Bloomberg Africa needs an immediate emergency economic stimulus of $100 billion to combat the impact of the coronavirus pandemic and almost half of that could come from waiving interest payments for countries on the continent, according to the United Nations Economic Commission for Africa (ECA). The waiver of interest payments, estimated at $44 billion for 2020, and the possible extension ...

Abu Dhabi / WAM Abu Dhabi Ports signed a strategic agreement with Saudi-based Arabian Chemical Terminals (ACT) that will see the development of the emirate’s first greenfield commercial bulk liquid storage terminal at its flagship, deep-water Khalifa Port. Further diversifying Abu Dhabi Ports’ portfolio with enhanced capabilities in handling of liquid bulk products and gases, the project will benefit existing ...

Bloomberg The UK economy will contract at least 10% in the first half of the year as the fallout from the coronavirus hammers output, according to Bloomberg Economics’ estimates. In a report released on Monday, senior UK economist Dan Hanson said support provided by the Bank of England and the Treasury should prompt a turnaround in the second half of ...