The United Arab Emirates stands ready for robust economic expansion, latest semi-annual MENA Economic Update has indicated. The global report entitled “Growth in the Middle East and North Africa” has predicted that the UAE’s GDP will grow by 3.3% in 2024 and 4.1% in the following year. This growth path puts the UAE in a ...

Uttar Pradesh Chief Minister Yogi Adityanath expressed his optimism about the state’s association with the World Bank, stating that it would be beneficial for Uttar Pradesh.A delegation from the World Bank, led by Executive Director Parameswaran Iyer, visited the state and praised the development efforts undertaken by the government in the past six years. Adityanath ...

Ajay Banga is an Indian-American who is appointed as the Vice-Chairman at the General Atlantic, a US private equity firm. Here are the 5 key details about him. Former Mastercard CEO Ajay Banga has been proposed by US President Joe Biden to succeed Donald Trump’s appointee David Malpass as president of the World Bank. Malpass’s ...

On Thursday the World Bank said that it is expected of India’s GDP to contract by 9.6% this fiscal. The drop is said to be a showcase of nationwide lockdown and income shrinkage experienced in India due to Covi-19. This puts India’s economic condition the worst ever experienced. South Asia Economic Focus report was released ...

A quarantine row has erupted in Kerala as the Chief Minister Pinarayi Vijayan has directed all returning Keralites from abroad to pay for the mandatory 15 day quarantine period. Put into effect from today, Vijayan said that this is as a result of the sudden upswing in the number of Covid-19 cases. He has further ...

The World Bank has agreed to pump in another $1billion into India’s efforts to give the economy a fresh growth impetus after the lockdown period has been decided to be extended by the Centre. Last month, the World Bank had already given India a loan of $1 billion to support the health sector. India seems ...