The Latest Breaking News from World Bank

Malabo (Equatorial Guinea) (AFP) - Brand new homes intended for Equatorial Guinea's lower-income families have cropped up across the capital Malabo, but shanty town residents say they are going to the middle class and wealthy instead.

Former prime minister says US and Europe will pay biggest share of loss and damage fund, but China must too

Lebanese lawmakers failed for a seventh time Thursday to elect a successor to former president Michel Aoun, even though the vacancy is hampering efforts to rescue the stricken economy. Parliament is split between supporters of the powerful Iran-backed Hezbollah movement and its opponents, neither of whom have a clear majority.…

November 24 marks nine months since the Russian invasion of Ukraine began. Despite the expectation of the Kremlin – and many international analysts – Ukraine did not fall within days. It repelled Russia’s advance on the capital Kyiv, turned the tide on the battlefields and has now retaken half of…

Beirut (AFP) - Lebanese lawmakers failed for a seventh time Thursday to elect a successor to former president Michel Aoun, even though the vacancy is hampering efforts to rescue the stricken economy.

His company, 50Hertz Tingly Foods, isn’t a chili oil or spice purveyor – it’s a ‘sensory company’ importing the taste of China’s Sichuan province to the US

The COP27 climate summit in Egypt has delivered mixed results and left some big issues unresolved. Here are some key takeaways.

World Bank officials stressed that climate challenges in the Middle East included water scarcity, food shortage, and energy security, noting that the Saudi Green Initiative was an example to follow in order to address these threats. Asharq Al-Awsat interviewed Paul Noumba Um, the Regional Director of the World Bank’s Infrastructure…

From loss and damage to 1.5C goal and World Bank reform, the takeaways from Sharm el-Sheikh