Economy

Port Sudan - Sudanhorizon The African Development Bank (ADB) has approved the allocation of a grant of some $100 million from the resources of the African Development Fund of the Bank Group, to fund the second phase of wheat production…

Port Sudan – Sudanhorizon Munazzamat Al-Daw’ah Al Islamiyyah (MDI) disclosed that it had incurred losses amounting to $50m in Sudan due to the war, primarily in the form of assets. The Chairman of the Board of Trustees of MDI, Sheikh…

Port Sudan – Sudanhorizon The Minister of Finance and Economic Planning, Dr. Jibril Ibrahim, is leading Sudan's delegation to the 2024 annual International Monetary Fund (IMF) and the World Bank Group meetings, which will take place from…

Port Sudan - Sudanhorizon The Ministry of Energy and Oil revealed the establishment of a reference laboratory for oil and its derivatives in the administrative capital in Port Sudan. The Minister of Energy and Oil, Dr. Muhiuddin Naeem…

Port Sudan - Sudanhorizon The Sudan Airports Company Limited welcomed Ethiopian Airlines' first flight since the outbreak of war in Sudan more than a year ago. The company said in a statement seen by the Sudanhorizon news website:…

Port Sudan - Sudanhorizon The Chairman of the North and East African Livestock and Meat Council and the Head of the Meat Exporters Division, Dr. Khaled Al-Maqbool, revealed the desire of some national companies to pump investments in the…

Port Sudan – Sudanhorizon The Minister of Energy and Oil, Dr. Mohiuddin Naeem Mohamed Said, affirmed his ministry's determination to finance the restoration of the production line for the new metre factory to address the scarcity of…

Port Sudan – Sudanhorizon The Turkish ambassador to Sudan, Fatih Yıldız, discussed with the Minister of Energy and Oil, Mohiuddin Naeem, the practical steps to implement the agreements regarding investment between Turkey and Sudan.…

Port Sudan - Sudanhorizon The Minister of Energy and Oil, Dr. Muhiuddin Naeem Mohamed Saeed, said that Sudan's doors are open for cooperation with the Kingdom of Saudi Arabia in the field of oil and gas, pointing to the special…

Juba – Sudanhorizon – Agencies The Board of Directors of the African Development Bank Group has made a significant stride in humanitarian aid, approving a substantial $19.8 million grant from the African Development Fund for a project…