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Shams boosts digital presence

Sharjah / WAM Sharjah Media City (Shams) has announced reinforcing its digital presence by conducting several online workshops. In light of the current situation, Shams is ensuring easy and effective registration of new businesses online, without requiring business owners to step out of their homes. The “Online Photoshop Workshop by Adobe” successfully attracted a number of participants and proved instrumental ...

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IMF to provide $11bn to 32 African nations

Bloomberg The International Monetary Fund (IMF) is set to provide $11 billion to 32 countries in sub-Saharan Africa that have requested assistance in fighting the coronavirus pandemic and its impact on the region’s economies. These steps by the IMF and its partners — the World Bank, World Health Organisation, the African Development Bank and the African Union — will support ...

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Oil slumps below $20 as IEA sees storages filling despite reductions

Bloomberg Oil fell below $20 a barrel after the International Energy Agency said a historic production cut deal won’t be enough to counter a record demand slump this year. Futures fell as much as 4.5% in New York to the lowest since 2002. Oil demand will drop by over 9 million barrels a day this year, wiping out a decade ...

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