REGIONAL

The World Bank has nudged up its global growth prediction for 2014. For MENA, a relatively healthy oil-fueled performance for GCC countries masks a sharp fall in growth projections for the region’s developing economies.

In its latest twice-yearly Global Economic Prospects, released this week, the Bank says the global economy will grow by 3.2% this year, up from 2.4% for 2013 (see table). Both of these figures are up by 0.2 percentage points from the forecasts the Bank made...