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Africa North
Sudan says received $1 bln in deposits from Saudi Arabia over past two months
2015-08-13
Enjoy it while you can, guys -- the Saudis are running out of oil money.
[AlAhram] Sudan's central bank received a total of $1 billion from Soddy Arabia
...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face...
in July and August, the Sudanese state minister of finance said on Wednesday.
"Sudan's central bank received an investment deposit from the Kingdom of Saudi Arabia of one billion dollars. Last month we received $500 million, and we received the second part this month," Abdulrahman Dirar told news hounds.

There was no immediate comment from Saudi Arabia.

Since the Saudi-led military operation in Yemen
...an area of the Arabian Peninsula sometimes mistaken for a country. It is populated by more antagonistic tribes and factions than you can keep track of. Except for a tiny handfull of Jews everthing there is very Islamic...
began, Riyadh has pledged fresh investments in Sudan's agricultural sector. Sudan has said the economic assistance is not linked to its support for the campaign.
Posted by:trailing wife

#2  Thank you, Clomp Omagum5939. You are a font of useful background information.
Posted by: trailing wife   2015-08-13 10:52  

#1  Overall, this is not a new investment. Saudi interest in Sudan agriculture has been evident for years. Now that the Saudi's own costly investments in grain production and oasis development have been cut back, the logical alternative was to make eastern Sudan, in effect, a Saudi agricultural colony.
Posted by: Clomp Omagum5939   2015-08-13 09:19  

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