Cairo: Egypt’s EFG Hermes (HRHO) signed on Monday a deal with Asia Commercial Bank Securities of Vietnam to tap the Vietnamese market.

The deal will see EFG’s clients receiving on-ground access and intelligence to trade the Hanoi stock exchange, Ho Chi Minh City Exchange and UPCOM, some of Asia’s most compelling capital markets, EFG Hermes said in statement.

Asia"...

On Sunday, the Saudi Ministry of Finance deposited the sum of US $ 250 million into the account of the Central Bank of Sudan.

Saudi Finance Minister Mohamed bin Abdullah Al Jad'an said the deposit was an extension of Saudi support for Sudan, pointing out that this support will boost the financial and economic situation in Sudan, especially the Sudanese pound exchange rate.

The"...

Saudi Arabia has transferred 937.5 million Saudi riyals (US$ 250 million) to the Central Bank of Sudan, according to the official Saudi Press Agency (SPA).

This came move begins the implementation of a $3billion aid package from the Kingdom, and the UAE, to support stability in Sudan, announced 21 April.

On 28 April, the UAE announced an agreement to support financial"...

Wegagen Bank and WorldRemit one of the leaders in global money transfer have announced their partnership to provide digital money transfer service to Ethiopian customers.

Wegagen Bank President Abay Mehari said on the occasion: “We are delighted to partner with WorldRemit one of the leading digital money transfer service provider to give our customers more options to receive money sent to them from abroad fast and safe.” He added Wegagen"...

London Stock Exchange today welcomes Finablr PLC (“Finablr”), a global payments and foreign exchange company, to open London’s markets for trading and to celebrate the listing of the Company’s shares on the Premium Segment of the Main Market of London Stock Exchange.

Finablr is a global platform for Payments and Foreign Exchange solutions underpinned by modern proprietary technology. With deep regulatory know-how, a relentless"...

Khartoum, April 29 (SUNA) - The Spokesman of the Central Bank of Sudan (CBOS) Dr. Najm-Eddin Hassan Ibrahim has affirmed that the deposit of 250 million dollars from the Abu Dhabi Fund for Development (ADFD) at the Central Bank came to achieve financial and monetary stability, pointing to its positive effects on the exchange rate and bridging the balance of payments deficit. Dr. Ibrahim praised the role of the United Arab Emirates and the Kingdom of Saudi Arabia in supporting Sudan, stressing that the Sudan’s government"...

Khartoum – the General Directorate of Traffic Police will celebrate the Arab Traffic Wee early May at the Exhibition Ground in Burri.
Al Baraka Insurance Company, Information and Public Relations Manager, Yassir Jido stated to Sudan Vision that the traffic safety rep[resents an essential partners to preserve lives, affirming their exerting all possible efforts to make the Arab Traffic Week a success.
He added while meeting with the Chief of the High Committee of the Arab Traffic Week, Maj. Gen. Al-Nazir"...

April 28, 2019 (KHARTOUM) - The United Arab Emirates and Sudan signed an agreement to inject $250 million in Sudan’s central bank as part of a previously-announced $3 billion grant by the United Arab Emirates and Saudi Arabia.

On 21 April, Saudi Arabia and UAE announced a joint $3 billion worth of aid, throwing a lifeline to Sudan after the fall of President Omer al-Bashir after four-month protests against his regime.

The"...

Khartoum- The Agricultural Bank of Sudan has announced it would immediately start provision of funding to the farmers, with especial focus on small producers, for cultivation of a total area of nine million feddans at the cost of SDG35.5 billion for the current summer season in all states of the country.
The Director General of the Agricultural Bank of Sudan, Salah-Eddin Hassan Ahmed, affirmed in a briefing to the Economic Committee of the Transitional Military Council (TMC) yesterday on the financing policies for the"...

Khartoum – If the Transitional Military Council wanted to know who caused the problem of shortage of liquidity in the banks it should carry out major changes in the central bank as it is easy to know who made withdrawals and who stopped depositing since of the beginning of February 2018.
This was the advice made by Dean of the Faculty of Commerce, Al Nilain University, Khartoum, Prof. Kamal Ahmed Yusuf in an interview to Al Akhbar daily.
He added that the current economic crisis in the country can be resolved"...