saudisudanese deal to ease transfers
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

To Increase Cooperation

Saudi-Sudanese Deal to Ease Transfers

Egypt Today, egypt today

Egypt Today, egypt today Saudi-Sudanese Deal to Ease Transfers

Hazem Abdul-Qadir
Riyadh - Egypt Today
Hazem Abdul-Qadir, Sudan's Central Bank Governor, assured that the banking climate in Sudan witnessed a revival following the US decision in October to lift sanctions, noting that Saudi Arabian Monetary Authority (SAMA) ordered commercial banks to ease transfers between Sudan and Saudi Arabia.

“I discussed, on Wednesday, with SAMA Governor Ahmed al-Khulaifi developments in terms of the banking climate in Sudan and possible means to urge Saudi banks to ease banking transfers between the two countries, after removing all legal obstacles that existed before lifting the US sanctions on Sudan,” he told Asharq Al-Awsat.

The Central Bank Governor said the meeting with Khulaifi was attended by managers of four commercial banks in Saudi Arabia, including Al-Ahli Bank (NCB) and Al Rajhi Bank. During the meeting, attendees discussed possible ways to overcome some obstacles and enhance the flow of banking transfers from Saudi Arabia that hosts the greatest number of Sudanese immigrants.

“I explained to Khulaifi that things will improve in Sudan,” said Abdul-Qadir, adding that the SAMA governor issued last week a circular for Saudi commercial banks to deal with Sudanese banks stressing the need to investigate banking transactions to prevent money-laundering or suspicious operations.

On the sidelines of a meeting organized by Sudanese Ambassador to the Kingdom of Saudi Arabia Abdulbaset al-Sanousi in Riyadh on Wednesday, Abdul-Qadir stated that Saudi Arabia hosts the biggest Sudanese diaspora exceeding one million people, not to mention the enormous Saudi investments in Sudan.

Musaad Abdul Karim, Chairman of Sudanese Banks Association, expected that discussions with SAMA and Saudi commercial banks would result in restoring ties between Sudanese-Saudi banks and increasing bilateral banking transfers.

“There were no problems in the past. What happened is due to consequences of the US economic embargo imposed on Sudan since 2013. Now these reasons no longer exist,” he added.

 
egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudisudanese deal to ease transfers saudisudanese deal to ease transfers



GMT 06:29 2011 Monday ,14 November

Matthew cruises to win at Ochoa Invitational

GMT 03:34 2017 Wednesday ,22 March

Tillerson to skip NATO meeting next month

GMT 13:44 2013 Friday ,15 March

Israel suppress Palestinian demonstrations

GMT 16:15 2017 Monday ,01 May

Moroccan Workers’ Syndicate

GMT 11:56 2016 Wednesday ,12 October

Toyota, Suzuki eye partnership as industry consolidates

GMT 15:42 2011 Thursday ,23 June

Express checks in with foursquare

GMT 10:49 2017 Sunday ,13 August

Car rams into crowd at violent Virginia rally

GMT 17:45 2013 Sunday ,20 October

5 Indian spices that are good for your health

GMT 08:41 2012 Saturday ,15 September

Italian magazine: will print Kate topless snaps

GMT 08:02 2012 Tuesday ,05 June

Zoe Saldana in Prabal Gurung

GMT 06:11 2012 Saturday ,15 September

Tunisia’s Media Conflict: Journalists fight for freedom

GMT 14:35 2015 Friday ,24 July

Awqaf Minister hails New Suez Canal project

GMT 16:34 2017 Thursday ,28 December

Hitler's Nazi-parade Mercedes set

GMT 11:22 2011 Monday ,10 October

Paul McCartney to play in Moscow in December

GMT 05:17 2015 Friday ,25 September

Pope expresses solidarity with Muslims after stampede

GMT 05:44 2012 Saturday ,21 April

ATV engine 95 HP

GMT 03:01 2011 Monday ,19 September

Laughter, tears at US television\'s Emmy awards

GMT 12:04 2012 Wednesday ,07 March

6 Music animation draws on 10 years of eclectic radio

GMT 01:00 2015 Sunday ,05 April

Barzani congratulates Abadi on Tikrit victory

GMT 13:24 2015 Thursday ,15 October

Tesla installs 'autopilot' update

GMT 06:17 2012 Monday ,02 January

Countries across the world celebrate the New Year

GMT 04:07 2016 Tuesday ,07 June

For new era of self-driving cars

GMT 08:21 2017 Saturday ,23 December

Saudi-Sudanese Deal to Ease Transfers

GMT 11:08 2017 Thursday ,21 December

Asian markets mostly down as tax cut euphoria wanes
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday