WB Warns of Ramifications of Water Scarcity on Stability of MENA Region

The World Bank issued a report mapping out actions needed to prevent water scarcity from impacting growth and stability in the MENA region. The report, dubbed “Beyond Scarcity: Water Security in the Middle East and North Africa,” estimated that the inadequate supply of water and sanitation is costing the Middle East and North Africa (MENA) […]

Al Baraka Group Sells its Stakes in BTI to Moroccan Bank of Africa

Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its subsidiaries, Bank Al-Tamweel Wa Al-Inma (BTI) in Morocco and Itqan Capital, an investment company in Saudi Arabia. Its 43.6 pc stake in BTI will be sold to Moroccan Bank of […]

AfDB, World Bank team up to promote electricity access in Africa

The African Development Bank (AfDB) and the World Bank are working together to provide electricity to 300 million Africans by 2030 through renewable energy system. Some 600 million Africans lack access to electricity, creating significant barriers to health care, education, productivity, digital inclusivity, and ultimately job creation, according to the World Bank. The WB said […]