Tag Archives: wars

IFC Report Not Optimistic on Arab World’s Microfinance Sector

In a new study, the World Bank’s investment arm International Finance Corporation (IFC) said the Arab World’s microfinance sector is facing serious challenges in view of the external risks, security concerns, and over-indebtedness. The study, conducted in conjunction with Sanabel, the Microfinance Network of Arab Countries, said tackling those problems will be key to spurring the development of the industry. ...

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India’s first aircraft carrier INS Vikrant fades into history after 71 years of service

India’s first aircraft carrier INS Vikrant, which was built for the British Royal Navy as HMS Hercules in 1943 and which saw action during the India-Pakistan war in 1971, is being finally broken up after a glorious history of 71 years. The HMS Hercules, a Majestic-class light fleet aircraft carrier, was built Oct 14, 1943, commissioned in the British Royal ...

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