Wednesday 27 May 2015
 
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sudan

Sudan eyes Arab funding for real estate projects

Sudan's real estate sector has attracted investments worth $30 billion from the region and is now looking for more funding from Arab business groups in the construction projects, said a report. "We will be presenting a pa

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Sudan buys Sawiris stake in Ariab Mining for $100m

Sudan has taken full ownership of Ariab Mining Company after purchasing a 44 per cent stake from Egyptian billionaire Naguib Sawiris in a $100 million deal, said the country's minister of mining. Ahmed Sadiq al-Karouri told Re

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Egypt, Ethiopia, Sudan sign historic Nile dam deal

Leaders from Egypt, Ethiopia and Sudan signed a co-operation deal on Monday over a giant Ethiopian hydroelectric dam on a tributary of the river Nile, in a bid to ease tensions over regional water supplies. The leaders said the &q

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Sudan bank to open first Gulf branch in Bahrain

Bank of Khartoum, an Islamic institution which is Sudan's biggest privately owned bank, plans to open a wholesale banking branch in Bahrain, its first branch in the Gulf, its chief executive told Reuters. "It comes logica

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Zain to repatriate $280m from Sudan

Kuwait and Sudan are in talks to help telecom operator Zain repatriate $280 million worth of Sudanese pounds, the company's chairman said on Tuesday. Zain, which operates in about eight countries in the Middle East and Africa

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RAK Ceramics to exit Sudan business, boost UAE capacity

United Arab Emirates-based RAK Ceramics, one of the world's biggest makers of floor and wall tiles, said on Thursday it would sell its Sudan business and use the cash raised to expand its sanitary ware production capacity in the UAE.

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RAK Ceramics to exit Sudan business, boost UAE capacity

United Arab Emirates-based RAK Ceramics, one of the world's biggest makers of floor and wall tiles, said on Thursday it would sell its Sudan business and use the cash raised to expand its sanitary ware production capacity in the UAE.

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Sudan to drill 250 wells to boost oil, gas reserves

Sudan's oil minister says the country will drill more than 250 wells in the coming year, aiming to boost its energy reserves by 65.4 million barrels of oil and 300 billion cu ft of gas, state media reported on Tuesday. When So

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Sudan to develop, import gas for power generation

Sudan plans to create opportunities for foreign investment in the extraction of natural gas as well as to import gas, both aimed at fuelling power generation and industry, President Omar Al Bashir said.

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Saudi Arabia's farm investments in Sudan to hit $13bn

Saudi Arabia's investments in Sudan's agriculture sector is likely to reach more than $13 billion after the north African nation  introduced new legislation to protect investors and attract more foreign funds, said a report.

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