World Bank
The collaboration will create an environment that equips individuals, businesses, and governments with the skills to thrive in the evolving financial landscape
Damages to physical structures alone amount to $3.4 billion while economic losses have reached $5.1 billion
At COP29, Sweden also pledged approximately $19 million to the fund for responding to loss and damage
In 2023, the global market capitalization of stablecoins exceeded $130 billion
Global factors, especially oil production and OPEC decisions, influence growth expectations for GCC economies
Strategy aims to support 250 million women with social protection programs
At the October 2023 IMFC meeting in Marrakech, the UAE announced a $200 million co-financing initiative for the PRGT
World Bank expects the UAE's inflation to reach 2.2 percent this year and decline to approximately 2.1 percent through 2025-2026
The move is a step towards a mandatory market, requiring carbon reduction projects and emissions calculations
Since 1990, only 34 middle-income economies have managed to become high-income
Saudi Arabia's GDP contracted by 0.4 percent annually primarily driven by the 8.5 percent annual decline in oil activities
