erad lines up USD 33 mn debt investment from India’s Stride Ventures
ALSO- World Bank opens new regional hub in Riyadh
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ALSO- World Bank opens new regional hub in Riyadh
The 2.3% global growth forecast would mark the slowest rate of growth in almost 17 years
The forecast for the current year reflects a gradual expansion of oil production
Rising trade uncertainty and debt are slowing growth in emerging markets
The broader MENA region is forecast to expand 2.6% in 2025 and 3.7% in 2026
The bank penciled in growth of 5.4% in 2026
The multilateral lender also warns of stresses on the Kingdom’s water resources
The lender expects strong growth in the country’s non-oil sector to offset oil GDP contraction
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