The World Bank has sounded the alarm in the energy sector, the organization has described the losses in the energy sector as a threat to the economy. The World Bank said in its report that if energy reforms are not done, electricity will have to become more expensive, and the poor will have to be … Read more
The Spanish firm with Saudi capital Fotowatio Renewable Ventures has filed an arbitration claim before the International Center for Settlement of Investment Disputes (ICSID), the arbitration body dependent on the World Bank based in Washington, according to the website of the mentioned organization. It is one more chapter in the confrontation of the Government of … Read more
As part of a major humanitarian initiative, the First Lady of Gabon, Zita Oligui Nguema, is staying from February 25 to March 4, 2024 in the province of Ngounié (south), notably in Lebamba on the “lands of her fathers”, to supervise a series of actions in favor of local populations. This campaign, indicates the First … Read more
The Italian financier Andrea Zanon, linked to Nimbus and former CEO of the company, according to the company itself, in an archive image. The affected groups celebrated the capture of the director, a former advisor to the World Bank (an entity that confirmed to this newspaper that he worked for her) who adds to his … Read more
2023-12-16 19:32:00 Massod Ahmed, president of the Center for Global Development. “International financial institutions must adapt quickly to resolve emerging challenges,” said Center for Global Development President Massod Ahmed. According to him, institutions such as the World Bank and the Monetary Fund today find themselves facing a radically different world from the one in which … Read more
2023-12-09 22:33:43 Nearly 600 million people on the African continent do not yet have access to electricity, and to remedy this, the President of the World Bank, Ajay Banga, announced Wednesday, December 6 in Tanzania to allocate an envelope of five billion dollars. Objective: for 100 million more people to have access to electricity by … Read more
2023-11-01 09:20:47 Abu Dhabi: UAE’s fuel price determination committee has announced retail fuel prices for the month of November. The retail petrol prices of all three variants are reduced by around 12 per cent. The three variants Super 98, Special 95 and Eplus 91 are priced at Dhs 3.03, Dhs 2.92 and Dhs 2.85 per … Read more
2023-10-30 13:08:46 Representative image Washington: The World Bank has warned that if the Israel-Hamas war continues, there will be an unprecedented increase in oil prices. It will lead to an increase in food prices and thereby a massive food crisis. The World Bank’s Commodity Markets Outlook is the warning. They also say that the increase … Read more