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IMF says private creditors can help Africa fund $44bn gap

Bloomberg The International Monetary Fund (IMF) is hoping more private commercial holders of African bonds will join a global push for debt relief as the continent faces a $44 billion shortfall in its fight against the effects of the coronavirus (Covid-19) pandemic. The IMF estimates that Africa needs $114 billion in 2020 to spend on health and social services that ...

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India toughens its FDI  rules for neighbours

Bloomberg India put curbs on investments in its companies from neighboring nations including China, seeking to cut the risk of opportunistic takeovers as the coronavirus outbreak drives down valuations. A foreign investor from any country that shares a land border with India will now only be able to invest with government approval. At present, such restrictions apply only to FDI ...

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UoS launches online scientific research, studies forum

Sharjah / Emirates Business Under the patronage of His Excellency Prof. Hamid M.K. Al Naimiy, Chancellor of the University of Sharjah (UoS), the College of Arts, Humanities and Social Sciences at the University held its Online Scientific Research and Studies Forum. Several faculty members and graduate studies students from the various College programs participated in four simultaneous sessions using video ...

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