The World Bank said it is opening an office in Abu Dhabi Global Market, the UAE’s financial hub. The new bureau will serve as the bank’s platform in the UAE and its functions will include the facilitation of research on policy issues, providing technical assistance to local governments on appropriate sustainable development programs, and supporting initiatives that increase shared prosperity, according to a statement from the Dubai government’s media office on Tuesday. The World Bank is expected to provide substantial loans to the Middle East and North Africa region in 2019 to accelerate economic reforms under way in some of the countries like Jordan, Tunisia and Egypt.
