Pakistan Facing Economic Challenges: World Bank Warns of Rising Poverty Levels
The World Bank has warned that one crore Pakistanis could fall below the poverty line due to slow economic growth and inflation. According to the “Biennial Pakistan Development Prospects Report” released by the World Bank, there has been a 26 percent increase in inflation in the country. Syed Murtaza Muzaffari, who led the report, said […]
He is 232 years old and is not American.. The story of the rise of the “dollar” to the throne of the world’s currencies (photos and video)
The dollar imposed itself on the list of Egyptians’ concerns during the recent period after the price of the American currency against the Egyptian pound rose insanely in parallel markets and then decreased again. What is the history of the emergence of the dollar? The dollar is one of the strongest currencies in the world. […]
Escalating Tensions in the Red Sea Threaten Global Shipping and Oil Prices
The National Security Council reveals that tensions in the Red Sea have continued to increase over the past 66 days. Following a retaliatory attack by the United States and its allies, the conflict could escalate to a regional level. The World Bank is assessing the spread of the event. Concerned that closing the Strait of […]
Thailand’s Economic Growth Forecast Downgraded by World Bank
× Contact the team to download the clip. (Xinhua file photo: Tourists at Khao Yai National Park in Thailand, December 11, 2023) BANGKOK, Dec. 15 (Xinhua) — The World Bank predicted on Thursday that Thailand’s economy will expand by 2.5 percent this year, down from its previous forecast of 3.4 percent in October. This is […]
World Bank Predicts Modest Economic Growth for Thailand in 2024
Economic news 14 December ’23 3:22 pm 2023-12-14 The World Bank predicts economic growth (GDP) for Thailand in 2024 at 3.2%, down from the previous expectation of 3.5% last October. A look at the Thai economy Affected by the contraction in commodity exports and reductions in government spending. and the Thai economy is expected to […]
Abu Dhabi announces significant decrease in retail fuel prices for November, providing relief to motorists
Abu Dhabi: The UAE Fuel Price Determination Committee has recently announced the retail fuel prices for the month of November, bringing some much-needed relief for motorists across the country. The prices of all three petrol variants, namely Super 98, Special 95, and Eplus 91, have been reduced by around 12 per cent. As a result, […]
World Bank Warns of Unprecedented Increase in Oil and Food Prices if Israel-Hamas War Persists
World Bank Warns of Potential Global Crisis if Israel-Hamas Conflict Persists Representative image Washington: The World Bank has issued a stark warning that the ongoing Israel-Hamas war could have dire consequences, leading to an unprecedented surge in oil prices and triggering a massive food crisis. In its latest Commodity Markets Forecast, the World Bank emphasizes […]
Cambodia’s Economic Growth Forecast Remains Positive, Says World Bank
Cambodia’s Economic Growth Forecast to Reach 6.1 Percent in 2024, Driven by Key Sectors PHNOM PENH, Oct. 2 – The World Bank’s latest East Asia and Pacific Economic Update, unveiled on Monday, has upheld its projection for Cambodia’s economic growth. According to the report, Cambodia is set to achieve a growth rate of 5.5 percent […]
World Bank Predicts East Asia’s Economic Growth Will Decline Due to Crisis in Chinese Economy
World Bank Forecasts Slowing Economic Growth in East Asia Washington The World Bank has recently warned that the ongoing crisis in the Chinese economy is expected to have far-reaching implications for the economic growth of East Asia. According to the Bank’s predictions, not only will Pacific countries be affected, but even East Asia’s economic growth […]
Myanmar’s Energy Sector Declines Amidst Electricity Shortages and Infrastructure Damage: World Bank Report
The Decline of Myanmar’s Energy Sector: Challenges and Consequences A recent report by the World Bank highlights the alarming decline of Myanmar’s energy sector following the February 2021 coup. The country is grappling with electricity shortages caused by various factors, including infrastructure damage resulting from attacks on power plants. Moreover, Myanmar’s electricity generation capacity is […]
