

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World Bank plans financial aid for Syria’s neighbours

The Levant News — The World Bank is trying to put together a package of financial assistance for countries hosting refugees from Syria. Bank officials say there is a substantial financial burden being borne by Lebanon and Jordan. They are discussing help from rich countries and from Gulf nations. They say …

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IMF and World Bank warn of renewed Gaza violence

THE LEVANT – The World Bank and International Monetary Fund warned Tuesday that insufficient funding and political efforts to rebuild Gaza would make economic recovery almost impossible and lead to further violence. The warnings came three weeks after Israel and Hamas signed a ceasefire to end 50 days of conflict, …

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