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From Lebanon to Brazil – Joseph Safra
A Global Presence The Safra family fortune – today expressed in billions of dollars – originated on the dusty tracks of the well-trodden camel route between Aleppo, Syria and Istanbul. At the dawn of the 20th century, Jacob E. Safra,
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Connie Hedegaard, EU Commissioner for Climate Action: Breaking Europe’s Imported Fossil Fuels Addiction
Europe is by far the largest importer of fossil fuel in the world. Recent developments in Ukraine, Syria and Iraq highlight once again how vulnerable our economy is to price spikes, external energy shocks and other regimes’ wishes. Like a
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World Bank Group President Brings Hopeful Message to Middle East
Jim Yong Kim brings a message of optimism to Saudi Arabia, Lebanon, and Jordan in his first visit to those countries as World Bank Group president. The World Bank Group is helping Jordan and Lebanon cope with the impact of
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World Bank Group President Jim Yong Kim to Visit Saudi Arabia, Lebanon and Jordan
World Bank Group President Jim Yong Kim, will visit Saudi Arabia, Lebanon, and Jordan from June 1-4, to focus on the challenges and opportunities facing the Middle East and North Africa (MENA) region and underscore the Bank’s commitment and support. This
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World Bank Support to Promote Transparency, Accountability and Job Creation in Jordan
A US$250 million loan, approved last week, will ease Jordan’s fiscal strains, which have been deepened by the influx of Syrian refugees and by regional turmoil that has disrupted its hydrocarbon supplies from Egypt. The World Bank’s support to Jordan
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IMF on MENAP: Call for Focus on Job Creation
The near-term economic outlook for the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region has weakened. Difficult political transitions and increased regional uncertainties arising from the complex civil war in Syria and the ongoing developments in Egypt weigh on
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UN Concern on International Day: Conflicts and the Environment
United Nations Secretary-General Ban Ki-moon yesterday highlighted the importance of protecting the environment in times of armed conflict, and stressed that strong natural resource governance can help prevent conflict and contribute to long-term peace. “Strengthening natural resource governance and improving
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The World Bank: Calling for an End to Poverty
With more than a billion people in the world living on less than $1.25 per day, World Bank Group President Jim Yong Kim today said this week that extreme poverty was “the defining moral issue of our time,” and he
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Barking Up the Wrong Tree in St. Petersburg: G20 Hijacked by Syria Conflict
The world leaders gathered today in St. Petersburg for the G20 summit were supposed to discuss the slowdown of global economic growth and ways to combat tax evasion. This agenda has now been largely supplanted by developments in Syria and
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Looking for a Fig Leaf: US & UK Mull Punitive Action against Syria
Here we go again. The US and Britain are whipping themselves once more into a frenzy over the actions of an evil strongman in the Middle East. This time around the recipient of American and British ire is Syrian president
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