Banking and Finance European bank’s $86m aid to create jobs in Turkey The European Bank for Reconstruction and Development (EBRD) will provide a €75 million ($86 million) loan to Türkiye Sınai Kalkınma Bankası (TSKB), the country’s development bank, to support businesses that offer opportunities to women and young people. The funding will also back companies impacted by the 2023 earthquakes. At least 15 percent of the funds […] June 10, 2025
Opinion Logistics With sanctions lifted, Syria’s supply chain is cranking back into life The GCC was quick to recognise the opportunities May 23, 2025
Finance Jordan gets $2bn to support national projects Jordan has secured more than $2 billion in grants and concessional loans to build a series of development projects, according to local media. The agreements were signed last month with the World Bank, Germany’s KfW Development Bank, the Netherlands embassy and the Arab Fund for Economic and Social Development (AFESD), Jordan Times newspaper reported, quoting […] May 19, 2025
Opinion Development State first, market later for Algeria’s economic vision A firm social contract shapes the path of national development May 12, 2025
Development Jordan wins exemption from Trump’s freeze on US aid Millions of dollars in US grants for Jordan’s largest water desalination project dried up when President Donald Trump announced sweeping cuts to foreign aid in January. Within two months, support was flowing again – a result of diplomacy that has arguably put the Middle Eastern state on a more solid financial footing than before January, […] April 30, 2025
Development Turkey hopes for funding surge from global institutions Turkey is hoping to attract more than $40 billion in project funding from global financial institutions over the next three years to increase environmental investment, boost infrastructure and reduce risk from natural disasters. Treasury and finance minister Mehmet Şimşek said on April 26 he anticipated Turkey would receive $41 billion in low-cost, long-term finance from […] April 29, 2025
