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A senior official at the World Bank revealed a shocking figure of the total cost of wars in the Arab countries in just eight years.
World Bank Group Senior Vice President Mahmoud Mohieldin told the Kuwait News Agency (KUNA) that the cost of destruction and lost growth opportunities in Arab countries have been wars between 2010 and 2018 amounted to $ 900 billion.
A senior official at the World Bank, the cost of destruction and growth opportunities have been lost "in a very conservative and minimal way".
Following the outbreak of the Arab Spring revolutions in Yemen, Syria and Libya in 2011, these countries have witnessed armed conflicts that have greatly affected their economies and infrastructure, as well as the devastation caused by the violence. organization "Daash" in countries such as Syria and Iraq. .
Mohieldin pointed out that the Arab countries had the worst performance in the world in terms of income distribution index, where 10% of the richest in the Arab world accounted for 60% of national income, against 45% in Europe, for example.
Mohieldin said the World Bank group predicted oil prices would be $ 69 and $ 74 a barrel in 2019 and 2020, respectively.
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