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Faster debt relief needed as more countries seek help, warns IMF

Bloomberg More countries are likely to seek debt relief as a stronger dollar makes repayments tougher, and the program that rich nations have to help poorer ones needs to be faster and broader, the International Monetary Fund’s (IMF) deputy chief said. About 60% of low-income countries are at high risk of or already in debt distress, and about 20 emerging markets ...

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Ruwad supports 957 projects worth AED32m

  Sharjah / WAM Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) of the Sharjah Economic Development Department (Sedd), announced that it has registered 214 new projects in the foundation in 2021. Sharjah acquired 67 percent of the new projects, while the rest of the projects were distributed by 21 percent in the eastern region, and 12 percent for the central ...

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Work at Falcon Interchange 55% complete: RTA

  DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) announced that 55% of the construction had been completed at the Falcon Interchange Improvement Project situated between Al Khaleej Street, Khalid bin Al Waleed Street and Al Ghubaiba Street. The project links with the Northern side of the Infinity Bridge (Al Shindagha Bridge). “The project is implemented in response to ...

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