Thursday , 24 January 2019

Tag Archives: Finance

World Bank chief prioritises tackling global growth risks

Washington – On his first day as president of the World Bank Group, Jim Yong Kim stressed the role of the 188-member organisation in helping address global growth risks and providing development assistance. The World Bank has an economic and moral imperative to help address risks to global growth, no matter where they emerge. A strong global economy benefits all …

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Commerzbank Study: Africa’s Economies Continue to Gain Ground

Countries benefit from the commodity boom and political stability – Growth impulses above all in the Sub-Saharan region After the crises of the past, the economies of many African countries are clearly heading for growth. Political and economic stability has increased above all in the countries of the Sub-Saharan region. “Medium-term growth potential in Sub-Saharan Africa ought to be about …

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World Bank to Boost Access to Electricity and Clean Fuels, Renewable Energy and Energy Efficiency

The World Bank Group announced today that it will boost efforts to expand energy access, while also increasing support for renewable energy and energy efficiency in developing countries, responding to UN Secretary-General Ban Ki-moon’s Sustainable Energy for All initiative. The World Bank Group provides about $8 billion a year in financing for energy projects and programs, which leverages a comparable …

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Sustainable development needs innovative financing and private sector support, experts say

Innovative sources of finance and resources from the private sector are key to achieving sustainable development in Africa, African leaders and world experts said yesterday at the United Nations Conference on Sustainable Development, or Rio+20, in Rio de Janeiro. Speaking at high level panel on “Financing Sustainable Development in Africa”, African states and their partners discussed resource mobilization for sustainable …

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New food security and nutrition project for Egypt / Italy finances $3 million project

A new $3 million project that aims to improve food security and nutrition of women and young people in Egypt was announced today by FAO. The project is being financed by the government of Italy. Unemployment rates for young people and women in Egypt are estimated at around 25percent, much higher than the national average of 10 percent. At the …

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Qatar, Kuwait, UAE and Bahrain Among Top 10 Countries in the World by Proportion of Millionaire Households, says BCG

Private financial wealth in Middle East and Africa grew by 4.7% in 2011, according to a new report by The Boston Consulting Group (BCG). The report, entitled The Battle to Regain Strength: Global Wealth 2012, is BCG’s twelfth annual look at the global wealth-management industry and addresses the current size of the market, the state of offshore wealth , the …

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Abu Dhabi Council for Economic Development receives Singapore Management University Students

Abu Dhabi – Abu Dhabi Council for Economic Development (ADCED) received a student delegation from the Singapore Management University (SMU), as part of their “Business Study Mission” course at the SMU. This is the fourth time such a delegation from SMU visits ADCED. The visit came in line with ADCED’s programme of educational and professional development where opportunities are made …

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Launch of the 2012 African Economic Outlook

Special theme: Promoting Youth Employment All data on AfricanEconomicOutlook.org will be available as of 10:00 EAT (CEST/UTC+2) Monday, 28 May, 2012 to coincide with the release of the eleventh edition of the African Economic Outlook at the Annual Meetings of the African Development Bank in Arusha. In addition to economic forecasts for 2012 and 2013, the updated website features a comprehensive analysis of …

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Tunisia deal with India opens developing country links

This article was originally published on the SciDev.Net Website 23 May 2012. Tunisia and India increase co-operation, spending US$8-million to fund research in  biotechnology and medical sciences.  Tunisia is taking its first steps towards boosting scientific links with other developing countries following the 2011 revolution that overthrew a government perceived to be more concerned with politics than science. Following calls from the …

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MENA Political and Economic Forecast

The AKE Intelligence department has issued new analysis on a number of countries in the Middle East and North Africa. The findings have been published on Global Int AKE – AKE‘s worldwide risk analysis website. The department predicts economic growth in Kuwait, Lebanon and the United Arab Emirates, but the Eurozone crisis will have a knock-on effect on several economies. Israel will continue to threaten …

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