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No success here: Sudanese seccession leaves behind shattered economy

the international community, IMF and all these people ... Sudan and the South were banking on the feeling ... This led to a series of European and even Saudi Arabian banks halting their business with Sudan. This has ... standing with the international community, Sudan was banking on the widespread sympathy for the world’s ...

21/05/2014 - 05:00 - comment 0

North Sudan launches new currency into economically troubled waters

The Central Bank of Sudan (CBS) launched the new Sudanese Pound throughout North Sudan on Sunday. The Central Bank of Sudan ... the transitional process. Previously, Elijah Malok Aleng, head of the Central Bank of South Sudan (CBSS), said ...

25/07/2011 - 08:53 - comment 0

ADIB expands its regional footprint by opening a branch in Sudan

in Sudan. Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial institution, ... Central Bank and to start operations from Sudan.  The inauguration ceremony was attended by Lieutenant ... products and services, ADIB will provide a leading platform for Shari’a-compliant banking in Sudan ...

Press Release - 24/12/2012 - 08:52 - comment 0

Could South Sudan be the next IMF casualty?

suspended its loans sudan) (BUSINESS, Banking & Finance, Main headlines, Sudan) The Executive ... With South Sudan now eligible to sign up to the IMF ... has included South Sudan in a list of 72 low-income countries now eligible for concessional lending. IMF’s ...

29/08/2012 - 09:38 - comment 0

Sudan currency falls to record low

bank rate is around 4.4. The pound has more than halved in value since South Sudan became ... Sudan’s currency has fallen to a record low against the dollar on the black market since South Sudan started reducing cross-border oil flows in a row over ...

25/07/2013 - 17:01 - comment 0

Sudan currency falls to record low

bank rate is around 4.4. The pound has more than halved in value since South Sudan became ... Sudan’s currency has fallen to a record low against the dollar on the black market since South Sudan started reducing cross-border oil flows in a row over ...

25/07/2013 - 15:01 - comment 0

Saudi banks stop remittances to Sudan over sanctions

Bank of Sudan about their decision on Feb. 28, according to sources quoted by a newspaper in Khartoum ... on the economy of Sudan.” Several Sudanese expatriates told Arab News that all Saudi banks stopped transferring ... Finance, Main headlines, Saudi Arabia, Sudan) Several Saudi and international banks have banned all ...

01/05/2014 - 04:38 - comment 0

President of Sudan inaugurates Emirates and Sudan Bank (ESB)

inaugurated Emirates and Sudan Bank (ESB) at a ceremony held on Thursday (February 23, 2006) in Sudan. President of Sudan Omar Al Bashir has officially inaugurated Emirates and Sudan Bank (ESB) at a ceremony ... Minister of State for Finance and Industry and Chairman of Emirates and Sudan Bank, Dr. Sabir Hassan, ...

15/08/2010 - 10:20 - comment 0

South Sudan urged to move away from mono-product economy

for World Bank in Sudan during a Press briefing on Monday. He stated that the World Bank board ... independence. South Sudan has applied for membership of the World Bank Group, which is working closely ... from a mono–product economy, said Ian Bannon, Acting Country Director for World Bank in Sudan during ...

17/07/2011 - 08:01 - comment 0

Arab Fund for Development and Sudan sign loan agreement

Development (AFESD) signed a deal on Wednesday with Sudan to help finance the launch of a new industrial bank ... an agreement with the government of Sudan under which it will offer a loan amounting to KD ten million (some USD 35 million) for Sudan to launch the industrial development bank. The two sides also signed ...

03/01/2013 - 12:55 - comment 1