This is the second, limping, edition of ‘Money Monday’ featuring a round-up of all the best, most intrepid financial journalism from or about the two Sudans:
White House Notice – ‘Continuation of the National Emergency with Respect to Sudan’ (US Presidency, 1 November 2012) – The Americans renew their economic embargo of Sudan. In an executive order, Barack Obama says that “the actions and policies of the Government of Sudan continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States.”
Malaysia-Sudan trade set to rise (Malaysian state news agency, 3 November 2012) – Dozens of Malaysian businesses attend a trade conference in Khartoum. The Malaysian land authority agrees in a memorandum to help Sudan boost gum arabic exports.
South Sudan could pump some oil by end-Nov: minister (Reuters, 4 November 2012) – The oil minister in Juba says that Upper Nile fields will be working again sooner than expected. He also suggests that French firm Total could lose control of the enormous ‘Block B’ concession.
USAID launches loan partnership with South Sudan private banks (Sudan Tribune, 2 November 2012) – Two East African commercial banks team up with the US Government to make $7 million in loans to farmers in Jonglei and Equatoria.
Ausbleibende Erdöleinkommen erzwingen wirtschaftliche Reformen (Neue Zürcher Zeitung AG, 31 October 2012) – Diplomats in Khartoum are cited as saying that it was desperation that drove Sudan’s move earlier this year to secretly divert crude oil to their two refineries using “tie-in” lines from the eastern Petrodar pipeline.
Previous edition: 29 October 2012