Cairo: On June 21, it emerged that the United Arab Emirates would build a new Red Sea port in Sudan as part of a $6 billion investment package. DAL group chairman Osama Daoud Abdellatif said that the package includes a free trade zone, a large agricultural project, and an imminent $300 million deposit to Sudan’s central bank, which would be the first such deposit since the military takeover.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Indian court rejects Pakistani artists’ ban plea

An Indian court rejected the petition that called for a complete ban…

Iran urges ‘realistic’ U.S. response to revive nuclear deal

On Aug 6, Iran’s foreign minister called for a “realistic response” from…

Red Sea crisis won’t reignite US inflation: Federal Reserve official

A top official at the Federal Reserve does not believe the US…

Israeli air strike kills five children in Gaza ‘humanitarian zone’: Unicef

An Israeli air strike on a tent for displaced Palestinians within a…