Financial and Banking News


Saudi Arabia Renews Oil Assistance to Sudan 

Saudi Arabia has promised to extend its oil assistance program to Sudan for three more months, providing 450,000 tons of crude oil in addition to $60mn in emergency aid, according to Mr. 'Awadh 'Abd al-Majid, the Sudanese Finance Minister, in an interview with the London daily al-Sharq al-Awsat. Last April Saudi Arabia agreed to provide Sudan with 2.2mn barrels of crude oil, worth around $61mn,...