Saudi Arabia, UAE Pledge $3 Billion To Sudan
Saudi Arabia and the United Arab Emirates on Sunday announced financial support of three billion dollars (2.7 billion euros) for Sudan following the overthrow of longtime leader Omar al-Bashir.
The oil-rich Gulf states pledged to inject $500 million in the Sudanese central bank and $2.5 billion to help provide food, medicine and petroleum products, the official Saudi Press Agency said without specifying if the money is a gift or a loan.
For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
First Abu Dhabi Bank Opens New London Branch, Marking 48 Years In The UK
FAB first entered London through its predecessor National Bank of Abu Dhabi, and the city now serves as a hub for priva... Read more
Estithmar Holding Net Profit Doubles To $128mn In H1 2025
Doha-based investment firm posts revenue of QAR 3.073 billion as international expansion drives growth Read more
UAE Central Bank Follows Fed Lead And Maintains Base Rate At 4.4%
Also decides to maintain the interest rate applicable to borrowing short-term liquidity at 50 basis points above the Ba... Read more
Joyalukkas Secures AED500m Capital Boost From Emirates NBD For Global Expansion
The deal is fully integrated with Emirates NBD’s advanced digital and trade platforms, offering Joyalukkas real-time ... Read more
UAE Central Bank Suspends Foreign Insurers Motor Business Over Solvency Issues
The CBUAE cited the entity's non-compliance with solvency and guarantee requirements specified in the Law and prevailin... Read more
Standard Chartered Launches UAEs First Sustainable Escrow And Account Bank Solution
New solution enables clients to align cash deposits with sustainability goals through a market-first offering available... Read more