SHOCKING: 3 | Mind Blowing Facts

EBRD: War to Hammer Russia, Ukraine Economies this Year

The economies of Russia and Ukraine will contract by 10 percent and 20 percent respectively this year as the war between the two countries causes "the greatest supply shock" for 50 years, the European development bank, EBRD, said on Thursday. Before Russia invaded its pro-Western neighbor on February 24, the…

Asharq Al-Awsat · Mar 31, 2022

EBRD: Ukraine War Sparking Turmoil for World Economy

The Ukraine war has major economic consequences for energy, food, inflation and poverty, according to the European Bank for Reconstruction and Development. The EBRD's chief economist, Beata Javorcik, spoke to AFP about the fallout from Russia's invasion of Ukraine, from where more than three million refugees have fled so far.…

Asharq Al-Awsat · Mar 20, 2022

Egypt, EBRD Launch New Cooperation in Energy, Tourism

Egypt and the European Bank for Reconstruction and Development (EBRD) signed two memoranda of understanding (MoU) on green hydrogen and established the Sector Skills Council (SCC) to boost the tourism sector. They also signed an agreement to implement an Alexandria metro line with a total value of €250 million. The…

Asharq Al-Awsat · Mar 7, 2022