Friday 25 July 2014
 
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sudan

US slaps $9bn fine on BNP in new sanctions warning

French bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations that it had violated US sanctions against Sudan, Cuba and Iran, in a severe punishment aimed at sending a clear message

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Zain, Ericsson join Sudan peace programme

Unesco has joined hands with leading telecom groups Ericsson and Zain Group for the expansion of the Youth Peacemaker Network (YPN) in South Sudan’s Equatorias region. Unesco Special Envoy, Humanist and Artist and Forest Whi

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South Sudan rebel leader agrees new ceasefire

South Sudanese President Salva Kiir and rebel commander Riek Machar have signed a ceasefire deal after coming under growing international pressure to end ethnic fighting that has raised fears of genocide. Friday's deal was mad

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Citadel sells stake in Sudanese Egyptian Bank

Egypt's Citadel Capital said it was selling its majority stake in the Sudanese Egyptian Bank to the Islamic Solidarity bank of Sudan for $22 million. The move is part of a programme to shed non-core assets and focus on energy,

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Qatar announces $1bn aid package for Sudan

Qatar will deposit $1 billion at Sudan's central bank, Khartoum said on Wednesday, announcing an aid package to Sudan's Islamist government that is likely to worsen Doha's already tense relations with Egypt. The announ

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Al Abbas wins logistics rights to Sudan

Egypt-based Al Abbas Transport, a top logistics firm in the region, has obtained the exclusive rights to transport goods to and within Sudan from Egyptian and Sudanese customs authorities. The announcement marks the first time any

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140,000 to get cholera vaccine in Sudan

The World Health Organisation (WHO) is working with the South Sudan government and partners to provide vaccines to protect nearly 140 000 people living in temporary camps in South Sudan against cholera. The vaccines come from an e

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Brent set for highest weekly close in 2014

Brent crude oil slipped towards $110 a barrel on Friday but remained on course for its highest weekly close this year, as supply disruptions in Africa have tightened the market. Domestic conflicts in Libya and South Sudan, as well

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Sudan inks $680m Khartoum airport deal

An agreement worth $680 million for the second phase of work at a major new airport in Sudan was signed on the sidelines of Bahrain International Airshow yesterday. Khartoum New International Airport (KNIA) project directorate dir

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Al Abbas Transport expands network to Sudan

Leading transport and logistics firm Al Abbas Transport is set to expand its network with the addition of its latest route between Egypt's Erqan and Sudan's Khartoum. The new route coincides with the opening of the Egypt-S

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