Orascom Construction Industries Gets $100 Mln World Bank Loan
Egypt's Orascom Construction Industries (OCI) (OCIC.CA) has secured a $100 million loan from the World Bank's…
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World Bank
World Bank, Al Baraka Bank Launch Islamic Finance Initiatives
The World Bank and Bahrain-based Al Baraka Banking Group have joined hands to launch joint programs under a new…
World Bank Lowers China Forecast
The World Bank cut its economic growth forecast for China this year to 8.2 percent on Wednesday and urged the…
Europe Shall Bailout Spain’s Banks: Hollande
French President Francois Hollande said on Friday Spain's banks should be recapitalized by Europe's bailout funds…
World Bank’s Zoellick: Eurozone Needs Funding For Reforms
World Bank President Robert Zoellick said if Greece leaves the eurozone, it would have "ripple effects" comparable…
WB & IMF Reject Sanctions Against Iran’s Central Bank
Governor of the Central Bank of Iran Mahmoud Bahmani announced that the World Bank (WB) and the International…
Al Baraka Banking Group Sponsors Islamic Banking and Finance Conference
The Bahrain based leading Islamic banking group Al Baraka Banking Group (ABG), announced that, as part of its…
Zoellick Defends World Bank
World Bank President Robert Zoellick on Wednesday gave an impassioned defense of the institution he has run for…
Africa Poised For Faster Growth: World Bank
Economic growth in Sub-Saharan Africa remains strong and is poised for lift-off after growing at 4.9 percent in…
World Bank: 75% Of The World’s Poor Are ‘Unbanked’
Three quarters of the world's poor, living on less than $2 a day, have no bank account, further driving the vicious…